Finance news – Page 187
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NewsCity News: Naked Wines shares bounce back after admitting ‘mistakes’ in strategy
Announcing the result of its strategic review on Thursday, Naked said it had ‘reshaped’ its strategic plans
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NewsCity Snapshot: Deliveroo guides down sales growth as order numbers fall
Deliveroo has warned annual sales growth will come in at the lower end of previous guidance after order numbers fell in the third quarter.
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NewsMedia Bites 21 October: Liz Truss, inflation, interest rates, Naked Wines
Headlines are dominated by the resignation of Liz Truss and the state of the economy but the papers also find room for Naked Wines’ new strategy.
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NewsHunter & Gather targets retail expansion after smashing crowdfunding goal
Specialist condiments and oils start-up Hunter & Gather has raised more than £700k from the crowd, comfortably beating its target of £500k as it targets more mainstream retail listings.
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NewsCity snapshot: Naked Wines to pivot to profit focus after ‘mistakes’ chasing growth
Naked Wines has cut growth expectations and pledged to cut costs and staffing levels to prioritise the bottom line after admitting it has “made mistakes” in the pursuit of rapid growth
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NewsMedia Bites 20 October: Nestlé, P&G, inflation, cost-of-living crisis, Waitrose
The papers take in price hikes at Nestlé and P&G while also reporting on soaring inflation and the latest Waitrose annual food & drink report.
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NewsActivist investor Third Point pushes Colgate-Palmolive to sell off Hill’s Pet Nutrition
US activist investor Third Point has built an equity position in Colgate-Palmolive to push the US CPG giant to sell off its petcare business
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NewsGrower Fresca Group posts strong financial performance in latest accounts
The business saw turnover increase by 4.7% to £433.1m for the year to 29 April 2022, with operating profit up 26.3%
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NewsPlanet Organic to launch crowdfunding campaign to help fund expansion plan
The Grocer understands it is hoping to raise between £4m and £5m from investors to help reach 50-store target
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NewsDoisy & Dam rescued from administration by Nurture Brands in pre-pack deal
Nurture Brands has rescued Doisy & Dam from administration, continuing its buy-and-build strategy and expanding its sustainable plant-based consumer products offering into the confectionery category
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NewsMedia Bites 19 October: Asda, THG, strikes/shortages
Asda is opening is first convenience stores outside a petrol station as its new owners search for ways to expand the UK’s third largest supermarket chain and overtake Sainsbury’s
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NewsCity snapshot: Food prices hit 42-year high as inflation soars
Food and drink prices have soared to their highest levels in more than 40 years, pushing UK inflation back to highs seen over the summer, according to the latest figures. Plus, rising food prices help Nestlé increase organic sales in Q3, Just Eat Takeaway returns to profitability sooner than expected, and hedge fund Third Point reveals new position in Colgate-Palmolive and pushes for sale of its petcare business
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NewsThe Vegan Kind sold in administration pre-pack deal to current owner
The Vegan Kind has been bought out of administration by a business associated with its current owner following a downturn in trading and soaring costs
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NewsBooths sees annual profits increase but CEO warns of looming cost of living impacts
Profits before tax rose to £3m from £1.9m, while EBITDA grew by £1.4m to £13.3m
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NewsSelfridges sales recover in 2021 as new owners prepare to ride out cost of living crisis
The company posted a full-year sales increase of 28% to £653.4m, up from £508.5m the year before
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NewsCity snapshot: Asda benefits from renewed demand for own label
Brands are coming under increasing pressure from own-label as shoppers trade down to cope with soaring food prices, the latest Nielsen grocery data revealed. Plus, the latest Barclaycard spending data and Pernod Ricard acquires Código 1530 Tequila.
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NewsMedia Bites 18 October: u-turn, Greggs, THG
The papers are dominated by the latest u-turns from the government as almost all prime minister Liz Truss’s tax policies are ripped up by chancellor Jeremy Hunt
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NewsFeel aims to become household name following £10m investment round
DTC supplements challenger Feel has secured a £10m investment to maintain its rapid growth in the health and wellness category and boost brand awareness.
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NewsWicked Kitchen lands Woody Harrelson backing in $20m investment round
The brand will use the money to increase global brand awareness and expand retail distribution
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NewsMedia Bites 17 October: Pound/Chancellor, Tesco, Kroger, Beyond Meat
The pound and UK government bond yields have recovered in anticipation of a key statement from the new chancellor