All Finance articles – Page 160
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Comment & OpinionHow did it all go so wrong for Farmdrop?
Farmdrop was a small business operating like a giant, and a Covid-driven rise in demand hiked costs, too
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NewsFarmdrop report lifts lid on administration with suppliers and investors to lose millions
Farmdrop suppliers, lenders, staff and shareholders are set to lose out on millions of pounds as a result of the online grocer’s dramatic Christmas collapse
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NewsCity snapshot: Kerry Group agrees €137m deal for German biotech firm
Kerry Group has agreed a €137m deal to by German biotechnology company c-Lecta as it builds its presence in the food and nutrition technology space
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NewsMedia Bites 15 February: Petrol, Motor Fuel Group, Post Office
Petrol prices have hit record highs, putting further strain on families as the cost-of-living crisis worsens.
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NewsHoxton Spirits receives £1m investment from Optiva Securities
Hoxton Spirits has secured a seven-figure cash injection to fund its international expansion ambitions and grow its retail presence in the UK
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NewsCity snapshot: Ultimate Products says global supply chain issues are improving
Homeware and household brands owner Ultimate Products has posted double-digit first half growth and pointed to improvements with global supply chain issues
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NewsMedia Bites 14 Feb: Supermarket petrol, John Lewis/Waitrose, British American Tobacco
Supermarkets stand to rake in bumper petrol profits as the soaring price of oil threatens to exacerbate the cost-of-living crisis
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NewsPaleo Ridge secures investment of £2m to back expansion plans
Raw dogfood specialist Paleo Ridge has secured a £2m investment from PE player Ashridge Capital to boost its rapid expansion plans
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NewsOcado shares plummet as it ploughs investment in tech
Ocado’s share price slumped to wipe out all its pandemic-driven gains this week after continued investment in technology saw losses balloon and guidance was lowered for 2022
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NewsKitwave acquires Devon-based foodservice supplier MJ Baker
Listed wholesaler Kitwave has acquired Devon-based foodservice supplier MJ Baker Foodservice to grow its presence in the category. The business will be incorporated into Kitwave’s existing foodservice division which currently has the existing trading operations of HB Clark & Co and David Miller Frozen Foods Limited. ...
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Comment & OpinionIn fundraising, purpose and profit are drawing closer together
Birthdays during the pandemic have been odd affairs, but this year I got some very welcome news on mine
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NewsCity snapshot: Tate & Lyle’s food and beverage solutions posts 19% sales jump
Tate & Lyle has posted continued strong growth in its core food and beverage solutions business in the third quarter to upgrade full year expectations for the division
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NewsMedia Bites 11 Feb: Unilever, Coke/Pepsi, Beer sales
Unilever expects the strongest cost inflation in decades to hit profitability for two years, adding to pressure on chief executive Alan Jope
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NewsNurture Brands close to landing £2.5m funds to push expansion
Plant-based group Nuture Brands is closing in on a £2.5m crowdfunding target to fuel international expansion across North America and Asian markets.
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NewsArla continues to see strong growth despite disruption to supply
The dairy co-op’s UK revenue grew by 2.6% to £2.17bn last year
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NewsSales fizz higher at Coke and Pepsi on strong demand and price hikes
Soft drinks giants Coca-Cola and PepsiCo have enjoyed double-digit sales growth in the final quarter of 2021 on the back of price increases and continued demand as consumers return to pre-pandemic habits out of the home.
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NewsCity snapshot: Unilever to hike more prices to cope with €3.5bn inflation hit
Unilever has warned that that more price rises are on the way to mitigate an extra €3.5bn of costs in 2022
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NewsMedia Bites 10 February: Amazon, Colgate, Unilever, GSK
The papers focus on Amazon finally falling under the code of conduct set by the Groceries Code Adjudicator.
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NewsUpfield secures strategic partnership with plant-based egg alternative Oggs
The deal will see Upfield take a stake in Oggs’ British owner Alternative Foods
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NewsLittle Moons deal to value TikTok sensation at more than £100m
Investment bank Houlihan Lokey is running the process for the business, with a deal expected to close within the next four weeks. At least five PE houses are involved in the second round of the auction.