All Finance articles – Page 164
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NewsCity Snapshot: Vimto maker Nichols returns to sales and profits growth as Covid restrictions end
Revenues and profits have returned to strong growth at soft drinks supplier Nichols thanks to the easing of lockdown restrictions and continued demand for the Vimto brand. Plus, Bakkavor reports ready meals and other prepared foods back at pre-pandemic levels.
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NewsParsley Box boss Kevin Dorren confident in long-term growth of DTC model
Parsley Box CEO Kevin Dorren told The Grocer he is confident about the long-term viability of the DTC model in the face of investor scepticism.
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NewsJTF Mega Discount Warehouse collapses with 500 job losses
The variety discounter had 12 stores in the midlands and north of England
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NewsCheeky Panda unveils IPO ambitions as £2.5m crowdfunding campaign closes
The company, which is this week bringing a £2.5m crowdfunding campaign on the Seedrs platform to a close, said it planned to float on the London market in the next 24 months.
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NewsCity snapshot: Apollo in talks to join Fortress’ Morrisons bid
Apollo Global Management is in talks to join the Fortress Investments-led consortium bidding to buy Morrisons and will not make its own approach for the supermarket.
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NewsMedia Bites 20 July: Freedom Day, Ocado, Johnson & Johnson
The papers focus on yesterday’s ‘Freedom Day’ this morning, including the global stock market sell-off and the ongoing ‘pingdemic’.
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Comment and OpinionIt’s freedom day, but Delta still spells trouble for the food sector
Hospitality can finally throw off its shackles – but today hasn’t been the all-out celebration the PM had been hoping for
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NewsEagle Eye boosted by retail reopenings
Grocery tech firm Eagle Eye has enjoyed a strong end to the year as the lifting of Covid restrictions helped customers such as Pret a Manger increase transactions. Group revenues rose 12% to £22.8m in the year ended 30 June, with adjusted EBITDA up 28% to £4.2m, ...
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News
Media Bites 19 July: Ocado, Morrisons, PMI
Ocado has cancelled thousands of orders after a fire at a fulfilment centre in south-east London on Friday
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NewsCity Snapshot: Parsley Box sales soar in H1 but board warns of slowdown as Covid restrictions end
Revenues at DTC meal delivery firm Parsley Box have soared following its IPO earlier this year as the pandemic continued to drive the number of customers using the service to record levels. However, its shares have tanked 20% this morning on worries over the long-term sustainability of the DTC model as Covid restrictions are fully lifted in the UK.
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NewsCity News: Tate & Lyle’s long-awaited split gets tepid investor response
Another week, another US private equity giant snaps up a UK-listed asset
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NewsWeetabix benefits from Covid breakfast boom to see sales rise
A resurgence of breakfasting during the pandemic helped Weetabix grow sales and profits last year, though pantry loading and reduced on-the-go consumption have hit volumes so far in 2021
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NewsFarmdrop sinks further into the red despite soaring pandemic sales
Fresh produce delivery service Farmdrop lost a further £10m last year despite a spike in sales during the pandemic, leading its auditor to warn it requires significant funding to continue
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NewsCity snapshot: DS Smith sells €50m Dutch paper mill amid focus on fmcg packaging
DS Smith has announced it has agreed to sell its De Hoop paper mill in the Netherlands to De Jong Packaging for a cash sum of €50m (£43m) as it continues to shift focus to fibre-based fmcg packaging.
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NewsMedia Bites 16 July: Food strategy, Just Eat Takeaway.com, Philip Morris
Boris Johnson has poured cold water on the National Food Strategy commissioned by his own government, saying he would not support higher taxes on salt and sugar in food
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NewsDoisy & Dam appoints fmcg veteran Mike Hedges as chairman
Confectionery challenger brand Doisy & Dam has appointed fmcg veteran Mike Hedges as chairman ahead of a £300,000 crowdfunding push.
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NewsFearne & Rosie turns down Dragons’ Den offer in favour of Giles Brook backing
The Yorkshire-headquartered business has partnered with Giles Brook as it readies to scale up expansion in the fast-growing category
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NewsCity snapshot: Just Eat Takeaway.com ups growth expectations after strong second quarter
Takeaway delivery giant Just Eat has raised its full year growth expectations after first half orders jumped 61%
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NewsMedia Bites 15 July: John Lewis Partnership, National Food Strategy, Sainsbury’s, SSP Group
A busy morning in the papers sees stories on another 1,000 job cuts at John Lewis and Waitrose, the next part of Henry Dimbleby’s National Food Strategy, Sainsbury’s encouraging customers to continue wearing face coverings from next week, and the chief executive of SSP resigning.
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NewsCovid and poor potato crop hit trading at McCain GB
Frozen potato giant McCain saw drop in annual sales and fell to a loss last year as Covid hit its out of home sales and it suffered from a poor potato crop