Finance news – Page 275
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NewsMedia Bites 22 July: Jamie Oliver, Tesco, Discounters
The collapse of Jamie Oliver’s Italian restaurant chain has left creditors facing losses of £83m.
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NewsWeetabix sales down as decline of branded cereals market hits
The accounts say sales were hampered by a decline in overall cereal volume sales in 2018.
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NewsGraze targets European expansion following D2C launch in Ireland
Healthy snacking brand Graze kicked-off a European expansion drive following a direct-to-consumer launch in the Republic of Ireland.
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NewsPepsiCo agrees deal to buy Fruit Bowl parent company Pioneer Foods
PepsiCo has made a $1.7bn bid to acquire Pioneer Foods Group as it targets expansion in Africa.
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NewsIndie brand Sauce Shop seeking £250k to scale up production
The business will launch a crowdfunding campaign on Crowdcube at the end of July in exchange for 5% of its equity
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NewsMother eyes vending machine rollout as it secures £3m funding
The London-based company will use the cash to develop more machines as it seeks to roll out on a national scale
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NewsSurge in global demand boosts Haribo sales
Accounts filed at Companies House for Haribo’s parent company in the UK showed total turnover up to £181.6m in 2018
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NewsFlamingo Produce shrugs off difficult conditions to double profits
Flamingo supplies fresh flowers, plants and veg to the mults
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NewsCity snapshot: AB InBev sells Australian brewing arm to Asahi for $11.3bn
Anheuser-Busch InBev has agreed to sell its Australian beer business Carlton & United Breweries to Japanese brewing giant Asahi Group in a deal valued at US$11.3bn. Plus, travel food retail specialist SSP Group has grown revenues by 9.2% in its third quarter and all the rest of the latest news from the City.
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NewsMedia Bites 19 July: Waitrose, Retail sales, Philip Morris
Waitrose will shut three stores and offload a further four to rivals such as Lidl, putting 667 jobs at risk
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NewsWaitrose to close seven stores with 677 jobs affected
It’s the third round of store closures announced by the retailer since June last year
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NewsUK retail sales rise in June according to official figures
The latest ONS figures paint a brighter picture for UK retailer with retail sales improving both on a monthly and annual basis
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NewsCosta Coffee products to launch across Europe under Coca Cola HBC
The bottler will launch a full range of Costa branded products in “at least” 10 of its European markets
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NewsSeachill growth boosts Hilton Food Group’s first half sales
Hilton Food Group has continued to grow sales in the first half of its financial year, boosted by increased volumes from its Seachill fish business.
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NewsMedia Bites 18 July: Amazon, Inflation, Hotel Chocolat
Brussels has opened an investigation into Amazon to “take a very close look” into how the internet retail giant treats third-party merchants selling goods on its websites.
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NewsVimto producer Nichols shrugs off cooler weather to post first half growth
Vimto producer Nichols has posted a double-digit rise in group revenues as it brushed off the cooler UK weather to post growth across its stills and carbonates portfolio.
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NewsSales plunge at Fruit Bowl maker Stream Foods amid contract loss and difficult market
Stream Foods sales and profits dropped last year with the firm blaming a “tough” and “unpredictable” market for its poor annual performance
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NewsCity snapshot: First quarter sales rise at Premier Foods on branded growth
Premier Foods increased group sales by 1.1% in its first quarter, driven by 2.9% growth in branded sales. Plus, first half sales and profits rise at Nichols, Hotel Chocolat sales jump 14% in the year to the end of June, AG Barr shares plunge and all the rest of the latest news from the City.
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NewsMedia Bites 17 July: AG Barr, Farming, Wholefoods
AG Barr shares collapsed 28% to 623p after the Irn-Bru maker blamed a lack of Scottish sunshine for an expected 10% fall in sales.
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NewsBeFries seeks funding to launch vegan sauce range into UK supermarkets
A Belgian-style fries restaurant is seeking to raise £30k to launch its vegan sauce range onto supermarket shelves