Finance news – Page 145
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NewsMedia Bites 11 Oct: Burger King, Shrinkflation, The Hut Group
Fast-food giant Burger King’s UK division is set to float on the London Stock Exchange for about £600 million as demand rebounds from the Covid pandemic
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NewsBurton’s Biscuits posts double-digit sales jump on Covid retail growth
Burton’s Biscuit Co saw a double-digit sales jump last year as soaring exports and strong grocery retail performance mitigated closures in the food service sector
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NewsCity News: Tesco brushes off supply chain challenges with profit expectations hike
The supermarket leader hiked its full-year profits expectations
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NewsQuorn sales hit by foodservice slump and capacity constraints
Meat-free brand Quorn saw its growth hit by capacity constraints and a slump in foodservice sales last year
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NewsCity snapshot: Grubhub founder Matt Maloney quits Just Eat Takeaway.com
Founder of US delivery player Grubhub Matt Maloney will step away from Just Eat Takeaway.com months after the completion of its £5.8bn acquisition.
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NewsJess Cooks bags £100k seed funding for growth drive
Children’s frozen food start-up Jess Cooks has secured £100k in seed funding to scale the business and build nationwide retail distribution.
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NewsMedia Bites 8 Oct: Fuel crisis, Nestlé, Majestic Wine
The UK’s petrol retailers have called for an independent inquiry into the fuel crisis to ensure it does not happen again
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NewsPerkier closes £1m funding round
Healthy snack bar challenger Perkier has raked in more than £1m in an oversubscribed crowdfunding round after smashing its initial £400k target
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NewsTidal Rum eyes more listings with backing from the crowd
British rum brand The Tidal Rum has hit its crowdfunding target to help expand its distribution across the on and off-trade.
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NewsMedia Bites 7 Oct: Tesco, Ocado, Imperial Brands
Tesco reported a doubling of first-half profits and raised its full-year outlook - shrugging off the challenges posed by supply chain disruption
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NewsCity Snapshot: Nestlé ‘working hard’ to maintain Christmas supply of Quality Street
Nestlé has warned over potential supply problems ahead of the key Christmas period after being dragged into the ongoing crisis hitting all areas of the food industry.
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NewsAddo and Winterbotham Darby merged as Compleat Food Group after PAI acquisitions
Chilled food suppliers Addo Food Group and Winterbotham Darby will come together under the new banner of The Compleat Food Group following their acquisition by PAI Partners earlier this year.
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NewsTesco profits boosted by strong UK sales and Booker rebound
Tesco has hiked its profits expectations this year after strong UK sales and the sharp recovery of Booker boosted its first half performance.
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NewsCity snapshot: Tesco raises profit expectations on strong sales growth
Tesco has hiked its profits expectations after strong UK sales and the sharp recovery of Booker boosted its first half performance.
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NewsMedia Bites 6 October: Greggs, Hotel Chocolat, PepsiCo, supply chain shortages
The papers cover trading updates from Greggs, Hotel Chocolat and PepsiCo, with all three warning about soaring costs.
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NewsCity snapshot: Hotel Chocolat sales and profits rise on digital growth
Hotel Chocolat has posted a financial year ahead of the board’s expectations, with strong revenue and profit growth despite the impact of the pandemic
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NewsMedia Bites 5 October: Sainsbury’s/Tesco/Morrrisons, HGV crisis, Caffe Nero
Morrisons featured heavily again today as the papers digested the CD&R deal and looked at who might be next on the PE hit list.
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NewsUK food and drink deal activity surges to ten-year high
UK food and drink M&A activity jumped to its highest level since 2010 in the fourth month period between May and August as the 2021 rush of dealmaking continued.
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NewsSamworth Brothers revenues take hit from food to go slump
The Ginsters and West Cornwall Pasty Co owner said Covid’s impact on buying habits had led to a “very difficult and challenging”
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NewsEG Group buys bakery chain Cooplands
UK forecourt giant EG Group has expanded its foodservice portfolio with the acquisition of bakery business Cooplands.