Finance news – Page 36
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NewsMedia Bites 6 December: Grocery market share, SSP Group, olive oil
Sainsbury’s has claimed its largest increase in market share in more than a decade after stepping up the price war with the German discounters Aldi and Lidl
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NewsCity snapshot: British American Tobacco hit by US economic slowdown and rise of illegal vapes
British American Tobacco is taking a £25bn one-off hit as it writes down the value of its traditional cigarette brands in the US, the London-listed group said this morning in a trading and strategy update.
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NewsValeo Foods urged to 'cease acquisitions and focus on turnaround'
Valeo Foods must focus on turning around its UK snacking business and hold off from acquisitions to avoid any further deterioration in its credit rating, according to Moody’s
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NewsInsane Grain backed by Harry Kane following TikTok push
For almost two months, the brand has been trying to catch Kane’s attention through a series of targeted TikTok posts
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NewsCity snapshot: Grocery sales set hit to £13bn this Christmas despite sales slowdown
Grocery sales are expected to surpass £13bn for the first time this Christmas despite supermarket sales growth continuing to lag slowing inflation
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NewsMedia Bites 5 December: Christmas shrinkflation, retail sales, Lidl
The papers focus on the high street in the lead up to Christmas, with consumers set to pay more this year.
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NewsRenshaw acquired in rescue deal by British Bakels as parent Real Good Food collapses
Cake decoration brand Renshaw has been saved after a long-running turnaround attempt by owner Real Good Food failed, with the business rescued from administration by a Swiss bakery ingredients manufacturer. The deal saves 200 jobs.
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NewsMedia Bites 4 December: National living wage, HFSS, Jollyes
The government’s decision to increase minimum pay will result in higher prices, lower investment and fewer jobs, retail and hospitality leaders have warned
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NewsCity snapshot: PZ Cussons audit chairman steps down at Carex maker
Non-executive director Jeremy Townsend will leave the maker of Imperial Leather, Carex and Original Source on 24 February 2024 to reduce his non-executive commitments.
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NewsFramptons aims to be leading oat milk supplier after takeover by Swedish investment firm
Contract manufacturer Framptons has secured its future after being taken over by a Swedish investment company
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NewsCity snapshot: Bargain hunters give glimpse of recovery for High Street
Retail footfall showed early signs of recovery in November as shops lured in consumers looking for Black Friday and Christmas bargains, according to new data.
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NewsMedia Bites 1 December: baby formula, Wilko, THG
The boss of Iceland has hit out at “exploitation” of new parents and joined calls for a price cap on baby formula after the competition watchdog found evidence of greedflation by leading manufacturers.
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NewsCity News: Greencore shares decline despite stabilising performance
Shares in Greencore tumbled this week despite the sandwich maker reporting significant progress in its ongoing recovery.
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News2 Sisters hunts buyer for Gunstones hot cross bun bakery
2 Sisters Food Group has hired bankers to find a new home for its hot cross bun bakery in Derbyshire as part of continuing efforts to offload non-core assets.
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NewsFinnebrogue owner takes hit to profitability
The company said its revenue had risen from £119.3m to £145.3m, while profit had increased by 4% from £7.7m to £8.1m
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NewsCity Snapshot: Profits fall at EG Group in ‘competitive’ fuel market
Profits have fallen at forecourt operator EG Group on the back of lower third quarter volumes. Plus, Rémy Cointreau publishes first-half results.
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NewsMedia Bites 30 November: CMA, Deliveroo, Greggs
The report by the CMA on profiteering makes headlines across the papers today.
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NewsHiggidy sinks to a loss as inflation and bakery expansion hit savoury pastry maker
The upmarket savoury pastries brand was hit by disruption during a major bakery upgrade and experienced a massive spike in costs
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NewsNix & Kix returns to the crowd as it launches in Tesco
Soft drinks challenger Nix & Kix has hit a £300k crowdfunding target to support supermarket listings as its range of cans is launched into Tesco
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NewsRicky Gervais takes ownership stake in Ellers Farm Distillery
Gervais said he had ‘been looking to invest in eco-friendly businesses for a while’