Finance news – Page 69
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NewsMarket reacts positively as Tesco beats expectations despite margin squeeze
Tesco’s margins and profits were hit by shoppers cutting back last year, but the market reacted positively to its tightrope walk between protecting margins and market share
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NewsCity snapshot: Devro delists from stock exchange as £564m takeover completes
Scottish sausage skin maker Devro will delist from the stock exchange today after finalising its £564m takeover by German group Aria.
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NewsMedia Bites 14 April: Tesco, Asda, Sainsbury’s/milk
Britain’s biggest grocer expects flat full-year profits as inflation continues to take a toll on its customers and suppliers
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NewsTesco profits halved amid ‘incredibly tough year’ for consumers
Tesco’s full-year profits have more than halved as lower sales volumes, cost inflation and writedowns of its property and assets due to economic conditions. Plus Science in Sport decides against sale and trading updates from PZ Cussons and Imperial Brands
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NewsMedia Bites 13 April: Planet Organic, Tesco, British growers
Holland & Barrett is weighing a last-ditch rescue bid for Planet Organic, according to media reports this morning.
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NewsRicky Gervais invests in canned water brand Cano Water
UK canned water market leader Cano Water has received multimillion-pound funding from investors including the comedian
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NewsPerkier smashes new crowdfunding round
The snack bar brand plans to use the money to increase digital marketing and push trade marketing investment
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NewsGenius Foods secures refinancing to invest in factory
The business has raised funds to improve efficiency and production lines in its bakery based in Bathgate, Scotland
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NewsMedia Bites 12 April: Sainsbury’s/Nectar, Black Sheep Brewery, UK economy
Sainsbury’s has begun offering lower prices on more than 300 items to members of its Nectar loyalty card scheme in a move that will rival Tesco’s Clubcard scheme
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NewsCity snapshot: Record first-half sales at Treatt as drinks volumes prove resilient
Ingredients manufacturer Treatt has reported a strong start to the year, registering record sales in the first half
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NewsSquirrel Sisters enters 50/50 partnership with GFT Retail
GFT Retail will be responsible for operations, warehousing & logistics and support in marketing and sales for the brand
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NewsFarmison collapses as rescue deal proves out of reach
Most of the 75 employees at the Yorkshire-headquartered company were made redundant on appointment of administrators as the business ceased trading
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NewsCity snapshot: Mother’s Day boosts retail sales, but growth lags inflation
Mother’s Day boosted UK retail sales growth in March, but wet weather and consumers cutting back meant overall growth lagged well behind inflation
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NewsMedia Bites 11 April: Tesco, Poundstretcher, Love Hemp, Unilever
Tesco is in focus as the supermarket giant gets set to publish its annual financial results on Thursday.
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NewsKeeto Life to boost range with £500k funding injection
Low-carb food producer Keeto Life has secured £500k to push into supermarkets and expand its range
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NewsCity News: Hilton Food Group tries to leave inflation woes in the past
A new CEO and a more bullish outlook was not enough to convince the City Hilton Food Group has fully left last year’s inflation-driven travails in the past
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NewsFresh fruit supplier receives $300m investment with HSBC UK support
Westfalia Fruit Group claims to be the world’s leading avocado supplier and is looking to expand its sustainable avocado production
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NewsReal Good Food raises £550k to ride out ‘perfect storm’
Cake decoration specialist Real Good Food has taken out a £550k loan from key investors to see it through a ‘perfect storm’ of rising costs and falling sales
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NewsGSK veteran Nick Cooper joins Quorn as chief financial officer
Cooper worked in several finance roles across GSK’s pharmaceuticals and consumer healthcare divisions
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NewsHilton Food Group hands reins to former Co-op boss Steve Murrells
Former Co-op Group boss Steve Murrells has been appointed as the new CEO of meat processing giant Hilton Food Group.