Finance news – Page 66
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NewsCultivated petfood supplier Good Dog Food raises £3.6m
Good Dog Food has raised the seed financing to fund its efforts to create slaughter-free alternatives for petfood
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NewsHeck reduces range to focus on core, profitable lines
The group has dialled back its category expansion ambitions after falling to a loss last year
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NewsCity snapshot: Pernod Ricard takes out first sustainability-linked loan
The loan will be linked to two sustainability commitments
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NewsMedia Bites 5 May: Food price inflation, AB InBev, Coronation shopping
Rishi Sunak is to hold talks with supermarket bosses, trade bodies and farmers this month to address concerns over surging food prices and wider industry issues
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NewsCity snapshot: SSP expands in North America with Midfield acquisition
Travel food retail specialist SSP Group has grown its business in North America with the acquisition of the concessions business of Midfield Concession Enterprise. Plus trading updates from Virgin Wines and Domino’s Pizza Group
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NewsMedia Bites 4 May: Unilever, food inflation, Haleon
Shareholders have staged a revolt against Unilever’s pay for bosses over concerns about excessive rewards
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NewsMcCain and NatWest offer funding for sustainable farming
The initiative aims to reduce financial barrers for potato farmers transitioning to sustainable agricultural practices
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NewsKraft Heinz raises earnings expectations following price hikes
Price hikes have driven strong growth in first-quarter sales and helped to expand margins
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NewsBlack Sheep Brewery poised to enter administration
The Yorkshire brewer Black Sheep has issued a notice to appoint administrators after failing to find new funding
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NewsCity snapshot: Grocery sales growth falls back despite bumper Easter
Grocery sales growth fell in April as sales volumes dropped, despite a strong Easter with £3.1bn spent at the tills
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NewsMedia Bites 3 May: THG, Starbucks, Ocado
A former chief executive of Coty has been drafted in to help Apollo Global Management draw up a firm offer for THG
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NewsFrozen food wholesaler Hopwells acquires Windsor Foodservice
Hopwells said the deal formed part of a strategic plan to expand its geographical reach and overall offering
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NewsCity snapshot: Food inflation hits new high but pricing predicted to ease
Food inflation reached another record high in April but the rate of price inflation may have peaked
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NewsMedia Bites 2 May: John Lewis Partnership, grocery inflation, THG
John Lewis is slashing the size of its central London headquarters by more than half, after thousands of staff left their desks to work from home
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NewsSainsbury’s beats market expectations but pledges continued price investment
Sainsbury’s annual profits beat market expectations and its outlook was rosier than City watchers had feared. However, shares fell on Thursday as the supermarket warned it would continue to invest in price to maintain market share.
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NewsCoffee logs supplier Bio-Bean collapses following on-site fire
The supplier, which makes fuel from recycled coffee grounds, appointed KRE Corporate Recovery as administrator this month
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NewsFarmison eyes push into supermarkets under Andy Clarke
Farmison is set to make a renewed push into mainstream supermarkets, after being rescued from administration by former Asda boss Andy Clarke this week.
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NewsManiLife peanut butter secures more than £1m in crowdfunding push
Manilife has blitzed an £830k crowdfunding round as the peanut butter brand eyes new grocery listings and increased consumer awareness
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NewsMedia Bites 28 April: Unilever, Sainsbury’s, Amazon
Sainsbury’s and Unilever have both insisted they are protecting shoppers from inflation, amid accusations that some companies are profiteering from the cost of living crisis.
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NewsCity snapshot: UK vacancy rate stabilises amid retailer caution
The UK retail vacancy rate ended five quarters of post-Covid improvement in the first three months of 2023, remaining at 13.8% amid widespread caution in the retail sector.