All articles by Ed Devlin – Page 68
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NewsMedia Bites 25 March: Boots, Holland & Barrett, Ocado, Morrisons, McColl's
Apollo Global Management, the New York-based buyout giant, is lining up banks to fund a £6bn tilt to buy Boots, according to reports this morning.
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NewsMedia Bites 24 March: Spring statement, inflation, food poverty, Nestlé
Rishi Sunak’s spring statement dominates the headlines this morning as inflation continues to surge.
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NewsBritish Honey Company raises six-figure sum to grow its spirits offering
The British Honey Company has completed a six-figure sum fundraising to help it expand further in the premium spirits market.
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NewsFearne & Rosie launches crowdfunding campaign backed by Giles Brook and Pip & Nut founder
The business is hoping to raise £200,000 on the Seedrs platform as it seeks to continue its efforts to reduce the amount of sugar consumed by children.
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NewsCity Snapshot: Cost of living hits new 30-year high as energy, petrol and food prices climb
The squeeze on living costs continued to ramp up last month, with food prices up sharply, according to the latest official figures released this morning ahead of the Chancellor’s spring statement.
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NewsAgronomics launches Roslin Technologies joint venture to develop lab grown pet food
Cultivated meat investor Agronomics has partnered with a food biotech company to develop lab grown meat for pets.
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NewsMedia Bites 22 March: Nestlé, Ukraine, wheat prices, PZ Cussons/Childs Farm
Nestlé has defended its decision to stay in Russia by saying it would not profit from its operations there as Ukraine upped the pressure on the world’s biggest food company to withdraw as the war intensifies and casualties mount.
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Comment & OpinionPZ Cussons’ acquisition of Childs Farm is a step out of survival mode into exciting territory
The takeover signals a change in pace for the Imperial Leather and Carex owner
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NewsCity Snapshot: PZ Cussons snaps up Childs Farm in £40m deal
PZ Cussons has expanded its coverage in the UK baby and child personal care category with the acquisition of Childs Farm for £36.8m.
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NewsMedia Bites 18 March: Ocado, Getir, Deliveroo, inflation, M&S
The latest results from Ocado and Deliveroo feature in today’s papers, alongside a new fundraise for Getir.
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NewsCecily’s plant-based ice cream brand calls in liquidators
Cecily’s made an award-winning range of eight organic dairy-free ice creams made using coconut milk and coconut sugar
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NewsMedia Bites 17 March: Fever-Tree, inflation, cost of living, Starbucks
The drinks maker Fever-Tree and the owner of the Wagamama and Frankie & Benny’s restaurant chains have warned of dramatic cost increases as the price of commodities and gas and electricity soars and the war in Ukraine adds pressure to their businesses.
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NewsZinda Foods secures six-figure investment as food-to-go recovers from Covid disruption
Food-to-go supplier Zinda Foods has bounced back from Covid disruption to close its first-ever investment round.
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NewsCity Snapshot: Fever-Tree revenues fizz higher but short-term cost pressures loom
Revenues at premium mixer brand Fever-Tree Drinks have jumped 23% to £311.1m despite Covid restrictions hampering on-trade activity as shoppers enjoyed more cocktails at home. Plus, a profits warning from Bulmers owner C&C Group and strong interims from Eagle Eye Solutions.
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NewsFoodHak secures seven-figure backing to take on meal kit market
Entrepreneur Sakshi Chhabra Mittal – a member of the Indian billionaire family dynasty – launched the London-based business at the start of the year.
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NewsJC Rook & Sons falls into administration with 155 redundancies
Butchers chain JC Rook and Sons has ceased trading after the Omicron surge at the end of 2021 hampered the peak Christmas period.
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NewsMedia Bites 15 March: Wilko, National Lottery, Ukraine/Russia, inflation
UK homeware retailer Wilko has apologised after issuing guidance to staff in England telling them they should attend work even if they are Covid-positive, as concerns grow over a fresh wave of hospital admissions.
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NewsSmall Beer to ramp up brewing capacity as demand for low & no booms
Small Beers has pulled in more than double its £300k target in a new crowdfunding campaign as backers flocked to invest in the fast-growing low ABV craft brand.
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NewsSkinny Tonic owner Happy Drinks Co smashes £5m crowdfunding round
Happy Drinks Co has smashed a £5m crowdfunding target to expand the reach of its collection of ‘healthier’ drinks.
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NewsCity Snapshot: Cake Box strengthens exec team in bid to move past audit issues
Bakery chain Cake Box has brought in new blood to its board and management team as it looks to move past governance and audit problems, with co-founder Pardip Dass stepping down as CFO after more than ten years in the role.