Finance news – Page 247
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NewsMedia Bites 3 Jan: Retail footfall, US vaping, Vegan food to go
Footfall across Britain’s shopping destinations fell over the crucial post-Christmas trading period even as retailers slashed prices to lure customers.
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NewsDash Water nets £1.6m funding and new senior management trio
The brand raised the sum from existing and new investors
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NewsNational minimum wage hikes will hit high street hard, warns the ACS
The wage is set to rise by 51p in April to £8.72 per hour
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NewsAldi to expand its Scotland estate with six stores
The discounter said the new stores would lead to the creation of 200 jobs
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NewsCity snapshot: UK high street suffers worst year for a quarter of a century
UK retailers shed more than 140,000 employers and shuttered over 16,000 shops as the industry suffered its worst conditions for 25 years, according to the Centre for Retail Research.
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NewsMedia Bites 2 Jan: Amazon/Deliveroo, Retail sales, Co-op
Amazon’s UK ambitions have been checked by the competition watchdog after it launched an in-depth investigation into the online retailer’s purchase of a stake in food delivery company Deliveroo.
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NewsOff-Piste Wines sells stake to investment firm BGF
The Grocer first revealed Off-Piste had kicked off a hunt for investment in March this year
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NewsInvestment firm True snaps up Soulfresh stake in £26m deal
Soulfresh owns 11 brands including Lo Bros kombucha and Nutty Bruce plant milk
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NewsSpar wholesaler James Hall reports turnover boost of 7%
Profits, however, have fallen 8% in the same period
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NewsOriginal Factory Shop reports fmcg sales rise after adding 300 lines
The variety discounter began expanding its fmcg range around 12 months ago
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NewsFarmdrop postpones crowdfunding campaign
The company made the decision after receiving an ‘incremental equity investment’ from an existing investor
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NewsCity snapshot: December sees sharp increase in consumer economic optimism
Expectations for the economic performance of the UK have increased sharply as consumer confidence begins to improve. Plus, both suitors of Just Eat have increased their offer for the online takeaway firm as the takeover saga moves towards a conclusion and all the rest of the latest news from the City.
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NewsMedia Bites 20 Dec: Just Eat, Retail sales, Stock Spirits
Takeaway.com within reach of Just Eat after both suitors fired their last shots in the increasingly acrimonious struggle.
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NewsRetail sales slump in the run-up to Christmas
UK retail sales fell back 0.6% in November, amid a continued slump in non-food sales.
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NewsOcado seeks to launch contempt case against Jonathan Faiman’s lawyer
Ocado is separately suing Faiman for “industrial espionage”
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NewsDhamecha Group reports £40m increase in sales
Operating profits at the cash & carry operator rose 8.3% to £13m for the year
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NewsCBD gin startup Muhu eyes £150k fundraise
The brand was launched by on a £1,300 budget earlier this year
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NewsCity snapshot: PayPoint CEO Patrick Headon steps down
PayPoint has announced that its chief executive Patrick Headon has stepped down from his role following an illness-related leave of absence.
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NewsMedia Bites 19 Dec: Inflation, Farmland IPO, Swine fever
UK inflation remained at a three-year low last month as a rise in grocery bills was offset by a slowdown in restaurant and hotel prices.
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NewsUK inflation remains at three-year low despite rising food and drink prices
Rising food and drink prices failed to shift the UK’s overall measure of inflationary growth from a three-year low of 1.5% in November.