Finance news – Page 107
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NewsValeo Foods eyes more deals as it brings in global head of M&A
Deal hungry ambient food group Valeo Foods has signalled its intent to continue a global acquisition spree with the appointment of a head of M&A
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NewsMedia Bites 13 July: PepsiCo, JAB Holdings, Diageo
PepsiCo predicted inflation would stay elevated for the rest of the year, and said it remained open to raising prices further
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NewsCity Snapshot: JD Wetherspoon calls for tax equality with ‘far more profitable’ supermarkets
JD Wetherspoon has called for tax equality between pubs and supermarkets as the group reported its losses for the year would be larger than expected. Plus, spirits group Distil issues a trading update and KKR’s acquisition of drinks bottler Refresco completes.
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NewsCity snapshot: Retail sales fall by levels ‘not seen since the pandemic’
UK retail sales volumes fell back in June at a rate not seen since the depths of the pandemic, as inflation continues to bite, and households cut back spending.
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NewsMedia Bites 12 July: Consumer spending, retail sales, Superdrug
Shoppers are cutting spending on food because of the cost-of-living crisis – but are still splashing out more than before the pandemic on their hobbies and gardens, according to official spending statistics from the Office for National Statistics.
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NewsSpiceBox to push further in retail with backing from Veg Capital
The business started life as a street food stall in 2016 before opening two curry houses in north London and expanding into retail products during the pandemic in 2020.
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NewsMedia Bites 11 July: Heinz/Tesco, Naked Wines, Inflation
Tesco and Heinz have reached a revised supply agreement after a high-profile pricing dispute
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NewsCity snapshot: Record palm oil prices boost Dekel Agri-Vision
Dekel Agri-Vision has been boosted by record high prices for palm oil despite falling volumes at its operations in the Ivory Coast.
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NewsCity News: Sainsbury’s boosted Q1 sales not enough to offset inflation fears
Sainsbury’s tumbling share price received some respite this week after it posted better-than-expected first-quarter sales figures – but fears over the impact of the cost of living crisis continue to weigh on the stock
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NewsWarburtons sales juggernaut rolls on but profits hit by increasing costs
UK bakery giant Warburtons held on to sales gains from the pandemic spike last year, but profit margins were hit by mounting costs
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NewsHaribo boosted by rebound in impulse
Haribo grew domestic UK sales last year despite “challenging” conditions for the category, with double-digit growth in early 2022 as impulse sales have rebounded
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NewsTyphoo losses mount but “transformation is underway”, says new boss
New accounts at Companies House revealed “extremely challenging” trading in the 18 months to 30 September 2021.
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NewsCity snapshot: UK retail sales growth slows amid soaring inflation
UK retail sales growth slowed again in June continuing a three month downward trend as soaring inflation and falling real wages impact consumers stifles retail spending
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NewsMedia Bites 8 July: Sainsbury’s, Retail sales, UK wine
Sainsbury’s has seen off an attempt by a group of shareholders to force it to commit to paying the so-called real living wage to all staff
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NewsSainsbury’s shareholders reject Living Wage resolution
More than 100,000 people signed a petition requesting Sainsbury’s become a Living Wage accredited employer
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NewsCity snapshot: Jubilee boosts June footfall but cost of living crisis hits shopper activity
Footfall strengthened for the third consecutive month in June, according to Springboard, but the figures were boosted by the Jubilee and underlying trends point the impact of inflation on shopper behaviour.
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NewsVeg Capital team launches new £30m impact fund for plant-based start-ups
Sentient Ventures will focus on early growth-stage companies developing the best plant-and fermentation-based products, ingredients and technologies to replace animal products.
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NewsMedia Bites 7 July: GlaxoSmithKline, Amazon, Unilever
The papers pick up the vote by GlaxoSmithKline shareholders to approve the separation of its consumer healthcare business, alongside a host of different Amazon stories.
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NewsBleiker’s Smokehouse brand saved by US fish company Seriously
The company is currently carrying out maintance so production can restart in a few weeks’ time
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NewsJollyes continues acquisition spree as it aims for £100m turnover
Nationwide pet store retailer Jollyes has bolstered ambitions to reach sales of £100m with the acquisition of Penparc Pet Centres.