Finance news – Page 91
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NewsMedia Bites 2 Nov: Morrisons/McColl’s, Ocado, Food price inflation
Morrisons has said that it will close 132 lossmaking McColl’s convenience stores that it bought this year, putting about 1,300 jobs at risk
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NewsDriscoll’s completes Berry Gardens acquisition
Driscoll’s said the acquisition of the UK’s largest supplier of berries would help it to ‘become the world’s berry company’
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NewsCity snapshot: Ocado enters South Korea with Lotte Shopping partnership
Ocado shares have leapt after signing a deal with South Korean consumer conglomerate Lotte Group to roll out its technology in the country
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NewsAdonis raises seven-figure sum to take keto snacking mainstream
Functional snacking brand Adonis has raised more than £1m in an effort to gain market share as demand for keto products grows in the UK
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NewsRoam wins crowd backing to push sustainable sexual wellness brand into retail channel
Sexual wellness challenger Roam has raised almost £2m from the crowd as it prepares to expand beyond the DTC into retail.
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NewsMedia Bites 1 Nov: Wheat prices, Turkey shortages, EU inflation
Wheat and other wholesale food costs have risen sharply after Russia withdrew from an export deal designed to ensure crucial supplies flow from war-torn Ukraine
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NewsCity snapshot: Asda completes £438m Co-op forecourts acquisition
Asda has completed the acquisition of 132 forecourts and retail sites from The Co-op to underpin its strategy to enter the convenience retail space
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NewsMedia Bites 31 October: Harrods, Allwyn/Camelot, Insolvencies
Harrods swung back into profit earlier this year as shoppers splashed out again following the relaxation of pandemic restrictions
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NewsCity News: Unilever improves forecast but warns of further inflation
Unilever upped its full-year growth forecast this week as double-digit price hikes continue to drive strong organic growth – but investors reacted cautiously amid warnings of further inflation.
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NewsCity snapshot: Danone raises guidance on price-driven growth
Danone has raised its full year growth forecast after experiencing strong third quarter growth driven by a double-digit rise in pricing
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NewsMedia Bites 28 October: Unilever, Amazon, M&S
The papers report on Unilever hiking prices by record levels and a share rout at at Amazon as the tech giant forecasts a Christmas slowdown.
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NewsSt Pierre swallowed by world’s biggest baker Grupo Bimbo
The deal is expected to accelerate the already rapid growth of the brioche maker in the US and fuel further international expansion
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NewsDhamecha Foods posts £19.4m profit for the year ended 31 March 2022
According to newly filed Companies House accounts, the business posted a pre-tax profit of £19.4m for the year ended 31 March 2022
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NewsCity snapshot: Unilever ups sales forecast as soaring prices boost growth
Unilever has upped it full year growth forecasts as double-digit price hikes drove strong growth in its third quarter despite falling sales volumes. Plus updates from AB InBev, C&C Group and HelloFresh.
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NewsMedia Bites 27 October: Budget, Xmas ads, Reckitt Benckiser
UK chancellor Jeremy Hunt has delayed the date for his long-awaited medium-term fiscal plan from October 31 to November 17, as calmer markets give the government some economic breathing space.
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NewsCarlsberg upgrades earnings expectations on strong Asian growth in Q3
Carlsberg has upgraded full year earnings expectations on stronger than expected growth in key markets on volume and pricing increases in the third quarter
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NewsPurearth collapses following cash squeeze as pressure intensifies on SMEs
The business, which sold a wide range of organic health drinks, appointed insolvency firm Begbies Traynor on 20 October 2022 following a meeting of creditors last week
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NewsParsley Box shares collapse as DTC ready meal firm mulls AIM delisting
Shares in Parsley Box have collapsed after the ready meals provider revealed it was considering delisting from London’s junior stock market following a disastrous year since floating.
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NewsMedia Bites 26 October: Coca-Cola, inflation, Unilever
Coca-Cola has joined PepsiCo in raising annual forecasts as the two top fizzy drinks makers benefit from resilient demand
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NewsCity snapshot: Virgin Wines expects revenue resilience as under-pressure consumers ditch the pub
Virgin Wines is confident drinkers will ditch pubs and restaurants in favour of socialising at home as household spending is squeezed harder. Plus, Parsley Box considers AIM delisting and Heineken and Reckitt Benckiser issue Q3 results.