Finance news – Page 134
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NewsMedia Bites 22 December: Omicron, THG, Aldi, McDonald’s
Omicron continued to dominate the headlines this morning as Rishi Sunak succumbed to pressure from business leaders and announced more than £1bn in support for companies across the UK hit hardest by the pre-Christmas surge.
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NewsCity Snapshot: Parsley Box hires former John Lewis exec as managing director
DTC meal delivery firm Parsley Box has created a managing director role to free up CEO Kevin Dorren to focus on strategic growth opportunities. Plus, General Mills warns of significant input cost inflation and elevated costs related to supply chain disruptions in Q2.
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NewsFarmdrop staff weigh up legal action following collapse
Staff at failed online grocer Farmdrop are considering taking legal action against the company amid allegations it failed to properly consult employees during the redundancy process
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NewsCity Snapshot: Naked Wine expands distribution footprint in the US
Naked Wines has increased its distribution across the US with the addition of the state of Alabama to its footprint in the country.
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NewsMedia Bites 21 December: Omicron, McVitie’s, GSK, BrewDog
Fears of renewed restrictions caused by the Omicron variant occupy the papers this morning.
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NewsCamden Town Brewery losses rise despite supermarket sales increase
Volumes in the off-trade almost doubled in the year ended 31 December 2020. However, these sales were not enough to offset the lost trade at pubs, restaurants and other foodservice venues.
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NewsMedia Bites 20 Dec: Dave Lewis/GSK, M&S, Farmdrop
Sir Dave Lewis, the former Tesco chief, will this week be appointed to lead the £40bn separation of GlaxoSmithKline’s consumer healthcare arm
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NewsEx-Tesco boss Dave Lewis to lead GlaxoSmithKline £40bn consumer arm spin-out
GSK confirmed Lewis would take up the role of non-executive chairman designate of the new consumer healthcare company from 1 January 2022.
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NewsYeo Valley profits rise as demand for health-focused yoghurt soars
Newly filed accounts for Yeo Valley Production for the year to 30 May 2021 showed sales were up 5% to £265m
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NewsCity News: Mixed news from Ocado as growth falls below expectations
Ocado initially surged to the top of the FTSE 100 risers on Wednesday as news broke of a legal ruling in its favour against Norway’s AutoStore
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NewsOnline grocer Farmdrop cancels Christmas deliveries as it falls into administration
Online grocer Farmdrop has ceased trading after failing to secure the funding needed for its survival, The Grocer has learned
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NewsNurture Brands to acquire premium coconut water Jax Coco
The deal would help Nurture Brands accelerate its business growth and offer an ‘exciting springboard into Asia’, it said
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NewsCity snapshot: Black Friday drives retail recovery in non-food
Retail sales volumes bounced back strongly in November as growth in non-food saw the sector 7.2% higher than pre-Covid levels.
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NewsMedia Bites 17 December: petrol, Just Eat Takeaway, exports, McDonald’s
The difference between the price of petrol at supermarkets and the UK average has fallen to its lowest level in five years, highlighting how competition in the industry has lessened, according to an analysis by the AA.
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NewsUK food and drink exports plunge 15.9% in 2021 as trade barriers and Covid hit
UK food and drink exports have dropped by £2.7bn in the first three quarters of 2021 compared with pre-pandemic levels due to a plunge in sales into the EU.
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NewsLilk secures six-figure backing from Giles Brook-led round
Award-winning alternative dairy drinks start-up Lilk has scored a six-figure investment to help launch its range in the supermarkets in 2022.
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NewsCity snapshot: McBride widens loss forecast on input costs spike
Private label household goods manufacturer McBride has downgraded earnings expectations due to ’very significant’ inflationary pressures outpacing its price increases. Plus, Domino’s Pizza Group strikes new franchisee agreement and M&S agrees new green funding package.
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NewsMedia Bites 16 December: Omicron, beef, M&S
Business leaders have called on the government to move quickly to restore confidence amid the rapid spread of Omicron and fears that a large number of workers will call in sick, creating further disruption to supply chains.
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NewsJBS pivots to parma ham and prosciutto after snapping up Italian producer
The Moy Park and Pilgrim’s Pride owner’s latest acquisitions give it a foothold in high-end pork
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NewsMedia Bites 15 Dec: Ocado, Tesco, Inflation
Shares in Ocado rose after a legal victory in the US over patents for its robots, but poor sales took the sparkle off