Finance news – Page 118
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NewsCentral England Co-op food sales dip 3.4% to £667.6m
Sales of local goods increased by 23% over the past year
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NewsCity snapshot: Simon Arora to step down as CEO of B&M
B&M Bargains owner B&M European Value Retail has announced this morning that Simon Arora will retire as CEO next year after 17 years leading the business. Plus, ONS Retail sales, GfK consumer confidence and Pepco appoints Trevor Masters as CEO.
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NewsMedia Bites 22 April: Nestlé, EG Group, Boots, THG, Poundland, Carlsberg, AB InBev, Oatly
The papers are packed with food and drink news this morning as Nestlé warns of more price rises, consumer confidence plunges, THG reveals it has become a takeover target, fears that a sale of Boots may be stalling and more…
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NewsCity snapshot: Nestlé warns of further price increases as inflation boosts growth
The world’s largest food group Nestlé has warned of further price increases on top of its existing 5%-plus price hikes amid a “sharp” rise in costs. Plus, THG rejects ‘numours’ offers as it posts strong growth, but losses of £130m.
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NewsMedia Bites 21 April: Just Eat Takeaway, P&G, Heineken
The papers put the spotlight on Just Eat Takeaway’s decision to offload Grubhub.
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NewsP&G upgrades growth forecast but higher costs weigh on earnings
The US consumer giant has hiked its full-year growth expectations after posting double-digit organic growth in the first three months of 2022, but also warned it is facing higher costs
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NewsHeura smashes €1m crowdfunding target as thousands invest in plant-based brand
Its second ‘Equity for Good Rebels’ campaign on the Crowdcube platform saw the Spanish-headquartered business reach its €1m goal in just 30 minutes.
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NewsDanone shares soar as rumours of Lactalis takeover talk emerge
Danone shares have surged more than 8% today as speculation emerged that fellow French dairy giant Lactalis is exploring a surprise takeover of its larger rival.
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NewsDrty Drinks plans retail expansion after securing six-figure funding package
Founded in 2019 by Matija Pisk and Oli Clements, Drty makes carb-free hard seltzer in a range of natural fruit flavours, with listings in Waitrose, Asda, Ocado and BP forecourts.
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NewsMedia Bites 20 April: SSP Group, WH Smith, Asda
SSP Group was a major faller yesterday as an investment bank warned the industry could be hit by surging inflation
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NewsCity Snapshot: Heineken sales surge as pubs reopen but cost pressures remain
Beers sales at Heineken have rocketed in the first quarter as pubs reopened across Europe and Asia and the Dutch brewer hiked prices. Plus, full-year trading updates for Naked Wines and Real Good Food; and first-quarter figures from Danone and Just Eat Takeaway.
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NewsFentimans ‘optimistic’ for its growth despite cost pressures
Revenues at the business soared by 23% to £39.9m – with gross sales before promotions up 20% to £44m – in the year ended 31 December 2021, as the brand’s popularity grew in supermarkets and out-of-home began to recover.
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NewsMedia Bites 19 April: Asda, inflation, Ocado, THG
There is plenty of retail news to catch up from in the papers over the Easter weekend.
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NewsCity snapshot: Cake Box sales jump 50% on new openings and Covid rebound
Cake retailer Cake Box Holdings has posted growth of 50% in the year ending 31 March as store openings and the ending of Covid restrictions boosted sales
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NewsProperty sell off takes Asda profits past £1bn
Asda’s statutory profits topped £1bn last year, according to newly filed accounts, as the group benefited from a one-off gain of almost £400m on property sales
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NewsTesco boasts strong trading but cautious outlook spooks the City
Tesco’s annual results were a tale of contrasting narratives, with stronger than expected trading last year being overwhelmed by a cautious outlook amid soaring inflation and intensifying competition
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NewsConsumer fears growing over Ukraine impact on food prices
Some 71% of British consumers believe the conflict will affect their household finances
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NewsCity snapshot: Virgin Media O2 exec joins Sainsbury’s board
Virgin Media O2 MD of business and wholesale Jo Bertram will join Sainsbury’s board as a non-exec director amid the departure of senior independent director Dame Susan Rice
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NewsMedia Bites 14 April: Tesco, inflation, PZ Cussons, Boots, Reckitt Benckiser
Tesco’s latest results and the issues facing the industry by soaring inflation dominate the papers this morning.
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NewsTesco profits soar but supermarket warns over battle to keep prices low as inflation rages
Profits at Tesco have soared £1.4bn higher as sales increased over the past year, but it warned the bottom line would come under pressure in 2022