Finance news – Page 138
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NewsCity snapshot: Rémy Cointreau upgrades guidance as sales surge past pre-pandemic levels
French spirits player Rémy Cointreau has upgraded its full year guidance after first half revenues jumped 52% driven by the global recovery from Covid. Plus results from Paypoint, Mitchells & Butlers and all the rest of the latest news from the City.
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NewsMedia Bites 25 November: Alcohol shortage, Lidl, Britvic
Britain is facing a Christmas alcohol shortage unless the government does more to address the lack of HGV drivers, a group of 48 wine and spirits companies have told the transport secretary.
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NewsOnline wine merchant seeks £150k to back mission to ‘eradicate wine snobbery’
UK online wine merchant Smashed Grapes has launched a £150k fundraising drive
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NewsGeneral Mills sells European dough business and Jus-Rol brand to Cérélia
General Mills has continued to streamline its portfolio of food assets with an agreement to sell its European dough businesses, which includes the Jus-Rol brand.
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NewsMedia Bites 24 Nov: Asda/Stuart Rose, Pret A Manger, Pets at Home
Asda has appointed Stuart Rose, the Conservative peer and former boss of Marks & Spencer, as its first dedicated chairman in more than 20 years
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NewsCity Snapshot: Lidl targets 1,100 stores by 2025 as sales and profits rise
Lidl has committed to opening another 235 stores across the UK, creating up to 4,000 jobs. Plus, Britvic reveals 12% dividend following ‘strong’ recovery from the pandemic.
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NewsSun Valley Nut Co sold to German confectionery group Zertus
German food group Zertus has acquired The Sun Valley Nut Company as part of its push into healthier snacking in the UK
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NewsThe Real Olive Company seeks wider retail listings for NPD as it beats £200k crowdfunding goal
The producer of fresh, organic olives, olive oils and antipasti is overfunding for another two weeks and has currently raised more than £250k from 350 investors.
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NewsCity snapshot: Poultry growth compensates for weaker pork sales at Cranswick
Meat giant Cranswick has brushed off a drop pork retail and export sales amid a shortage of butchers to grow first half revenues and profits on increased sales poultry and other categories. Plus results from Compass Group and Pets at Home and all the rest of the latest news from the City
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NewsMedia Bites 23 November: M&S, Gusbourne, John Lewis
Marks & Spencer has bought a 25% stake in trendy womenswear brand Nobody’s Child as moves to revive its clothing arm gather pace.
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NewsCraft brewery Anspach & Hobday raises £440k to boost London Black
London-based craft brewery Anspach & Hobday has raised £440k to upgrade its brewery to boost production of its London Black rival to Guinness.
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NewsCity Snapshot: Marks & Spencer shares soar on private equity takeover rumours
Rumours have begun to swirl around Marks & Spencer, with speculation emerging over a potential offer from a US private equity firm, the departure of CEO Steve Rowe and the long-term future of the joint venture with Ocado.
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NewsMedia Bites 22 Nov: M&S, Unilever/Tea brands, Amazon
Private equity giant Apollo has been running the rule over Marks & Spencer in recent months in a sign that the wave of deal-making rocking the retail industry is set to continue
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NewsCity News: Premier Foods weathers mini sell-off as it faces tough comparatives
As consumers returned to out-of-home eating, the business came up against last year’s Covid-elevated figures.
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NewsUnilever offloads global tea business to CVC in €4.5bn deal
The European private equity firm saw off competition from rival investment houses Advent and Carlyle in an auction that concluded yesterday afternoon. Unite called for urgent talks with Unilver about the sale.
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NewsUFit seeking funding for expansion plans
The process is still in its early stages, with advisors at Stamford Partners having sent out a teaser document to a range of potential buyers and investors
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NewsLyre’s valued at £270m in largest funding round for the alcohol-free brand
Alcohol-free spirits brand Lyre’s has closed its largest funding round to date as investors and consumers continue to drive a boom in the low & no drinks category
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NewsFearne & Rosie kicks off £250,000 raise
It will deploy the money in raising brand awareness, in-store activation and bringing new talent to the startup.
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NewsMedia Bites 19 November: Unilever, Walkers, Naked Wines, M&S
Unilever’s tea sell-off is in focus in the papers this morning, alongside an ongoing crisp shortage and a new partnership for M&S and Costa.
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NewsCity Snapshot: Unilever sells global tea business to CVC Capital Partners for €4.5bn
Unilever’s tea business, Ekaterra, is home to a portfolio of 34 brands, including PG Tips, Lipton and Pukka.