Finance news – Page 96
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NewsSainsbury’s £500m sale and leaseback store deal scrapped
A £500m sale and leaseback transaction for 18 Sainsbury’s stores announced last week has colllapsed
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NewsUnilever begins search for new CEO as Alan Jope sets retirement date
Unilever has announced CEO Alan Jope will step down from his role at the end of 2023
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NewsCBD player Cannaray proposes merger with Cellular Goods
Cannaray is planning to list its consumer CBD brands on the London Stock Exchange through a reverse takeover of Cellular Goods
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NewsCity snapshot: UK profits plunge at Aldi as investment in price hits bottom line
Aldi suffered a near 80% drop in operating profits in 2021 as sales flatlined ahead of a strong rebound in growth in 2022. Elsewhere, Alan Jope to retire from Unilever, Sainsbury’s scraps property sale, updates and Finsbury Food Group and Chapel Down and all the rest of the latest news from the City
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NewsMedia Bites 26 September: Morrisons, Pound, Christmas retail
Morrisons’ private equity owners have asked hundreds of staff to invest thousands of pounds of their own money in the business
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NewsCity News: Haleon posts strong growth in first listed results amid Zantac battle
Former GSK consumer arm Haleon posted strong double-digit growth in its first financial results as a listed company, although investors were more interested in its tough stance against its former parent over Zantac litigation. The recently spun-off consumer health group saw organic revenue growth of 11.6% in ...
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NewsBiscuits sales decline hits Pladis recovery
Revenues at Pladis have crumbled due to falling demand for biscuits in the wake of the pandemic and the impact the McVitie’s owner pushing through price increases
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NewsNestlé UK revenues approach £2bn after out-of-home rebound
The rebound in out-of -home sales and hybrid working habits helped Nestlé UK grow revenues to near £2bn last year, but mounting cost pressures suppressed profits
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NewsMini budget slammed as missed chance to fix business rates
BRC CEO Helen Dickinson said retailers would have to pass the rising bill on to shoppers
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NewsGlobal 50 report shows strong growth for consumer giants
The globe’s consumer goods giants hit their highest growth levels for a decade last year amid a post-Covid resurgence according to the OC&C/Grocer Global 50
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NewsMedia Bites 23 September: Morrisons, Consumer confidence, Lidl
Trevor Strain, Morrisons’ chief operating officer and previously its finance chief, is reportedly close to finalising his departure
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NewsAston Manor sales and profits lose fizz in ’most difficult trading period in decades’
Chief executive Gordon Johncox said 2021 was “every bit as difficult, if not more so” than 2020.
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NewsCity snapshot: PZ Cussons suffers slowing Carex sales but profits beat expectations
Beauty group PZ Cussons has delivered ‘resliant’ financial performances in the fact of significant inflationary headwinds, with profits ahead of expectations as it minimised margin dilution
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NewsMedia Bites 22 Sep: M&S, Co-op, Eataly
Marks & Spencer is giving staff their second pay rise this year as part of a £15m cost-of-living support package
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NewsRed Bull multipack sales gives energy drinks brand wings as supermarket sales soar
Red Bull has grabbed a record share of the UK energy drinks market as it attracted new shoppers to the category and continued to benefit from demand for its take-home multipacks.
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NewsMedia Bites 21 Sep: Holland & Barrett, Haleon, Sainsbury’s
The owner of Holland & Barrett is plotting to buy back nearly £900m of debt as part of a restructuring aimed at restoring it to a stable financial footing
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NewsCity snapshot: Shoppers pull back supermarket spending to tackle cost-of-living crisis
Shoppers reined in spending at supermarkets following the end of the summer holidays, according to new research this morning. Plus, LXi REIT confirms talks with Sainsbury’s over £500m sale-and-leaseback deal, Tesco makes new board appointment, and full-year results from Supermarket Income REIT and Egale Eye Solutions.
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NewsCity snapshot: Haleon posts strong first half sales and profit growth after demerger
Former GSK consumer arm Haleon has posted double-digit growth in its first financial results as a listed company, although it expects growth to slow in the second half
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NewsMedia Bites 20 September: mini-Budget, McVitie’s, Ben & Jerry’s, Naked Wines
There’s plenty of retail news to catch up on from the weekend’s papers.
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NewsCity News: Naked Wines shares hit after unscheduled business update
Naked Wines has seen its shares tank this week after shocking the market with suggestions it would need to shift strategy to deal with falling consumer demand and rising costs