Finance news – Page 87
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NewsCity snapshot: International restructuring sends Hotel Chocolat to £8.7m annual loss
Costs arriving from the retrenchment of its international business send Hotel Chocolat to a annual loss of £8.7m despite strong sales growth in the UK as in-store revenues bounced back
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NewsMedia Bites 1 December: inflation, Brexit, Huel
The papers all pick up the latest inflation data from the BRC’s shop price index.
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NewsHuel valued at $560m as celebs join new fundraising round
Plant-based meal replacement brand Huel has raised a further $24m (£19.9m) to underpin its global growth plans, counting some high-profile celebrities among its new financial backers
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NewsMedia Bites 30 Nov: Wilko, Christmas turkey, Nestlé
The struggling discount chain Wilko has warned it could run out of money if it is unable to secure additional financing by the end of next year
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NewsCity snapshot: Food inflation races to new record high as price of eggs soar
Food inflation has hit new record highs as egg, dairy and meat prices all soar, leading to increasing pressure on households in the run up to Christmas.
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NewsCity snapshot: Greencore sales and profits jump on food-to-go rebound
The strong rebound in food to go boosted annual revenues and profits at Greencore, though the group warned of “further substantial inflation” in the coming year. Plus updates from Unilever, Treatt, Supreme and all the rest of the latest news from the City.
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NewsMedia Bites 29 November: EG Group, high street, eggs
The petrol forecourts business owned by the billionaire Issa brothers has been accused of profiteering after gross fuel profits rose by 20% to $1.7bn.
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NewsCity News: Bakkavor shares tumble on warning of lower profits
While sales volumes had held up through the summer, they had taken a downward turn in September
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NewsMedia Bites 28 Nov: Black Friday/UK retail, Devro, Amazon
Black Friday sales bounced back this year as shoppers looked out for good deals, despite predictions the higher cost of living would dampen the event
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NewsCity snapshot: DX Group invests £3.6m in depot network
Logistics group DX is investing £3.6m into upgrading its existing depot network as part of its “ambitious” growth plans.
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NewsCity snapshot: Andy Bond rejoins Pepco board as chairman
Former CEO Andy Bond will rejoin the board of Poundland owner Pepco as chairman after stepping down from his former role earlier this year
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NewsMedia Bites 25 Nov: Cranswick, Black Friday, UK hospitality
One of the UK’s biggest pork producers has spent £4m hiring butchers from the Philippines, after a staffing crisis threatened to hamper production
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NewsHancocks Cash & Carry owner eyes private equity sale
The owner of speciality wholesaler Hancocks Cash & Carry is gearing up for a potential sale as investment banking partners prepare to send out documents to prospective investors
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NewsCity snapshot: Collect+ growth boosts PayPoint sales
Retail technology firm PayPoint has posted a rise in first half revenues and comparable profits despite a “challenging and unpredictable economic environment”
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NewsMedia Bites 24 November: Pets at Home, Britvic, cost-of-living crisis
Half-year results for Pets at Home and annual figures from Britvic are picked up by this morning’s papers.
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NewsHolland & Barrett apologises over late payments as owner concludes £700m debt deal
Holland & Barrett has vowed to improve supplier relations amid growing protests from small suppliers over late payments extending past 120 days, with new government data showing the business paid almost 60% of invoices outside its agreed terms
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NewsBakkavor shares sink as volumes come under pressure
Shares in Bakkavor have plunged as the prepared foods group warned annual profits would be at the lower end of forecasts as volumes took a hit from the squeeze on consumer spending power.
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NewsCity snapshot: Britvic sales and profits fizz during hot summer
Revenues and profits at Britvic have fizzed higher as the group’s range of soft drinks proved popular over a hot summer and the out-of-home market recovered from the pandemic. Plus, Bakkavor warns of volume hit in Q3 and Pets at Home reports interims.
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NewsMedia Bites 21 Nov: AB InBev, Christmas spending, Tunnock’s
Following Qatar’s last-minute decision to ban alcohol at World Cup stadiums, Budweiser will ship the unsold Buds to the country that wins the tournament
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NewsBetter Nature lands £700k funding boost to build tempeh awareness
Better Nature has raised new seed funding to fuel retail growth of its tempeh range in the UK and Europe ahead of a bigger series A round next year