Finance news – Page 405
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NewsFirst quarter losses widen at 2 Sisters amid “substantial turnaround challenge”
2 Sisters owner Boparan has once more posted widening losses in its first quarter as it continues to tackle its “substantial turnaround challenge”.
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NewsPoundstretcher sales and profits drop as it expands estate
The Grocer revealed last week that Poundstretcher planned to convert the entire estate to the Bargain Buys banner
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NewsGrocery growth slows as Christmas looms
The latest grocery market share figures have showed the weakest supermarket sales growth since March 2017 as the industry heads into the vital Christmas trading period.
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NewsMedia Bites 11 Dec: Brexit, UK GDP, Electronic receipts
The pound fell to a 20-month low yesterday after business was left rattled by Theresa May’s decision to delay the Brexit withdrawal deal vote.
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NewsOppo crowdfunders offered deal to cash out by Swiss billionaire
Crowdfunding investors in low-sugar ice cream brand Oppo have been offered a deal to cash out for a healthy profit by the investment firm of Swiss consumer billionaire Hans-Peter Wild.
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NewsDanone pledges to recycle more plastic in Ecosurety tie-up
The deal will see Ecosurety manage Danone’s packaging and waste recycling obligations in the UK
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NewsHigh street footfall slumps in run up to Christmas
Black Friday failed to arrest a slump in shopper numbers in November according to the latest BRC Springboard Footfall and Vacancies Monitor, with expectations weak footfall will continue into Christmas.
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NewsMedia Bites 10 Dec: Christmas retail, Pipers/PepsiCo, Tesco trial
“Christmas gloom settles on the high street”, writes The Times as shopkeepers prepare themselves for the quietest festive period since the credit crunch.
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NewsSupermarket prices in deflation as festive period looms
Supermarket prices remained in annual deflation for a second consecutive month in November
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NewsMcColl's says P&H woes are behind it despite profit warning
The convenience retailer adjusted full-year EBITDA to £35m from the forecasted £44m
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NewsOMG Tea seeks up to £150k to increase distribution
Organic matcha tea brand OMG Tea is in discussions with potential investors as it looks to secure up to £150k to drive marketing and distribution.
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NewsGreencore eyes new categories amid M&A growth plans
Greencore is eyeing M&A opportunities in new categories including snacking after landing a cash windfall from the sale of its US business in October.
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NewsSushi Daily growth and Pret contract loss hits Taiko Foods
Waitrose sushi supplier Taiko Foods has fallen into the red after being hit by the growth of Sushi Daily and the loss of its Pret a Manger supply contract.
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NewsMedia Bites 7 Dec: Tesco trial, DS Smith, Nando's
There is heavy coverage of the collapse of the trail of two former execs, which is being described as a signficant blow to the Serious Fraud Office.
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NewsVillage Bakery hires advisors to secure PE investment
Welsh own-label supplier The Village Bakery has hired advisors in a search for external investment to drive future growth.
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NewsCity snapshot: Associated British Foods warns of “tough” retail market
Associated British Foods has warned of the impact of a “tough” retail market on its Primark clothing chain, which experienced “challenging” conditions in November. Plus the FTSE has its worst day since Brexit and all the rest of the latest news from the City.
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NewsSainsbury's milk supplier Tomlinsons appoints advisors to explore possible sale
It comes amid warnings of overcapacity and ‘wafer thin’ margins across the processing sector
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NewsMarket share gains drive first half growth at packaging giant DS Smith
FTSE 100 packaging firm DS Smith has grown organic revenues by 3.2% in the first half due to volume growth and market share gains and announced plans to sell its plastics division.
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NewsMedia Bites 6 Dec: Patisserie Valerie, Deliveroo, Beyond Meat
Scandal-hit cake and coffee chain Patisserie Valerie has secured the services of a new finance chief after a hiatus of almost two months.
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NewsFiona Kendrick to step down as Nestlé chairman
Kendrick joined Nestlé in 1980, taking on a number of roles in the UK and overseas