Finance news – Page 100
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NewsAsda claims sales going in the right direction despite cost of living crisis
Asda has also expanded its ‘Dropped & Locked’ pricing campaign to include more than 250 products, which will remain for the rest of the year
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NewsTrip secures £10m for mainstream CBD push
CBD start-up Trip has secured a £10m investment to fuel its rapid growth and bring the brand to a mainstream customer base.
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NewsClean Kitchen Club raises £2m-plus for expansion and retail push
Plant-based fast food chain Clean Kitchen Club has raised more than £2m in a joint seed and crowdfunding round to expand the roll-out of its estate outside of London and push the brand into supermarkets.
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NewsWeetabix appoints Nurain Mohamed as head of business finance
Mohamed joins from his previous position as finance director for UK operations at Jacobs Douwe Egberts
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NewsMission Ventures kicks off incubator scheme for healthier startups
The startup consultancy has partnered with non-profit organisation Impact on Urban Health to help 10 healthier challenger brands launch into the mults
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NewsCity snapshot: Delivery Hero first half losses near €1.5bn
German food delivery group Delivery Hero lost almost €1.5bn in its first half after rising marketing, technology and impairment costs increased its losses
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NewsMedia Bites 25 August: CO2, Asda, Lidl
The UK’s biggest carbon dioxide producer said it would close its Billingham plant in north-east England and Asda to remove best-before dates from fruit and veg.
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NewsGreen Beverages appoints Howard Prince-Wright as chairman
Prince-Wright’s career includes spells as a director at Pepsi-Cola International and as CFO of Burger King Europe, the Middle East and Africa
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NewsIceland’s debt rating downgraded as it slips to annual loss
Iceland’s debt rating has been downgraded by Moody’s as newly filed accounts show the supermarket fell to a pre-tax loss last year
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NewsTree of Life administrators seek rescue deal as 143 staff made redundant
Almost 150 employees have lost their jobs after wholesalers Tree of Life and The Health Store collapsed this week
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NewsMedia Bites 24 Aug: Co-op, Pubs, Convenience stores
Co-op, the UK’s biggest member-owned company, has appointed the first female chief executive in the organisation’s history
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NewsCity Snapshot: Tree of Life appoints administrators
Health food distributor Tree of Life has collapsed into administration after failing to secure investment needed to stay afloat.
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NewsHealth food wholesaler Tree of Life falls into administration
Health food wholesaler Tree of Life has fallen into administration following a failed attempt to secure third party investment earlier this year
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NewsMoy Park sees near 60% profit slump amid ‘challenging headwinds’
The Northern Ireland-based poultry giant saw operating profit fall by 58.1% (or £50m) to £36.2m in the face of significant cost increases in feed, utilities and labour
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NewsCity snapshot: Inflation drives grocery growth as convenience outstrips supermarket sales
Grocery sales rose 4.5% in the four weeks to 13 August as inflation drove top-line growth despite falling volumes
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NewsMedia Bites 23 Aug: Inflation, Ben & Jerry’s/Unilever, McDonald’s
UK inflation is set to top 18% in January - the highest point in more than 40 years
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NewsUnited Wholesale Scotland posts £4.9m pre-tax profit
UWS said its strong partnership with suppliers and loyal customer base had allowed it to perform strongly in a competitive market
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NewsCrediton Dairy continues to see turnover growth despite challenges
The Devon-based company saw turnover increase by 16.3% to £101.5m while profit before tax was down to £9.6m compared with £9.8m the previous year
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NewsCity snapshot: Soaring energy prices push retail SMEs close to collapse
Soaring energy costs are wider inflation are pushing consumer SMEs such as cafes, restaurants and shops to the brink of collapse, the Federation of Small Businesses has warned
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NewsMedia Bites 22 Aug: Amazon, Chicken prices, Just Eat Takeaway.com
Amazon has halted the aggressive expansion of its checkout-free convenience stores, amid disappointing sales and a bleak economic outlook