Finance news – Page 133
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NewsCity Snapshot: Aldi vows to keep prices low after record-breaking Christmas
Aldi has stepped up a price war against its supermarket rivals with a commitment to offering customers the lowest prices in 2022 after reporting its best-ever Christmas.
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NewsPositive signs for festive retail as Greggs and B&M hike profits expectations
There were positive signs for the retail sector in the first Christmas trading updates of the season on Thursday, after both Greggs and B&M European Value Retail hiked profits expectations after strong festive showings
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NewsPrinces’ sales and profits benefit from Covid demand spike
Tinned food giant Princes has benefited from a spike in demand during the Covid period to grow profits and sales in its 2020/21 financial year
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NewsOmicron saves Christmas for the grocers, with Tesco, Lidl, Aldi and Ocado the standouts
Tesco and the discounters have emerged as the winners in the battle for Christmas sales, according to industry data.
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NewsWilliam Jackson Food Group posts loss following impairment on Belazu brand
The Covid-induced plunge in foodservice sales saw the group revise financial forecasts for Belazu
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NewsInsect petfood maker Aardvark smashes £150k funding goal
The business, started in 2020, has so far raised £230k from more than 340 investors on the Crowdcube platform.
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NewsLily’s Kitchen sales soar 40% in first year of Nestlé ownership
Turnover jumped more than £15m to £55.4m in the 12 months to 31 March 2021.
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NewsRegal Food Products sweetens portfolio with Just Desserts acquisition
Just Desserts specialises in baking a range of more than 130 hand-crafted desserts and cakes, including tarts, cheesecakes and gateaux, for restaurants, cafes, retail outlets and other businesses throughout the foodservice industry
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NewsGousto secures $100m from SoftBank to boost capacity amid soaring demand
Gousto has raised a further $100m in its latest fundraising round, valuing the recipe kit firm at $1.7bn.
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NewsCity Snapshot: C&C Group Christmas trading hit by Omicron
Magners producer and beer and wine distributor C&C Group has warned that its profits could be impacted by a significant downturn in trading in December amid the spread of the Omicron Covid variant
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NewsMedia Bites 7 January: Greggs, inflation, Boots, Gousto, B&M
The papers are full of food and retail news this morning, taking in trading updates at Greggs, Boots and B&M.
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NewsCity snapshot: Greggs’ CEO Whiteside to retire as it upgrades profit guidance
Food to go and bakery giant Greggs has lifted full year earnings expectations despite “tough trading conditions” as it announces the retirement of long-time CEO Roger Whiteside. Plus, upgrades from retailers B&M and Next though Christmas footfall disappoints.
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NewsMedia Bites 6 January: Kantar, Omicron, Majestic Wine
The papers shine a spotlight on the latest Kantar data for the Christmas period.
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NewsFood & drink M&A specialist Stamford Partners snapped up by US investment bank Piper Sandler
The deal will bolster Piper Sandler’s M&A expertise in the food and drink space in the UK and Europe.
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NewsMedia Bites 5 Jan: Iceland, Leisure stocks, Manufacturing
Iceland has revealed that more than one in 10 workers are currently self-isolating as staff shortages take a toll on business
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NewsSupermarkets enjoy bumper Christmas despite Omicron fears
Grocery sales hit £11.7bn in December as shoppers splashed out on luxury items to celebrate Christmas. Plus, Andy Bond stands down as Pepco CEO.
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NewsFood inflation spikes in December with price rises set to pick up speed in 2022
Food inflation hit its highest level since March 2019 in December, with fresh food seeing the largest rate of inflation in almost a decade.
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NewsMedia Bites 4 January: Veganuary, Müller, Boots
All of the news from this morning and the past few days as the new year gets underway.
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NewsCity Snapshot: CBD brand Love Hemp launches Deliveroo trial for on-demand delivery
A Love Hemp virtual store, with the company’s full range of CBD oils, capsules and edibles, is now live on delivery app service.
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NewsMedia Bites 23 December: food shortages, Omicron, BrewDog, Parsley Box, Pret A Manger
Britons are many times more likely to have experienced shortages of food and fuel than people in half a dozen EU member states, according to a poll.