All Finance articles – Page 56
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NewsCity snapshot: Christmas retail sales plunge as consumers cut back
Retail sales slumped by 3.2% in December, which was the worse monthly drop since the depths of the coronavirus pandemic, as consumers cut back in the run-up to Christmas.
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NewsMedia Bites 19 January: Sainsbury’s, Naked Wines
Sainsbury’s move to pull out of financial services as part of its latest strategy is the main story in focus in this morning’s papers.
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NewsInnocent losses soar as £200m factory needs more investment
Revenues declined by £15.6m – a 3.5% fall year on year – to £426.2m in the 12 months ended 31 December 2022, according to newly filed accounts
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Comment & Opinion‘We told you so!’ Why booze duty hike drove inflation rise
Industry figures warned duty changes in the summer would drive prices up. Now that chicken is coming home to roost
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NewsYeo Valley boosted by diversification and milk prices
The organic dairy supplier increased turnover by 22% to to £315.9m for the year to 28 May 2023
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NewsSainsbury’s shakes up leadership team as Paula Nickolds leaves
Paula Nickolds will leave to become CEO of The White Company
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NewsCity snapshot: Sainsbury’s to wind down core banking operations
Sainsbury’s has announced it will wind down its core banking operations and instead offer financial services via third party financial groups. Plus updates from Cranswick, Pepco, Bakkavor, Naked Wines and C&C Group
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NewsMedia Bites 18 January: Inflation
The surprise increase in inflation is the main focus in this morning’s papers.
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Comment & OpinionWe must think long term to avoid a race to the bottom
Asda price matching the discounters signals a new phase, says Patrick Finlay, MD at The Category Management Company
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NewsFood manufacturers struggling more with inflation than other sectors
Food manufacturers’ margins have been squeezed in 2023 as retailers fought hard against cost price increases
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NewsRegal Food Products strengthens desserts portfolio with Love Handmade Cakes deal
Regal Food Products has continued its acquisition spree with the takeover of cake manufacturer Love Handmade Cakes
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NewsMajor apple supplier begins shutdown following price challenges
The apple producer cited a lack of retailer returns as a significant reason for its financial challenges
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NewsNorth Brewing ‘seeking investment’ to stave off administration threat
North Brewing cited material cost increases and interest rates as reasons why additional funds were required
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NewsMedia Bites 17 January: Ocado, Haleon, THG
Customers switching back to online grocery shopping after a post-pandemic decline helped Ocado’s retail division return to profitability
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NewsCity snapshot: Cigarettes and alcohol behind surprise jump in inflation
Rising alcohol and tobacco prices have contributed to an unexpected increase in the annual rate of inflation in December. Plus, Hotel Chocolat shareholders vote on Mars deal, Just Eat Takeaway and Wincanton issue trading updates and Gusbourne appoints a new boss
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NewsVegan and brewery distress sees deal volumes pick up in 2023, says Oghma
M&A activity in food & drink picked up in the final months of 2023 thanks to a combination of pent-up demand and distress in the plant-based and craft brewery sectors, according to a new report published this morning
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NewsCity snapshot: Ocado returns to double-digit growth amid ‘record’ Christmas
Ocado Retail returned to double-digit growth in its fourth quarter to the end of November, while it also posted “record” Christmas sales amid volumes growith. Plus updates from THG, McBride and Eagle Eye
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NewsMedia Bites 16 January: Ben & Jerry’s, Superdrug, fuel prices
Ben & Jerry’s has called for a permanent ceasefire in Gaza, in a move that risks reigniting tensions with parent company Unilever over the ice cream maker’s stance on Israeli policies
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NewsElla’s Kitchen parachutes in new boss as management team leave en masse
Will Howard left the company last week, part of a management team exodus since owner Hain Celestial introduced a global restructuring strategy at the end of 2023
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NewsMorrisons owner CD&R brings in Dave Lewis for advisory role
Private equity giant Clayton, Dubilier & Rice has hired former Tesco boss Sir Dave Lewis as an advisor to help it grow its global retail empire