Finance news – Page 65
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NewsCity Snapshot: THG ends Apollo takeover discussions
THG has announced it has ceased talks with Apollo Global Management over a takeover approach after its indicative valuation of the group was ‘inadequate’
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NewsPlanet Organic founder Renée Elliott commits to a food-based future
In an interview with The Grocer, Elliott discussed the new management team’s vision for the business, rebuilding supplier trust and how she pulled off the deal
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NewsMamamade closes doors as cost of living crisis affects trading
DTC plant-based baby food brand Mamamade has ceased trading after losing a battle with soaring costs and lower demand.
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NewsMedia Bites 12 May: Food prices, John Lewis, Black Sheep
Supermarkets have told ministers that food prices have peaked and will start falling significantly in the coming months.
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NewsLeon co-founder John Vincent moves into influencer marketing
‘I think it could be quite a lot of fun,’ Vincent told The Grocer
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NewsPlanet Organic owed creditors £12.5m before rescue deal
New report lifts the lid on the collapse and details how much Planet Organic founder Renée Elliott paid to rescue the business
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NewsCity snapshot: Pernod Ricard invests in reusable packaging specialist Ecospirits
Pernod Ricard has taken a minority share in Singapore-based Ecospirits, a low waste distributer for the wine and spirits industry
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NewsMedia Bites 11 May: John Lewis, Brexit, Compass Group
The confidence vote at John Lewis yesterday generates lots of headlines this morning as the retailer’s partnership council delivers its verdict on chairman Dame Sharon White.
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NewsNomad Foods raises earnings expectations on price-driven growth
Frozen specialist Nomad Foods has nudged up its full-year earnings expectations after double-digit price hikes bolstered first quarter earnings
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NewsNationwide Produce boosts warehouse capacity
The expansion also saw the business’s pallet capacity rise from 900 to 2,100, allowing more stock to be stored
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NewsPimentae tequila pre-mix brand raises £500k in pre-seed round
The business will use the funds to consolidate its position in the category and expand its sales and marketing team
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NewsRubies in the Rubble launches crowdfunding campaign
Rubies aims to use the crowdfunding round as a springboard for a larger institutional round in 2024
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NewsHancocks owner Innovative Bites acquired by private equity firm
Innovative Bites said the deal would strengthen its position in the UK confectionery and snacks sector while pushing expansion
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NewsMedia Bites 10 May: John Lewis Partnership, Sainsbury’s, John Allan
The boss of John Lewis will face a vote of confidence on Wednesday, amid growing staff anger at her leadership
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NewsCity snapshot: Compass lifts full-year profit outlook as pandemic recovery continues in first half
Workers returning to the office have helped Compass boost first-half profits past £1bn as the catering giant continued its recovery from the pandemic
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NewsOatly hires new CEO to take over from Toni Petersson
Oatly has appointed a new CEO following a difficult two years since the alternative milk brand’s IPO
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NewsCity snapshot: UK retail sales growth stagnates amid weak clothing performance
UK retail sales growth remained flat in April as sales volumes stayed well below inflation and consumer demand showed signs of weakening
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NewsMedia Bites 9 May: Egg shortages, Morrisons, John Lewis, inflation
All the food and drink news over the coronation weekend, including egg shortages, animal welfare concerns at Morrisons and a secret confidence vote for John Lewis chariman Sharon White.
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NewsPrice hikes at Kraft Heinz drive higher profit expectations
Kraft Heinz has become the latest global food giant to raise profit forecasts after price hikes helped expand margins
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NewsSnaffling Pig raises six figures to fight back from recall ‘crisis’
Pork snacking brand Snaffling Pig has raised a six-figure sum to regrow the brand following a damaging product recall last year