All articles by Alec Mattinson – Page 71
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NewsPub closures see annual sales tank at alcohol wholesaler LWC Drinks
Booze wholesaler LWC Drinks saw revenues plunge by 42% last year as it suffered from pub and leisure closures.
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NewsWhitworths returns to profit following Covid sales boom
The dried fruit supplier has bounced back into profit as the boom in healthy snacking and home baking during the pandemic drove a 19% jump in sales
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NewsHelloFresh makes first profit in UK amid rocketing demand
Meal kit giant HelloFresh made its first profit in the UK last year as booming sales during the pandemic led to increased profitability.
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NewsCity snapshot: UK consumer confidence holds firm in June
UK consumer confidence remained at its highest post-pandemic level during June, although concerns over rising inflation have affected sentiment over the country’s economic prospects.
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NewsMedia Bites 25 June: Deliveroo, Morrisons, Inflation
Deliveroo has won the latest battle in the long-running legal fight over the employment status of its riders
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NewsCity snapshot: Store estate expansion drives Pepco profit and sales growth
Newly listed Poundland owner Pepco Group has announced an increase in first half revenues and profits as the addition of new stores mitigated the impact of Covid shop closures and lower footfall in its UK stores.
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NewsMedia Bites 23 June: Morrisons, Grocery sales, DS Smith
MPs are preparing to intervene in a potential takeover of Morrisons
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NewsMycoprotein specialist Enough raises €42m to fund rapid growth
The vegan protein startup Enough has raised €42m (£36m) of new funding to scale up production
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NewsCity snapshot: Grocery sales slide on hospitality reopening
Grocery sales slipped back 1.6% in the 12 weeks to 13 June, according to Kantar, as the reopening of pubs and restaurants led to reduced spend at UK supermarkets.
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NewsNaked Wines’ share price falls on annual loss while analysts point to bigger picture
Covid drove a step-change in the growth of Naked Wines, but it failed to have a similar impact on its bottom line
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NewsKerry agrees €819m sale of meats and meals business to Pilgrim’s Pride
Kerry Group has agreed to sell its UK and Ireland meats and meals business to Pilgrim’s Pride to focus on its taste and ingredients business
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NewsCity snapshot: Tesco first quarter sales top record 2020 lockdown surge
Tesco has grown its first quarter sales despite the unprecedented surge in demand during the first coronavirus lockdown period in the corresponding quarter last year. Plus, ONS retail sales figures show surprise May slowdown and all the rest of the latest news from the City.
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NewsMedia Bites 18 June: UK meat production, BrewDog, Exports
The UK faces shortages of British-produced meat as problems with recruitment continue
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NewsCity snapshop: Pepco to launch in Austria with acquisition of store lease portfolio
Poundland owner Pepco Group has announced its intention to launch in Austria, with the acquisition of up to 29 store leases in the country.
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NewsMedia Bites 16 June: Australia trade deal, Inflation, Papa John’s
Farmers have expressed “deep concerns” over a trade deal agreed between the UK and Australia
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NewsBig Drop Brewing raises £3.5m to boost growth plans
Alcohol-free beer producer Big Drop Brewing has raised a further £3.5m to fund surging growth as its sales head towards £5m.
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NewsCity Snapshot: Just Eat Takeaway.com ties up £5.8bn Grubhub acquisition
Just Eat Takeaway.com has announced this morning it has finally completed the US$7.3bn (£5.75bn) deal to acquire Grubhub US food delivery rival Grubhub
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NewsMedia Bites 14 June: Meatless Farm, BrewDog, Covid lockdown
Plant-based burger and sausage maker Meatless Farm is giving its customers the chance to invest in the fast-growing company
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NewsCity News: Reckitt shareholders’ relief at sale of Chinese infant formula business
The group will continue to own the Mead Johnson and Enfa brands
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NewsHighland Spring falls to £2.7m loss after ‘disappointing’ year
Bottled water brand Highland Spring fell to a £2.7m pre-tax loss in 2019 and suffered further sales slumps in 2020