Finance news – Page 95
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NewsCity snapshot: Greggs posts double-digit quarterly growth amid surging inflation
Greggs posted growth of 14.6% in its third quarter as it continues to grow its store estate, but cautioned over the impact of economic uncertainty and significant cost inflation
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NewsMedia Bites 4 October: Tory conference, John Lewis, Quality Street
Coverage in this morning’s papers is dominated by the latest news from the Conservative Party conference in Birmingham.
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NewsCurrency jitters could worsen pork supply woes even as exports rebound
The warnings come as overseas sales revive to near pre-Brexit levels
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NewsCity snapshot: Real Good Food embarks on “radical” reforms to save turnaround attempt
Real Good Food has unveiled a radical reform programme to deal with inflationary pressures and protect its attempted turnaround. Plus, PM abandon plans to scrap top rate of tax.
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NewsMedia Bites 3 October: Morrisons, Unilever, Science in Sport
Morrisons is facing a near-£100m surge in its borrowing costs as market turmoil heaps pressure on the highly leveraged supermarket chain
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NewsCity News: On-the-go rebound boosts AG Barr and SSP Group
The post-Covid rebound in on-the-go consumption boosted drinks group AG Barr and travel retailer SSP Group this week, though concerns remain over tougher trading conditions to come
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NewsKP Snacks posts strong growth as out-of-home bounces back
KP Snacks returned to strong growth last year as out-of-home snacking rebounded and it gained share in grocery
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NewsMcBride shares rally as it strikes agreement with lender amid early signs of recovery
CFO Mark Strickland said the amended financing agreement was “an excellent outcome” following a “very difficult” trading period that provided the group with funding certainty as its propsects recover.
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NewsCity snapshot: Science in Sport launches strategic review amid consumer slowdown
Sports nutrition specialist Science in Sport has launched a strategic review that could result in the sale of the company or assets as it warned of weaking consumer demand despite first half growth.
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NewsMedia Bites 30 September: Co-op, Mitchells & Butlers, Lindt
The Co-operative Group has seen earnings tumble following a jump in commodity prices and the end of a business rates holiday
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NewsQuorn profits shrink as rivals eat in market leader’s share of meat-free category
Profits at Quorn have retreated as soaring costs put pressure on margins and an increasingly crowded meat-free category saw sales dwindle at the market leader.
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NewsCity snapshot: Bakkavor CEO Agust Gudmundsson to step down
Bakkavor CEO Agust Gudmundsson is to retire next month to be replaced by current COO Mike Edwards. Plus trading updates from Mitchells and Butler and Gusbourne as the FTSE sees heavy losses in early trading
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NewsMedia Bites 29 September: Morrisons, Mars, Shepherd Neame
A profits slump at Morrisons makes headlines this morning as the cost of living crisis subdues consumer confidence.
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NewsMorrisons profits slump on sales decline as shoppers feel the pinch
Profits slumped as subdued consumer sentiment led to a decline in sales and “unprecedented” inflationary pressures hit in-house manufacturing operations
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NewsMackie’s of Taypack rescues own-label popcorn maker from administration
Snacking firm Mackie’s at Taypack has rescued one of the UK’s largest independent own label popcorn manufacturers from administration in a pre-pack deal, saving the jobs of 60 staff.
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NewsMedia Bites 28 September: food price inflation, Morrisons, AG Barr
Food inflation has hit its highest rate on record with shoppers now paying 10.6% more than they were a year ago
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NewsCity snapshot: Food prices soar to highest rate on record
Food inflation has rocketed to its highest rate on record as soaring input costs continue to mount for suppliers, according to new figures this morning.
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NewsBooming sparkling and off-trade sales boost UK’s biggest winemaker
The UK’s largest wine producer Chapel Down returned to growth in the first half of the year as strong demand for English sparkling wine, the reopening of the on-trade and strong off-trade sales boosted performance
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NewsCity snapshot: Hot summer and off-trade reopening boost AG Barr
AG Barr has posted strong first half growth as out-of-home consumption rebounded and the soft drinks maker benefited from the warm summer weather. Plus SSP Group sees travel rebound, new interim CEO at Domino’s and all the rest of the latest news from the City
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NewsMedia Bites 27 September: Unilever, Aldi, Sainsbury’s
The papers focus on the retirement of Unilever boss Alan Jope and plummeting profits at Aldi.