Finance news – Page 189
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NewsMPowder secures £500k seed funding from Reckitt Benckiser and backers
Ecommerce start-up MPowder, which produces nutritional powders for women going through the menopause, has closed a £500,000 funding round, with investors including Reckitt Benckiser.
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NewsMedia Bites: Supermarkets/Business rates, Christmas trading, Walmart
Big supermarkets should hand back almost £2bn in business rates relief on offer during the coronavirus pandemic, according to a former minister
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NewsCity snapshot: Tesco Extra and Aldi store picked up for £63m by Supermarket Income REIT
Real estate investment firm Supermarket Income REIT has purchased a Tesco Extra shed and an Aldi store from British Land for £63m.
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NewsMindful Chef predicts surge in demand after sale of stake to Nestlé
CEO Tim Lee told The Grocer turnover had surged to £50m during the coronavirus crisis
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NewsPAI unites Addo and Winterbotham Darby
The two businesses will continue to run independently for the time being, but will be brought together at a later date
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NewsCity snapshot: Profits soar at EG Group despite fuel sales drop
EG Group, the new owner of Asda, has reported a surge in earnings in the third quarter despite a decline in revenues due to lower fuel sales.
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NewsMedia Bites 13 Nov: EG Group, B&M, WH Smith
The new owners of Asda have raised hundreds of millions of pounds by selling a stake in EG Group
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NewsCMA fast-track Crowdcube merger with Seedrs straight to in-depth phase 2 investigation
The UK’s competition watchdog has kicked off an in-depth investigation into the merger of crowdfunding platforms Crowdcube and Seedrs after finding causes for concern.
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NewsCity snapshot: Lockdown and Covid costs drive WH Smith to £280m loss
WH Smith has fallen to a £280m loss as the due to the coronavirus-driven closure of stores and a slump in its travel business.
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NewsMedia Bites 12 November: Tate & Lyle, M&S, Wetherspoons, Guinness
Tate & Lyle Sugars, a prominent corporate backer of Brexit, has warned of sugar and syrup shortages in Northern Ireland in the new year, due to lack of clarity over the UK and EU trade relationship.
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NewsFormer Godiva CEO buys majority stake in Artisan du Chocolat
Artisan employs 80 staff in the UK at its workshop in Kent and at three retail boutiques in London
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NewsNomad Foods unifies Findus with €110m Switzerland deal
The transaction unifies the Findus brand across Europe under the Nomad umbrella
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NewsMedia Bites 11 November: Amazon, Sunday trading, Premier Foods
Amazon has been charged by the European commission with using the sales data of independent retailers selling through its site to illegally gain an advantage in the European marketplace
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NewsCity snapshot: Coca-Cola HBC puts fizz back in trading as countries emerge from lockdown
Coke bottler Coca-Cola HBC has reported “strongly” improved trading in the the third quarter as its markets across Europe and Africa reopened, but volumes cotinued to be affected by the ongoing coronavirus pandemic. Plus, grocery tech firm Eagle Eye has signed a five-year agreement with Australian retail chain Woolworths Group, and markets continued to rally yesterday on vaccine hopes.
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NewsPremier Foods wins over consumers during lockdown as sales boom
Premier Foods boss Alex Whitehouse is confident the group can hold on to the wave of new shoppers flocking to its household favourites
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NewsEG Group expands US network with acquisition of Schrader Oil
The business operates 18 convenience retail stores and fuel stations in Northern Colorado and employs 150 staff
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NewsCity snapshot: Premier Foods upgrades profits outlook after ‘exceptional’ half
Premier Foods has raised its profit expectations for the year after “exceptionally” strong first-half results as consumers flocked back to its stable of household brands during the coronavirus pandemic. Plus, the latest Kantar and Nielsen supermarket data shows no sign of rampant panic buying after the new lockdown was announced. And the latest BRC-KPMG retail sales report. Finally, a host of food and drink stocks rallied yesterday after the hopeful vaccine announcement by Pfizer.
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NewsMedia Bites 10 November: Covid vaccine, Reckitt Benckiser, Ocado, EG Group
Global markets roared higher in a rally led by companies hit hardest by the pandemic after Pfizer and BioNTech revealed a breakthrough in the race to find a vaccine for Covid-19.
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NewsPAI Partners swoops for Addo Food Group and Winterbotham Darby
Addo Food Group and olives and antipasti supplier Winterbotham Darby have been snapped up in a joint chilled foods acquisition for an undisclosed sum
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NewsNestlé buys Mindful Chef to bulk up direct-to-consumer portfolio
Nestlé has acquired a majority stake in recipe kit business for an undisclosed sum to beef up its direct-to-consumer offering in the UK