Finance news – Page 239
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NewsMedia Bites 12 Feb: Ocado, Heineken, M&S
Ocado more than quadrupled its losses last year, but its stunning share price performance triggered an £87m payday for senior directors
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NewsFitch Brew looks for strategic investors in £250k funding push
The York-based startup is seeking to raise cash from strategic investors to fund NPD and exports
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NewsVitamin drinks brand Tonic Health kicks off £400k fundraising push
The startup is looking to secure the cash in a blend between an institutional raise and crowdfunding to scale up UK operations and launch in the US
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NewsOcado results reveal legal fees of £1.3m and M&S range growth plans
The total cost of the litigation action is likely to increase as the court battle rolls on, with Faiman denying allegations and counter-suing the company
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NewsAldi and Lidl swipe millions in sales from Asda, Tesco, Sainsbury’s and Morrisons
Tesco’s losses, which represent the fall in sales arising directly from a gain for the discounters, are the largest by any retailer over all time periods
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NewsACS calls for government action on business rates and shoplifting ahead of budget
The Association of Convenience Stores has pressed for changes to policies on business rates, crime and employment costs
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NewsMedia Bites 11 Feb: Brexit trade; Chinese prices, Harry’s/Edgewell
The Government confirms the end of frictionless trade with the EU post Brexit, Chinese prices spike on the Coronavirus outbreak and John Lewis will start selling make-up for men
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NewsCity snapshot: Ocado slumps to £215m loss as Andover fire hits profits
Ocadoreports strong results despite the impact of a fire at its Andover CFC last year, M&S snaps up Greencore CFO and Cranswick buys leading UK pig farm
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NewsAllplants smashes £2m crowdfunding target in 48 hours
The crowdfunding campaign will kick off a bigger institutional raise planned before the end of 2020
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NewsWater kefir producer Agua de Madre turns to the crowd to scale up
Craft-brewed fermented water kefir producer Agua de Madre has turned to the crowd as it aims to take on the low & no UK drinks market
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NewsCity snapshot: UK snacking acquisitions boost growth for Lotus Bakeries
Bear, Nakd and Kiddylicious owner Lotus Bakeries grew its annual revenues and profits last year, boosted by the international rollout of its Biscoff brand and the strong performance of natural snacking.
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NewsMedia Bites 10 Feb: WH Smith, Ocado, Waitrose
WH Smith is demanding to be allowed to delay its rent payments as some of the high street’s stronger retailers capitalise on landlords’ woes.
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NewsArmitage Pet Care sales surge past £55m
Fast growing producer of Good Boy dog treats Armitage Pet Care saw annual sales surge past £55m, though profits fell as it invested in growth.
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NewsVegan restaurant The Vurger Co secures seven-figure funding to launch retail range
The vegan burger restaurant chain will use the funding to open more sites and launch its plant-based burger range into retail in April
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NewsImperial Brands greets new CEO with profits warning
Stefan Bomhard has work ahead as Imperial grapples with its attempts to shift towards tobacco alternatives…
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NewsVegan DTC startup Allplants seeks £2m in fundraising
Allplants is aiming to raise up to £20m this year
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NewsCity snapshot: Vegan DTC startup Allplants kicks off £20m fundraising push
Vegan DTC meal delivery startup Allplants will kick off a fundraising push next week as it aims to raise up to £20m this year.
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NewsMedia Bites 7 Feb: John Lewis, Tesco, High Street
The new chairwoman of the John Lewis Partnership has warned that the retail group faces more shop closures and job losses.
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NewsG’s Group stays in red as Love Beets costs negate rising sales
UK fresh salad and veg giant G’s Group remained in the red last year as costs associated with taking control of its US Love Beets business negated rising sales.
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NewsLow & no-alcohol wine sales fall despite boom for wider category
Total low & no alcohol category sales surged in 2019