Finance news – Page 56
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NewsFaith in Nature welcomes crowd investment to push green credentials
Faith in Nature has smashed a £550k crowdfunding target as the eco personal care brand welcomed outside investment for the first time in its 50-year history
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NewsNumber of food and drink business administrations soars in first half
The number of failures in the sector is on track to more than double year on year, according to new figures
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NewsCity snapshot: Virgin Wines UK hits forecasts as it makes strategic progress
Virgin Wines UK is trading in line with expectations, as the under-pressure DTC retailer is set to report falling revenues and profits
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NewsMedia Bites 17 July: Tesco, inflation, shoplifting, Getir
Tesco is pushing suppliers to pass on savings from falling costs as Britain’s biggest supermarket sets out to cut prices more aggressively than its rivals.
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NewsCity snapshot: McBride ups guidance after strong end to the year
Shares in household goods manufacturer McBride have jumped this morning after it confirmed it had moved back into profitability in the current financial year
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NewsHaribo steadfast in face of HFSS rules as revenues hit new high
Revenues at Haribo have soared to record levels despite the sweets maker battling government restrictions and rising costs.
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NewsTyphoo turnaround ‘in progress’ despite more heavy losses
Pre-tax losses at the group totalled £8.5m in the year ended 30 September 2022
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NewsMedia Bites 14 July: Aspartame, Haleon, Prime
A report by the World Health Organisation on aspartame makes headlines this morning, alongside widespread layoffs at Haleon.
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NewsCoca-Cola launches $138m sustainability fund to reduce carbon footprint
The Coca-Cola Company and its bottling partners around the world have closed a $138m (£105.6m) venture capital fund focusing on sustainability investments
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NewsCity Snapshot: Domino’s Pizza Group brings in new CEO
Domino’s Pizza Group has announced the the appointment of Andrew Rennie as its new CEO. Plus trading updates from Pepco and C&C Group
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NewsMedia Bites 13 July: Superdrug, Co-op, Molson Coors, JD Wetherspoon
In a quiet morning for fmcg news, the papers pick up on financial results at Superdrug and a potential frontrunner to take the chair at Co-op Group.
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NewsIceland boss ‘shocked’ at struggles of Irish stores buyer
Iceland Foods sold all of its stores in Ireland in February this year
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NewsSamworth poised to axe plant-based Revolution Kitchen business
Samworth Brothers is exploring the closure of its lossmaking plant-based Revolution Kitchen business, putting hundreds of jobs at risk
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NewsMedia Bites 12 July: Battery eggs, shoplifting, John Lewis
Battery eggs should not be sold in the UK as part of post-Brexit trade deals, animal welfare groups said
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NewsCity snapshot: Wincanton volumes hit in challenging market
Revenues have declined at logistics provider Wincanton as its grocery, consumer and general merchandise divisions recorded lower volumes amid the ongoing economic headwinds.
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NewsRTD cocktail brand Whitebox ready for UK and export growth thanks to crowd backing
RTD cocktail startup Whitebox has beaten a £450k crowdfunding target as it aims to ramp up NPD and grow distribution in the UK and overseas
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NewsJude’s forecasts more rapid growth as sales jump 38%
The sustainable ice cream brand significantly expanded distribution and boosted its offering with wide-ranging NPD, including a move into plant-based products
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NewsMedia Bites 11 July: Waitrose, Amazon, Ocado
Waitrose customers will have the option to order their produce from Uber Eats after the supermarket signed a multi-year deal with the online delivery company.
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NewsCity snapshot: Warm weather boosts June retail sales
The hottest June on record boosted UK retail sales last month, according to the BRC-KPMG Retail sales monitor, though sales growth continues to significantly lag inflation
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NewsPooch & Mutt snapped up by production partner Vafo
Petfood brand Pooch & Mutt has been taken over by long-term production partner and backer Vafo in ‘a multimillion-pound deal’