All Finance articles – Page 134
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NewsCity snapshot: Price hikes and volume growth boost Coca-Cola HBC despite hit from Russia
Eastern European Coke bottler Coca-Cola HBC posted first half organic growth of 19.4% as double-digit price rises and volume growth mitigated the loss of business in Russia and Ukraine.
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NewsMedia Bites 11 August: Deliveroo, fuel prices, US inflation
The papers focus on the latest financial results from Deliveroo and inflation figures from the US.
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Comment & OpinionWhat does the Truss red tape ‘bonfire’ mean for the food industry?
HFSS rules might be on the pile, but a new database could represent one of the biggest pieces of industry regulation yet
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NewsNomad Foods volumes fall as consumers buy less at higher prices
Birds Eye owner Nomad Foods has cut its earnings expectations after shoppers bought less of its frozen products as prices climbed.
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NewsTenacious Labs branches out into petcare market as CBD buy-and-build strategy continues
It’s the third deal struck by the London-headquartered business since it launched in early 2021
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NewsMedia Bites 10 Aug: Domino’s Pizza, hospitality VAT, fuel prices
Domino’s Pizza has closed its Italian stores after seven years, after the US brand struggled to win over customers in the birthplace of pizza
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NewsCity Snapshot: Deliveroo reveals widening losses as Next boss Simon Wolfson steps down from board
Deliveroo has this morning revealed widening losses, slowing growth and the loss of Next boss Simon Wolfson from its board. Plus, Q2 results from Dutch supermarket group Ahold Delhaize.
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NewsSupreme acquires trade and assets of vaping businesses Cuts Ice and Flavour Core
It follows Supreme’s acquisition of Liberty Flights in June in a deal worth up to £15m
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NewsCity snapshot: Inflation drives July retail sales growth, but volumes fall
UK retail sales increased 2.3% in July on a total basis, according to the BRC-KPM Retail Sales Monitor, though sharply rising prices masked a drop in sales volumes. Plus acquisitions from Coca-Cola HBC and Supreme and Barclaycard spending data.
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NewsMedia Bites 9 August: Retail sales, olive oil, WH Smith
UK consumer spending defied talk of recession in July, data from industry bodies showed on Tuesday.
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NewsLion sells Magic Rock and Fourpure to Odyssey Inns
Lion Little World Beverages has sold its UK operations, including its Magic Rock and Fourpure beer brands, to newly launched venture Odyssey Inns
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NewsGreen Cola and Chitos form new UK-headquartered better-for-you drinks group
Greek beverage businesses Green Cola and Chitos have partnered to create a UK-headquartered drinks group to pursue ambitious international growth plans.
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Comment & OpinionBeyond Meat and Oatly could prove casualties of the cost of living crisis
Both brands are struggling to convert cash-strapped shoppers away from cheaper meat or dairy equivalents
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NewsKatKin raises £18m for its fresh-cooked cat food concept
Founded by brother-and-sister team Brett and Nikki O’Farrell in 2019, the brand steam cooks 100% human-grade meat, with no fillers, grains or preservatives, which is then frozen before being sent out to customers.
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NewsMedia Bites: Retail sustainability, Amazon, Pets at Home
Household names from Tesco to Ocado are failing to give enough information about how they will survive in a ‘greener’ economy, according to data
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NewsCity Snapshot: WH Smith de-risks pension fund
WH Smith has announced a move to safeguard its pension fund from future risks with the purchase of a bulk annuity insurance policy.
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NewsCity News: Greggs reassures market after it raises prices
The threat of soaring inflation and its effects on consumer spending have weighed on Greggs shares all year, but the chain reassured the market this week that price hikes were not putting customers off their sausage rolls
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NewsHovis profits drop as rising costs hit margins
Wrapped bakery stalwart Hovis experienced a sharp drop in profitability last year as soaring costs hit margins despite maintaining its Covid sales gains
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NewsCCEP signposts further price rises but stresses focus on affordability
Great Britain Coke bottler Coca-Cola Europacific Partners has indicated it will push through further price rises to mitigate soaring inflation, but insisted it remains focussed on ensuring its products remain affordable
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NewsKellogg’s raises full-year forecasts on better-than-expected first-half performance
Kellogg’s has lifted its full-year sales and profits outlook as strong growth of its global snack brands and a faster-than-expected recovery in cereals combined with higher prices in the first half to deliver a better-than-expected performance.