All Finance articles – Page 135
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NewsBeyond Meat to axe 4% of global workforce as losses balloon and sales forecasts are cut back
Beyond Meat has lowered its sales expectations for the year, posted a wider than expected loss for the second quarter and revealed plans to cut 4% of its global workforce
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NewsWype lines up seed funding round to scale wet wipe alternative brand
Sustainable personal care challenger Wype has secured pre-seed financing ahead of a bigger round later this year to help bring its wet-wipe-in-a-bottle innovation to supermarket shelves.
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NewsCity snapshot: Pets at Home posts solid third quarter growth
Pets at Home has posted a like for like sales uplift of 6% in its third quarter on strong store and online retail growth. Plus UK footfall drops on hot weather, new CEO at Carr’s Group and all the rest of the latest news from the City
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NewsMedia Bites 5 August: Bank of England, Diageo, Amazon, Next
The papers go big on the latest interest rates decision by the Bank of England and the sober warnings of a protracted recession to come.
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NewsCosta Coffee invests £20m in drive-thrus and new store openings
The Coca-Cola owned company opened its 300th drive-thru in the UK today as it continues to invest in the on-the-go coffee marke
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NewsMPM Products sales soar to close to £100m amid pet ownership boom
A boom in pet ownership during the pandemic has helped premium petfood maker MPM Products increase sales to almost £100m in its first year under new PE ownership
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NewsCity snapshot: Coca-Cola Europacific Partners raises guidance on out of home rebound
GB Coke bottler Coca-Cola Europacific Partners has raised its sales and profits outlook after strong volume-driven first half growth on the back of a strong rebound of out-of-home consumption
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NewsMedia Bites 4 August: Inflation, Just Eat Takeaway, Unilever, M&S
Inflation could reach 15% early next year, a leading think tank has warned, as soaring gas prices deepen the cost of living crisis.
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NewsMedia Bites 3 August: Greggs, Supermarket petrol, Starbucks
Greggs customers could face further price rises after the bakery chain warned that its costs would rise by 9% this year
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NewsCity Snapshot: Just Eat Takeaway falls €3.5bn into the red but confident of path towards profitability
Just Eat Takeaway has sunk to a €3.5bn loss in the first half after writing down the value of its embattled Grubhub service in the US, but the food delivery firm said it was making “significant progress” towards profitability.
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Comment & OpinionIs the cost of living crisis good news for Greggs and its value-led proposition?
Will shoppers trade down to Greggs or will its target audience actually be worse affected?
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NewsOatly shares sour as plant-based group slashes growth expectations
Oatly shares have slumped to a new low as losses widened further and the oat milk giant downgraded sales expectations
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NewsCity Snapshot: Greggs reports surging sales but profits fall flat amid rising costs
Greggs has reported a 27.1% jump in first half sales, but profits remained stagnant due to the reintroduction of business rates, VAT and mounting costs. Plus, trading updates from AG Barr, Domino’s Pizza Group and Devro.
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NewsMedia Bites 2 August: Ukraine grain, Heineken, Cranswick
A grain shipment leaving the port of Odesa for the first time in months makes headlines this morning, as does the latest Heineken results and the rising cost of pork.
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NewsLab grown palm oil alternative step closer as Clean Food Group secures seed financing
It is hoped the lab-grown, cellular-based alternative could help reduce the detrimental environmental impact of palm oil production
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NewsCity Snapshot: Heineken fails to scare off drinkers as sales and profits soar despite higher prices
Sales and profits at Heineken have grown in the high double digits as consumers drank more beer despite prices rising. Plus, a Q1 update from Cranswick and the latest investment from Agronomics.
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NewsMedia Bites 1 August: Procter & Gamble, Iceland, Waitrose
People are economising and are switching to cheaper store brands as they grow resistant to higher prices, Procter & Gamble has warned
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![Diageo lead image[1]](https://dmrqkbkq8el9i.cloudfront.net/Pictures/100x67/8/5/2/270852_diageoleadimage1_489513.jpg)
NewsCity News: Diageo revenues soar as drinkers flock back to leisure and travel
Drinkers have toasted the return of the leisure and travel sector by sending Diageo’s revenues soaring
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NewsEconomic instability blamed for decrease in food & drink dealmaking
While deal volumes have largely settled in the mid-30s since a post-Covid spike in the first quarter of 2021, Q2 2022 saw deal numbers drop to just 26
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NewsGlobal giants raise growth targets as prices keep rising
Unilever, Danone, Reckitt Benckiser and Nestlé were among those to report higher-than-expected quarterly sales figures this week