Finance news – Page 139
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NewsMedia Bites 18 November: Supply shortages, M&S, inflation
Greggs is struggling to keep its hot shelves stocked with vegan sausage rolls and bean and cheese melts amid lingering supply chain turmoil.
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NewsCity Snapshot: Naked Wines shares sink as it warns of lower sales as customers return to bars and restaurants
Online wine retailer Naked Wines has warned sales for the year will be lower than forecast as consumers returned to bars and restaurants and drank less at home. Plus, Finsbury Food Group and Eagle Eye both issue trading statements ahead of AGMs.
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NewsMedia Bites 17 November: Premier Foods, Diageo, Imperial Brands, Yo! Sushi
The papers take a closer look at Premier Foods’ plans to push Mr Kipling in the US, alongside of new ambitions for Diageo and results at Imperial Brands.
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NewsCity Snapshot: McColl’s warns profits to miss forecasts as supply chain disruption intensifies
Embattled convenience group McColl’s has warned its profits will be even lower than expected this year after supply chain issues intensified in the fourth quarter. Plus, UK inflation rises sharply to highest rate in almost a decade.
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NewsDiageo rolls out ambitious growth plans to capture a bigger share of drinks market
Shares in the group soared 3% higher when markets in London opened this morning as investors reacted to the news, with the stock hitting record highs of 3,935p
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NewsOnline grocery sales in decline as Brits get out to shop for Christmas
In-store visits at UK supermarkets increased 6.5% in the four weeks to 6 November, according to the latest NielsenIQ data
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NewsMedia Bites 16 November: Unilever, Oatly, Heineken, Tesco, Lyre’s
Second round bids for Unilever’s €2bn tea business are due in today, but any buyer - with bidders including PE firms Advent, Carlyle and CVC - would have to decide how to handle sensitive questions of human rights and fair pay on three large plantations owned by the multinational.
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NewsCity Snapshot: Premier Foods suffers declines as shoppers eat out once more
Revenues and profits have fallen at Premier Foods as the group lapped figures from a year ago when demand was elevated during the ongoing lockdown. Plus, the latest NielsenIQ grocery data, full-year results at Imperial Brands, new growth ambitions at Diageo and interim CFO appointment at Domino’s.
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NewsPilgrim’s UK snaps up lamb processor Randall Parker Foods
The pork giant said the acquisition would allow it to bring its exisitng lamb business together as one vertically integrated operation
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NewsOatly shares crash as supply chain challenges lead to revenue warning at plant-based brand
Oatly has warned its growth will not hit the heights expected this year as the group suffered from a number of issues, including the UK HGV driver shortage
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NewsHeineken to move into wine and spirits with €4bn southern African play
The Dutch brewer has unveiled plans to form a €4bn African drinks giant with the takeover of Distell and Namibia Breweries
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NewsCity Snapshot: Ahold Delhaize to spin out Dutch Amazon rival in subsidiary IPO
Supermarket chain Ahold Delhaize has unveiled plans to spin off its €5.5bn Dutch online retail business Bol.com in a subsidiary IPO. Plus, Eagle Eye extends Asda Rewards loyalty programme into more stores.
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NewsMedia Bites 15 November: Boots, Johnson & Johnson, THG, M&S
Speculation is building around a potential sale of Boots, while under pressure THG remains in the spotlight.
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NewsAnother M&S profit forecast hike earns the City’s confidence
Shares in M&S rocketed to two-year highs this week, after the second profit forecast hike of the year helped convince the City of its latest attempt to turn around fortunes
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NewsMowi Scotland profits hit by poor fish health and price deflation
The Scottish arm of Norwegian salmon giant Mowi also saw turnover fall last year
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NewsMedia Bites 12 November: Growth slowdown, WH Smith results, Christmas ads
Economic growth slowed dramatically in the third quarter, new ONS figures show
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NewsCity Snapshot: Hilton becomes the second biggest UK food and drink supplier
Big protein players muscle up supplier rankings with Hilton up to second place behind ABF
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NewsNomadic Dairy acquired by Irish investors in €29m deal
BiaVest will hold 54% of the County Donegal-based producer, while Development Capital have taken the remaining share.
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NewsCity snapshot: WH Smith eyes return to profit after Covid travel disruption drives £116m loss
WH Smith is targeting a return to “meaningful” profit growth and pre-Covid sales levels in its current financial year after suffering a £116m loss due to reduced trade at its growing travel network as a result of the pandemic.
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NewsMedia Bites 11 November: M&S, Walkers, US inflation, JD Wetherspoon
M&S was firmly in focus this morning after it lifted profit forecasts in an upbeat set of half-year results.