Finance news – Page 49
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NewsBidder for entire Wilko chain given until 5pm to provide more details
If details are not forthcoming, Wilko will be carved up and redundancies, which were paused yesterday, are likely to be restarted, according to GMB Union
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NewsAI fruit yield forecasting startup raises £2.8m ahead of commercial launch
The technology has been on trial at “at field-scale” with two UK soft fruit growers and processors, WB Chambers and Place UK, over the last two years
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NewsFearne & Rosie in mainstream push as jam challenger wins six-figure investment
Kids’ jam startup Fearne & Rosie has secured £450k to support the next stage of its development and turn its reduced-sugar spreads challenger brand into a household name
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NewsMedia Bites 30 Aug: Wilko, Brexit border controls, Marks & Spencer
An Anglo-Canadian bidder for collapsed retailer Wilko has criticised administrators PwC, questioning whether the process was “fair and transparent”
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NewsCity snapshot: M&S set for return to FTSE 100
M&S is expected to reclaim its spot in the list of the UK’s most valuable companies today for the first time in four years following a recent turnaround in fortunes.
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NewsGood Food Programme recruits seven new challenger brands
Each will receive a £15,000 equity-free grant and benefit from two years of specialised branding support
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NewsCity snapshot: UK food inflation continues to decelerate
Annual shop price inflation dropped to 6.9% in August as food inflation continues to decelerate, albeit food price growth remains in double digits
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NewsMedia Bites 29 August: Wilko, food prices, Asda
The fate of Wilko continues to generate lots of headlines, alongside lots of food and drink news over a busy bank holiday weekend.
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NewsCity News: Tesco boosted by market share gains and broker endorsement
Britain’s biggest grocer received a double boost this week
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NewsLily’s Kitchen sales build at home and abroad following Nestlé takeover
Premium petfood player Lily’s Kitchen has continued to rapidly build sales following its April 2020 acquisition by Nestlé
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NewsHeineken takes €300m hit to exit Russia
Global brewer Heineken has completed its exit from Russia, incurring a total cumulative loss of €300m on the deal
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NewsCity snapshot: UK consumer confidence improves in August
UK consumer confidence continued to improve in August as falling inflation has boosted economic expectations
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NewsSubway agrees sale to PE group Roark Capital
Global quick service food chain Subway has agreed a sale to US private equity giant Roark Capital in a deal purported to be worth $9.6bn
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NewsMedia Bites 25 August: Wilko, Subway, Asda
A last-gasp attempt to rescue the stricken retail chain Wilko creates headlines this morning.
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NewsBreal Capital completes Brew By Numbers acquisition
The deal sees the south London craft brewery join Brick Brewery and Black Sheep in Breal’s stable
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NewsCrediton Dairy to pump £20m into production and sustainability
Upgrades will be made to dairy processing capabilities, employee welfare and office facilities, and carbon reduction initiatives
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NewsCity snapshot: Majority of Wilko stores to close within a week, union warns
The GMB Union has warned its members that the majority of Wilko stores will close within a week after a purchase of the discount retailer fell through
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NewsExponent sells Meadow Foods stake to Fairfax Financial
Private equity player Exponent has sold a ‘significant’ stake in ingredients specialist Meadow Foods to investment group Fairfax Financial
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NewsHoly ready to shake up UK soft drinks as it raises €10.5m for expansion
Founded in 2020, the brand sells energy drinks and iced tea in a powder form to be topped up and mixed with water by consumers at home.
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NewsMedia Bites 24 August: Wilko, Brexit, John Lewis
Hopes for a rescue of collapsed discounter Wilko faded yesterday as administrators provided an update on the ongoing attempts to sell the business.