Finance news – Page 246
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NewsUK retail sales suffer ‘worst year on record’ in 2019
2019 marked the first year to show overall decline in retail sales
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NewsReal Handful smashes crowdfunding target to launch savoury trail mix range
The healthy snacking startup took to Crowdcube this week
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NewsVegan brand This secures multimillion cash boost to keep up with “fake meat” demand
The meat alternative startup raised millions from strategic venture capital investors
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NewsSainsbury’s posts positive Christmas results after ‘upping its game’
CEO Mike Coupe said the supermarket had become more competitive on price and grown its premium Taste the Difference range over the past six months
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NewsCity snapshot: Sainsbury’s Christmas grocery growth mitigates Argos decline
Sainsbury’s has posted a decline in like for like retail sales in its crucial third quarter. Plus, Greggs has posted another quarter of strong organic growth to take its full year sales up 13.5% year-on-year while committing to pay staff £7m and all the rest of the latest news from the City.
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NewsMedia Bites 8 Jan: Morrisons, Grocery market share, Poundland
Cautious shoppers, heavy discounting and a decision to shun Black Friday triggered a fall in sales at Morrisons
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NewsCotswolds Distillery nets over £1m in latest funding push
Since its launch in 2014, the gin and whisky maker has raised over £12m
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NewsEnfield retail park to be redeveloped for online sellers after M&G sale to Prologis
Ravenside Retail Park in north London’s Edmonton had been owned by M&G, the investment firm that last month banned withdrawals by investors from its property fund
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NewsEuro Food Brands hails ‘strong’ outlook despite Illy’s foodservice demerger
The specialist distributor said it was able to replace lost revenue with new growth from existing and new customers
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NewsPotts blames ‘year of uncertainty’ as Morrisons posts Q3 sales decline
Potts said there had been “no Boris bounce” for supermarkets after the election
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NewsCity snapshot: Morrisons sales slide in the run-up to Christmas
Morrisons like for like retail sales slid 1.7% in the 22 weeks to 5 January. Plus, the UK grocery industry has experienced its worst Christmas period since 2014 according to the latest market share figures and all the rest of the latest news from the City.
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NewsMedia Bites 7 Jan: Aldi, Jamie Oliver, Brexit
Christmas sales at Aldi topped £1bn for the first time, but the discounter experienced a slowdown in UK sales growth during the busy festive period
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NewsPasta straws maker Stroodles raises £180k to disrupt straw market
The brand producing a pasta alternative to plastic straws will use the funds to expand its sales team, fund marketing and NPD
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NewsTesco launches new wave of price cuts and Clubcard discounts
The offers will cover brands including PG Tips, Birds Eye, Cathedral City, Colgate and Persil
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NewsCity snapshot: Aldi sales surge 7.9% over Christmas
Aldi has announced its total sales jumped 7.9% in the four weeks to 24 December to break £1bn for the first time.
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NewsMedia Bites 6 Jan: Supermarket sales, Just Eat, Compass Group
The supermarket giants will reveal underwhelming Christmas sales figures this week, as the relentless pressure from discount rivals continues to cast a shadow over the sector.
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NewsScandinavian Tobacco Group acquires Dutch cigar maker Agio Beheer BV
STG first announced the deal on 16 September and it completed yesterday (2 January)
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NewsASF pandemic makes pork fraud a real threat, warns Chris Elliott
Soaring demand for pork created by ASF left the sector open to fraud, warned industry group FIIN
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NewsFestive online sales surge at Next to beat expectations
Retail bellwether Next has posted solid growth in the festive period, though in-store sales continued to fall as customers shifted to online.