All articles by Ed Devlin – Page 110
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NewsYumello raises £100k growth funding from its online community
Fast-growing nut butter startup Yumello has raised £100,000 directly from its online customers in just two weeks to help fuel expansion.
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NewsCity Snapshot: Just Eat sales surge 46% in Q3 as coronavirus restrictions return
Takeaway giant Just Eat has enjoyed a 46% surge in global sales in the third quarter as the coronavirus pandemic kept consumers at home. Plus, Bakkavor CFO Pete Gates retires, Devro appoints a new CFO, Stock Spirits issues a trading update and Nestle completes its acquisition of Aimmune Therapeutics.
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NewsCity snapshot: Shoppers spend an extra £260m on supermarket alcohol in preparation for new lockdown
Grocery sales jumped almost 11% in September as shoppers prepared for new lockdown restrictions, with consumers spending an extra £261m. Plus, the latest figures from Nielsen, BRC-KPMG retail sales monitor and Barclaycard spending report.
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NewsFerrero continues international acquisition drive with £246m Fox’s deal
Ferrero has added to its growing biscuit empire with the £246m acquisition of Fox’s from 2 Sisters Food Group
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NewsMedia Bites 8 October: Tesco, Ferrero/Fox’s, Greene King
There is a wealth of coverage for Tesco’s half-year results across all the papers today.
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NewsNutri-Genetix seeks £150k from the crowd to expand DNA nutrition brand
Nutri-Genetix, which claims to have developed the world’s first genetically personalised nutrition shake, has launched a crowdfunding pitch to raise £150,000.
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NewsFerrero acquires Fox’s Biscuits from 2 Sisters for £246m
Ferrero has snapped up Fox’s Biscuits from 2 Sisters Food Group for £246m to add to its growing biscuit portfolio across the world.
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NewsCity Snapshot: Tesco sales soar during pandemic but £553m Covid costs drag on profits
Sales at Tesco soared 6.6% in the first half to £26.7bn as shoppers relied more heavily on supermarkets during the coronavirus pandemic, but costs also ballooned to weigh on profits. The supermarket also announced Tate & Lyle CFO Imran Nawaz as its news chief financial officer.
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Comment & OpinionA Ferrero takeover would be good news for Fox’s – and free up 2 Sisters to focus on what matters
A takeover of Fox’s would see Ferrero become the fourth biggest player in the growing UK sweet biscuits market overnight
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NewsDanone to sell remaining €500m stake in Yakult
French food conglomerate Danone has announced plans to sell its remaining 6.6% stake in probiotic yoghurt brand Yakult to strengthen its balance sheet.
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NewsMedia Bites 6 October: Ferrero/Fox’s Biscuits, Hovis, Greencore
Italian confectionery giant Ferrero could announce a £250m deal for Britain’s Fox’s Biscuits as soon as this week
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NewsCrowdcube and Seedrs to merge in crowdfunding consolidation
Crowdfunding platforms Crowdcube and Seedrs have agreed a merger, creating one of the world’s largest private equity marketplaces
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NewsAround Noon expands into healthy ready meals with Simply Fit Food deal
Northern Irish food-to-go supplier Around Noon has acquired healthy ready meal maker Simply Fit Food in attempt to diversify its offering after the coronavirus pandemic hit the sandwich market.
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NewsCity Snapshot: Profits slump at Greencore but demand for food-to-go returning
Profits have slumped 40% at Greencore as the coronavirus crisis pushed up costs and saw revenues nosedive, but food-to-go demand started to return in the fourth quarter. And Italian food group Newlat Food has proposed an acquisition of bread maker Hovis.
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News@Pizza raises £1m to launch restaurants and drive-thrus
The business will use the funding to fit out shipping containers to replicate its two bricks & mortar restaurants in Birmingham and Edinburgh
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Analysis & FeaturesWhy does EG Group want to buy Asda and what will it do with it?
The deal with TDR Capital and the Issa brothers would put raw entrepreneurship and ambition in the driving seat at Asda
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NewsMedia Bites 1 October: Tesco, Ocado, Morrisons, Compass Group
Ken Murphy replaces Dave Lewis at Britain’s biggest supermarket today and faces investors next week.
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NewsSomething & Nothing smashes crowdfunding target as it plans alcoholic seltzer launch
Seltzer brand Something & Nothing has raised more than £500,000 to launch a premium alcoholic drinks range and accelerate its direct-to-consumer offering.
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NewsMedia Bites 29 September: Asda, Aldi, Tesco, Reckitt Benckiser
The billionaire brothers behind EG Group have moved into pole position in the race to takeover Asda.
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NewsRejuvenation Water turns to crowd to fund coffee machine 'health pods' launch
Plant-based drinks brand Rejuvenation Water is seeking funding to launch a range of compostable ‘health pods’ for Nespresso-compatible coffee machines