Finance news – Page 81
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NewsCity News: Ocado misses out on yearly growth despite Christmas rebound
Ocado shares were rocked this week by its first drop in annual sales
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NewsLily’s Kitchen revenues soar in post-Covid pet ownership boom
Revenues at the natural petfood brand, which was snapped up by Nestlé in April 2020, shot up 31.6% in the year to 31 March 2022
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NewsPlant-based brands lead the way as crowdfunders defy inflation pressure
The latest annual report by Seedrs revealed a 24% uptick in successful campaigns in the category to 97 in 2022, with businesses raising £105.1m in total, a year-on-year increase of 14%.
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NewsCity snapshot: UK retail sales fall in December as consumers cut back
UK retail sales volumes fell back in December, according to the Office of National Statistics, as consumers cut back on spending because of inflation
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NewsMedia Bites 20 Jan: Lloyds Pharmacy/Sainsbury’s, Premier Foods, Deliveroo
Lloyds Pharmacy is to pull out of 237 in-store Sainsbury’s branches, potentially putting more than 2,000 jobs at risk
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NewsCity snapshot: Premier Foods Christmas sales jump on grocery growth as it shuts factory
Premier Foods has posted double-digit growth in its crucial third quarter as it announces the proposed closure of its Knighton powdered beverage factory affecting 300 roles. Plus, trading updates from Hotel Chocolat, Deliveroo, Bakkavor and Finsbury Food Group
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NewsMedia Bites 19 January: Inflation, WH Smith, Just Eat, Aldi
News of slowing inflation dominates the business pages today, but the papers also find room for robust results from WH Smith and Just Eat
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NewsDr Vegan raises six-figure funding to fuel growth
The £566k raise from private investors follows the business hitting sales of £2m in 2022, its second year of trading.
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NewsFlorette owner Agrial reports increased operating losses due to transport and labour issues
The company had a loss of £8.5m from £6.3m and an underlying operating loss of £5.8m for the year ended 31 December 2021
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NewsCity snapshot: Inflation slows again but food prices keep shooting higher
Food and drink prices continued to climb higher in December, but the UK headline rate of inflation slowed for the second month in a row. Plus, trading updates from WH Smith, Just Eat Takeaway and Eagle Eye
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NewsMedia Bites 18 January: Ocado, Asda/Co-op, THG
Ocado Group’s UK retail business, a joint venture with Marks & Spencer, reported a decline in annual sales for the first time yesterday
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NewsDiageo shells out €260m-plus for ‘super premium’ Don Papa Rum
Diageo has agreed to acquire Don Papa Rum, a super-premium, dark rum from the Philippines, in a deal worth up to €438m (£385m)
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NewsDanone announces plans for big methane emission reduction by 2030
The food company has said it expects to remove 1.2 million tonnes carbon dioxide equivalent of methane emissions by 2030
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NewsLynn’s Country Foods attributes profit hike to innovation and cost control
Lynn’s Country Foods has reported an operating profit of £9.4m for the year to 26 February 2022, up from £6.5m the previous year
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NewsCook delivers record-breaking Christmas sales figures a year on from cyber-attack
Like-for-like retail sales, including local delivery and click & collect across its 94-shop estate, were up 22% from £12.6m in 2021 to £15.7m
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NewsCity snapshot: Strong Christmas week drives Ocado Retail to fourth quarter growth
Ocado Retail saw 15% growth in the days leading up to Christmas to drag its overall fourth quarter sales up 0.3% despite a sharp drop in basket sizes. Plus, Diageo makes rum acquisition and trading updates from Naked Wines, THG and McBride
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NewsMedia Bites 17 January: M&S, Fortnum & Mason
The papers all pick up on plans by Marks & Spencer to open 20 large stores and create 3,400 jobs in a bid to rejuvenate its presence on the high street after bumper Christmas trading
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NewsFortnum & Mason will resume exports to Europe in 2023, after bumper Christmas
‘We can’t wait for the government establish better relations with the EU,’ CEO Tom Athron told The Grocer
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NewsMedia Bites 16 January: Sainsbury’s/Just Eat, M&S, Heinz
Sainsbury’s has joined forces with Just Eat Takeaway to offer home deliveries for groceries
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NewsCity snapshot: MP Evans boosted by high palm oil prices and increased production
Sustainable Indonesian palm oil producer MP Evans is expecting “an excellent result” thanks to continuing high commodity prices combined with growing production and crop numbers.