Finance news – Page 101
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NewsJust Eat Takeaway.com sells off €1.8bn Brazlian iFood stake
Just Eat Takeaway.com has agreed to sell its 33% stake in Brazalian food delivery operation iFood for a sum worth up to €1.8bn
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NewsSouth Caernarfon Creameries reports rise in sales and profits
Sales for the year to 31 March rose by 17% to £71.5m, while year-on-year operating profit jumped by 20.6% to £4.1m
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NewsCity News: Carlsberg sales surge but instability concerns weigh on shares
Sales at Carlsberg have soared past pre-pandemic levels as warm summer weather and the resurgent on-trade boosted performance. However, shares remain down for the year due to concerns over its second half outlook and instability in eastern Europe
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NewsLockdown-affected Redemption Foods saved in pre-pack deal
Soup maker Redemption Food Company has been rescued from administration after suffering ’significant financial challenges’ during the pandemic
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NewsEIT Food launches funding call to support innovation projects in agrifood
EIT Food will support food projects bringing innovative technology solutions to the market in response to specific challenges in the agrifood sector.
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NewsCity snapshot: Online boosts UK retail sales in July
UK retail sales nudged upwards in July as growth in online retail boosted overall sales volumes. Plus, Just Eat Takeaway.com sells €1.8bn stake in Brazil’s iFood and consumer confidence hits record lows.
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NewsMedia Bites 19 Aug: Consumer confidence, Food inflation, Carlsberg
Consumer confidence has fallen to a new record low as people facing painful budget squeezes have become ‘exasperated’ at the state of the economy
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NewsRichmond overtakes Cauldron into third in plant-based category
Richmond’s retail sales grew 50.2% to £35.4m in the year to 18 June, according to NielsenIQ – putting it ahead of Cauldron, which sold £30.2m in that period
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NewsCity snapshot: Wynnstay taps investors for £10.6m to fund growth and M&A
Agricultural supplies group Wynnstay has raised £10.6m via the placing of new shares to fund future growth and acquisitions
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NewsMedia Bites 18 August: inflation, wonky veg, Haleon
The main story of the day is the latest inflation figures, with UK inflation passing double-digits for the first time in 40 years.
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NewsCCEP launches sustainability-linked supply chain financing programme
GB Coke bottler Coca-Cola Europacific Partners has launched a new finance programme to encourage suppliers to make their businesses more sustainable
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NewsSamworth Brothers pays tribute to late founder and life president Sir David Samworth
The group said Sir David helped shape the modern food industry over ‘a long and successful business career’, as well as giving ‘distinguished service’ in many other roles
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NewsFilshill acquires wholesaler Iain Hill for undisclosed sum
Iain Hill started the eponymous wholesale business from a garage 32 years ago
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NewsCity Snapshot: Food prices soar to 14-year high
Food and drink prices have jumped sharply once again as inflation in the sector continued to race ahead of the UK headline rate. Plus, first-half results from Carlsberg and Glanbia.
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NewsMedia Bites 17 Aug: Aldi/Market share, Iceland, Walmart
Aldi is poised to join the ranks of the Big Four supermarkets, eclipsing Morrisons, as cost-conscious customers were drawn to its cheaper product lines
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NewsPleesecakes hits crowdfunding target ahead of planned nationwide retail rollout
The round on Seedrs values the business launched by former painter-and-decorator Joe Moruzzi in 2017 at £6.2m.
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NewsIceland rolls out Food Club interest-free loans to all UK households
Successful applicants will get a preloaded Food Club card, which they can then use to shop in store or online both at Iceland and The Food Warehouse
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NewsCity snapshot: Grocery inflation hits new high of 11.6% to lift supermarket sales
Supermarket sales rose by their highest level for over a year in the most recent 12-week period as a new inflationary high boosted sector revenues
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NewsMedia Bites 16 August: Aldi, Treatt, Gusbourne
The papers focus on a pay rise for Aldi warehouse workers and a profits warning at Treatt.
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NewsJohn Lewis and Waitrose employees using financial support fund on the rise
The JLP’s financial assistance fund helps workers struggling to pay their bills via grants and interest-free loans