Finance news – Page 102
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NewsTreatt shares plunge on inflation-driven profits warning
Shares in Treatt have lost a third of their value after the ingredients business warned its profits would be much lower than expected as a result of sluggish consumer confidence in the US and soaring cost inflation
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NewsSpeyside Brewery to recommence production from new site following investment
The Forres-based brewery will move to a new site ‘a few yards’ away, after being mothballed during the pandemic
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NewsGü splashes £4.5m on rebrand and adds four new SKUs
The posh desserts brand aims to increase its retail sales value from £70.7m to £90m by October 2023
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NewsCity Snapshot: Hellofresh unveils record revenues but at expense of lower profits
HelloFresh has revealed record quarterly revenues as the meal kit firm increased its customer base further, but profits fell back as the group spent more on marketing. Plus, Treatt revises profit expectations down significantly and wine maker Gusbourne more than doubles sales.
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NewsMedia Bites 15 Aug: Cooks Coffee, Supermarket barbecues, Haleon
Britain’s fourth-largest coffee shop chain, Cooks Coffee, is drawing up plans to list on the London stock market, providing a bright spot amid an ongoing drought of new UK listings
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NewsDeliveroo investors shrug off bad news to focus on margin improvement
Widening losses, slowing growth and the loss of an industry heavyweight from the board are an unusual recipe for success, but Deliveroo’s shares were up again this week as the City welcomed its progress on margin improvement
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NewsHeinz UK sales remain up on pre-pandemic levels despite post-stockpiling falls
The end of Covid stockpiling saw Heinz sales fall back in the UK last year, but revenues remained above pre-pandemic levels thanks to a strong ketchup and infant performance
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NewsLucozade Ribena Suntory sales rebound as on-the-go recovers
Lucozade Ribena Suntory saw a sharp rebound in sales last year as on-the-go consumption returned in the wake of Covid restrictions
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NewsLow-calorie alcohol retailer DrinkWell secures £1m to fund expansion
The funding will allow the retailer to scale and grow its team, while investing in NPD
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NewsThe Cookaway eyes major investment in growth
World cuisine recipe kit challenger The Cookaway has hired advisors to help secure a major strategic investor as it looks to rapidly scale the business.
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NewsCity snapshot: Lotus Bakeries boosted by strong rebound of UK health snacking
Bear and Nakd owner Lotus Bakeries has posted 14.1% revenue growth in the first half of 2022 driven by strong growth of Lotus Biscoff and its UK healthy snacking portfolio
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NewsMedia Bites 12 Aug: Haleon/GSK, Coca-Cola HBC, Scotch whisky
Billions of pounds have been wiped off the stock market values of both GSK and Haleon
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NewsLactalis Nestlé profits halved as costs stack up
In the year to 31 December 2021, the joint venture between Nestlé and French dairy giant Lactalis saw year-on-year turnover rise slightly
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NewsCity snapshot: Price hikes and volume growth boost Coca-Cola HBC despite hit from Russia
Eastern European Coke bottler Coca-Cola HBC posted first half organic growth of 19.4% as double-digit price rises and volume growth mitigated the loss of business in Russia and Ukraine.
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NewsMedia Bites 11 August: Deliveroo, fuel prices, US inflation
The papers focus on the latest financial results from Deliveroo and inflation figures from the US.
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NewsNomad Foods volumes fall as consumers buy less at higher prices
Birds Eye owner Nomad Foods has cut its earnings expectations after shoppers bought less of its frozen products as prices climbed.
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NewsTenacious Labs branches out into petcare market as CBD buy-and-build strategy continues
It’s the third deal struck by the London-headquartered business since it launched in early 2021
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NewsMedia Bites 10 Aug: Domino’s Pizza, hospitality VAT, fuel prices
Domino’s Pizza has closed its Italian stores after seven years, after the US brand struggled to win over customers in the birthplace of pizza
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NewsCity Snapshot: Deliveroo reveals widening losses as Next boss Simon Wolfson steps down from board
Deliveroo has this morning revealed widening losses, slowing growth and the loss of Next boss Simon Wolfson from its board. Plus, Q2 results from Dutch supermarket group Ahold Delhaize.
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NewsSupreme acquires trade and assets of vaping businesses Cuts Ice and Flavour Core
It follows Supreme’s acquisition of Liberty Flights in June in a deal worth up to £15m