Finance news – Page 211
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NewsPremier Foods shares surge to six-year high on strong branded growth
Premier Foods shares jumped to a six-year high this week, as the surge in sales during lockdown looks set to drive its performance this year beyond City expectations.
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NewsHome workouts hurt sports nutrition sales
But while supermarket sales are under strain, brands have reported an uplift in DTC purchases
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NewsMedia Bites 25 Jun: Tariffs, John Lewis, Waitrose
Trump reignites trade war with Europe, John Lewis names Coop Pippa Wicks as new boss and Waitorse chief Bailey warnes on lower food standards
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NewsCity snapshot: Young’s taps investors for £88m ahead of pub reopenings
Pub group Young’s has raised over £88m from its investors via a share placing to boost its balance sheet ahead of the reopening of its pub estate and “pursue opportunistic acquisitions”. Plus trading updates from Science in Sport, Gusbourne and all the rest of the latest news from the City.
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NewsMoy Park expects to recover ‘good portion’ of coronavirus financial impact
The business implemented a ‘broad range of actions’ to mitigate the effect of the virus and expects its results to ‘not be significantly impacted’
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NewsJohn Lewis poaches Co-op deputy CEO for executive director role
Pippa Wicks will fill the final seat on the new seven-person executive board at JLP
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NewsMedia Bites 24 June: Rent payments, Grocery sales, Amazon/Deliveroo
Landlords are bracing to receive around 20% of the quarterly rents they are owed, convenience stores win lockdown sales and the CMA is set to clear Amazon’s acquisition of Deliveroo
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NewsPremier Foods sales and profits rise in year of ‘considerable progress’
Premier Foods’ annual sales and trading profits rose last year after strong trading during the coronavirus crisis built on ‘substantial progress’ during the period.
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NewsNisa recruits 242 new stores in first half of 2020
The 242 additional stores include 37 sites secured with forecourt retailer Ascona Group in May
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NewsOne-metre social distancing and pubs & restaurants to open: industry reacts
Hairdressers, hotels, campsites, outdoor gyms, theme parks and libraries are also allowed to reopen from 4 July
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NewsCity snapshot: Grocery sales boosted by online and convenience
British take-home grocery sales surged by 18.9% over the past four weeks as shopper habits remained “a world away” from usual expectations
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NewsMedia Bites 23 June: Sunday Trading, hospitality, ‘health halo’
Boris Johnson abandons plans to relax Sunday trading rules after facing a potential backbench rebellion, the hospitality sector lashes out at the latest “bonkers” reopening proposal and “health halo” products such as ginger and turmeric see a boost
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NewsWooHa Brewing Company embarks on £1.5m rebrand following crowdfunding campaign
The Scottish craft brewery will add five new beers to its core range and aims to expand production by 17 times over the next three years
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NewsUK retail footfall sees soft rebound in first week of reopening
New data from the BRC-Shoppertrack footfall monitor covering the week to June 21 showed footfall was down 57.2% year on year
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NewsSlim Wine turns to the crowd to fund growth push
The business launched a crowdfunding campaign on Seedrs earlier this month, looking to raise £200k in exchange of a 3.2% stake
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NewsMedia Bites 22 June: rent payments, retail sales, social distancing
Landlords are bracing to receive just 10% of quarterly rent payments due this Wednesday, retail sales recover in May but are still down on pre-Covide levels and Boris Johnson set to reduce two metre social distancing rule this week
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NewsCity snapshot: Tesco faces shareholder revolt over pay
Tesco is likely to face shareholder revolt at its AGM of Friday over CEO Dave Lewis’ £6.4m pay package
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NewsWincanton extends Morrisons logistics partnership with ‘significant’ new deal
The “substantial” contract extension involves the TUPE transfer of more than 250 colleagues to Wincanton from DH
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NewsAsda and Rowan Foods factories become latest hit by coronavirus outbreaks
Rowan Foods, Wrexham, said 38 staff had tested positive for Covid-19, out of a total workforce at the site of 1,500
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NewsCity snapshot: Retail sales partly rebound in May
UK retail sales have partly rebounded in May, rising 12% compared to the record decline experienced the prior month