Finance news – Page 198
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NewsMedia Bites 14 Sep: Hovis, Ocado/Waitrose/John Lewis, Mindful Chef
A pack of turnaround investors, private equity funds and food groups are vying to snap up Hovis
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NewsCity News: Morrisons shows surge in demand is double-edged sword
The retailer on Thursday revealed a jump in first-half sales could not mitigate the extra costs caused by the coronavirus
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NewsTesco price-cutting drive shifts it into annual deflation
Tesco’s drive to cut prices in the post-lockdown market has seen it move back into annual price deflation for the first time in almost a year
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NewsPetfood sales flurry expected with deals for brands on table
A further raft of UK petfood brands are set to come to market by the end of the year as the M&A market begins to thaw in the aftermath of lockdown.
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NewsBrewDog reopens Equity for Punks in sustainability drive
BrewDog has reopened its Equity for Punks crowdfunding scheme for the final time as it aims to raise £7.5m for sustainable initiatives
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NewsApollo, Lone Star and TDR enter bidding war to purchase Asda
All three made offers for the UK supermarket chain this week ahead of the deadline for bidding
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NewsCity snapshot: UK petfood M&A flurry expected with three auctions set to launch
A further raft of UK petfood brands are set to come to market by the end of the year as the M&A market begins to thaw in the aftermath of lockdown.
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NewsMedia Bites 11 Sep: The Hut Group, Morrisons, Cafe Nero
London’s biggest stock market listing in three years has moved closer after The Hut Group set the value of its shares at £5.4bn
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NewsSliabh Liag drinks to £1.5m crowdfunding success for Irish whiskey distillery
Irish whiskey, gin and vodka producer Sliabh Liag, which is backed by Asahi and former SABMiller executives, has smashed its £1m crowdfunding target.
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NewsMission Ventures opens up Good Fund Fund to wider category of brands
Food and drink accelerator Mission Ventures has reopened applications for its Good Food Fund.
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NewsCoca-Cola European Partners invests in self-pour revolution
Coca-Cola European Partners is bringing self-pouring technology to hospitality customers in Europe after acquiring a 25% stake in Innovative Tap Solutions.
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NewsMedia Bites 10 September: Brewdog, Tesco, Cake Box
Brewdog founder James Watt has criticised Boris Johnson over his commitment to climate change
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NewsCity snapshot: Morrisons profits dented by extra coronavirus costs
Morrisons has reported a surge in first half sales, but a double-digit fall in profitability as the extra costs of operating through the coronavirus crisis hit its bottom line.
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NewsBakkavor first half sales drop in ‘challenging’ market
Ready meals maker and fresh foods producer Bakkavor saw a 4.6% fall in first half revenues as Covid-19 had a “significant impact” on performance.
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NewsUK retail sales continue to recover but city centres remain ‘devastated’
Retail sales continued to recover in August, but remain well down on an annual basis as the country recovers from lockdown.
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NewsCity snapshot: Wincanton raises market expectation on back of online demand
The online shopping boom during the coronavirus pandemic has significantly boosted revenues and profits at logistics group Wincanton
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NewsMedia Bites 9 Sep: Iceland, Amazon, Fevertree
Supermarket Iceland has created 3,000 new jobs to cope with the huge extra demand for online groceries
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NewsMedia Bites 8 September: AB InBev, Charles Wilson, Amazon, Primark
Anheuser-Busch InBev has launched a process to replace chief executive Carlos Brito
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NewsCity snapshot: Fever-Tree sales and profits slump amid coronavirus lockdowns
Premium drinks mixer producer Fever-Tree saw a double-digit drop in sales and profitability as the shutdown of bars, pubs and restaurants hit first half trading. Plus, on a hectic morning, retail sales rebound in August, trading updates from Bakkavor, McBride, DS Smith and Applegreen joins US service station project
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NewsCity snapshot: ABF profits boost from rising grocery sales
Associated British Foods has benefitted from a surge in grocery sales during the coronavirus outbreak and better-than-expected trading at Primark in the fourth quarter