Finance news – Page 460
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NewsSnack start-up Emily Crisps secures investment funds
A ‘significant’ minority stake has been sold to investment vehicle Inverleith LLP & Hothouse Brands Ltd
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NewsPoundland considers closing 80 stores
Poundland is weighing up the closure of up to 80 shops following the integration of the 99p Stores estate.
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NewsMedia Bites 28 November: Tesco Bank, Poundland, Black Friday, Brexit, British American Tobacco
Tesco Bank is facing criticism for ‘failing to act’ to a warning about a security flaw; Black Friday comes under the media glare this weekend with the high streets quiet as shoppers buy online; and Poundland could close up to 80 stores in a sell off.
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NewsMorrisons resurrects Safeway brand as it deepens wholesale links
Morrisons believes it has sniffed out an opportunity to leverage its foodmaker credentials in the independent sector
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NewsCity News: Finsbury Food shares hit by Brexit woes
Investor enthusiasm for Finsbury Food Group cooled significantly this week.
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NewsMedia Bites 25 November: Iceland, Lidl, Aldi, Tesco
Iceland vs Iceland hits the headlines this morning as the country takes legal action against the frozen supermarket.
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NewsCity snapshot: Primal Pantry secures cash injection from food industry heavyweights
Paleo snack bar brand The Primal Pantry has won the backing of three food industry heavyweights as it looks to continue high levels of growth experienced since launching in 2014. Plus, Quorn’s latest export push, and a fall in sales at tea brand Typhoo.
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NewsTyphoo tea sales fall as Brexit brews up further trouble for tea brand
Typhoo is the latest casualty in the tea category as falling retail prices, heavy supermarket promotions and flagging demand in the everyday black tea market led to a more than 9% fall in annual sales.
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NewsQuorn gears up for fastest-ever overseas expansion
Quorn is stepping up its ambitious worldwide growth plans with the start of operations in Asia. It has also shaken up the management team with a new CFO and sales director.
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NewsPrimal Pantry bags investment from trio of industry heavyweights
Mark Palmer, Jeff van der Eems and former Cadbury chief strategy director Mark Reckitt have all taken minority stakes in the business.
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NewsCheddar takes £60m hit as rationalisation affects brands
Brands bore the brunt of these losses as retailers took an axe to ranges
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NewsKitwave buys independent alcohol wholesaler HB Clark
The wholesaler has also announced Jay MacKay will join the group as the new managing director
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NewsMedia Bites 24 November: Autumn Statement, Walmart, Black Friday, Chapel Down
Reaction and coverage of Chancellor Philip Hammond’s first Autumn Statement dominates the paper this morning.
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NewsPayPoint sales decline in first half
Revenues at PayPoint slipped in the first half following the disposal of its online payment businesses but underlying operating profits increased 15.6%
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NewsAutumn Statement 2016: UK economy wobbles as Brexit feeds uncertainty
Chancellor Philip Hammond has warned that growth in the UK economy is set to slow down and borrowing will rise in the wake of uncertainty created by Brexit.
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NewsAutumn Statement 2016: Snap industry reaction
Following this afternoon’s autumn statement announcement by the chancellor Philip Hammond, here is a round-up of comments from industry figures on the likely effect on the UK economy over the next fiscal year
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NewsMedia Bites 23 November: Morrisons, Aldi/Lidl, Brexit, FDF, Compass
Morrisons’ revival of the Safeway brand after 11 years as part of an attempt to get back into the fast-growing convenience market comes under the media glare.
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NewsFinsbury Food takes steps to battle rising input costs
Finsbury Food Group has modified its promotional activity and weighed up reformulating its products to battle the big jump in input costs caused by the decline in sterling.
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NewsDr Pepper Snapple swoops for $1.7bn health drinks group
Dr Pepper Snapple Group has announced it has agreed to buy US health drinks group Bai Brands for $1.7bn ($1.37bn).
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NewsMorrisons revives Safeway brand and trials Rontec food offer
The Safeway brand will be used on a range for independent retailers