Finance news – Page 197
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NewsCity snapshot: Coronavirus outbreak takes a slice out of Finsbury profits
Sales and profits have slumped at Finsbury Food Group
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NewsCity News: Ocado enjoys another share price surge following summer sales surge
Ocado’s market capitalisation broke through the £20bn barrier this week
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NewsFresh soup start-up Re:Nourish secures seven-figure sum to fund expansion drive
The fundraising was led by German tech and nutrition investor Döhler Ventures
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NewsWhitworths sees coronavirus-driven sales jump as home baking booms
The ingredients and healthy snacking supplier has seen sales jump 10% during the coronavirus period
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NewsCity snapshot: UK retail sales recover for fourth consecutive month
UK retail sales continued to recover in August, with sales up a further 0.8% in the fourth consecutive month of sector growth. Plus, coronavirus lockdown costs Applegreen €400m in lost sales and all the rest of the latest news from the City.
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NewsMedia Bites 18 Sep: Eight Fifty Food Group, John Lewis Partnership, The Co-op
Eight Fifty Food Group, the owner of Young’s and Karro, is reportedly exploring an IPO.
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NewsPharmacare acquires kids’ vitamin brand Haliborange from P&G
Pharmacare plans to give Haliborange an extensive rebrand and relaunch
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NewsLockdown demand spike drives sales jump for Hilton Food Group
Sales were boosted by increased UK participation with Tesco and increased home consumption driven by Covid
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NewsSoaring food sales boost Co-op first half performance
Total revenues in the 26 weeks to 4 July were up 7.6% to £5.8bn driven by the strong performance of its food and wholesale arms
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NewsHalo Foods bought by US PE firm Peak Rock Capital
The Welsh cereal bar manufacturer has been bought by the US private equity investor after a successful turnaround since being sold by Finnish food group Raisio
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NewsCity Snapshot: John Lewis Partnership scraps staff bonus as it suffers £635m loss
The John Lewis Partnership has scrapped its annual staff bonus as it suffered a first half loss of £635m amid restructuring costs and heavy writedowns of its John Lewis store estate. Plus, grocery sales boom at Co-op, update from Hilton Food Group and all the rest of the latest news from the City.
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NewsMedia Bites 17 Sep: Hut Group, Waitrose/John Lewis, Inflation
Shares in Hut Group have jumped in value by a quarter at the start of trading on their first day on the stock market
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NewsCoronavirus outbreak hits first half sales at Science in Sport
Sports nutrition group Science in Sport posted a drop in first half sales and an underlying operating loss given the “severe disruption” to its business caused by the COVID 19 pandemic
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NewsGrocery sales growth slows in August
Fewer meals eaten at home due to the popularity of the Eat Out to Help Out scheme meant consumers spent £155m less in supermarkets
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NewsCity Snapshot: Eat Out to Help Out scheme drives inflation to five year low
UK inflation has fallen to its lowest level since 2015 as the Eat Out to Help Out Scheme helped drive down prices. Plus, The Hut Group’s shares surge on market debut, updates from Science in Sport and Eagle Eye Solutions and all the rest of the latest news from the City.
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NewsMedia Bites 16 Sep: Ocado, Kraft Heinz, Grocery market share
Ocado has moved to within 10% of the stock market valuation of Tesco after a share price surge linked to the online specialist’s new tie-up with Marks & Spencer
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NewsInsane Grain nets six figure cash investment to fund 2021 retail launch
Healthy snacking start-up Insane Grain has raised a six-figure investment from fmcg veterans to ready the brand for growth in 2021
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NewsCity snapshot: Ocado sales surge by 52% ahead of M&S switch
Ocado’s retail revenues soared by 52% in the 13 weeks to August due to sharply rising demand for online groceries - plus, growth slows in August as more meals are eaten out according to the latest grocery market share figures.
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NewsMedia Bites 15 Sep: Aldi, Retail footfall, Domino’s Pizza
Aldi is to run trials of a click-and-collect grocery service in Britain as it looks to expand its online offering
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NewsCity Snapshot: Waitrose and Nestlé eye deal for Mindful Chef
Waitrose and Nestlé are reported to be amongst the suitors vying to buy farm-to-fork recipe box brand Mindful Chef