Finance news – Page 260
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NewsMedia Bites 11 Oct: Obesity, Recession Fears, Pound
The levels of severe obesity among children have risen to an all-time high, official figures have shown, with 4.4% of year six pupils in England needing medical help for their weight. The news comes just as the outgoing Chief Medical Officer, called for severe action to tackle ...
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NewsCoffee startup Minor Figures lands £7.5m to push into US market
London-based coffee products supplier Minor Figures has secured a £7.5m investment to underpin a push into the US market and widen UK retail distribution.
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NewsWalkers Shortbread boss warns of challenges from US tariffs and Brexit
Brexit and the potential imposition of US tariffs on British goods were making business ‘very challenging’, said Jim Walker
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NewsValeo Foods buys 2 Sisters’ Matthew Walker Christmas pudding business
Valeo Foods has continued its string of acquisitions by agreeing to buy 2 Sisters’ Matthew Walker Christmas puddings business in a deal valued £67m
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NewsCity snapshot: Flora owner Upfield in €500m talks to buy Violife Foods
The owner of Unilever’s former spreads business Upfield is reportedly in talks to purchase vegan cheesemaker Violife Foods.
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NewsMedia Bites 10 Oct: Supply chains, Upfield/Violife, Greene King
Poor pay and punitive working conditions are common on farms and plantations that supply fresh fruit or tea to major UK supermarkets, according to Oxfam.
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NewsPepco annual sales jump on Poundland acquisition and store estate growth
Pepco’s sales were boosted by the addition of Poundland’s 775 stores to its estate
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NewsLindt UK sales continue to rise on Lindor craze
Soaring sales of Lindor chocolates have boosted Lindt UK’s performance in 2018
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NewsMeadow Foods buys Valeo-owned Nimbus Foods
Exponent-backed dairy company Meadow Foods has continued its acquisitive growth push with a deal to buy Welsh decorations and toppings firm Nimbus Foods.
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NewsMedia Bites 9 October: Pound, M&S, Brexit tariffs
The pound has slumped to its lowest level in more than a month, as hopes fade that a Brexit deal will be struck
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NewsKombucha brand Holos turns to the crowd to scale up and tap teetotal trend
Kombucha startup Holos has launched a crowdfunding campaign looking to raise £100k to support its next stage of growth and tap the growing teetotal trend
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NewsCru8 launches £300k fundraise to upscale production
The free-from bakery startup plans to use the funds to upscale production and keep up with demand for free-from, paleo and keto products
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NewsUK sales hit record low as Brexit woes continue
Like-for-like retail sales shrunk by 1.7% in September from a fall of 0.2% in 2018
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NewsCity snapshot: Stock Spirits boosted by Eastern Europe spirits market growth
Eastern Europe focussed spirits distiller Stock Spirits Group has said it is on course to hit full year guidance despite tax issues in Poland and “highly competitive” trading conditions.
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NewsMedia Bites 8 October: Pizza Express, Retail sales, Scotch whisky
Pizza Express has hired advisers for help as it prepares to hold crunch talks with creditors over its spiralling debt mountain
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NewsGunna smashes £500k crowdfunding target within a day
The drinks startup is looking to fuel its ambition of becoming the UK’s ‘number one craft soft drinks company’
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NewsVite raises £175k to launch nootropics snack bar range
Functional nutrition startup Vite plans to use the cash to support NPD and marketing initiatives
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NewsBrexit uncertainty pushes retail sales to ‘new record low’ in September
UK retail sales slumped 1.3% in September, crumbling to a “new record low” for the month
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NewsFmcg suppliers hit hardest by ‘perfect storm’ of Brexit uncertainty
Manufacturers had been forced to stockpile both raw materials for production and finished goods
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NewsSales surge £7m at Liberty Wines
Revenues hit £75m at the supplier for the year ending 31 March 2019, latest results reveal