Finance news – Page 144
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NewsAllplants eyes global growth following ‘record-breaking’ funding round
Plant-based meal delivery service Allplants has secured a third record-breaking funding round to help the business keep up with booming customer demand for vegan products.
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News‘Not a great day’ for THG as investor confidence collapses
THG shares were already on a starkly bearish run, having dropped from 685p in early September to 456p at the start of the week
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NewsSt Pierre Groupe sees growth in UK rocket
UK growth at St Pierre Groupe continues to accelerate, outpacing its success in the US, as a raft of new listings continue to bear fruit
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NewsAt-home cooking boom drives soaring sales and profits at Filippo Berio
New accounts state Covid had a ‘significant positive impact’ on the business
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NewsCity snapshot: Compass Group makes global net zero commitment
Catering giant Compass Group has announced a new commitment to reach net zero greenhouse gas emissions across its global operations and supply chain by 2050
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NewsMedia Bites 15 Oct: THG, Domino’s Pizza, Boots
Crisis-hit THG needs an ‘independent and credible voice’ in the boardroom to restore investor trust
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NewsHighland Spring: logistics crisis slowing recovery from Covid
Bottled water brand Highland Spring has blamed the logistics crisis for inhibiting its sales rebound from a Covid-depressed 2020
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NewsTapp’d drinks to crowdfunding success
Handcrafted ready-to-drink brand Tapp’d Cocktails has beaten a £200k crowdfunding target as it gets set to expand its reach with a nationwide supermarket listing.
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NewsCity snapshot: Store openings drive sales increase for Poundland owner Pepco Group
Poundland owner Pepco Group has grown its full year revenues by almost 20% as significant store expansion and like-for-like sales growth despite the Covid pandemic boosted performance. Plus, boar shake-up at British Honey Co and VAT changes hit growth at Domino’s.
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NewsMedia Bites 14 October: GSK, supply chain crisis, THG, Just Eat Takeaway
Private equity groups are plotting a swoop on the consumer arm of Glaxosmithkline in what could be the biggest takeover by the buyout industry in history.
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NewsMedia Bites 13 Oct: THG, Glaxosmithkline, Retail sales
A key investor presentation intended to soothe City jitters over The Hut Group backfired spectacularly yesterday when it was followed by a barrage of sell orders and £1.9bn was wiped from the company’s value
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NewsBird & Blend brews up expansion plans after raising £1m from the crowd
Bird & Blend Tea Co has raised more than £1m after closing its crowdfunding campaign, beating its target by £700,000
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NewsCity Snapshot: Just Eat continues to thrive as world returns to normal
Growth at Just Eat Takeaway has remained “strong” in the third quarter despite large parts of the world retunring to pre-pandemic life. Plus, THG comments on yesterday’s dramatic 35% share price fall; Nestle changes its geographic zone structure; and Kerry Group kicks off its virtual capital markets day.
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NewsKP Snacks grows sales and profits despite Covid hit
McCoy’s and Tyrrells producer KP Snacks overcame the collapse in out-of-home snacking to grow revenues and hike profits last year
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NewsAKT raises £1.5m to grow natural deodorant brand across Europe
The London-based start-up will also use the money to enhance its subscriptions, alongside its loyalty initiatives and ecommerce experiences.
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NewsGrocery sales drop as fuel crisis leads to fewer store visits
Take-home grocery sales fell by 1.2% over the 12 weeks to 3 October 2021, according to the latest figures from Kantar as the petrol crisis limited instore shopper numbers
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NewsCity snapshot: UK retail sales falter as fuel crisis hits confidence
UK retail sales rose by their slowest rate since the UK was in lockdown in January as fuel shortages and wet weather hit consumer purchasing
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NewsMedia Bites 12 October: CO2, inflation, beef exports, John Lewis
The aftershocks of the CO2 crisis continues to make headlines, alongside the rising cost of food heading into Christmas.
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NewsCanada’s High Tide enters UK’s CBD market with Blessed acquisition
Canada-based Hide Tide has acquired Scottish online CBD retailer Blessed as it looks to build its e-commerce presence in the UK and Europe.
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NewsCity Snapshot: Treatt sales boom post-lockdown
Drinks ingredients firm Treatt has reported a strong finish to the financial year as it benefitted from the ongoing trend for healthy living. Plus, Asos CEO Nick Beighton steps down.