Finance news – Page 48
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NewsMedia Bites 6 September: Wilko, Lidl, Retail shares
Wilko’s administrators have begun to break up the collapsed discount retailer, with more than 1,300 new job losses and a sale of 51 stores
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NewsBig name brands boost Pernod Ricard off-trade share despite sales dip
Jameson, Malibu and Absolut helped Pernod slump by less than the wider grocery category
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NewsCity snapshot: UK retail sales boosted by improved consumer confidence
UK retail sales were up 4.1% in August as consumer confidence improved amid easing inflation. Plus PZ Cussons makes offer for Nigerian business, trading update from DS Smith and all the latest news from the City
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NewsMedia Bites 5 September: Asda, Wilko, Butternut Box
The billionaire owners of Asda have been asked by MPs for details of interest free-loans allegedly provided to fund the purchase of private jets
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NewsJuice Burst maker Purity Soft Drinks sees sales surge
Purity Soft Drinks, the maker of Juice Burst, has seen sales jump by 37% and profits double in its most recent financial year
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NewsOrnua Foods UK reports positive 2022 performance despite challenges
The Pilgrims Choice owner saw turnover increase by 20% from £400m to £480m, which it attributed to stable sales volumes and more sustainable pricing
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NewsRadnor Hills buys Highland Spring Group Welsh production site
Radnor Hills said it had sought an expansion opportunity in Wales for some time
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NewsCity snapshot: Nestlé sells peanut allergy treatment brand Palforzia
Nestlé has announced this morning it has divested peanut allergy treatment business Palforzia to Swiss healthcare company Stallergenes Greer
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NewsUK food and drink insolvencies surge
The number of UK food and drink manufacturing companies entering insolvency has more than doubled over the past 12 months, according to research from management consultancy groups Inverto
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NewsMedia Bites 4 September: Tesco/Shop worker abuse, Wilko, Asda
Tesco’s chief executive has called for a change in the law to make abuse or violence towards retail workers an offence across the UK
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NewsCity News: Pernod Ricard shares slide on US and China slowdown
Pernod Ricard hailed a “very strong” annual performance as it recorded double-digit sales growth and expanded margin, but shares were hit by warnings of slowdowns in key markets of China and the US
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NewsShareAction reports success in forcing healthier food policies
Pressure from a shareholder-led campaign group has resulted in major food and drink companies making their products healthier, research shows
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NewsItsu grocery sales to pass £50m thanks to NPD and new listings
Itsu’s grocery arm is on course to pass the £50m revenue mark this year after new listings and NPD drove a £10m-plus jump in third party sales
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NewsCity snapshot: Kris Licht to become Reckitt Benckiser CEO next month
Reckitt Benckiser has announced Kris Licht will take over from Nicandro Durante as CEO on 1 October
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NewsMedia Bites 1 September: Wilko, M&S, Reckitt Benckiser
The owner of HMV is finalising a deal to rescue the majority of Wilko’s operations, salvaging more than 8,000 jobs at the stricken high street retailer
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NewsHolland & Barrett accounts reveal extent of struggle
Holland & Barrett’s owner LetterOne bought back £700m of its debt in November 2022
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NewsPlastic tax needs ‘urgent rethink’ following Treasury’s £280m windfall
Earlier this month, figures from HMRC revealed the tax generated £276m in its first year of operation, £40m more than estimated by the Treasury before it was introduced
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NewsLoah hits £300k crowd goal to scale non-alcoholic beer
Alcohol-free beer startup Loah has hit a £300k crowdfunding target to help win further retail distribution and push into the on-trade
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NewsCity snapshot: Pernod Ricard hails ‘very strong’ annual performance in ‘normalising environment’
Pernod Ricard has posted double-digit annual sales growth despite ‘volatile’ market conditions, while expanding its margins
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NewsMedia Bites 31 Aug: M&S, Wilko, Asda
Marks and Spencer is making a return to the FTSE 100 four years after it dropped out