Finance news – Page 244
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NewsMedia Bites 17 Jan: ABF/Primark, Nestlé, Vegan products
A raft of store openings and a strong performance on the Continent drove up total sales at ABF’s Primark over Christmas.
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NewsHelloFresh’s first annual profit set to exceed expectations
The news sent shares of the German company soaring as investors welcomed the success of the recipe kit model
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NewsMorrisons promotes Andy Atkinson to group commercial director
David Lepley will replace Gary Mills, who was leaving the business to pursue other interests, said Morrisons
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NewsGoogle acquires retailer online inventory startup Pointy
Pointy builds websites for small and medium-sized stores, optimised to top search rankings
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NewsMüller hails cost-cutting success as it eyes return to profitability
The past 18 months had been ‘very difficult’ said CEO Patrick Müller, but it expected to move back to profitability over the next six months
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NewsABF Christmas sales rise on Sugar recovery
Associated British Foods revenues rose 4% over the crucial Christmas period due to a recovery of Sugar prices and strong Primark trading
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NewsMedia Bites 16 Jan: Greggs/Just Eat, Tesco, Asda
Greggs picks Just Eat for UK-wide delivery service, Tesco’s Thai asset sale under threat from regulatory bodies and Asda prepared to roll-out a “sustainable” store.
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NewsGreggs struggles to meet demand for vegan steak bake
Greggs has launched a ‘Locate a bake’ website where customers can find the nearest store stocking the item
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NewsLakes Distillery to fast-track growth plans after latest multimillion-pound backing
The Cumbria-based distiller issued £4.3m of new equity to investment firm Comhar Capital to support ‘ambitious’ stock build growth and capital expenditure
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NewsSimplyCook secures ‘top up’ £2m investment to drive growth
The fast-growing recipe kit supplier has raised £9m in funding since launching in 2014
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NewsHolland & Barrett Christmas sales surge amid ongoing transformation programme
Sales rose 4.8% over the Christmas period, while online transactions were up 22% as the retailer’s digital transformation programme continues
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NewsBeales victim of business rates overcharging, claims Colliers
Many struggling retailers have paid more than they should, the property agency said
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NewsGreggs partners with Just Eat for nationwide delivery service
The partnership follows a trial in London, Newcastle and Glasgow
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NewsRichard Pennycook takes chairman role at 2 Sisters owner Boparan
The former Co-op CEO takes over as non-exec chairman of Boparan Group from Lord Allen of Kensington
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NewsMedia Bites 15 Jan: Lakes Distillery, 2 Sisters, McBride
An English whisky distillery has raised new funding of £4.25m to finance ambitious plans to triple production capacity to 1.2m bottles a year.
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NewsGlobal food and drink M&A activity ‘broke records’ in 2019
The number of global food and drink transactions in 2019 totalled 789 deals, up by 12 on the year before
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NewsCranswick pens charcuterie deal with major Spanish pork producer
Costa Foods will provide the meat processor’s Continental Foods arm with Spanish charcuterie products
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News‘Overconfident’ Cook sees decline in profits despite sales increase
The frozen food retailer has suffered its first EBITDA decline in a decade
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NewsCity snapshot: McBride issues profits warning on UK weakness
Private label household goods manufacturer McBride has issued another profits warning on weaker than expected trading in the UK.
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NewsMedia Bites 14 Jan: UK economy, Asda, Greggs
The economy shrank unexpectedly in November as election uncertainty delivered a blow to output.