All articles by Ed Devlin – Page 73
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NewsMedia Bites 5 April: Morrisons, inflation, Ferrero, M&S
The new owners of Morrisons have given the green light to plans to sell a £500m property portfolio, while the supermarket warns its profits are likely to take a significant hit this year as the cost of living crisis and disruption due to the war in Ukraine weigh on the grocery market.
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NewsCompleat Food Group hires former Burton’s Biscuits boss Nick Field as CEO
Field will join the Addo, Winterbotham Darby and Wrights Food Group owner as CEO in June
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NewsCity Snapshot: Consumer confidence plunges rapidly in face of soaring prices
Rampant inflation has sparked a record decline in consumer confidence, with the pent-up demand in discretionary spending disappearing as the cost of living soars, according to a new survey.
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NewsMatugga Distillery closes in on £300k crowdfunding goal
The business, run by married co-founders Jacine Rutasikwa and Paul Rutasikwa, is aiming to become a ‘cane to cask’ producer, with plans underway to develop a sugarcane plantation in Uganda.
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NewsCMA gives Boparan green light for Banham Poultry acquisition
After taking a closer look at the transaction and launching a phase 1 inquiry in January, the Competition & Markets Authority (CMA) cleared the deal.
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NewsKoRo closes €50m funding round to continue rapid growth across Europe
The business – started in Berlin in 2014 – sells a range of more than 1,000 SKUs across food categories and kitchen appliances direct to consumers.
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NewsCheeky Panda smashes £1m crowdfunding target as it looks ahead to IPO
Eco household brand Cheeky Panda has welcomed thousands of new shareholders after closing its latest round of crowdfunding ahead of a planned IPO.
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NewsLittle Moons hires Mike Hedges as CEO after L Catterton invests
Hedges joins the business as CEO on 4 April to support further distribution expansion in the UK and overseas.
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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.