Finance news – Page 75
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NewsCity snapshot: Footfall growth slows as high streets and shopping centres outperform retail parks
According to the monthly BRC-Sensormatic IQ Footfall Monitor UK retail footfall fell back in February after Christmas and the January sales amid concerns that shoppers are making fewer visits to the shops due to pressures on the cost of living
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NewsWholegood hunts for funding to ease cashflow issues
Specialist wholesaler Wholegood has hired advisors to explore funding options and ease cashflow pressures. The Grocer has learned the London-based group is close to securing growth funding, with financial advisory firm Kroll working on a deal.
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NewsThis raises £15m in series B funding round to fuel ongoing rapid growth
Meat alternatives brands This has closed a £15m funding round as it seeks to maintain rapid growth.
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NewsPerfectTed wins Dragons’ Den backing from Steven Bartlett and Peter Jones
Energy drinks start-up PerfectTed has secured high-profile investment following an appearance on the BBC’s Dragons’ Den.
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NewsMedia Bites 3 March: WH Smith, Haleon, AB InBev
WH Smith is hit by a second cyberattack in less than a year, while results from Haleon and AB InBev are also picked up by the papers
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NewsCity snapshot: Haleon boosted by strong ‘power brands’ growth in debut annual results
Consumer health group Haleon has posted a double-digit revenue and profits jump in its first annual results as a listed company
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NewsMedia Bites 2 March: Veg shortages, Reckitt Benckiser, Just Eat Takeaway
UK households face a heightened risk of shortages of carrots and leeks this year as the domestic farming sector struggles to adapt to more extreme weather and higher input costs, the president of the National Farmers’ Union has warned.
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NewsVimto maker Nichols back in the black but inflationary pressures persist
Soft drinks group Nichols has returned to the black thanks to a 14.3% jump in sales, with Vimto selling particularly well overseas. However, chairman John Nichols warned ongoing inflationary pressures continued to make life difficult in 2023.
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NewsHeura sales boom as it grows UK distribution for plant-based brand
In 2020 just 6% of sales occurred outside of Spain, while this number hit 12% in 2021 and 23% in 2022.
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NewsMedia Bites 1 March: Ocado, Sainsbury’s/Argos, grocery inflation
Annual losses at Ocado have skyrocketed as shoppers cut back on online grocery purchases and costs were driven up by inflation and technology spending
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NewsCity snapshot: Profits and sales jump at Reckitt as prices rise
Annual revenues at Reckitt Benckiser have increased 9.2% to £14.5bn as the Dettol to Durex owner increased prices by almost 10%. Plus, the latest BRC shop price index, and annual results from Vimto owner Nichols, Just Eat Takeaway and Glanbia
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NewsHousehold goods player McBride points to further price hikes as it cuts losses
Private label househole goods manufacturer McBride said it had delivered a first half performance in line with its business recovery plan, despite facing a further spike in costs in the period
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NewsGrocery inflation hits new 17.1% high as discounter growth soars
Grocery price inflation has soared to a new high of 17.1% as the discounters continue to rapidly take share from the major supermarkets
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NewsCity snapshot: Ocado shares slump as annual loss hits £500m
Ocado has posted a statutory loss of over £500m after a slowdown in its retail operations, sharply rising costs and one-off charges hit its bottom line. Plus, Kantar finds grocery inflation hits new high, profits and sales up and Kitwave and McBride posts first half recovery
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NewsMedia Bites 28 February: Fruit & veg shortages, John Lewis, M&S, Primark, Morrisons
Ongoing fruit & veg shortages continue to make headlines, with the papers also reporting on Pippa Wicks parting ways with John Lewis and the latest ABF results
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NewsMedia Bites 27 Feb: Fruit & veg shortages, Reckitt Benckiser, Waitrose
Shortages of some fresh fruit and vegetables such as tomatoes and cucumbers could be the ‘tip of the iceberg’, the National Farmers Union has said
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NewsCity snapshot: ABF issues profits upgrade as inflation steadies
Associated British Foods has lifted its profit forecasts for the year as inflation becomes less volatile and commodity costs start to decline. Plus, DX group reports strong first half
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NewsCity News: Mixed feelings on Danone’s turnaround progress
Danone shareholders were boosted this week by better-than-expected end of year numbers, but debate remains over how far along the dairy giant is on the path to turnaround
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NewsFood and drink M&A activity edges up in Q4 as market shows ‘green shoots’
Food and drink deals ticked up in the fourth quarter of 2022, boosting hopes dealmaking will rebound in 2023 after economic turmoil effectively froze the market last year
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NewsFarmison pulls £2m crowdfunder as part of strategic rethink
DTC butcher Farmison has pulled a £2m crowdfunding raise as it puts the brakes on ambitious growth plans amid the challenging macroeconomic climate of squeezed consumer spending and surging costs.