All articles by Ed Devlin – Page 98
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NewsHealthier doughnut brand Urban Legend closes first multimillion-pound fundraising
Urban Legend is the first brand to be launched by former Graze CEO Anthony Fletcher’s Believe in Science
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NewsCity Snapshot: Tesco website back online after weekend cyber attack
Tesco has fixed the issues plaguing its website and app over the weekend, with the online service back up and running again today.
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NewsLabour and supply chaos reflected by profit warning hike
Overall, 65% of consumer-facing profit warnings cited cost or supply issues in the third quarter
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NewsMedia Bites 21 October: Nestlé, Asda/EG, THG, Deliveroo
Nestlé upgraded its full-year sales guidance for the second time after the world’s largest foodmaker pushed up prices for products from pet food to ice cream (The Financial Times £). The Lex column in The Financial Times (£) says “a focus on premium products should help Nestlé ...
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NewsOto soars past £2m crowdfunding target as it eyes global CBD growth
Health and wellness CBD brand Oto has smashed a £2m crowdfunding target as investors are increasingly attracted to the rapidly growing cannabidiol market
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NewsCity Snapshot: Nestlé enjoys ‘strong’ organic growth thanks to price hikes and return of OOH
Rising prices, continued elevated demand at supermarkets and a recovery in the out-of-home channel has helped Nestlé boost organic growth by 7.6% in the first nine months of 2021. Plus, Deliveroo updates on Q3; and UK inflation rate slows down in September.
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NewsMorrisons £7.1bn CD&R takeover wins backing from shareholders
Shareholders in Morrisons have given the all-clear for the £7.1bn takeover by Clayton, Dubilier & Rice (CD&R) takeover to go ahead at a general meeting
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NewsProfit warnings rise in grocery industry as supply chain challenges bite
Profit warnings by UK listed companies in consumer-facing sectors, including retail and grocery producers, accounted for more than a third of those issued between July and September
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NewsMedia Bites 19 October: Tesco, Asda/EG Group, THG
Tesco is taking on Amazon as it opens its first checkout-free store in central London, while Asda and EG call off sale of forecourts business.
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NewsCity Snapshot: THG boss gives up ‘golden share’
The Hut Group has announced it intends to remove the ‘golden share’ held by founder, CEO and executive chairman Matthew Moulding in an effort to restore City confidence after a disastrous few weeks for the company.
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NewsAllplants eyes global growth following ‘record-breaking’ funding round
Plant-based meal delivery service Allplants has secured a third record-breaking funding round to help the business keep up with booming customer demand for vegan products.
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NewsSt Pierre Groupe sees growth in UK rocket
UK growth at St Pierre Groupe continues to accelerate, outpacing its success in the US, as a raft of new listings continue to bear fruit
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NewsTapp’d drinks to crowdfunding success
Handcrafted ready-to-drink brand Tapp’d Cocktails has beaten a £200k crowdfunding target as it gets set to expand its reach with a nationwide supermarket listing.
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NewsMedia Bites 14 October: GSK, supply chain crisis, THG, Just Eat Takeaway
Private equity groups are plotting a swoop on the consumer arm of Glaxosmithkline in what could be the biggest takeover by the buyout industry in history.
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NewsBird & Blend brews up expansion plans after raising £1m from the crowd
Bird & Blend Tea Co has raised more than £1m after closing its crowdfunding campaign, beating its target by £700,000
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NewsCity Snapshot: Just Eat continues to thrive as world returns to normal
Growth at Just Eat Takeaway has remained “strong” in the third quarter despite large parts of the world retunring to pre-pandemic life. Plus, THG comments on yesterday’s dramatic 35% share price fall; Nestle changes its geographic zone structure; and Kerry Group kicks off its virtual capital markets day.
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NewsAKT raises £1.5m to grow natural deodorant brand across Europe
The London-based start-up will also use the money to enhance its subscriptions, alongside its loyalty initiatives and ecommerce experiences.
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NewsMedia Bites 12 October: CO2, inflation, beef exports, John Lewis
The aftershocks of the CO2 crisis continues to make headlines, alongside the rising cost of food heading into Christmas.
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NewsCanada’s High Tide enters UK’s CBD market with Blessed acquisition
Canada-based Hide Tide has acquired Scottish online CBD retailer Blessed as it looks to build its e-commerce presence in the UK and Europe.
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NewsCity Snapshot: Treatt sales boom post-lockdown
Drinks ingredients firm Treatt has reported a strong finish to the financial year as it benefitted from the ongoing trend for healthy living. Plus, Asos CEO Nick Beighton steps down.