Finance news – Page 135
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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
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NewsCity Snapshot: Inflation soars to ten-year high as food and petrol prices climb higher
Inflation has continued to surge higher in November as record fuel prices, soaring energy costs and increased food prices ramped up the cost of living for families ahead of Christmas.
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NewsBlack Bee Honey generates buzz as crowdfunding campaign more than doubles target
Black Bee Honey has more than doubled a crowdfunding target as it seeks to expand and support newly won retail listings.
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NewsCity snapshot: Ocado sales dented by labour shortage
Ocado sales fell back 4% in its fourth quarter as labour shortages, temporary capacity contrants and the normalisation of consumer shopping behaviour dented the online supermarket’s growth. Plus, store growth boosts Pepco’s profits and grocery sales fall back in November.
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NewsMedia Bites 14 December: Fuel prices, supply chain, Omicron, Ocado
A senior Tesco executive reportedly told City analysts that retailers are making better profit margins on fuel sales after Asda’s takeover by the Issa brothers.
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NewsHolland & Barrett branches out to in-home beauty treatments with Blow takeover
Holland & Barrett has expanded into on-demand at-home beauty services thanks to its acquisition of Blow
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NewsAlcohol-free beer startup Days secures £1m investment to fund expansion
An ‘increased focus on health and wellness’ among consumers was set to transform the alcohol-free beer space, said Days
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NewsCity Snapshot: Boots explores sale of Aromatherapy Associates
Boots is set to sound out potential buyers for Aromatherapy Associates, according to reports. Plus, CBD brand Love Hemp reports boost in annual revenues.
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NewsMedia Bites 13 Dec: M&S/Ocado, Boots, Plan B/Omicron
Whether M&S should buy Ocado, the sale of Boots and the effects of new governmnet Covid restrictions are all in the news
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NewsCity News: Investors stick with SSP Group despite Omicron wobble
The Omicron Covid variant may have wobbled travel food retailer SSP Group’s ongoing recovery, but investors remained unshaken this week by a second £400m loss and the threat of further travel disruption
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NewsMoma eyes massive hike in sales following AG Barr takeover
Founder and CEO Tom Mercer set out ambitions to “at least” triple revenues for the business in the next three years
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NewsSupermarkets ‘harder than ever’ to deal with report challenger brands
Buyers are increasingly shutting down conversations with smaller suppliers about passing on soaring costs
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NewsRetailers warned over soaring supplier cost hikes
Ged Futter of The Retail Mind said prices in supermarkets are set to take off after Christmas
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NewsStraight & Narrow raises £180k to launch 0% range ahead of Dry January
The business, which attracted 120 investors on the Seedrs platform, will first bring six 70cl drinks to market, priced at £15 a bottle, with a further seven to follow.
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NewsKarmacist secures £700k to bring world’s first nutrigenomics wellness supplement to market
Supplements producer Karmacist has raised £700,000 in a pre-seed round backed by former John Lewis Partnership chairman Charlie Mayfield.
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NewsCity snapshot: Hilton agrees €90m deal for Dutch salmon producer Foppen
Hilton Food Group is making its first foray into North America with acquisition of international smoked salmon producer Dutch Seafood Company, trading as Foppen. Plus ABF issues trading update ahead of AGM.
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NewsMedia Bites 10 December: Plan B, gig economy, avian flu, Spam
The papers continue to focus on the fallout from the introduction of the government’s Plan B to tackle to Omicron variant.
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NewsKavli sells St Helen’s Farm goats’ milk brand back to founders
The sale follows the implicaiton of the brand in an animal welfare scandal last year
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NewsCity snapshot: Packaging demand boosts sales and profits at DS Smith
FTSE 100 packaging player DS Smith grew revenues and profits at a double-digit rate in the first half of its financial year driven by strong demand from the ’resilient’ fmcg sector.