All articles by Ed Devlin – Page 84
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NewsFodaBox attracts multimillion-pound PE investment
Logistical services provider FodaBox has secured £2.1m in private equity backing to help expand the business.
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NewsMedia Bites 9 November: THG, Coca-Cola, retail sales
The City’s financial watchdog is understood to be reviewing trading volumes in THG after comments made by boss Matt Moulding last week during trading hours could have been interpreted as market-sensitive information.
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NewsCMA launches investigation into Ranjit Boparan’s acquisition of Banham Poultry
The founder of 2 Sisters Food Group struck an agreement to acquire the Norfolk-based chicken processor through his private family office last month
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NewsCity Snapshot: Cake Box profits boom as it grows estate
Profits have more than doubled at Cake Box as customers flooded back to its stores after the end of lockdown.
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NewsTunnock’s profits crash after missing pandemic biscuit boom
The business ceased production at its Uddingston factory in South Lanarkshire on 24 March 2020 for six weeks.
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NewsGood Club plans bigger £6m raise for zero-waste push after bagging £1m from the crowd
The business intends to use the cash to grow its range of products in reusable packaging to 50% of total sales, up from 23% currently.
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NewsMedia Bites 5 November: Sainsbury’s, M&S, BoE
The papers focus on the latest Sainsbury’s results and the Bank of England’s decision to hold interest rates.
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NewsFuture Farm seals £42m funding round to extend into plant-based drinks
The business, which launched in the UK in January 2020, is now valued at more than $400m and growing at 960% a year in Europe.
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NewsMedia Bites 4 November: Labour shortages, Pets at Home, EG Group, John Lewis
The UK poultry industry expects to take up only about half of the 5,500 emergency visas announced by the government ahead of Christmas, after turkey farms cut production and recruited some workers locally.
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NewsMondelez upgrades sales outlook as it hikes prices to battle inflation
Cadbury owner is the latest fmcg giant to highlight the role of price increases as the industry continues to battle inflation
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NewsEG Group expands US empire with Sprint acquisition
The deal – for a reported $300m – pushes the Blackburn-headquartered group into two new states taking its presence in the US to more than 1,750 sites across 33 states.
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NewsCity Snapshot: Pets at Home boss Peter Pritchard to leave pet care retailer
Pets at Home Group CEO Peter Pritchard is to leave the retailer after 11 years with the business. Plus, Coca-Cola HBC reports strong Q3.
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NewsMedia Bites 2 November: THG, Coca-Cola
THG’s troubles look set to continue as BlackRock prepares to sell 55 million shares, while Coca-Cola is to buy the remaining stake in Body Armor that it did not already own for $5.6bn.
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NewsRe:Nourish ramps up global ambitions in £2m funding round
The investment will be used to spearhead the latest launches into the Middle East, Far East and other territories
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NewsCoca-Cola agrees $5.6bn takeover of sports drinks brand BodyArmor
Coca-Cola has taken full control of sports drinks group Body Armor for $5.6bn (£4.1bn) after identifying further “significant potential” for long-term growth.
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NewsCraft rum brand Libations beats crowdfunding target
Craft rum brand Libations has raised almost £200k from the crowd to bring its production in-house and open a distillery in Yorkshire.
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NewsStrangeways raises six-figure crowd sum to grow CBD spirits range
CBD spirits start-up Strangeways has beaten a £120,000 crowdfunding target to expand distribution in supermarkets and develop new products.
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NewsCity Snapshot: Coca-Cola lines up full BodyArmor takeover
Coca-Cola is set to take full control of US sports drink company BodyArmor for $5.6bn.
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NewsCompetition watchdog opens investigation into £7.1bn CD&R takeover of Morrisons
Any issues for the CMA are likely to centre around Morrisons’ forecourt operations and the CD&R-owned Motor Fuel Group
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NewsMedia Bites 29 October: Tesco/Gorillas, Amazon, AB InBev, Virgin Wines
Tesco’s new partnership with Gorillas is picked up by all the papers, along with coverage of Amazon’s latest trading update.