Finance news – Page 132
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NewsCity rewards Sainsbury’s over the big winners of Christmas Tesco and M&S
If Tesco and Marks & Spencer were the big listed grocery winners of Christmas, they received scant reward from the City this week, which sent shares down on their Christmas trading updates
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NewsCook My Grub kicks off £1.5m funding drive to fuel ten-fold growth in customers
The food delivery marketplace is seeking to raise the cash through a combination of VC, high net-worth individuals and private and angel investors.
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NewsCity Snapshot: Arora family sells £234m stake in B&M
SSA Investments, the investment vehicle of the Arora family, has sold reduced its shareholding in B&M Bargains owner BME European Value Retail from 11% to 7% after placing £234m of shares last night. Plus, McColl’s CCO heads to Sainsbury’s and all the rest of the latest news from the City.
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NewsMedia Bites 14 January: Tesco, M&S, Caffè Nero, Ocado
Christmas results from Tesco and M&S get blanket coverage in this morning’s papers.
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NewsFruit lager Jubel seals £2.7m funding to back growth
Magners producer C&C Group, which already owns a minority stake in the brand, provided follow-on funding.
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NewsBramble Foods undergoes MBO backed by private equity firm LDC
The minority investment from the PE firm will help accelerate organic growth and build scale through bolt-on acquisitions.
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NewsTesco promises collaborative fight with suppliers against inflation
CEO Ken Murphy said Tesco’s suppliers had “stepped up magnificently” to the challenges of the pandemic
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NewsCity Snapshot: Tesco hikes profit forecast after market share hits four-year high
Tesco has upgraded its profit expectations after strong growth in its third quarter and over Christmas. Plus, M&S posts bumper festive grocery growth, trading updates from Hilton Food Group, and Finsbury Food Group and all the rest of the latest news from the City
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NewsMedia Bites 13 January: Sainsbury’s, Pret a Manger, Unilever, Beyond Meat
A busy morning in the papers takes a deep dive into the Sainsbury’s Christmas trading figures, as well as stories on Pret, Unilever and Beyond Meat.
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NewsSamworth Brothers appoints Brakes CEO as new boss to replace outgoing Flor Healy
Hugo Mahoney is to take over the reins from Flor Healy, who is retiring from the top role at the Ginster and Soreen supplier.
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NewsBerry Bros & Rudd sees Christmas sales fizz as drinkers celebrate at home
The fine wine merchant saw a further increase in sales over the festive period on top of a bumper 2020, with sales up a third on pre-pandemic levels
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NewsTonic Health smashes £200k crowd goal as it eyes growth in US
Tonic has so far raised £316k from almost 200 investors on the Seedrs platform and continues to overfund from its £200k target.
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NewsMedia Bites 12 Jan: Unilever, Boots, Lidl
Unilever has ’lost the plot’, according to one of its top ten shareholders who has accused the group of being obsessed with burnishing its sustainability credentials
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NewsCity Snapshot: Sainsbury’s lifts profit forecasts despite Christmas sales slump
Sainsbury’s has lifted its profit guidance for the year despite a fall in sales over the key Christmas trading period. Plus, Just Eat Takeaway misses full-year growth target, and Vimto maker Nichols issues full-year trading update.
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NewsSymington’s appoints joint CEOs as David Cox departs following Newlat takeover
Cox has been replaced by sales director Christian Boulter and finance director Henry Breese, who will take on the role of joint CEO
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NewsTiba Tempeh scores £500k seed funding to accelerate plant-based growth
Plant-based start-up Tiba Tempeh has closed a £500k seed funding round as it prepares to expand its distribution into the major supermarkets and overseas
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NewsCity snapshot: Lidl claims crown as the UK’s fastest growing bricks and mortar retailer over Christmas
Lidl GB posted annual sales growth of 2.6% over the Christmas period, claiming its festive performance places it as the country’s fastest growing bricks and mortar retailer for the second year running
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NewsMedia Bites 11 January: Aldi, Xmas retail sales, Wilko, THG
The papers focus on Aldi’s Christmas results, alongside continuing woes for THG and store closures at Wilko.
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NewsTesco offers 20 million Clubcard holders new payment method
The Tesco Clubcard Pay+ will be expanded follow a limited trial among staff and 45,000 shoppers last year.
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NewsMedia Bites 10 Jan: THG, M&S, Morrisons
THG has handed a dossier of data to the City regulator that chief executive Matt Moulding hopes will prove that hedge funds and stockbrokers colluded to drive down the online retailer’s share price