Finance news – Page 123
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NewsFoodHak secures seven-figure backing to take on meal kit market
Entrepreneur Sakshi Chhabra Mittal – a member of the Indian billionaire family dynasty – launched the London-based business at the start of the year.
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NewsJC Rook & Sons falls into administration with 155 redundancies
Butchers chain JC Rook and Sons has ceased trading after the Omicron surge at the end of 2021 hampered the peak Christmas period.
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NewsCity snapshot: Camelot set to lose lottery licence as Gambling Commission picks Czech player Allwyn
Camelot is set to lose its licence to run the National Lottery for the first time since its launch in 1994. Plus, Imperial Brands in discussions to dispose of Russian business, Ocado signs Polish supply deal with Auchan, Virgin Wines interims and the rest of the latest news from the City
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NewsMedia Bites 15 March: Wilko, National Lottery, Ukraine/Russia, inflation
UK homeware retailer Wilko has apologised after issuing guidance to staff in England telling them they should attend work even if they are Covid-positive, as concerns grow over a fresh wave of hospital admissions.
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NewsSmall Beer to ramp up brewing capacity as demand for low & no booms
Small Beers has pulled in more than double its £300k target in a new crowdfunding campaign as backers flocked to invest in the fast-growing low ABV craft brand.
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NewsSkinny Tonic owner Happy Drinks Co smashes £5m crowdfunding round
Happy Drinks Co has smashed a £5m crowdfunding target to expand the reach of its collection of ‘healthier’ drinks.
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NewsCity Snapshot: Cake Box strengthens exec team in bid to move past audit issues
Bakery chain Cake Box has brought in new blood to its board and management team as it looks to move past governance and audit problems, with co-founder Pardip Dass stepping down as CFO after more than ten years in the role.
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NewsMedia Bites 14 March: Inflation/Food shortages, Morrisons, Ocado
A leading food industry boss has warned that prices will spike by as much as 15% as a result of the war in Ukraine
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NewsCity News: Greggs reports record sales but looming price rises spook investors
The tills started ringing once again last year at food-to-go stalwart Greggs, but investors wary of soaring inflation
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NewsMorrisons CFO Michael Gleeson to leave following CD&R takeover
Gleeson joined the company in 2014 as group financial controller
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NewsCity snapshot: Parsley Box raises £5.9m after share price collapse
Baby boomer meals specialist Parsley Box has raised £5.9m through a new share placing to boost growth, with a further £1.1m targeted through an open offer after its share price has collapsed
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NewsMedia Bites 11 March: John Lewis Partnership, Marks & Spencer, Inflation
John Lewis has restored its partnership bonus and awarded staff 3% of their salary after headline profits recovered
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NewsCMA lifts enforcement order on Freshways-Medina merger
The CMA started investigating the long-awaited merger of the two mid-market processors last summer
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NewsFormer Metcalfe’s CEO launches investment firm to grow UK brands in the US
It plans to acquire a string of healthier fmcg brands in the UK and scale them across the Atlantic.
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NewsCity snapshot: John Lewis restores staff bonus on profits rebound
The John Lewis Partnership has restored its staff bonus as a strong rebound in sales at both John Lewis and Waitrose boosted profits.
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NewsMedia Bites 10 March: Russia/Ukraine, cost-of-living crisis, Unilever
The main focus in the papers today is the ongoing exodus of Western brands from Russia, with those refusing to stop operations facing increasing pressure.
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NewsOatly losses balloon as it puts growth ahead of profits
Losses at plant-based milk brand Oatly have ballooned as costs spiralled, inflation squeezed margins and it ploughed more money into growing production capacity to meet rising demand.
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NewsLindt suspends Russian business – as it heralds ‘remarkable’ UK growth
Swiss chocolatier Lindt & Sprüngli has bounced back from the pandemic with double-digit growth last year
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NewsLittle Moons sells stake to US PE firm L Catterton
The terms of the deal for the significant minority shareholding were not disclosed but are understood to value the business at much higher than £100m, according to sources in the City
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NewsMedia Bites 9 March: Danone, Russian corporate exodus, Greggs
Danone’s chief executive has defended continuing to operate in Russia despite a western corporate exodus