Finance news – Page 109
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NewsCity snapshot: Jubilee celebrations boost grocery sales but inflation hits volumes
Total Till grocery sales at UK supermarkets continued to improve in June, but sales volumes decreased despite the overall increase due to inflation and the rising cost of living
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NewsMedia Bites 28 June: National Lottery, FSA, PZ Cussons
Camelot has warned that players have “tightened their belts” in the face of soaring living costs.
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NewsAfrican Originals beats crowdfunding target as its launches craft ciders in UK
Drinks start-up African Originals, which launched in the UK this month, has beaten a £600k crowdfunding target to back the next stage of growth at the craft producer.
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NewsThistle Seafoods nets Dawnfresh factory in administration deal
Thistle plans to develop the 100,000 sq ft site in Uddingston in South Lanarkshire into an advanced added-value seafood processing and distribution centre for retail and wholesale customers in the UK and overseas.
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NewsCity Snapshot: Higher prices provide boost to PZ Cussons sales
Personal care group PZ Cussons has continued to make progress in its turnaround as its new strategy. Plus, full-year results from Cake Box and the latest innovation from Parsley Box.
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NewsMedia Bites 27 June: Sainsbury’s, Unilever, Patisserie Valerie
The Queen’s bank, Coutts & Co, and the Coal Pensions Board have joined a group of investors backing a resolution calling for Sainsbury’s to pay the living wage to all staff
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NewsNaked Wines shares plummet on gloomy outlook
Online booze specialist Naked Wines lost over 40% of its value on Thursday despite solid annual results, as its gloomy outlook spooked the City
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NewsCity snapshot: UK retail sales fall as consumers cut back on groceries
Retail sales volumes fell back in May following a brief uptick in April as lower grocery sales hit overall sales volumes
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NewsMedia Bites 24 June: Juul, recession, Naked Wines
US regulators have banned Juul Labs from selling its e-cigarette products in the country, while the papers also report of the looming threat of a recession in the UK and a 40% plunge in the share price of Naked Wines.
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NewsThe Vegan Kind appoints fresh CEO as new owners take over from founders
The Vegan Kind launched as a subscription delivery box service in 2013 before expanding to a full retail offer in 2016 New owners have taken control of The Vegan Kind and instated a new boss in a bid to spur on its next stage of growth. Investment ...
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NewsCity snapshot: Naked Wines moves back into profit as it cuts marketing spend
Naked Wines has posted revenue growth a move back into profitability despite inflationary challenges as it cut investment in new customer acquisition.
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NewsMedia Bites 23 June: Mars, Boots, inflation, Unilever
Mars has announced its chief executive Grant Reid is to step down after eight years with the group.
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NewsBooths launches startup accelerator for food and drink brands
The Booths Accelerator will offer the winning company a tailored 12-month programme that will include financial funding as well as business expertise
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NewsHonestly Tasty to take vegan cheese mainstream with backing from Veg Capital
Honestly Tasty will put the funds to work to accelerate its NPD pipeline, which includes a cultured hard cheddar that melts like the real thing, alongside stilton, feta and Wensleydale alternatives.
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NewsMedia Bites 22 June: Kellogg, Ocado, Supermarket sales
Kellogg, the American food group behind Rice Krispies and Pringles, will become the latest US heavyweight to break itself up in an attempt to boost growth
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NewsCity Snapshot: Soaring food prices drive up UK inflation rate in May
Rising food and drink prices were the biggest driver of an uptick in inflation last month, according to new figures this morning. Plus, Carslberg CFO resigns and Unilever appoints Royal FrieslandCampina CEO as a non-exec.
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NewsKellogg’s announces radical overhaul with three-way split of global business
Kellogg’s is set to split itself into three separate companies as part of a radical overhaul and a focus on snacking to drive growth at the group
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NewsOcado taps investors for £578m to boost global tech rollout
Ocado has raised £578m via a discounted share placement to boost the rollout of its technology amid the global shift to online grocery.
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NewsThe Kay Group sees sales soar 25.3% thanks to convenience offer
Resultsposted on Companies House show sales hit £144.9m for the year to 31 October 2021
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NewsMondelez International expands healthier snacking portfolio with $2.9bn Clif takeover
The deal expands the Cadbury owner’s snack bar business to more than $1bn following previous complementary takeovers of performance nutrition brand Grenade in the UK and refrigerated snacking player Perfect Snacks in the US.