Finance news – Page 251
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NewsOcado signs first Asian supply partnership with Japan’s Aeon
Ocado has this morning announced it has agreed a partnership with Japanese grocery retail Aeon to launch an online grocery delivery business in the country using its Ocado Smart Platform technology.
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NewsMedia Bites 29 Nov: Fortnum & Mason, Ocado, Rémy Cointreau
Fortnum & Mason, the luxury store group that sells delicacies such as gulls’ eggs and alba truffles, has revealed a seventh consecutive year of increasing sales and profit.
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NewsHalo Coffee raises £500k to fund international expansion
The maker of “the world’s first” compostable coffee capsules has raised a further £500k as it seeks to build its brand across the globe.
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NewsOcado and M&S to open new ‘mini CFC’ in Bristol
The facility will have the capacity to fulfil more than 30,000 orders per week
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NewsCity snapshot: Ocado to open mini CFC in Bristol
Ocado announced it will open a mini-CFC in Bristol to support growth of its M&S JV Ocado Retail. Plus, half year results from Remy Cointreau and PayPoint and all the rest of the latest news from the City.
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NewsMedia Bites 28 Nov: Iceland, Bags for life; BAT
Iceland Foods faces a change in ownership as South African conglomerate Brait revealed plans to sell its stake in the retailer.
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NewsGriddle to launch first crowdfunding round in scale-up push
The pancake startup will launch on Seedrs next week seeking £120k in exchange for an 11% stake
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NewsKitwave reports turnover and profits hike following ‘very positive year’
The north east-based operator completed the acquisition of Alpine Fine Foods earlier this month
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NewsPG Tips and Lipton set for herbal tea expansion as Unilever denies sale
Unilever denied it was “exploring a sale” of its tea business, contrary to media reports
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NewsThomas Tucker saved from administration in sale to former director Paul Gregg
The popcorn supplier collapsed at the end of September after a food safety recall and the loss of a key contract led to a significant cash shortfall
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NewsCity snapshot: US Fruit Shoot retreat and France factory sales hit Britvic profits
Britvic’s annual profits have been hit by the closure of its Fruit Shoot multi-pack operation in the US and the sell-off of factories in France, despite posting solid results in its UK carbonates business. Plus, trading updates from British American Tobacco and Marston’s and all the rest of the latest news from the City.
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NewsMedia Bites 27 Nov: Pets at Home, Shop prices, Compass Group
Pets at Home shares soar after after it bucks the high street blues to book rising sales as its turnaround strategy pays off
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NewsUK shop prices fall for the sixth consecutive month
UK shop prices declined for the sixth consecutive month in November, amid a fall in dairy prices and easing fresh foods inflation
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NewsMcCain set to cut 230 jobs following review of UK business
A spokesperson for the business said the decision had been made “after an extensive review of current and future requirements”
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NewsRising prices and exports drives sales growth at Cranswick
Pork giant Cranswick has made a “positive start to the year”, with the first half sales up year-on-year amid strong performance in the domestic market and rising exports.
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NewsGreencore profits rise after ‘fundamental reset’
Convenience foods specialist Greencore has posted an improvement in underlying sales and profits after “fundamental reset” of the business following its exit from the US.
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NewsMedia Bites 26 Nov: Just Eat, Retail sales, Unilever
A suitor for Just Eat has attacked a rival bid as “wholly inadequate” and an attempt to buy the British delivery company “on the cheap”
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NewsWaitrose shelves open kitchen concept in most trial stores
The Kitchens at its Twyford, Chandler’s Ford and Barbican stores were quietly removed last year
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NewsFever-Tree investors reassured despite UK slowdown
City darling Fever-Tree is unaccustomed to missing market expectations, but last week it was forced to release a profits warning as its UK growth came to a shuddering halt.
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NewsCake Box revenues soar 6% on new openings and higher demand
Cake Box Holding, the specialist retailer of fresh cream cakes, saw revenues rise 6% in the first six months of the year on the back of new store openings and increased demand