All Finance articles – Page 104
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NewsHelloFresh sales hit record highs in 2022 but shares sink as it guides for slower growth
Revenues at HelloFresh hit a new record of €7.6bn in 2022 as it shipped more than one-billion meals to customers
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NewsHuel brings in Wagamama finance chief as new CFO
Fast-growing meal replacement brand Huel has appointed the CFO at restaurant chain Wagamama as its chief financial officer
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NewsPremier Foods shares soar on surprise profits upgrade
The group said, in a short unscheduled trading update, that it had continued to trade “strongly” in recent weeks, building on the momentum of the third quarter
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NewsDiscounters continue to grab market share as shoppers chase lowest prices
Shoppers have continued to flock to the discounters to cope with soaring grocery bills as volumes in supermarkets tumble, according to latest market data
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NewsCity snapshot: Record store openings drive sales boom for Greggs
Revenues at Greggs have soared as the high street bakery chain opened a record number of new shops in 2022
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NewsMedia Bites 7 March: Starbucks, Gousto, consumer spending
Starbucks has shelved plans to sell off its owner-operated UK coffee shops and instead committed to opening 100 outlets this year.
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Comment & OpinionSuppliers, plan your cost price reduction strategy now
We are now helping many clients with planning CPRs as many anticipate a storm of retailer pressure when inflation turns, says David Sables, CEO of Sentinel Management Consultants
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NewsHectare raises almost £17m to bring agritech to global market
The $20m Series A funding will support the rollout of its digital agricultural supply chain software to trace, transact and transport commodities
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NewsCity snapshot: Lloyds Pharmacy reviews future of 1,300 sites
Lloyds Pharmacy has put all its UK store base up for “strategic review”.
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NewsMedia Bites 6 March: Waitrose/John Lewis, food shortages, Gousto, Morrisons
A round up of all the food and drink news in the papers over the weekend, with John Lewis and Waitrose in focus.
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NewsCity snapshot: Footfall growth slows as high streets and shopping centres outperform retail parks
According to the monthly BRC-Sensormatic IQ Footfall Monitor UK retail footfall fell back in February after Christmas and the January sales amid concerns that shoppers are making fewer visits to the shops due to pressures on the cost of living
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NewsWholegood hunts for funding to ease cashflow issues
Specialist wholesaler Wholegood has hired advisors to explore funding options and ease cashflow pressures. The Grocer has learned the London-based group is close to securing growth funding, with financial advisory firm Kroll working on a deal.
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NewsThis raises £15m in series B funding round to fuel ongoing rapid growth
Meat alternatives brands This has closed a £15m funding round as it seeks to maintain rapid growth.
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NewsPerfectTed wins Dragons’ Den backing from Steven Bartlett and Peter Jones
Energy drinks start-up PerfectTed has secured high-profile investment following an appearance on the BBC’s Dragons’ Den.
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NewsMedia Bites 3 March: WH Smith, Haleon, AB InBev
WH Smith is hit by a second cyberattack in less than a year, while results from Haleon and AB InBev are also picked up by the papers
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NewsCity snapshot: Haleon boosted by strong ‘power brands’ growth in debut annual results
Consumer health group Haleon has posted a double-digit revenue and profits jump in its first annual results as a listed company
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NewsMedia Bites 2 March: Veg shortages, Reckitt Benckiser, Just Eat Takeaway
UK households face a heightened risk of shortages of carrots and leeks this year as the domestic farming sector struggles to adapt to more extreme weather and higher input costs, the president of the National Farmers’ Union has warned.
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NewsVimto maker Nichols back in the black but inflationary pressures persist
Soft drinks group Nichols has returned to the black thanks to a 14.3% jump in sales, with Vimto selling particularly well overseas. However, chairman John Nichols warned ongoing inflationary pressures continued to make life difficult in 2023.
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NewsHeura sales boom as it grows UK distribution for plant-based brand
In 2020 just 6% of sales occurred outside of Spain, while this number hit 12% in 2021 and 23% in 2022.
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NewsMedia Bites 1 March: Ocado, Sainsbury’s/Argos, grocery inflation
Annual losses at Ocado have skyrocketed as shoppers cut back on online grocery purchases and costs were driven up by inflation and technology spending