Finance news – Page 185
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NewsPots & Co suffers 29% sales drop for 2021 due to pandemic
Newly filed accounts show sales fell 28.6% in 2021 from £13.9m to £9.9m
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NewsCity snapshot: Shoppers to spend less this Christmas amid cost-of-living crisis
Consumers in the UK are planning to cut back this Christmas as a result of a double whammy of soaring prices and having less money to spend, with the discounters set to benefit from cash-strapped households, according to new research.
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NewsMedia Bites 7 November: Waitrose, food prices, Iceland, avian flu
Waitrose has insisted its supermarkets are better-stocked than some of its rivals despite claims that a bungled IT project has left many of its stores with empty shelves.
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NewsButlers Farmhouse Cheeses acquires Parlick from Singletons
The acquisition has brought sheep’s milk cheese into the company’s portfolio
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NewsMet Foods warns of export ‘hell’ after almost £15,000-worth of stock lost at Calais
The business, which owns plant-based yoghurt brands Cocos Organic and Nush, has halted exports into the EU
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NewsCity snapshot: Retail footfall slips back in October
Retail footfall remains almost 12% down on pre-pandemic levels after slipping back further in October amid rising inflation and energy bills
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NewsAdministrators seek rescue for No1 Botanicals as Covid effect lingers over trading
Upmarket soft drinks supplier No1 Botanicals has fallen into administration following the Covid-driven collapse of out-of-home consumption
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NewsSainsbury’s commits to investment in price despite profit drop
Sainsbury’s has vowed to continue its investment in price despite soaring food price inflation eating into first-half profits
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NewsMedia Bites 4 Nov: Sainsbury’s, UK recession, Christmas ads
Sainsbury’s profits have tumbled as it kept down prices to compete with Aldi and Lidl
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NewsCity snapshot: Sainsbury’s sales bounce back to growth but profits slide on investment in price
Sainsbury’s has posted an improved second quarter sales performance, but profits were hit by investment in price amid soaring inflation
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NewsMedia Bites 3 Nov: British American Tobacco, Smurfit Kappa, Mars
A dark cloud hung over British American Tobacco’s shares after a broker’s downgrade stoked fears that the cigarette maker will take a more conservative approach to shareholder returns
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NewsCity snapshot: Food price inflation hits new record high of 11.6%
Food price inflation has soared to its highest level on record, according to the month BRC-Nielsen IQ Shop Price Index
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NewsNourished Communities receives £200k backing to underpin growth
North London community food hub and online grocer Nourished Communities has received a six-figure investment as it continues to roll out the business across the capital
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NewsMedia Bites 2 Nov: Morrisons/McColl’s, Ocado, Food price inflation
Morrisons has said that it will close 132 lossmaking McColl’s convenience stores that it bought this year, putting about 1,300 jobs at risk
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NewsDriscoll’s completes Berry Gardens acquisition
Driscoll’s said the acquisition of the UK’s largest supplier of berries would help it to ‘become the world’s berry company’
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NewsCity snapshot: Ocado enters South Korea with Lotte Shopping partnership
Ocado shares have leapt after signing a deal with South Korean consumer conglomerate Lotte Group to roll out its technology in the country
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NewsAdonis raises seven-figure sum to take keto snacking mainstream
Functional snacking brand Adonis has raised more than £1m in an effort to gain market share as demand for keto products grows in the UK
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NewsRoam wins crowd backing to push sustainable sexual wellness brand into retail channel
Sexual wellness challenger Roam has raised almost £2m from the crowd as it prepares to expand beyond the DTC into retail.
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NewsMedia Bites 1 Nov: Wheat prices, Turkey shortages, EU inflation
Wheat and other wholesale food costs have risen sharply after Russia withdrew from an export deal designed to ensure crucial supplies flow from war-torn Ukraine
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NewsCity snapshot: Asda completes £438m Co-op forecourts acquisition
Asda has completed the acquisition of 132 forecourts and retail sites from The Co-op to underpin its strategy to enter the convenience retail space