Finance news – Page 145
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NewsMedia Bites 21 Aug: Wilko, Retail sales, Business rates
The boss of one of Britain’s biggest unions said there were “genuine grounds for hope” over the future of Wilko
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NewsEnough secures €40m to produce cheaper meat-free products
The sustainable meat-free ingredients group has raised the funding to boost capacity at its factory
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NewsM&S shares soar on news of market share growth
Marks & Spencer shares surged to a near four-year highs as its turnaround received a further boost this week
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NewsJamie Oliver's food empire sees strong sales rebound
Jamie Oliver’s food empire saw a strong rebound in sales and profits last year as it prepares to re-enter the UK restaurant space
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NewsEx-Warburtons boss Neil Campbell joins Hain Celestial board
Former Warburtons boss Neil Campbell has joined the board of US food giant Hain Celestial
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NewsAdministrators going over bids for collapsed Wilko
The outcome of the process is set to be decided within days, as 12,000 employees wait to learn if they face redundancy
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NewsMedia Bites 18 August: ‘Greedflation’, food waste, Wilko
Official ONS figures show profitability at UK non-financial companies is lower than pre-pandemic levels
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NewsCity snapshot: Wet weather dampens UK retail sales in July
UK retail sales fell back last month as wet weather and persistent inflation hit sales volumes
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NewsFirst Milk sees sales rise by almost 40% in year of ‘profitable growth’
The dairy co-op hailed the ‘resilience’ of the business as it posted operating profits of £5.1m in its 2022/23 financial year
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NewsCity snapshot: Tyson Foods reportedly eyes China poultry exit
US meat giant Tyson Foods is reportedly exploring plans to sell off its China poultry business in the latest case of a multinational fmcg firm looking to sell key assets in the country
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NewsMedia Bites 17 August: Carlsberg, Wilko, Aldi
Carlsberg chief executive Cees ’t Hart said the brewer was “shocked” at the seizure of its Russian subsidiary by the Kremlin last month.
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NewsRegal Food Products creates one-stop shop with acquisition of Packaging ‘R’ Us
World food producer Regal Food Products has expanded into the non-food space with the acquisition of disposable packaging business Packaging ‘R’ Us
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NewsEG Group sells 63 US convenience stores to pay down debt
EG Group has agreed to sell 63 convenience stores to US convenience operator Casey’s to reduce its debt pile
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NewsKraft Heinz names Carlos Abrams-Rivera as CEO
The US food giant has announced current North American chief Carlos Abrams-Rivera will become its new CEO
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NewsHarrods hails ‘year of recovery’ after strong results
Harrods had outperformed the wider market due to its long-standing relationship with brands and customers, said CFO Tim Parker
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NewsMedia Bites 16 Aug: M&S, Asda, supermarket inflation
Marks and Spencer is on track to re-enter the FTSE 100 after the UK retailer upgraded its annual profit outlook thanks to robust sales
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NewsCity snapshot: Food price inflation register sharp slowdown in July
A sharp slowdown in soaring food and drink prices helped drive inflation down to a 17-month low in July, according to new government data. Plus, Glanbia appoints a new CEO after Siobhán Talbot retires and also reports first-half results, and Carlsberg raises profit guidance
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NewsAsda sales up 9.6% year on year as Just Essentials range drives growth
Sales were up 9.6% year on year, including a 14.7% increase in own brand sales
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NewsFrozen cocktail brand Wavey Ice hits £450k crowdfunding goal
The brand said it was forecasting sales to exceed £1.1m this year, based on its year-to-date figures
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NewsCity snapshot: Easing inflation drives grocery sales growth slowdown
UK grocery sales growth fell back sharply in July as price inflation continues to ease, according to the latest market share figures from Kantar