All articles by Ed Devlin – Page 168
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News
Media Bites 20 July: SABMiller, Monsanto/Bayer, Store Twenty One
SABMiller directors will discuss mounting frustration among some of its shareholders over the AB InBev mega-brew takeover; and Monsanto rejects a sweetened offer from Bayer.
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City snapshot: Gusbourne to raise £10m in bonds issue
English sparkling wine producer Gusbourne is aiming to raise up to £10m through a bonds issue to spend in its vineyards and increase its stocks.
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NFT Distribution snaps up chilled food logistics firm NR Evans
The acquisition of the temperature controlled distribution business NR Evans will strengthen NFT’s offering in the chilled, ambient and dairy fmcg supply chain.
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GCL Food Ingredients on expansion drive with £1m funding
Wholesale food and drinks supplier Giorgio’s Continental is widening its product range and taking on more staff thanks to a £2.5m investment in its site and a £1m bank funding package.
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My Local administrators confident of more store sales to come
Administrators at My Local have sold 26 of the failed retailer’s convenience stores since being appointed, with hopes to offload another 16 in the coming days and weeks.
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City snapshot: SSP Group lifted by weak pound
Travel concession group SSP gets revenue boost from the weak pound in Q3 but continued to be affected by the terror attacks in Europe. Plus, Dairy Crest updates on Q1 ahead of AGM; Carr’s warns of difficult markets in wake of Brexit; and John Menzies appoints chairman.
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Conviviality share price boosted as sales more than double
Shares in Conviviality leapt 10% today as revenues more than doubled to £864.5m and the drinks group said the integration plan for Matthew Clark and Bibendum was ahead of expectations.
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Tesco makes 100% Rainforest Alliance certified cocoa pledge
The retailer will also ensure cocoa used in other UK products will be responsibly sourced
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Finsbury Food confident in face of Brexit uncertainty
Speciality bakery Finsbury Food said the enlarged group was “well equipped” to weather any potential Brexit storm as it reported sales growth of 25% following the integration of Fletchers and Johnstone’s.
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Analysis and Features
Heineken UK MD David Forde on Theresa May, Brexit, health and NPD
Heineken UK MD David Forde hopes Theresa May’s agenda on Brexit and obesity will prove refreshing
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News
Bettys & Taylors Group sales up but profit drops to £10m
Bettys & Taylors Group has increased sales 5% to £163.4m despite “competitive pressures” in its core markets
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Tags abandons mults plans after Dragons deal falls through
Tags Tasty Crisps has abandoned its goal of bagging national supermarket listings to focus on foodservice
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Vitalife in crowdfunding bid for Love Health Hate Waste
It plans to raise £100,000 on Crowdcube to fund a further rollout of the Love Health Hate Waste concept
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City News: Hotel Chocolat shares boosted by sales rise
A better-than-expected rise in full-year sales injected some life into Hotel Chocolat shares this week
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Media Bites 15 July: Bayer/Monsanto, Hershey/Mondelez, Steinhoff/Poundland
The papers feature stories on three different takeover sagas, all at different stages with their own hurdles to clear.
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City snapshot: Steinhoff £600m Poundland bid faces pressure from activist fund manager
Steinhoff’s £600m takeover bid for Poundland has been complicated by an activist hedge fund building up a sizable stake in the beleaguered fixed-priced discounter.
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Mindful Chef launches £400k funding campaign
Recipe box start-up Mindful Chef is seeking £400,000 in a crowdfunding campaign to raise the profile of the business.
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News
Wessanen snaps up Mrs Crimble’s gluten-free brand
The organic food company behind the Clipper Tea, Kallo and Whole Earth brands has snapped up gluten-free cake maker Mrs Crimble’s.
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News
Media Bites 11 July: Poundland, Asda, SAB Miller, Diageo, Fever-Tree, sugar tax, Brexit
Steinhoff is applying the finishing touches to a £600m-plus takeover bid for Poundland ahead of this Wednesday’s bid deadline; new Asda boss could “easily lose” new price war; and food and drink industry calls for sugar tax to be mothballed in wake of Brexit
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City snapshot: McBride upgrades profits forecast
Profits will be better than expected at McBride but sales are 2% lower