Finance news – Page 88
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NewsCity Snapshot: Price hikes boost Cranswick sales but profits slip on cost recovery delays
Meat and poultry specialist Cranswick has posted a double-digit rise in first half sales on strong pricing, but profits were dented by the lag in recovering soaring inflation
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NewsMedia Bites 22 November: CBI conference, eggs, food production, fuel, Waitrose, Compass Group
The papers cover the speeches of John Lewis boss Sharon White and PM Rishi Sunak at the annual Confederation of British Industry conference.
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NewsCBD One raises crowd cash to bolster food and drink presence
Wellness brand CBD One has hit a £225k crowdfunding target as it expands its presence in the food and drink market.
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NewsReal Good Food secures £2.5m to support turnaround
Embattled Real Good Food has secured additional funding to support its ongoing turnaround efforts. Investors greeted the news positively, sending shares soaring 62% to 1.7p today.
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NewsMister Free’d secures funding as it lands B Corp certification
Gluten-free snack maker Mister Free’d has landed a six-figure funding package and secured B Corp certification.
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NewsIceland founder Malcolm Walker rebuffs takeover suitors
Opportunistic investors are reported to have bought the supermarket’s debt for as little as 67p in the pound earlier this year, in a strategy that can prelude a debt-for-equity swap and takeover if borrowing becomes unaffordable
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NewsCity snapshot: Compass Group accelerates ahead of pre-pandemic trading
Profits have soared at catering giant Compass as annual revenues surpassed pre-Covid levels and the business completed its recovery from the pandemic. Plus, Real Good Food secures new funding to supoort turnaround; and
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NewsMedia Bites 21 Nov: Iceland, Lottery, UK Retail sales
The founder of Iceland has reasserted his intention to retain control of the frozen foods retailer after rebuffing takeover interest from several suitors since the onset of the pandemic
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NewsCheeky Panda returns to crowd to boost rapid growth
Cheeky Panda is set to launch a new funding round to continue rapid growth and grab a larger share of the personal care market.
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NewsFarmison guarantees availability of turkey for Christmas season
Farmison has guaranteed Christmas turkey availability as the premium online butcher kicked off a £2m crowdfunding campaign.
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NewsCity snapshot: Parsley Box sets out delisting timetable to leave AIM
Embattled DTC group Parsley Box has set out a timetable for cancelling its listing on London’s junior exchange. Plus, consumer confidence edges up in November and October’s UK retail sales rebound.
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NewsMedia Bites 18 November: Autumn Statement, Lidl, avian flu
The front pages are dominated by reaction to the Autumn Statement.
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NewsCity News: Premier Foods shares decline despite' highly creditable performance'
Premier Foods boosted sales in the first half as households turned once more to home cooking in a bid to cut costs as food prices soared to 45-year highs.
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NewsCity snapshot: Lidl wins new shoppers ahead of Christmas as annual sales increase
Annual revenues at Lidl have increased as it continued to attract new shoppers looking to cut down on household spending. Plus, a trading update from Finsbury Food Group.
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NewsMedia Bites 17 November: Premier Foods, inflation, autumn statement
Premier Foods has posted a rise in revenue fuelled by growing demand for cheaper products as customers turn to home cooking in the face of a cost of living squeeze (The Financial Times £). Mr Kipling owner Premier Foods has posted a rise in first-half profit and ...
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NewsFood inflation hits highest level in 45 years
Food and non-alcoholic beverage prices rose by 16.2% in the 12 months to October, up from 14.5% in September, according to the ONS
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NewsDX Group appoints Mark Hammond as executive chairman
Hammond will take over from retiring chairman Ron Series, who spent five years at the business
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NewsEncirc acquires Accolade Wines’ UK bottling and warehousing site as part of £30m deal
The deal, which is scheduled to close in January 2023, aims to support the wine producer’s growth strategy in key markets including the UK and Europe
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NewsCity snapshot: Premier Foods grows profits and sales as shoppers stay home to cut costs
Squeezed shoppers have turned to Premier Foods’ stable of household brands as they cut down on eating out, boosting sales and profits at the supplier group. Plus, inflation hits 11.1% as food prices soar at fastest rate since 1977, Deliveroo exits Australia, McBride warns of continued cost pressures, and Eagle Eye acquires French personalised promotions firm
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NewsMedia Bites 16 November: avian flu, Imperial Brands, champagne, Ocado
The avian flu outbreak is leaving high-end butchers struggling to source hand-reared and organic birds, while eggs shortages hit supermarkets and hospitality.