Finance news – Page 250
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NewsScotbeef sales rise on UK growth as exports suffer
Annual sales rose 5.2% at beef and lamb supplier Scotbeef driven by positive growth in the UK as international revenues dropped
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NewsThe Vegan Kind prepares fundraising campaign for expansion push
The online vegan supermarket will launch a Seedrs campaign at the end of January, seeking £500k to scale up
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NewsSpirit group Moose raises €2.5m in first ‘major’ funding round
Botanical spirit maker Moose has raised €2.5m from a group of strategic investors including former Diageo CEO Paul Walsh
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NewsCity snapshot: DS Smith reports sales and profits jump despite ‘difficult’ conditions
FTSE 100 packaging firm DS Smith grew revenues by 4% in the first half of the financial year, reporting a “record” performance despite economic headwinds
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NewsMedia Bites 5 Dec: Iceland, Morrisons, Services sector
Analysts have warned Iceland could face troubles repaying its £750m debt pile and might be forced to refinance.
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NewsCity snapshot: Morrisons promotes Trevor Strain to COO role
Morrisons commercial chief Trevor Strain has been appointed as chief operating officer in a move which sees trading director Michael Gleeson become chief financial officer
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NewsMedia Bites 4 Dec: Amazon deforestation, Quorn, Argos
Companies including Tesco, Asda, Carrefour and LGIM urged the Brazilian government on Tuesday to protect the Amazon rainforest.
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NewsPrima Cheese profits rise on reduced wastage
Gross margins rose 24% due to ‘reduced wastage and increased margin per box’
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NewsMedia Bites 3 Dec: Ocado, Christmas Dinner, Just Eat, Tariffs
Ocado’s latest bond issue sparked a share sell-off as analysts and investors were split over whether the company would have been better off relying on cash from shareholders
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NewsCity snapshot: UK retail sales pick up in November amid Brexit respite
On a total basis, adjusted for the later timing of Black Friday, sales rose 0.9% in the four weeks to 23 November
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NewsSalcombe Distilling Co smashes fundraising target to fund US launch
The gin brand is planning to launch in the north east of the US early next year
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NewsValue of global food M&A activity spikes in third quarter
In the third quarter the total value of food industry M&A deals rose 95% over the previous three-month period
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NewsAppleby Westward picks up convenience store chain Denovo Retail
Southampton-based Denovo operates 15 c-stores and two forecourt sites
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NewsMeatless Farm Co hires ex-Lidl CEO Jesper Højer as new chairman
The Dane stood down as Lidl’s CEO in April
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NewsCity snapshot: Ocado launches £500m bond offer to fund global growth
Ocado has announced the launch of a £500m corporate bond offering to help fund the global expansion of its Ocado Solutions business.
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NewsMedia Bites 2 Dec: Ocado, Black Friday/Cyber Monday, Aldi
Ocado shares soared on Friday after it made its first move into Asia by striking a deal with Japanese retailer Aeon to develop its online business
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NewsGreencore share price recovery hits bump in the road
Greencore’s share price resurgence after its humbling exit from the US last year hit turbulence this week on a significant slowdown in growth.
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NewsBon Bon Buddies plunged to £6m loss to trigger rescue plan
Confectionery manufacturer Bon Bon Buddies suffered an “unprecedented” loss of £6m as it was forced to agree a rescue plan with creditors to save the business.
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NewsStateside Foods reports third consecutive profit drop
Annual profits at own-label chilled pizza supplier Stateside Foods have dropped for the third consecutive year as it failed to fend off a “challenging” trading environment
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NewsSushi sees £40m value decline as shoppers seek better value and quality
Upmarket sushi concessions are growing at the expense of pre-packed options