Finance news – Page 195
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NewsMedia Bites 5 Oct: Asda, Waitrose/Ocado, Hovis
The papers this weekend have plenty of reactions to Asda being “back in British hands” after the £6.8bn deal was announced on Friday.
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News@Pizza raises £1m to launch restaurants and drive-thrus
The business will use the funding to fit out shipping containers to replicate its two bricks & mortar restaurants in Birmingham and Edinburgh
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NewsFDF report reveals effect of pandemic on food & drink exports
Year-on-year exports fell by 13.8% to £9.7bn in the first half of 2020
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NewsGrenade sales surge past £50m on 37% annual growth
Sports nutrition player Grenade continued its stellar sales growth last year, although profits fell back a fifth as it invested in growth.
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NewsVevolution to set up investment platform for plant-based startups
An investment platform bringing together plant-based entrepreneurs and angel investors will launch next month, with a £100k investment prize for startups in the space.
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NewsOnline marketplace software firm Mirakl reveals UK expansion plan
The French company has set its sights on UK grocers and will create 40 new jobs by 2022
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NewsCity snapshot: UK food and drink exports fall for first time since 2015
Food and drink exports have fallen for the first time since 2015 as a result of coronavirus disruption, an FDF report has shown.
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NewsMedia Bites 2 October: Ocado, Tesco, PepsiCo
Ocado’s strategy of selling its grocery knowhow worldwide is under threat after a Norwegian rival claimed it has copied its technology and infringed its patents
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NewsCity snapshot: Britvic sells three French bottling facilities to Refresco
Britvic has confirmed this morning it has completed the sale of its juice assets in France to European bottling giant Refresco.
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NewsMedia Bites 1 October: Tesco, Ocado, Morrisons, Compass Group
Ken Murphy replaces Dave Lewis at Britain’s biggest supermarket today and faces investors next week.
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NewsCompass Group performance improves as customers reopen
Catering giant Compass Group’s performance improved towards the end of its financial year, but organic revenues remain down 36% in its fourth quarter.
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NewsCity Snapshot: Shop prices continue to fall as food inflation eases
Shop prices fell by 1.6% in September as retailers cut prices to encourage spending and food price inflation continues to ease. Plus, trading at Compass Group improves as establishments reopen and all the rest of the latest news from the City.
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NewsMedia Bites 30 Sep: Asda, Greggs, B&M
The investors hoping to gain control of Asda are being called on to guarantee the jobs of its 147,000 staff
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NewsSomething & Nothing smashes crowdfunding target as it plans alcoholic seltzer launch
Seltzer brand Something & Nothing has raised more than £500,000 to launch a premium alcoholic drinks range and accelerate its direct-to-consumer offering.
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NewsCity snapshot: Greggs to cut jobs as sales remain well below pre-coronavirus levels
Greggs has confirmed it will cut staff numbers as its level of custom will remain “below normal for the foreseeable future” as sales remain well down year-on-year. Plus, Hotel Chocolat falls to annual loss, B&M’s sales surge continues and all the rest of the latest news from the City.
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NewsMedia Bites 29 September: Asda, Aldi, Tesco, Reckitt Benckiser
The billionaire brothers behind EG Group have moved into pole position in the race to takeover Asda.
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NewsRejuvenation Water turns to crowd to fund coffee machine 'health pods' launch
Plant-based drinks brand Rejuvenation Water is seeking funding to launch a range of compostable ‘health pods’ for Nespresso-compatible coffee machines
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NewsEG Group owners take lead in £6.5bn race to buy Asda
The billionaire owners of forecourt operator EG Group have been tipped to be in pole position in the race to buy Asda
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NewsMeatless Farm Co raises $31m for global expansion
The plant-based brand has raised $31m (£24m) in a new funding round to support global growth plans
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NewsAldi plans 4,000 new jobs as it invests £1.3bn in new stores and upgrades
It has pledged to invest the money into new and upgraded stores, distribution centres and further innovations across its business