Finance news – Page 85
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NewsBumboo smashes £400k crowd target to grow bamboo toilet paper brand
Eco toilet paper challenger Bumboo has cleaned up a £400k crowdfunding round, valuing the startup at £5m
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NewsMedia Bites 14 Dec: grocery market share, pound, turkey prices
Shoppers have continued to cut back on non-essentials as inflation eats into budgets
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NewsCity snapshot: Food prices hit new 45-year high but overall inflation slows
Food prices have continued to soar to fresh 45-year highs despite the overall headline rate of UK inflation slowing down in the past month. Plus, The British Honey Co and Love Hemp both secure loans to solve immediate cashflow pressures.
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NewsRichard Walker’s MP bid ‘could leave Iceland more vulnerable to takeover’
Walker’s ambition could leave the business more vulnerable to takeover from opportunistic investors, according to a City source
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NewsGrounded closes seed round to fund plant-based protein shakes
Launched in 2020, the brand quickly picked up listings in premium retailers such as Selfridges and Planet Organic, as well as in the Soho House estate and gym groups across London, including Virgin Active and Gym Box.
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NewsThe British Snack Co raises £150k from the crowd
Snacking brand The British Snack Co has hit a crowdfunding target as it prepares to relaunch its pork scratching range and accelerate the growth of its sales channels.
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NewsToast Ale secures £2m to continue food waste fight in beer category
Social enterprise brewery Toast Ale has raised more than £2m to grow the positive impact of its business, with investors including Heineken and former Unilever boss Paul Polman.
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NewsMedia Bites 13 December: high street, hot water bottles, UK economy
Frustrated online shoppers are being steered to bricks-and-mortar stores
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NewsCity snapshot: Double digit inflation drives supermarket sales rise despite volume slump
Supermarket sales grew 7.6% in November, driven by soaring inflation which mitigated a 4.3% in volumes as shoppers cut back amid cost of living pressures
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NewsMedia Bites 12 Dec: Tesco, UK economy, Discounters
Tesco preparing to kick off a search for a new chairman, firing the starting gun on a race to fill one of the FTSE-100’s most prestigious boardroom posts
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NewsCIty snapshot: Kitwave acquires foodservice wholesaler WestCountry Food in £29m deal
Kitwave Group has snapped up fresh produce wholesaler WestCountry Food Holdings for £29m to incorporate into the company’s foodservice division. Pkus, Fever-Tree Drinks appoints new chairman.
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NewsCity News: Naked Wines shares buoyed despite first-half loss
Naked Wines shares were buoyed this week by signs of a bottom line turnaround, despite slipping to a first-half loss
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NewsAdministrators seek buyer for Wild Beer Co
Beer brand Wild Beer Co has fallen into administration after struggling to recover from the pressures of Covid, while battling rising costs
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NewsWholefood Earth to give The Vegan Kind website ‘a new life’
Online supermarket The Vegan Kind, which shuttered last month, has been revived by a family run vegan foods retailer with plans to reinvigorate the brand and bring it back to operations.
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NewsMeadow Foods reports strong growth with sales and profits up
Meadow attributed its growth to rising milk and dairy ingredient prices, alongside “some volume growth” of ingredients, while exports performed solidly
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NewsFreshcut Foods close to new investment as Perwyn lines up exit
Perwyn hired advisors at US-based investment bank Stephens to explore options for the fresh ingredients supplier earlier this year.
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NewsCity snapshot: ABF says cost inflation remains significant but volatility diminishing
Ahead of its annual general meeting today, ABF has said its outlooking for the current financial year remains unchanged but that the volatility of input costs has begun to ease
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NewsMedia Bites 9 Dec: Morrisons, food ads, British American Tobacco
Morrisons has struck a £220m “sale and leaseback” deal that will allow it to accelerate the launch of Morrisons Daily, its convenience store chain
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NewsThe Good Food Programme recruits cohort of healthier challenger brands
The incubator scheme aims to help 10 progressive food and drink startups to develop healthier products
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NewsMarks & Spencer strikes EV rapid charger deal with BP
The agreement will see BP’s electric vehicle charging business install an initial 900 points in around 70 of M&S’s UK stores in the next two years