All articles by Alec Mattinson – Page 87
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NewsVevolution to set up investment platform for plant-based startups
An investment platform bringing together plant-based entrepreneurs and angel investors will launch next month, with a £100k investment prize for startups in the space.
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NewsCity snapshot: UK food and drink exports fall for first time since 2015
Food and drink exports have fallen for the first time since 2015 as a result of coronavirus disruption, an FDF report has shown.
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NewsMedia Bites 2 October: Ocado, Tesco, PepsiCo
Ocado’s strategy of selling its grocery knowhow worldwide is under threat after a Norwegian rival claimed it has copied its technology and infringed its patents
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NewsCity snapshot: Britvic sells three French bottling facilities to Refresco
Britvic has confirmed this morning it has completed the sale of its juice assets in France to European bottling giant Refresco.
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NewsCompass Group performance improves as customers reopen
Catering giant Compass Group’s performance improved towards the end of its financial year, but organic revenues remain down 36% in its fourth quarter.
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NewsCity Snapshot: Shop prices continue to fall as food inflation eases
Shop prices fell by 1.6% in September as retailers cut prices to encourage spending and food price inflation continues to ease. Plus, trading at Compass Group improves as establishments reopen and all the rest of the latest news from the City.
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NewsMedia Bites 30 Sep: Asda, Greggs, B&M
The investors hoping to gain control of Asda are being called on to guarantee the jobs of its 147,000 staff
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NewsCity snapshot: Greggs to cut jobs as sales remain well below pre-coronavirus levels
Greggs has confirmed it will cut staff numbers as its level of custom will remain “below normal for the foreseeable future” as sales remain well down year-on-year. Plus, Hotel Chocolat falls to annual loss, B&M’s sales surge continues and all the rest of the latest news from the City.
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NewsWhole Foods Market sees losses increase
Amazon-owned Whole Foods Market lost a further £6.7m last year despite slimming down its estate to focus on more profitable London stores.
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NewsCity News: Ocado enjoys another share price surge following summer sales surge
Ocado’s market capitalisation broke through the £20bn barrier this week
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NewsFresh soup start-up Re:Nourish secures seven-figure sum to fund expansion drive
The fundraising was led by German tech and nutrition investor Döhler Ventures
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NewsWhitworths sees coronavirus-driven sales jump as home baking booms
The ingredients and healthy snacking supplier has seen sales jump 10% during the coronavirus period
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NewsCity snapshot: UK retail sales recover for fourth consecutive month
UK retail sales continued to recover in August, with sales up a further 0.8% in the fourth consecutive month of sector growth. Plus, coronavirus lockdown costs Applegreen €400m in lost sales and all the rest of the latest news from the City.
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NewsMedia Bites 18 Sep: Eight Fifty Food Group, John Lewis Partnership, The Co-op
Eight Fifty Food Group, the owner of Young’s and Karro, is reportedly exploring an IPO.
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NewsLockdown demand spike drives sales jump for Hilton Food Group
Sales were boosted by increased UK participation with Tesco and increased home consumption driven by Covid
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NewsSoaring food sales boost Co-op first half performance
Total revenues in the 26 weeks to 4 July were up 7.6% to £5.8bn driven by the strong performance of its food and wholesale arms
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NewsHalo Foods bought by US PE firm Peak Rock Capital
The Welsh cereal bar manufacturer has been bought by the US private equity investor after a successful turnaround since being sold by Finnish food group Raisio
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NewsCity Snapshot: John Lewis Partnership scraps staff bonus as it suffers £635m loss
The John Lewis Partnership has scrapped its annual staff bonus as it suffered a first half loss of £635m amid restructuring costs and heavy writedowns of its John Lewis store estate. Plus, grocery sales boom at Co-op, update from Hilton Food Group and all the rest of the latest news from the City.
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NewsMedia Bites 17 Sep: Hut Group, Waitrose/John Lewis, Inflation
Shares in Hut Group have jumped in value by a quarter at the start of trading on their first day on the stock market
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NewsCoronavirus outbreak hits first half sales at Science in Sport
Sports nutrition group Science in Sport posted a drop in first half sales and an underlying operating loss given the “severe disruption” to its business caused by the COVID 19 pandemic