Finance news – Page 99
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NewsMedia Bites 5 July: General election, Co-op, John Lewis
The pound held firm this morning as Labour won a large majority in the general election and Sir Keir Starmer pledged that “change begins now”
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NewsBRC calls for new government to fast-track planning reform as footfall drops
As the UK wakes up to a new Labour government, the BRC has called on the incoming regime to urgently tackle issues holding back the high street
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NewsVillage Bakery set for imminent sale
A buyout at premium own-label bread maker Village Bakery is nearing a conclusion, with a European trade player set to announce a deal within days, The Grocer has learned
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NewsCity snapshot: Marston’s appoints new chair
Pub group Marston’s has appointed a new chair to succeed outgoing chairman William Rucker
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NewsMedia Bites 4 July: General election, Tesco, Diageo
As Britain heads to the polls, the papers are dominated by the general election
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NewsBig Drop readies £450k crowdfunding round to fuel licence brewing model
Alcohol-free brewer Big Drop is getting ready to return to the crowd to support plans for further on-trade listings and to expand its licence brewing model internationally
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NewsThe Cheeky Panda plans for growth as it achieves profitability
Eco toilet paper challenger The Cheeky Panda has bounced back into the black and is in a “terrific position for growth” in 2024
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News‘Ultra premium’ focus and overseas demand drives double-digit growth at Edrington
Edrington profits also saw a 6% uplift
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NewsLuna Daily secures funding from Unilever Ventures
The feminine hygiene brand has secured backing from Unilever’s venture capital arm to support an expansion of its product range
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NewsMedia Bites 3 July: Sainsbury’s, M&S, climate change
Sainsbury’s has said sales growth slowed in recent weeks as food inflation eased and consumers shopped “more cautiously”
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NewsCity snapshot: Sainsbury’s named Grocer of the Year at Gold Awards 2024
Sainsbury’s has taken home the prestigious Grocer of the Year prize at the Grocer Gold Awards 2024
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NewsHaribo boosts sales 24% as it wins record market share
Haribo has sweetened its top line as continued demand for its products pushed market share to a new record
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NewsWaitrose beef supplier Dovecote Park enjoys strong growth in latest accounts
The North Yorkshire-based supplier saw profits almost double last year, while turnover rose by just under 15%
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NewsCity snapshot: Sainsbury’s grocery growth dragged back by general merchandise weakness
Sainsbury’s has posted another quarter of “strong grocery memomemtum”, but its overall sales growth has slowed as general merchandise sales and Argos fell back
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NewsMedia Bites 2 July: Boots, inflation, Amazon
Boots managing director Sebastian James insists his departure has nothing to do with the shelving of plans to float the business by its American owner
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NewsGreenPort Fresh takes over UK Salads business
The joint venture has taken over UK Salads’ packhouse in Roydon in Essex and its surrounding nurseries – facilities it previously rented from UK Salads
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NewsCity snapshot: Boots boss Sebastian James to leave as IPO process stalls again
Boots has kicked off a search for a new boss to replace Sebastian James, who is leaving in November as renewed attempts by US owner Walgreens Boots Alliance to sell or float the UK high street pharmacy chain stalled once again
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NewsMedia Bites 1 July: Boots, Britvic/Carlsberg, Asda
The chief executive of Boots has quit Britain’s biggest pharmacy chain after its US owners shelved plans for a multibillion-pound sale
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NewsCity News: Carlsberg approach for Britvic divides City opinion
When news of Carlsberg’s shock £3.1bn bid for Britvic broke, investors in the companies had wildly divergent reactions, underscoring doubt about the wisdom of the brewer’s approach
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NewsAnnual profits fall at Weetabix as consumers shift to private label
Profit margins have fallen at UK cereals giant Weetabix amid a wider consumer shift to cheaper private label breakfast products