Finance news – Page 240
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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
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NewsFood-to-go market set for growth in 2020 despite sector slowdown
Growth in the sector has slowed in the past three years, following five strong years from 2012 to 2016
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NewsCity snapshot: US growth drives Compass Group’s first quarter sales
Catering giant Compass Group has posted a rise in first quarter revenues, driven by strong performance in North American and new business wins. Plus, trading updates from Tate & Lyle and Stock Spirits, while AB InBev’s leadership team shaken up.
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NewsMedia Bites 6 Feb: Imperial Brands, Organic foods, Domino’s Pizza Group
More than £1.2bn was wiped off the value of Lambert & Butler cigarette maker Imperial Brands as a ban on flavoured vaping products by US regulators takes its toll.
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NewsKatie Bickerstaffe appointed M&S chief strategy and transformation director
Bickerstaffe, currently an M&S non-executive director, fills the role left by Melanie Smith, who was named CEO of Ocado Retail last year
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NewsMults rolling out more dark stores to cope with above-market rents
Attractive lease terms have caused a surge in supermarket property investment while leaving Tesco, Sainsbury’s, Asda and Morrisons paying too much rent, according to research
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NewsUpfield and General Mills supply chains in balance after NFT pre-pack administration
The future of NFT’s key Tilbury distribution site, used by the Flora and Yoplait owners, remains unresolved
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News‘Volcanic’ chocolate brand Firetree takes to the crowd to raise £200k
The ’super premium’ chocolate manufacturer plans to use the funds raised to scale-up its newly launched brand
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NewsCity snapshot: Imperial Brands issues profits warning on US e-cigarette crackdown
Imperial Brands has issued a stark profit warning ahead of its annual general meeting as increased regulation on new generation products and a US ban on flavoured cigarettes are expected to hit revenues and profits
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NewsMedia Bites 5 Feb: M&S, Grocery sales, Meat tax
M&S Food finance director Nick Hewitt has left the chain last month, the latest high profile exit at the chain, while Morrisons boss David Potts has come under pressure to restore the grocer’s furtune as market share and sales keep falling
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NewsTyphoo Tea to cut jobs to ‘safeguard future of the company’
The tea maker said the move was necessary amid an increasingly challenging trading environment
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NewsWild Cosmetics raises six-figure sum to launch eco-friendly deodorant
DTC startup Wild Cosmetics has raised £500k to roll out its 100% biodegradable deodorant refills and reusable aluminium cases from March
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NewsPasta Evangelists raises £3.5m to ramp up omnichannel efforts
The four-year-old brand raised the cash from funds including Pembroke VCT and Guinness Asset Management
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NewsDessert maker Indulgence Patisserie in talks with buyer after collapse
The own-label and branded dessert manufacturer appointed advisors last month after falling sales and legal issues led to its collapse into administration
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NewsM&S food and clothing are most profitable together, says chairman Archie Norman
His comments follow speculation over the prospects of a break-up of the two arms after food outperformed clothing in Christmas trading
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NewsCity snapshot: Grocery market records weak post-Christmas sales growth
The grocery sector experienced a sobering January as clean-living consumers cut back to constrain market growth to just 0.3% in the latest 12-week period.
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NewsMedia Bites 4 Feb: Tesco, Poundland, Imperial Brands
A non-compete agreement has forced Tesco to delay the arrival of its new chief executive Ken Murphy
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NewsIceland to roll out to 19 more branches of The Range by April
The expansion will take the number of branches of The Range with an in-store Iceland to more than 50
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NewsPlantifull seeks funding to support ‘major’ Holland & Barrett launch
The vegan meal pot startup is looking to raise £350k in exchange for an 18% stake to support in-store expansion and NPD