Finance news – Page 371
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NewsScottish health chain Earthy Foods & Goods closes its doors
Earthy Foods & Goods, a small group of organic food stores and cafés in Edinburgh, has gone into administration, owing nearly £1m.
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NewsMedia Bites 26 January: Diageo, Halo Top, plastic, Walmart, Greene King
Diageo was in focus yesterday as the drinks giant published its half-year figures.
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NewsCity snapshot: Ten Acre snapped up by Fairfields Farm
Premium snack brand Ten Acre has been acquired by fellow crisps manufacturer Fairfields Farm, The Grocer can reveal this morning.
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NewsTough week for supermarket staff as mults announce cuts
Retailers announced thousands of job cuts and reductions to pension entitlements
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NewsWheyhey raises £3m from industry big beasts to battle rivals
High-protein ice cream brand Wheyhey has raised £3m in a funding round backed by food & drink heavyweights
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NewsWm Jackson margins hit by tough market
Aunt Bessie’s and Abel & Cole owner William Jackson has posted a rise in annual sales but saw margins squeezed
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NewsShort sellers lose out as Sobeys deal sends Ocado shares soaring
A surge in Ocado’s share price after signing another international supply deal has cost bearish investors over £90m
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NewsJames Gilks and Oliver Pinkus join Piccolo babyfood brand
Gilks and Pinkus join as head of UK sales and head of international sales respectively
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NewsCanada grants approval to British manufacturing beef imports
Various cuts of manufacturing beef will now be shipped alongside primal cuts
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NewsWholesaler LWC Drinks sees sales soar by £35m
Revenues at the business grew by 16.2% (£34.5m) to £247.2m for the year ending 30 September…
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NewsAsda slammed over 'unfair' proposed pension cuts
The Walmart-owned retailer is running a 60-day consultation on changes to its pension scheme
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NewsMedia Bites 25 January: WH Smith, Fever-Tree, Hotel Chocolat, Tesco, M&S
Trading updates from WH Smith, Hotel Chocolat and Fever-Tree kept the papers busy yesterday.
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NewsCity snapshot: Gin boom in the UK boosts Diageo in the first half
Britons thirst for gin has helped Diageo to report better-than-expected growth in its first half as Tanqueray gained market share in the growing category and Gordon’s benefitted from the launch of its Pink variant. Plus, Greene King echoed the weather woes of rival pub group Marston’s as its Christmas and New Year sales were disrupted by snow.
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NewsNestlé to move chocolate R&D from Switzerland to York
Work currently carried out in the municipality of Broc is scheduled to move on 1 May to North Yorkshire
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NewsSweet Christmas for Hotel Chocolat
Luxury chocolatier Hotel Chocolat has reported a sweet Christmas trading period as sales recorded a double-digit rise in the 13 weeks to 31 December.
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NewsFrank Field MP blasts accounting 'deficiencies' at Palmer & Harvey
The chairman of the House of Commons’ work and pensions committee has blasted the management and auditors of Palmer & Harvey after a report by administrators revealed the failed wholesaler significantly understated its losses in the 2015/16 financial year.
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NewsFever-Tree overtakes Schweppes in battle for mults' mixer sales
A festive surge means it now holds a 39% market share on the off-trade, compared to Schweppes’ 31%
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NewsNisa insists availability is 'back to usual high standards'
Issues emerged afer Nisa took on extra business following the collapse of P&H
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NewsSainsbury's in-store jobs at risk in cost-cutting restructure
Deputy managers are set to be replaced with a smaller number of operations managers
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NewsP&H understated losses by £12.1m in 2015/16, administrators' report reveals
Palmer & Harvey significantly understated the extent of its losses in the 2015/16 financial year after a series of “omissions” and “misstatements”, according to a report into the collapse of the wholesaler by PwC.