Finance news – Page 390
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NewsCity snapshot: Cider volumes flat at Magners maker C&C as AB InBev arrangement beds in
Revenues fell 11% to €273.1m at Magners owner C&C Group in the first half as its cider volumes slumped under a new distribution arrangement with brewing giant AB InBev. Plus, AB InBev reports profits jump as it sells less beer for higher prices in the third quarter.
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NewsTesco axes 17 of Tyrrells’ 23 crisps and popcorn SKUs
The delistings come as part of a bagged snacks overhaul at the supermarket in favour of healthier options
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NewsForthglade Foods secures £5m growth capital to expand in the UK and overseas
Private equity-backed pet food brand Forthglade Foods has secure £5m growth capital funding to further its expansion plans at home and overseas, as well as developing a larger manufacturing facility.
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NewsM&S extends online grocery trial to Camberley and Reading
Speedy home delivery and click & collect service began in just two stores last month
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NewsPoundland settles dispute with Mondelez over Toblerone copycat
The value retailer will relaunch Twin Peaks in the new year with a modified shape
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NewsLow-calorie ice cream sensation Halo Top is coming to the UK
The cult brand, which has dented sales of Häagen-Dazs and Ben & Jerry’s in the US, is slated for a January launch, The Grocer can reveal
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NewsCity snapshot: Refresco agrees terms over €1.62bn private equity sale
Dutch bottling giant Refresco has agreed to recommend a €20 per share offer from a consortium of PAI Partners and British Columbia Investment Management valuing the firm at €1.62bn. Plus, Heineken third quarter volumes up 2.5% despite UK double-digit slump, British American Tobacco to set out new product growth targets and all the rest of the latest news from the City.
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NewsMedia Bites 25 Oct: Unilever, Whitbread/Costa, McDonalds
At least three bidders are expected to be shortlisted for the second round of an auction for Unilever’s margarine and spreads business while two other private equity groups are no longer in the fray.
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NewsDann's Ice Cream expands range of luxury ice cream
Luxury ice cream manufacturer Dann’s Ice Cream is expanding its product range and widening its distribution after securing a five-figure bank loan.
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NewsCity snapshot: Costa Coffee first half UK sales climb 9.1% but profits slide
Costa Coffee grew revenues by 9.1% in the first half to £622m but significant increases in labour costs, business rates and foreign exchange impacts on coffee imports hit profits. Plus, first quarter revenues slide at McBride, first half volumes up at Distil and all the rest of the latest news from the City
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NewsMedia Bites 24 Oct: HelloFresh, UK Manufacturing, Amazon
HelloFresh, the German seller of meal kits, has said that it is targeting a valuation of up to €1.5bn in its initial public offering, a significant premium to the market capitalisation of American rival Blue Apron.
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NewsFood waste tech firm Winnow raises $7.4m growth capital
A technology company behind software which helps chefs cut food waste has completed a round of funding to raise $7.4m (£5.6m) in growth capital.
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NewsSainsbury's to open four more in-store Mini Habitats
The openings will mean Sainsbury’s has a total of 10 Mini Habitats across its network
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NewsNew profits warning from Real Good Food
Real Good Food has warned it is likely to post a loss in the current financial year commodity price increases and labour costs have hit earnings.
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NewsMedia Bites 23 Oct: Aldi/Lidl, Sainsbury's, Brexit
Discount supermarkets Aldi and Lidl are pressing ahead with rapid expansion despite fears over shifting shopping habits that are forcing Britain’s “Big Four” grocers to shake up their store estates.
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NewsBrewDog returns to crowd for fifth time to raise £10m
BrewDog is again turning to its ‘equity punks’ to raise up to £50m in its fifth crowd campaign
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NewsP&G reports sluggish growth in first quarter
Procter & Gamble got off to a slow start in its new financial year as sales came in below expectations as sluggish growth continued to plague global consumer goods giants.
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NewsReckitt restructure baffles City analysts
A surprise radical restructure at Reckitt Benckiser left analysts scratching their heads this week
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NewsQuorn capitalises on meat-free popularity with revenue jump
Quorn is back in double-digit growth as demand for meat-free alternatives continues to boom in the UK and overseas…
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NewsHarrods sales pass £2bn as tourists make most of weak pound
Harrods expects capital expenditure to continue to increase over the coming years