All articles by Ed Devlin – Page 89
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NewsMedia Bites 31 August: Sainsbury’s, Morrisons, Asda, M&S, Mars
The papers were still filled with the takeover frenzy gripping the supermarket sector over the weekend.
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NewsCity News: Sainsbury’s shares soar as takeover speculation mounts
Takeover fever engulfed Sainsbury’s this week, as corporate raiders looking to the UK for cheap assets eyed up yet another supermarket
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NewsCity Snapshot: EG Group profits surge as Covid restrictions ease
Profits have returned to strong growth at forecourt giant EG Group as customer numbers recovered from the pandemic lows of a year ago.
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NewsBird & Blend flies past crowdfunding target ahead of retail store expansion
Bird & Blend Tea Co has flown past a £300k crowdfunding target in just two days as it looks to expand its retail estate further.
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NewsMedia Bites 26 August: supply shortages, Morrisons, M&S
The papers are dominated by increasing worries about the supply chain shortage in the run-up to Christmas.
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NewsCD&R promises to 'fully safeguard' Morrisons’ pension schemes
Clayton, Dubilier & Rice has reaffirmed its commitment to safeguard the Morrisons’ pension schemes after trustees charged with protecting the funds called for further guarantees ahead of any private equity takeover.
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NewsCity Snapshot: Morrisons pension trustees warn £7bn takeover could “materially weaken” schemes
The trustees of the pension schemes at Morrisons have warned that a private equity takeover could “materially weaken” the security of the funds unless further protections were agreed.
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NewsVitality acquired by Canada’s Yooma Wellness to grow CBD portfolio in the UK
Birmingham-based Vitality is one of the most widely stocked CBD brands in the UK
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NewsRevvies Energy Strips hits crowdfunding target to disrupt UK performance nutrition market
Performance nutrition challenger Revvies Energy Strips has closed a crowdfunding round having raised almost £170k to boost awareness of the brand in the UK and overseas.
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NewsMedia Bites 24 August: Sainsbury’s, Morrisons, Deliveroo/Boots, M&S
The papers are filled with the fallout from speculation at the weekend that Sainsbury’s is being circled by potential PE bidders.
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Comment & OpinionApollo’s bid for Sainsbury’s may be speculation, but UK grocers remain attractive investments
The market has reacted wildly to hints of a bid for Sainsbury’s. But there’s little substance to the report just yet
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NewsCity Snapshot: Sainsbury’s shares rocket on takeover speculation
Shares in Sainsbury’s have ballooned more than 9% to a three-year high after speculation emerged in the weekend papers that the supermarket group was the next target of US private equity group.
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NewsEight Fifty Food Group sales and profits rose ahead of Sofina deal
Sales and profits soared at Eight Fifty Food Group in the run-up to the takeover by Canada’s Sofina Foods as the Karro and Young’s owner benefited from Covid-fuelled demand, a growing premium offering, access to China and efficiencies.
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NewsPerkier to bulk up snack bar brand after smashing crowdfunding target
Founder Ann Perkins started the business following a long career in the food industry, including 12 years at Heinz Healthy snack bar start-up Perkier has beaten a £400k crowdfunding target in the first week of its campaign. The plant-based challenger brand has currently raised almost £470k from ...
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NewsMedia Bites 19 August: Nando’s, Philip Morris, Carlsberg
The papers examine the crisis causing chaos in the food industry supply chain.
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NewsCity Snapshot: Carlsberg upgrades profits forecasts as sales recover post-lockdown
Carslberg is the latest brewing giant to report a strong recovery throughout 2021 as pubs and bars reopened following long periods of lockdown.
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NewsJersey Hemp smashes crowdfunding round in bid to take its CBD range mainstream
CBD producer Jersey Hemp has smashed a £1.1m crowdfunding target to help fuel ambitious expansion plans.
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NewsOatly sales soar in Q2 on plant-based demand but losses widen
Oatly Group has revealed a more than 50% jump in revenues for the second quarter on the back of “growing global demand” for its range of oat-based products.
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NewsMedia Bites 17 August: Oatly, Morrisons, Post Office
Swedish oat milk maker Oatly has forecast a near two-thirds jump in annual revenues on the back of the alternative dairy boom.
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NewsSimtom Food Products calls in administrators as Covid takes toll
Indian sauces manufacturer Simtom Food Products has collapsed under the weight of disruption caused by the Covid pandemic, with almost 100 workers losing their jobs.