Finance news – Page 169
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NewsMedia Bites 20 April: Coca-Cola, Tesco, Oatly
Coca-Cola’s sales rebounded in the first three months of the year as accelerating Covid-19 vaccinations and a rollback in restrictions on restaurants and bars renewed demand for its fizzy drinks.
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NewsCoca-Cola revenues boosted by vaccine rollout and economic reopening
Coca-Cola has posted a 5% rise in first quarter net revenues as its performance improved in key markets where vaccine availability increased and economies are opening up
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NewsBooker sales surge despite Covid catering impact
The wholesale giant enjoyed a 18.5% jump in retail sales as more shoppers turned to convenience stores during the crisis
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NewsCity snapshot: EG Group swoop for Leon
Petrol forecourt giant EG Group has swooped for restaurant chain Leon as it seeks to grow its non-fuel offering and expand the foodservice operation into healthy fast food. Plus, C&C subsidiary Matthew Clark Bibendum hit by cyber-security incident.
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NewsMedia Bites 19 April: EG Group/Leon, Yo! Sushi, Poundland
The billionaire brothers behind the petrol station business EG Group have snapped up the fast food chain Leon Restaurants for £100m
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NewsCity News: Deliveroo woes grow as shares fall again
Deliveroo posted record first quarter numbers in its first update as a listed company, but investor concerns remain about a 2021 slowdown
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NewsCBD platform Alphagreen raises £1m-plus before funding push goes public
E-commerce startup Alphagreen will kick off a public crowdfunding campaign next week
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NewsGail’s owner Bread Holdings benefits from quality demand
Shopper demand for better-quality bread in supermarkets during lockdown has helped the premium bakery group behind Gail’s offset some of the sales losses incurred in the pandemic
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NewsBuyout funds eyeing ‘undervalued’ UK supermarkets
Global buyout funds are eyeing the opportunity to take more UK supermarkets back into private hands after Covid left the major grocers undervalued
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NewsScotmid Co-op results reveal sales up 6.2% to £409m
Society’s trading profts increased by 14.3% to £6.4m
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NewsAsda appoints John Fallon as new CFO ahead of Issa brothers takeover
Fallon will replace Rob McWilliam who is returning to a portfolio career
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NewsCity snapshot: Ocado invests in AI firm Oxbotica to develop vehicle fleet
Ocado has announced a partnership, including a £10m investment, with Oxford based autonomous vehicle software company Oxbotica to develop a range of vehicles
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NewsMedia Bites 16 April: Deliveroo, Naked Wines, THG
The boss of Deliveroo has conceded that the company will have to work hard to prove itself to the stock market after the slump in its shares
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NewsDiageo expands RTD portfolio with Loyal 9 deal
Launched in 2018 in Rhode Island, Loyal 9’s vodka-based RTD canned cocktails are produced with 100% real fruit and use a lemonade base.
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NewsEast London Liquor Co in £750k crowd push as it looks to expand in supermarkets
The London-based distiller, which already has supermarket listings with Waitrose, Tesco and Co-op, aims to expand off-channel exposure for its range of spirits, ready-to-drink canned cocktails and hard seltzers.
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NewsCity snapshot: Deliveroo orders soar in first quarter ahead of 2021 slowdown
Newly listed Deliveroo has posted a 130% jump in first quarter turnover, but the delivery giant pointed to dramatic slowdown for the rest of the year. Plus Naked Wines’ sales soar on US growth and THG posts £482m loss despite strong growth.
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NewsMedia Bites 15 April: Tesco, Asda, Deliveroo, pubs
The first annual results delivered by new CEO Ken Murphy gets blanket coverage in the papers this morning.
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NewsWild Nutrition supplements bags investment from Piper
Founded in 2013 by husband-and-wife team Henrietta and Charlie Norton, the business’ supplements are ethically and sustainably formulated by an in-house team using fully traceable ingredients.
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NewsKen Murphy: Tesco in ‘no hurry’ to end social distancing
Tesco predicted it would face at least another £200m of pandemic costs in the current financial year
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NewsDeliveroo riders miss IPO bonus because of ‘technical error’
Riders have shared their frustration at the error, and lack of communication from the company