Finance news – Page 84
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NewsLucky Saint raises over £10m in ‘record-breaking’ Series A round
The funding round was led by consumer and technology growth investor Beringea and venture capital company JamJar Investments
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NewsHeura announces Waitrose listing in time for Veganuary
The Spanish brand said it had grown its availability in the UK by sixfold in 2022, and that this expansion would help consumers ‘vote with their fork’
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NewsDairy exporter Somerdale sees sales and profit fall slightly post-pandemic
The exporter saw turnover fall by 3.4% to £44.3m. Meanwhile, operating profit and pre-tax profit all fell, by 13% and 12%
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NewsCity snapshot: NWF expands reach with £10m fuel oils deal as H1 trading remains ‘strong’
Specialist fuel, food and feed distributor NWF Group has reported “strong” first-half trading and announced a £10m acquisition in an update to the London Stock Exchange this morning. Plus, Greencore hands Sheffield workers a bumper pay increases ahead of Christmas
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NewsMedia Bites 22 December: fuel prices, Pret, Wilko, THG, Lidl
There’s plenty to digest in this morning’s papers, including claims that supermarkets are ‘heartlessly overcharging’ as fuel hits a festive peak.
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NewsCity snapshot: General Mills upgrades sales and profits guidance as Q2 beats expectations
General Mills has raised full-year forecasts for its top and bottom lines after beating expectations in the group’s second quarter. Plus, Pets at Home appoints former Asda boss Roger Burnley as non-exec.
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NewsMedia Bites 21 December: THG, AG Barr, Amazon
Troubled online beauty retailer THG faces pressure on its cashflow after a leading credit insurer reduced cover to its suppliers.
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NewsMondelez offloads chewing gum assets in US, Canada and Europe to Perfetti Van Melle for $1.4bn
The deal only includes the business in the US, Canada and Europe, with Mondelez retaining its gum holdings across Latin America, Asia, Middle East and Africa.
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NewsCity snapshot: AG Barr snaps up remaining stake in Moma Foods
AG Barr has acquired the remaining minority stake in plant-based milk brand Moma Foods for £3.4m. Plus, Hilton Food Group forms long-term strategic collaboration in Singapore with Country Foods.
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NewsMedia Bites 20 December: Tesco, Asda, footfall
Tesco faces questions about its South East Asian supply chain and Asda is hit by a trolley shortage.
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NewsCity snapshot: British Honey Co losses surge
Losses at the British Honey Co ballooned to £12m in 2021 as a result of a number of writedowns, it was revealed this morning as the distiller and honey producer published long-delayed accounts.
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NewsMedia Bites 19 December: Sainsbury’s, Tesco, energy bills, pigs in blankets
Sainsbury’s boss Simon Roberts has pledged to spend £550m to cut prices and take on Aldi.
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NewsCity news: Poundland owner Pepco posts strong growth despite ‘challenging’ environment
Poundland owner Pepco continued to negotiate the squeeze on consumer incomes this week by posting strong sales and profit growth despite macroeconomic pressures
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NewsMy Fabulosa benefits from non-core moves as disinfectant sales slow
Cleaning disruptor My Fabulosa has overcome the post-Covid slump in disinfectant sales by rapidly expanding its fragranced ranges outside of its core category
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NewsJuvela gluten-free brand snapped up by S-Ventures
Fmcg investment house S-Ventures has acquired gluten-free brand Juvela to expand its portfolio of free-from suppliers
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NewsCity snapshot: Losses widen at Real Good Food as volumes tumble
Falling volumes and a delay in passing through price increases has pushed Real Good Food further into the red. Plus, consumer confidence edges up but remains at historic lows, and retail sales fall unexpectedly.
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NewsMedia Bites 16 December: Unilever, interest rates, consumer confidence
Unilever has resolved a lawsuit brought by the board of Ben & Jerry’s over sales in the occupied Palestinian territories, ending an 18-month dispute.
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NewsNurture Brands buys seaweed crisp maker Abakus Foods
Plant-based group Nurture Brands has continued to build its portfolio of brands with the acquisition of seaweed crisps producer Abakus Foods.
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NewsCity snapshot: Carlsberg buys Canadian craft brewer Waterloo Brewing for £86m
Carslberg has announced it has agreed to buy Canadian craft brewer Waterloo Brewing for a total equity value of CAD144m (£86m)
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NewsMedia Bites 15 December: inflation, Aldi, Pepco, insolvencies
The main stories in today’s papers is the fall in the UK inflation rate.