Finance news – Page 191
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NewsUK petfood M&A boom continues with two more premium deals
The flurry of petfood dealmaking continued this week, with the completion of a further two acquisitions of premium UK-based petfood players.
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NewsLockdown Liquor raises £300k in first funding round to drive growth
Alcoholic drinks startup Lockdown Liquor & Co, which launched during the first peak of the coronavirus pandemic, has raised more than £300,000 in its first ever funding round
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NewsLow-alcohol brewery Small Beer smashes crowdfund campaign
Investors have rushed to pledge support to low-abv brewery Small Beer, which hit its £400,000 crowdfunding target in just two days this week
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NewsMinority investments drive start of UK food & drink M&A recovery
Minority investments in fast-growing brands helped lead to an uptick in UK food and drink M&A activity in the third quarter, though the impact of the coronavirus continues to weigh on deal volumes
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NewsCity snapshot: Lower Covid costs boost profits at Groupe Casino
French grocery giant Groupe Casino has posted a rise in sales and earnings in the third quarter as strong performance in Latin American was helped by improved profitability in France as Covid costs reduced. Plus, losses as Tasty mount, Carrefour sells payments arm for €300m and the rest of the latest news from the City.
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NewsMedia Bites 30 Oct: Business rates, AB InBev, Amazon
The bosses of three of Britain’s biggest supermarket chains have urged Rishi Sunak to use an overhaul of the business rates system to “level up” the economy
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NewsKraft Heinz reports Q3 coronavirus pandemic sales boost
Sales at Kraft Heinz have experienced a boost in the third quarter as consumers continue to drive growth at global food groups during the coronavirus pandemic.
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NewsKellogg upgrades sales forecast on demand for Pringles and cereal
Kellogg has become the latest global fmcg giant to reveal better-than-expected results as shoppers continue to buy more of its portfolio of brands while spending more time at home during the ongoing coronavirus crisis.
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NewsCity Snapshot: Glanbia 2020 sales edge up despite performance nutrition weakness
Glanbia has posted a ‘resilient’ performance so far in 2020 as a sharp drop in sales at its performance nutrition division was mitigated by growth in its nutritionals business. Plus Hilton Food Gropu benefits from COVID, Supermarket Income REIT buys Sainsbury’s supermarket and all the rest of the latest news from the City.
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NewsMedia Bites 29 October: EG Group, Christmas advertising, Heineken
The billionaire brothers buying Asda were dealt a fresh blow yesterday when Moody’s cut its credit rating on the debts of their petrol station group deeper into junk territory.
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NewsConsumer insight specialist Streetbees raises $40m to boost ‘human AI’ capabilities
Consumer insight firm Streetbees has today closed a US$40m funding round to accelerate the development of its ‘human intelligence platform’.
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NewsAgronomics raises £10m to fund lab-grown meat companies
Lab-grown meat investor Agronomics has raised £10m from a share placing to continue to fund companies in the alternative protein market.
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NewsTate & Lyle acquires Thai tapioca producer Chaodee Modified Starch
Ingredients supplier Tate & Lyle has snapped up a tapioca producer in Thailand to broaden the range of goods it can offer customers.
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NewsCity Snapshot: Heineken to axe head office staff as profits plunge
Heineken is planning to slash jobs at its head office in a bid to cut costs and return to profitable growth as the Covid pandemic continues to slam the hospitality industry. Plus, Carlsberg revises profit expectations upwards after “strong” Q3; the latest inflation figures from the BRC-Nielsen shop prices index; and Tate & Lyle buys a tapioca starch manufacturer in Thailand.
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NewsMedia Bites 28 Oct: Retail sales, Unilever, Hut Group
Retail sales fell in October as the second wave shut down demand for clothes shops and department stores
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NewsCity snapshot: Revolution Bars files for CVA to close sites as coronavirus savages revenues
Revolution Bars has launched a company voluntary arrangement to close a number of bars and reduce rents after its revenues have collapsed due the coronavirus
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NewsMedia Bites 27 October: Wales, Diageo, The Hut Group
The move by the Welsh government to ban the sale of “non-essentials” items has created confusion Retailers in Wales on Monday called on the principality’s devolved government to allow an “inform not enforce” policy over the sale of non-essential goods, as business frustration over inconsistent and ambiguous ...
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NewsSkinner’s buys majority stake in wet dogfood player Naturediet
Dry dogfood specialist Skinner’s has bought a majority stake in branded natural wet dogfood producer Naturediet
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NewsSpectrum Brands agrees £140m deal for Good Boy producer Armitage Pet Care
The Grocer revealed in September that Rutland had tasked PwC with handling a sales process for Armitage
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NewsKale United seeks £2m funding to launch plant-based expansion drive
Plant-based network Kale United has launched its fourth funding round to raise a further €2.2m (£2m) by Christmas to drive further expansion.