Finance news – Page 70
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NewsPlanet Organic seeking £3m to fund new rescue plan
Planet Organic has until next week to secure a deal, with the rescue plan outlining a new slimmed-down business
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NewsCity snapshot: THG signs 10-year partnership with beauty and fragrance group Maximo
THG has announced a strategic partnership with beauty e-commerce retailer Maximo Group that will see its Ingenuity platform underpin its online operations
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NewsMedia Bites 6 April: Co-op, Hilton Food Group, Berry Bros
The papers pick up on the latest annual results from the Co-op this morning.
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NewsDavid Wood Baking battles surging inflation
David Wood Baking has relieved pressures by sourcing new funding and pushing through price hikes to recover soaring input costs.
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NewsOddbox reports loss as it invests in winning wonky veg customers
Newly filed accounts for the year ended 30 June 2022 revealed the business fell to a £4.8m pre-tax loss, compared with profits of £540k in the previous financial year.
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NewsParfetts drives sales through the £600m barrier for the first time
Sales at the Stockport-based wholesaler jumped 6.1% to £605m in the year to 30 June 2022
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NewsMedia Bites 5 April: L’Oreal, Hammerson, UK economy
L’Oreal has splashed £2bn on fancy hand wash maker Aesop in its biggest deal in decades
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NewsCity snapshot: Co-op boosts profits with “robust” performance but inflationary challenges continue
The Co-operative Group has hailed a “robust” set of annual results as the mutual’s profits received a boost from the sale of petrol forecourts to Asda and cost-cutting. Plus, former Co-op Group boss Steve Murrells appointed as CEO of meat processing giant Hilton Food Group. Hilton also reported a fall in full-year profits.
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NewsFreestar 0.5% beer brand hits crowdfunding goal in 48 hours
Money from the campaign will be invested to drive further draft listings and support the brand’s retail presence
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NewsCity snapshot: UK supermarket sales growth continues to lag inflation
UK supermarkets posted double-digit growth in March, but sales growth continues to lag food price inflation, according to new grocery market share figures
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NewsChill Brands raises £2.6m to develop CBD vapes
International CBD group Chill Brands said the money would also fund a marketing drive for its e-commerce site
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NewsMedia Bites 4 April: John Lewis, Warburtons, L’Oréal
A self-published author who sued John Lewis over its 2019 Christmas advert about a trouble-making dragon has lost her case.
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NewsDing Dong Dim Sum wins backing to scale DTC brand
Thomas Greenwood-Mears and Maya Rodricks launched the London dim sum brand in 2021 and has since sold 70,000 boxes direct to consumer on its ecommerce website
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NewsCity snapshot: Lavazza keeps lid on price rises to boost volumes in 2022
Lavazza has boosted turnover by 17.6% to €2.7bn as the coffee products group kept a lid on price rises and increased volumes across all the markets in which it operates.
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NewsMedia Bites 3 April: John Lewis Partnership, Co-op, Marks & Spencer
John Lewis Partnership was forced to defend the health of its pension fund after it emerged that the market value of its pension assets had plunged by £2.8bn
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NewsCity news: AG Barr shares hit despite stellar growth
Shares in AG Barr suffered this week despite the Irn-Bru maker posting stellar annual growth, as investors reacted to the impact of investment on margin recovery
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NewsHeinz blames costs as price rises exceed rivals
Heinz has been at the centre of a storm over price hikes
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NewsBritvic appoints Rebecca Napier as CFO and executive director
Napier will replace Joanne Wilson, who is leaving Britvic on 18 April to join WPP as its finance director
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NewsMedia Bites 31 March: Morrisons, Ocado, Planet Organic
Quarterly sales at Morrisons returned to growth for the first time in two years
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NewsCity snapshot: Ocado declares ‘total victory’ in legal battle over technology
Ocado announced last night it had ‘comprehensively won’ a legal battle with rival AutoStore over the intellectual property related to its technology