All Finance articles – Page 156
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Media Bites 11 March: John Lewis Partnership, Marks & Spencer, Inflation
John Lewis has restored its partnership bonus and awarded staff 3% of their salary after headline profits recovered
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CMA lifts enforcement order on Freshways-Medina merger
The CMA started investigating the long-awaited merger of the two mid-market processors last summer
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Former Metcalfe’s CEO launches investment firm to grow UK brands in the US
It plans to acquire a string of healthier fmcg brands in the UK and scale them across the Atlantic.
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City snapshot: John Lewis restores staff bonus on profits rebound
The John Lewis Partnership has restored its staff bonus as a strong rebound in sales at both John Lewis and Waitrose boosted profits.
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Media Bites 10 March: Russia/Ukraine, cost-of-living crisis, Unilever
The main focus in the papers today is the ongoing exodus of Western brands from Russia, with those refusing to stop operations facing increasing pressure.
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Oatly losses balloon as it puts growth ahead of profits
Losses at plant-based milk brand Oatly have ballooned as costs spiralled, inflation squeezed margins and it ploughed more money into growing production capacity to meet rising demand.
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Lindt suspends Russian business – as it heralds ‘remarkable’ UK growth
Swiss chocolatier Lindt & Sprüngli has bounced back from the pandemic with double-digit growth last year
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Little Moons sells stake to US PE firm L Catterton
The terms of the deal for the significant minority shareholding were not disclosed but are understood to value the business at much higher than £100m, according to sources in the City
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Media Bites 9 March: Danone, Russian corporate exodus, Greggs
Danone’s chief executive has defended continuing to operate in Russia despite a western corporate exodus
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Danone unveils turnaround plan under new CEO Antoine de Saint-Affrique
Danone has set out a multi-year turnaround plan as de Saint-Affrique unveiled his vision for the French consumer products group
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Coke, Pepsi, McDonald’s and Starbucks suspend operations in Russia
Drinks giants Coca-Cola and PepsiCo, fast food chain McDonald’s and coffee house Starbucks have bowed to increasing pressure to halt operations in Russia amid the country’s invasion in Ukraine.
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Parson’s Nose hires advisors to find investment partner
The London-based family-run business is aiming to leverage the brand to become the UK’s leading online butcher.
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Farmison sells majority stake to private equity investor Inverleith
Established in 2011 by John Pallagi and Lee Simmonds, the Yorkshire-based business aims to encourage UK consumers to ‘eat better meat’.
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Nimble aims for retail expansion following crowdfunding campaign and Justin King joining as advisor
The raise coincides with former Sainsbury’s boss Justin King joining the business as an investor and advisor.
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City snapshot: Greggs bounces back to profit but warns over soaring costs
A busy warning sees return to strong growth, but warn over costs, retail data from , - and Barclaycard, and annual results from and Domino’s Pizza Group.
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Media Bites 8 March: Ukraine, food prices, cost of living crisis
The effects of the war in Ukraine continues to dominate coverage in the papers, which this morning examine rising food prices and growing pressure on the likes of McDonald’s, Coca-Cola and Pepsi to pull out of Russia.
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Media Bites 7 March: Unilever, Ukraine/Russia, John Lewis Partnership
Unilever has agreed to publish more rigorous data on the content of its food products after facing a revolt by shareholders
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City Snapshot: Food and drink shares plummet as Ukraine war hammers markets
The FTSE 100 has plunged further this morning as investor fears over the war in Ukraine continue to hammer markets across the globe.
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City News: McColl’s shares collapse after confirmation of rescue talks
Shares in beleaguered newsagent chain McColl’s crashed yet further this week after it confirmed it was in emergency talks with lenders to raise funds to avoid collapse
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City Snapshot: February storms fail to dampen footfall
Total UK footfall increased by 2.2 percentage points in February compared to the previous month as the return to the office and normal life boosted shopper numbers despite stormy weather.