Finance news – Page 259
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NewsMedia Bites 16 Oct: Grocery market share, Home Bargains, Marston’s
The market share of the Big Four supermarkets has tumbled to a 15-year low as the march of the German discounters Aldi and Lidl continues
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NewsUnited Wholesale Grocers grows turnover by a fifth
Results were boosted by the acquisition of the former Blakemore depot in Gateshead
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NewsMotor Fuel Group acquires forecourt operator Symonds Retail
Symonds Retail generated revenues of £17.9m in the year ended 31 March 2018
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NewsCity snapshot: Early autumn grocery growth rebounds
Sales across the grocery industry rose 1.3% during the past 12 weeks as the industry emerged from the shadow of tough summer 2018 comparisons. Plus, Marston’s issues profits warning on weak food sales and all the rest of the latest news from the City.
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NewsMedia Bites 15 Oct: Ocado, The Pound, Pork prices
Ocado shares were knocked after JP Morgan analysts cast doubt on its value.
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NewsPunchy Drinks turns to the crowd to fund ‘cutting-edge’ rebrand
No and low-alcohol startup Punchy Drinks has launched a crowdfunding campaign to fund a rebrand and move into cans
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NewsRebel Kitchen merges with Nurture Brands to create plant-based business
From January 2020, Rebel Kitchen will join Emily Crisps and Ape Snacks under the Nurture Brands portfolio
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NewsUK vaping industry pushes ‘facts not fiction’ in reassurance campaign
The UKVIA warned ‘misinformation and scare stories’ had threatened to push UK vapers back to cigarettes
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NewsCity snapshot: UK retail footfall continues to plunge
Retail footfall has dropped once more in September as consumer caution ahead of Brexit increased.
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NewsMedia Bites 14 Oct: EG Group, Retail footfall, Food crime
EG Group, one of the world’s largest independent petrol station and convenience store chains, is considering an initial public offering next year that could value it at more than £10bn
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NewsSnaffling Pig closes £1.3m fundraising campaign
The campaign attracted over 1,900 investors, a first for any food brand to date
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NewsUnited Biscuits’ sales slide amid competition and promotions
United Biscuits sales fell 5.4% last year as consumers turned away from branded favourites.
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NewsHain Celestial under investor pressure for more sell-offs
There’s still been no confirmation of a Sky News report last week linking US food player Hain Celestial with a sale of its UK arm
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NewsGlobal food industry M&A deal activity drops in August
The total value of M&A deals in the global food industry has fallen in August, according to new research
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NewsP&H collapse and supply issues led to £17m loss for Costcutter
However CEO Darcy Willson-Rymer said he was ‘optimistic about 2020’
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NewsCity snapshot: Valeo enters exclusive talks for Jacob’s UK business
The Grocer understainds that Valeo Foods has entered exclusive talks to acquire Jacob’s UK business
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NewsMedia Bites 11 Oct: Obesity, Recession Fears, Pound
The levels of severe obesity among children have risen to an all-time high, official figures have shown, with 4.4% of year six pupils in England needing medical help for their weight. The news comes just as the outgoing Chief Medical Officer, called for severe action to tackle ...
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NewsCoffee startup Minor Figures lands £7.5m to push into US market
London-based coffee products supplier Minor Figures has secured a £7.5m investment to underpin a push into the US market and widen UK retail distribution.
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NewsWalkers Shortbread boss warns of challenges from US tariffs and Brexit
Brexit and the potential imposition of US tariffs on British goods were making business ‘very challenging’, said Jim Walker
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NewsValeo Foods buys 2 Sisters’ Matthew Walker Christmas pudding business
Valeo Foods has continued its string of acquisitions by agreeing to buy 2 Sisters’ Matthew Walker Christmas puddings business in a deal valued £67m