Finance news – Page 83
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NewsVibrant Foods losses improve as turnaround progresses
Losses have narrowed significantly at Vibrant Foods as the private equity-backed group made progress in a turnaround attempt
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NewsMedia Bites 14 October: Waitrose’s James Bailey, Home Bargains, Energy bills and farming
Waitrose executive director James Bailey traces his love for the upmarket retailer back to his mum taking him to the Eastbourne branch as a six-year-old
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NewsCity snapshot: Golden quarter set to shine for retailers
Retailers can look forward to the strongest golden quarter since before the pandemic despite gloomy consumer confidence levels, according to a panel of industry experts
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NewsSainsbury’s shares slump as Qatar Investment Authority reduces stake
Qatar’s sovereign wealth fund is selling stock in the supermarket worth £306m, reducing its holding by about 5%
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NewsUnitas Wholesale appoints new finance director Nick Shaw
Shaw will join a reconfigured executive team at the buying group
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NewsMedia Bites 11 October: UK economy back in growth, workers reforms
The UK economy has returned to growth in August
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NewsCity snapshot: THG raises £95m to progress Ingenuity spin-off
THG has raised £95.4m from shareholders to help fund its planned demerger of the Ingenuity DTC platform. Plus, the group also published Q3 results
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NewsSoft drinks challengers Nix & Kix and Square Root find rescue deals
Soft drink challengers Nix & Kix and Square Root Soda have secured rescue deals to ensure the survival of the brands after being hit by challenging headwinds in the category
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NewsGreencore investors show continued appetite for shares
Shares in Greencore shot up 10% this week as another profits upgrade led to analysts in the City raising their target prices for the stock
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NewsUnilever finally completes exit from Russia
Unilever had previously resisted calls to exit Russia
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NewsFreshways continues bounceback with 435% leap in profits
Sales also climbed, by 3% to £359m, according to the supplier’s 2023 accounts
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NewsFWD to offer extra funding in revamped bursary
The FWD’s Fellowship Fund has been renamed and given extra funding
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NewsWhole Foods Market UK losses narrow after value push
The Amazon-owned grocer began a value campaign in 2023 in a bid to lure UK shoppers to its stores
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NewsCity snapshot: Treatt confident in long-term prospects after strong second half
Treatt has maintained profits and sales expectations for the year thanks to strong momentum in the second half. Plus, Waitrose unveils multi-year partnership with Just Eat
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NewsMedia Bites 10 October: Quality Street, Ratan Tata, online shopping
Quality Street is trialling a paper tub. Ratan Tata, the former Tata Group chairman, has died at 86
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NewsPrime Time’s functional beer tempts crowdfunders after Waitrose debut
The raise values the company at £14m
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NewsBirds Eye loses market share despite revenue boost
Birds Eye has faced stiff competition since brands began piling into frozen foods
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NewsWhittard back in profit as shoppers return to high street
The tea and coffee retailer saw turnover grow 8% in 2023
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NewsKP Snacks defies inflation to double profits in past three years
Pre-tax profits grew £30m last year as the company boosted margin
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NewsGenius Foods replaces CEO as turnaround continues
Adam Smart leaves the company after 18 months in the job