All Finance articles – Page 258
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Scottish Spar operator CJ Lang hails strong Christmas sales
The business pointed out the results were particularly positive given it enjoyed a strong festive period the previous year
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Drop Drinks turns to the crowd to fund soft drinks range expansion
The startup, which produces soft drinks and mixers inspired by traditional British sweets, is looking for £80k to fund the launch of three additional flavours
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City snapshot: SSP Group’s first quarter sales grow as it buys Germany’s Station Food
Travel food specialist SSP Group has had a “robust” start to its financial year and announced the acquisition of German travel catering business Station Food. Plus, Aldi raises pay for staff to maintain its position as the UK’s highest-paying supermarket and all the rest of the latest news from the City.
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Media Bites 21 Jan: FeverTree, Itsu, Stock Spirits
Fevertree is being tipped as a potential bid target after a warning over poor Christmas trading sent its shares tumbling by more than a quarter.
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Social entrepreneur Natalie Campbell named as new Belu CEO
She will replace outgoing CEO Karen Lynch from 1 March
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Non-alcoholic craft brewer Big Drop to seek £1m in crowdfunding
The brand claimed its turnover was ‘edging towards £1m in 2019’
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FeverTree shares crash on profits warning
FeverTree Drinks has warned its annual performance is due to fall “below expectations” despite guiding for a near 10% sales increase.
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Media Bites 20 Jan: Premier Foods, Which?, Retail sales
Premier Foods enjoyed a Christmas sales boost, Sainsbury’s was crown by Which? as the cheapest supermaker of 2019 and retail sales slumped marking the worst performance since records began
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Avocado supply issues drive Greenyard Fresh to multimillion loss
Greenyard Fresh UK has sunk to a significant loss off the back of a drop in sales caused by “difficulties” with avocados and stone fruit.
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Planet Organic slumps to loss but sales momentum is strong
Organic supermarket Planet Organic fell to a loss last year as its new private equity owner invested cash to fund growth.
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Trump’s tariffs trigger slump in UK food and drink exports
British food exports to the US fell by a quarter following the introduction of Donald Trump’s punitive tariff regime last year, with the situation now at risk of deteriorating further.
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UK food sales suffer largest drop since 2016
December marked a 1.3% slump in the volume bought across food stores, according to official ONS figures, the largest drop since December 2016
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Skinny Tonic smashes crowdfunding target, raising over £1.4m
The campaign will close today after overfunding by 184%
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City snapshot: Premier Foods posts growth of 2.6% in crucial third quarter
Premier Foods has posted third quarter growth of 2.6% in its third quarter encompassing the Christmas period. Plus, Cranswick ups full-year profit expectations and trading updates from Devro and French retail giant Casino.
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Media Bites 17 Jan: ABF/Primark, Nestlé, Vegan products
A raft of store openings and a strong performance on the Continent drove up total sales at ABF’s Primark over Christmas.
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HelloFresh’s first annual profit set to exceed expectations
The news sent shares of the German company soaring as investors welcomed the success of the recipe kit model
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Morrisons promotes Andy Atkinson to group commercial director
David Lepley will replace Gary Mills, who was leaving the business to pursue other interests, said Morrisons
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Google acquires retailer online inventory startup Pointy
Pointy builds websites for small and medium-sized stores, optimised to top search rankings
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Müller hails cost-cutting success as it eyes return to profitability
The past 18 months had been ‘very difficult’ said CEO Patrick Müller, but it expected to move back to profitability over the next six months
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ABF Christmas sales rise on Sugar recovery
Associated British Foods revenues rose 4% over the crucial Christmas period due to a recovery of Sugar prices and strong Primark trading