All Finance articles – Page 172
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NewsCity Snapshot: M&S swings to loss of more than £200m as Covid takes its toll
M&S has sank into the red as revenues fell almost 12% to below £9bn in a year heavily disrupted by the coronavirus pandemic. Plus, Pepco shares jump more than 9% on stock market debut; cider maker C&C Group tumbles to a loss as lockdowns decimate revenues; and Finsbury Food Group lifts profits expectations.
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NewsSaputo snaps up Scottish vegan cheese brand Sheese
The Cathedral City owner said the deal for Sheese owner Bute Island Foods would ‘expand our footprint in the dairy alternatives space’
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NewsWilko sales drop £107m as Covid-cautious shoppers stay away from high street
Sales fell 7.3% to £1.4bn in the year ended 30 January 2021, with like-for-like figures down 7.7%, according to the accounts
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NewsCovid restrictions hit first half sales at Greencore
Sales fell by a further 19% in the first half at Greencore as coronavirus restrictions continued to hit its food to go business.
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NewsCity snapshot: Grocery sales dip as lockdown eases
Take home grocery sales edged back 0.4% in the 12 weeks to 16 May the UK’s coronavirus lockdown eased and the vaccine rollout continued. Plus, Greencore and Restaurant Group encouraged by trading following COVID reopening and all the rest of the latest news from the City
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NewsMedia Bites 25 May: Weetabix, Hilton Food Group, hospitality
Unions are warning there could be a Weetabix shortage this summer if a “fire and rehire” row leads to strikes.
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NewsBug flies past £300k crowdfunding target to launch insect recipe kits
Founded in 2018 by Leo Taylor and Aaron Thomas, Bug has ambitions to become the UK’s “go-to” brand for edible insects as it launches a range of recipe kits and insect packs.
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Comment and OpinionHow food and drink spending will change in the Covid recovery phase
A new IGD report suggests there are grounds for optimism amid the uncertainty
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NewsMedia Bites 24 May: M&S, John Lewis, TGI Fridays
Bosses at Marks & Spencer will try to put the pandemic and a decade of woes behind the retailer next week when they reveal that it has clawed its way back into the black
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NewsCity Snapshot: Demand remains strong for Tesco supplier Hilton
Mixed protein supplier Hilton Food Group has made “a strong start” to the year as momentum driven by pandemic tailwinds continued across its global markets. Plus, Kitwave starts trading on the London Stock Exchange following IPO.
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NewsPremier’s dividend payment represents further proof of turnaround credentials
Premier Foods took another step in its City turnaround this week by paying out its first investor dividend for 13 years
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NewsOatly emphasises UK as it launches $10bn IPO
Plant-based brand Oatly has emphasised the importance of the UK market to its future growth as launched its $10bn New York IPO yesterday
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NewsCity snapshot: UK retail sales surge as shoppers flock back to stores
Retail sales volumes jumped 9.2% in April as the easing or coronavirus regulations and the return of shoppers in stores boosted the industry. Plus, Oatly shares soar on market debut, UK consumer confidence rises and all the latest news from the City
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NewsMedia Bites 21 May: Oatly, FeverTree, Plastic bags
Shares in Oatly have surged by 30% on the company’s US stock market debut, valuing the alt-milk maker at $13bn
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NewsCity snapshot: FeverTree boosted by rise of at home cocktail consumption
Fever-Tree has continued to post “strong” off-trade sales in the early months of 2021 ahead of the re-opening of pubs, bars and restaurants and coronavirus restrictions eases around the world. Plus, Oatly prices $1.4bn IPO, Young’s posts loss due to pub closures and all the latest news from the City.
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NewsMedia Bites 20 May: Pubs, Premier Foods, Just Eat Takeaway
The papers put pubs in the spotlight after big losses yesterday for Mitchells & Butlers and Marston’s as Covid restrictions continue to take a toll.
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NewsReal Handful secures funding boost as savoury range launches at mults
Healthy snack brand Real Handful has secured a six-figure follow-on funding package to support a host of new listings for its expanded product range of savoury nuts and trail mixes.
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NewsTenacious Labs buys Colorado-based B2B CBD player SZM
Recently launched buy-and-build cannabinoid group Tenacious Labs has made its second acquisition since launch, buying Colorado-based contract manufacturer SZM in a cash-and-shares deal
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NewsVirtue Drinks raises £1.1m to fuel further growth
Natural energy drink brand Virtue Drinks has closed a £1.1m funding round to support ongoing growth and expansion in the UK and overseas.
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NewsCharlie Bigham’s propelled to record year thanks to Covid-fuelled demand
Revenues and profits at Charlie Bigham’s have soared during lockdown as shoppers turned to its posh ready meals to add some variety to dinnertime.