Finance news – Page 5
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Master of Malt founder buys back Atom Group from AB InBev
Atom Group was acquired by AB InBev’s ZX Ventures in 2018
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Tofoo Co benefits from demand for natural plant-based brands
The Tofoo Co has defied wider declines in meat alternatives as shoppers shun ultra-processed options in favour of more natural ingredients
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City snapshot: Warmer climate helps English wine production boom
Sales of UK wines continue to boom thanks to rising temperatures and better yields, according to accountancy group UHY Hacker Young
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Media Bites 5 August: food imports, English wine, Knoops
Imported food coming into the UK through Brexit border posts is being sent back to Europe to be tested due to a lack of laboratory capacity in Britain
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City News: Diageo boss ‘fighting for job’ as share price plunges again
Another weak market update and share price plunge this week will have left the beleaguered new CEO of Diageo Debra Crew “fighting to keep her job”, according to analysts
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City snapshot: Ocado raises £700m to refinance debt
Ocado has raised £450m in an upsized bond offering to refinance debt along with a separate £250m bond issuance
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Media Bites 2 August: interest rates, Morrisons, Amazon
The Bank of England’s decision to cut interest rates for the first time in more than four years is in focus in this morning’s papers
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City snapshot: AB InBev improves profits but volumes fall back
AB InBev has posted a rise in underlying profits in its second quarter, but sales volumes went backwards in the period as beer sales fell
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Media Bites 1 August: Asda, Chill Brands, Deliveroo
An emergency £30m cash injection into Asda makes the papers this morning
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Paramount Retail Group expands into beer with Saltaire Brewery acquisition
The Yorkshire-headquartered group said it had identified Saltaire as a regional brand with ‘significant national and international growth potential’
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Illycaffè confident of further growth despite coffee price volatility
Illycaffè has boosted first-half profits as revenues increased in all its major markets and distribution channels, with the Italian coffee roaster keeping a tight control over costs
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C&C investor calls on group to appoint directors with ‘skin in the game’
Engine Capital said its two nominees had committed to buying shares personally
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‘Incredible new chapter’ as Newlat completes £700m Princes takeover
The combined group, which also includes Symington’s in the UK, will have a turnover of €2.8bn, a global network of 31 plants, 8,800 employees and more than 30 brands
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Hill Biscuits snapped up by Cerealto UK
The custard creams and bourbons maker has been sold to the UK arm of Spanish own label giant Cerealto to give long-standing private equity backer LDC an exit
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Gymkhana Fine Foods brings in senior management trio to lead retail expansion
Gymkhana Fine Foods has strengthened its senior leadership team with three experienced hires
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Media Bites 31 July: Diageo, Greggs, McDonald’s
The head of Diageo has warned that consumers are facing an “extraordinary environment”, as one of the world’s biggest drinks makers reported its first global drop in sales since 2020
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City snapshot: Danone beats market forecasts in ‘strong’ first half
Net sales reached €13.8bn, climbing 4% on a like-for-like basis, with volumes jumping 2.1% and registering growth in each of the French group’s categories. Plus, first-half results from Just Eat Takeaway and Kerry Group
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City snapshot: Diageo posts organic sales and profit declines amid Americas weakness
Spirits giant Diageo has posted a decline in organic sales and profits as a heavy sales fall in Latin American and the Caribbean hit annual performance
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Media Bites 30 July: Reckitt Benckiser, Heineken, Asda, Zoe, McDonald's
A busy morning in the papers for fmcg includes the latest woes for Reckitt, Heineken and Asda
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Zoe secures another $15m to push harder in the US
The $15m investment comes from New York consumer VC firm Coefficient Capital