All articles by Ed Devlin – Page 26
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NewsDistil seeks funds after profit warning and collapse in sales
Spirits group Distil is exploring funding options to meet an unexpected shortfall in its finances after it issued a profits warning for 2024
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NewsCity snapshot: Carlsberg upgrades guidance despite European challenges
Carlsberg has lifted profit expectations after “an exciting year” for the Danish brewer, despite volumes being held back by bad weather in Europe. Plus, first-half results from Glanbia and Distil seeks new funds after revenues plunged 55%
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NewsHuel and Zoe ads featuring Steven Bartlett banned for ‘misleading’ consumers
The Advertising Standards Authority ruled the two nutrition brands had failed to disclose their commercial relationships with the Dragons’ Den star in paid-for Facebook promotions and banned the adverts from appearing again in their current form
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NewsFieldGoods secures six-figure investment to expand distribution
The company will use the £750k – raised from angel investors – to boost brand awareness, back new product development and expand the team
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NewsNestlé hires new directors for the UK & Ireland
Nestlé has appointed a new corporate affairs & sustainability director and head of finance for the UK and Ireland
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NewsMedia Bites 13 August: Brexit, JDE Peet, Kantar
Vegetable growers in the UK have said crops could be adversely hit this year after post-Brexit border changes resulted in delays to seed imports
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NewsAdamo Foods raises £2m to bring ‘ultra-realistic’ steak alternative to market
Food tech startup Adamo Foods has closed a $2.5m (£2m) seed funding round to back its mission to introduce the first ultra-realistic beef steak alternative made from fungi
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NewsCity snapshot: Sainsbury’s boss calls on government to keep business rates promises
Sainsbury’s has teamed up with the USDAW union to call on the new Labour Government to deliver on its promise to reform business rates
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NewsSpayne Lindsay deepens investment banking ties with NuOrion Partners
Corporate finance firm Spayne Lindsay has expanded its investment banking partnership with US counterpart NuOrion Partners to focus on the global consumer sector
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NewsNix & Kix seeking fresh investment months after crowd raise
Nix & Kix is looking for a buyer to inject fresh capital into the soft drinks challenger just months after raising additional cash from the crowd
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NewsKnoops raises £5m from Julian Metcalfe and other industry titans
Metcalfe joins the board of the company as a non-executive director alongside Alice Avis, former CEO and chairwoman of the Sanctuary Spa Group, who also invested as part of the round
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NewsPerfectTed secures another £1m in Steven Bartlett partnership
PerfectTed has secured a fresh £1m in funding from Steven Bartlett as the Dragons’ Den star doubled down on his investment in the rapidly growing energy drink brand
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NewsTofoo Co benefits from demand for natural plant-based brands
The Tofoo Co has defied wider declines in meat alternatives as shoppers shun ultra-processed options in favour of more natural ingredients
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Analysis & FeaturesWhat are the challenges for Reckitt’s sell-off strategy?
The group is planning to sell non-core brands and focus on ‘Essential Home’
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NewsMedia Bites 2 August: interest rates, Morrisons, Amazon
The Bank of England’s decision to cut interest rates for the first time in more than four years is in focus in this morning’s papers
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NewsMedia Bites 1 August: Asda, Chill Brands, Deliveroo
An emergency £30m cash injection into Asda makes the papers this morning
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NewsParamount Retail Group expands into beer with Saltaire Brewery acquisition
The Yorkshire-headquartered group said it had identified Saltaire as a regional brand with ‘significant national and international growth potential’
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NewsIllycaffè confident of further growth despite coffee price volatility
Illycaffè has boosted first-half profits as revenues increased in all its major markets and distribution channels, with the Italian coffee roaster keeping a tight control over costs
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News‘Incredible new chapter’ as Newlat completes £700m Princes takeover
The combined group, which also includes Symington’s in the UK, will have a turnover of €2.8bn, a global network of 31 plants, 8,800 employees and more than 30 brands
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NewsHill Biscuits snapped up by Cerealto UK
The custard creams and bourbons maker has been sold to the UK arm of Spanish own label giant Cerealto to give long-standing private equity backer LDC an exit