Finance news – Page 314
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NewsMedia Bites 26 November: Retail sales, 2 Sisters, Waitrose
Black Friday weekend was difficult for UK retailers with footfall in shops down sharply
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News'Skinny' alcohol brands look to the crowd to tap interest in healthier drinking
Two ‘skinny’ alcohol brands are looking to raise expansion capital to cash in on growing demand for healthier booze alternatives.
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NewsProfits slide 25% at Stateside Foods
The supplier saw pre-tax profit slide 25% to £5.2m for the year ended 28 Feb 2018
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NewsPlant-based supplier Gosh hires advisors to explore sale
The supplier has hired corporate finance firm Houlihan Lokey to “consider strategic options”…
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NewsSourced Market smashes £750k crowdfund target
The upmarket retailer and deli business hopes to grow to 20 stores in the next five years
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NewsTulip cuts 100 staff as profits continue to fall
Turbulence on the world market, low global prices for pork and a strong euro have battered profits
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NewsGrocemania raises £77k in crowdfunding for expansion
The funds include nearly £20k from the firm’s director and founder
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NewsCity snapshot: Plant-based food producer Gosh eyes potential sale
Plant-based food producer Gosh is plotting a potential sale after hiring advisors. Plus Origin Enterprises delivers 24% first quarter sales jump and all the rest of the latest news from the City.
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NewsMedia Bites 23 Nov: Majestic Wine, Black Friday, WH Smith
Majestic Wine admitted today that it is stockpiling wine, amid fears that a ‘no deal’ Brexit could lead to gridlock at ports and disrupt deliveries.
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NewsFounder of Five Pound World was jailed for tax fraud
Dev Singh, whose real name is Gurkirpal Singh Bance, was sentenced to three years in prison for cheating the taxman out of £500k
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NewsCraft beer sales top £100m as retailers get more exclusive
Take-home craft beer sales have grown by almost a third over the past year, exclusive data reveals
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NewsMajestic slips to first half loss amid Naked investment and “sluggish” UK market
Majestic Wine has fallen to a first half loss of £0.2m as investment in growth and the “tough” retail market were a drag on performance.
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NewsMedia Bites 22 Nov: SSP Group, Patisserie Valerie, Oat milk
Shares in Upper Crust owner SSP Group plunged after retail veteran Kate Swann revealed she is stepping down in May.
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NewsSimplyFresh appoints Tim Chalk as CEO
The appointment will see SimplyFresh co-founder Kash Khera become COO
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NewsCo-op to open 12 London stores in one month
The first store opened last week in Portman Square, Westminster
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NewsSSP Group CEO Kate Swann steps down after “record” year
Travel food-to-go specialist SSP Group has announced its CEO Kate Swann is to step down next year after it posted 22.7% surge in full year underlying operating profit and revenue growth of 9.5%.
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NewsMedia Bites 21 Nov: Sugar tax, Compass Group, Patisserie Valerie
Britain’s sugar tax has raised well under half the originally forecast amount in its first seven months, reflecting a huge shift by drinks manufacturers to cut the amount of sugar in their products.
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News2 Sisters losses deepen in fourth quarter
2 Sisters owner Boparan Holdings’ pre-tax losses more than trebled to £53.8m in the fourth quarter of 2017/18
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NewsIGD names Susan Barratt as new CEO
Barratt will succeed Joanne Denney-Finch who stepped down in September
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NewsCompass Group annual profits rise 7% despite UK margin pressures
Food service giant Compass Group reported a 5.5% jump in full year organic sales to £23.2bn.