All Finance articles – Page 153
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NewsCity News: AG Barr propelled above pre-Covid levels as hospitality reopened
The resurgence of the leisure sector and out-of-home consumption helped propel Irn-Bru maker AG Barr back above pre-Covid levels
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NewsDiscounters win share from big four as shoppers prioritise value
The discounters are once again rapidly taking market share from mainstream grocers as soaring food prices push consumers to prioritise value and own-label products
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NewsHuel mulls IPO as it passes £100m sales mark
Revenues have jumped 43% as demand for the brand’s “nutritionally complete, sustainable food” rocketed
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NewsCity snapshot: Diageo buys US flavoured tequila brand 21Seeds
Diageo has acquired US flavoured tequila brand 21Seeds to boost its portfolio of high growth brands
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NewsMedia Bites 1 April: Eggs, Lottery, Boots
Hundreds of UK egg farms are at risk of collapse after surging input costs were pushed up still further by Russia’s invasion of Ukraine
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NewsCity snapshot: Tate & Lyle to acquire Chinese dietary fibre business for US$237m
Tate & Lyle has signed an agreement to acquire Quantum Hi-Tech (Guangdong) Biological Co, a prebiotic dietary fibre business in China for US$237m (£180m).
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NewsMedia Bites 31 March: Holland & Barrett, Starbucks, Deliveroo
Holland & Barrett has been left in limbo over a crucial debt payment held up by HSBC given the bank’s concerns about links to Russian oligarchs on the sanctions list
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NewsCity snapshot: Huel sales pass £100m on surging global growth
Plant-based meals brand Huel saw revenues top £100m last year amid strong growth in the UK and its international business
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NewsMedia Bites 30 March: Grocery market share, AG Barr, Tesco
Food price inflation has hit its highest level in almost a decade, suggesting that the squeeze on household incomes may be even tighter than previously thought
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NewsCity snapshot: Grocery sales fall back amid soaring inflation
Take home grocery sales have slumped by 6.3% in the 12 weeks to 20 March as inflation hit its highest level for a decade, according to the latest market share data from Kantar. Plus AG Barr bounces back to top pre-pandemic results and all the rest of the latest news from the City.
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NewsMedia Bites 29 March: Asda, Heineken/Carlsberg, Cadbury
Profits at Asda doubled last year as the supermarket chain announced that it would be launching a new value range of groceries with a similar name to Waitrose’s cut-price line
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NewsCarlsberg to sell Russia’s biggest brewer Baltika
Danish brewing giant Carlsberg is to dispose of its Russian arm, where it is currently the market leading brewer in the country
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NewsHeineken to dispose of its Russian business and take €400m hit
Global brewer Heineken has announced it will dispose of its Russian business and leave the country due to its war on Ukraine.
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NewsMatugga Distillery closes in on £300k crowdfunding goal
The business, run by married co-founders Jacine Rutasikwa and Paul Rutasikwa, is aiming to become a ‘cane to cask’ producer, with plans underway to develop a sugarcane plantation in Uganda.
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NewsCity snapshot: Investors call on Sainsbury’s to pay living wage
An investor coalition managing £2.2trn in funds has filed a shareholder resolution to demand Sainsbury’s to pay a living wage to all its workers. Plus, Heineken to pull out of Russia and take €400m writedown and all the rest of the latest news from the City.
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NewsMedia Bites 28 March: Boots, Sainsbury’s, UK retail sales
Four private equity firms are understood to have given presentations to Boots’ management team and submit second round offers in the coming weeks
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NewsCMA gives Boparan green light for Banham Poultry acquisition
After taking a closer look at the transaction and launching a phase 1 inquiry in January, the Competition & Markets Authority (CMA) cleared the deal.
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NewsKoRo closes €50m funding round to continue rapid growth across Europe
The business – started in Berlin in 2014 – sells a range of more than 1,000 SKUs across food categories and kitchen appliances direct to consumers.
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NewsCity News: MP Evans profits surge on soaring prices
Surging commodity prices are not bad news for all food industry players, as UK-listed palm oil producer MP Evans proved this week with soaring annual profits
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NewsCheeky Panda smashes £1m crowdfunding target as it looks ahead to IPO
Eco household brand Cheeky Panda has welcomed thousands of new shareholders after closing its latest round of crowdfunding ahead of a planned IPO.