All Finance articles – Page 195
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News
Kerry Group agrees €853m acquisition of preservatives maker Niacet
It follows an announcement on Friday that the Irish group had agreed to sell its UK and Ireland consumer foods business to Moy Park owner Pilgrim’s Pride
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Morrisons shares balloon more than 30% after it rejects £5.5bn offer
US private equity giant CD&R, which counts former Tesco boss Terry Leahy as an operating partner, now has 28 days under City takeover rules to table a new offer or walk away
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Naked Wines’ share price falls on annual loss while analysts point to bigger picture
Covid drove a step-change in the growth of Naked Wines, but it failed to have a similar impact on its bottom line
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News
Good Food Fund signs up Better Nature and Spare Snacks brands
Better Nature and Spare Snacks join the 12-month programme and will receive business support
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Ella’s Kitchen defies slump in babyfood to increase revenues
Ella’s Kitchen has defied a pandemic-driven slump in the babyfood category to grow revenues and market share in the UK
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Kerry agrees €819m sale of meats and meals business to Pilgrim’s Pride
Kerry Group has agreed to sell its UK and Ireland meats and meals business to Pilgrim’s Pride to focus on its taste and ingredients business
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City snapshot: Tesco first quarter sales top record 2020 lockdown surge
Tesco has grown its first quarter sales despite the unprecedented surge in demand during the first coronavirus lockdown period in the corresponding quarter last year. Plus, ONS retail sales figures show surprise May slowdown and all the rest of the latest news from the City.
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Media Bites 18 June: UK meat production, BrewDog, Exports
The UK faces shortages of British-produced meat as problems with recruitment continue
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News
Food and drink exports crash as Brexit and Covid combine
Exports of food and drink to non-EU markets topped those to the EU for the first time since the FDF began collecting figures
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Comment & Opinion
How Ronaldo and Pogba brought the game of product placement into disrepute
The players attracted attention for moving bottles of Coca-Cola and Heineken out of shot in press conferences
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News
City snapshop: Pepco to launch in Austria with acquisition of store lease portfolio
Poundland owner Pepco Group has announced its intention to launch in Austria, with the acquisition of up to 29 store leases in the country.
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Media Bites 17 June: Brexit, Asda, Coca-Cola, Morrisons
Labour shortages are causing the UK meat industry to cut production and warn that it will soon be unable to meet orders unless the government relaxes post-Brexit immigration rules.
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Issa brothers’ Asda takeover gets final CMA approval
The Competition & Markets Authority has said it accepts undertakings for the acquisition
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Media Bites 16 June: Australia trade deal, Inflation, Papa John’s
Farmers have expressed “deep concerns” over a trade deal agreed between the UK and Australia
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City snapshot: UK inflation rises to 2.1% in May as lockdown eases
Inflation has continued to soar in the UK as the relaxation of lockdown restrictions led to a rise in consumer spending. Plus, a third-quarter trading update from agri-services group Origin Enterprises.
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News
Unilever grows DTC empire with Paula’s Choice deal
Unilever has agreed to acquire digital-led skin care brand Paula’s Choice as it continues to widen its exposure to the growing DTC market
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News
Big Drop Brewing raises £3.5m to boost growth plans
Alcohol-free beer producer Big Drop Brewing has raised a further £3.5m to fund surging growth as its sales head towards £5m.
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News
City Snapshot: Just Eat Takeaway.com ties up £5.8bn Grubhub acquisition
Just Eat Takeaway.com has announced this morning it has finally completed the US$7.3bn (£5.75bn) deal to acquire Grubhub US food delivery rival Grubhub
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Media Bites 15 June: Covid, hospitality, Boxed, Meatless Farm
Boris Johnson has said that Britain must learn to live with coronavirus as he delayed the end of Covid restrictions by four weeks and insisted that July 19 would be the new “terminus date”.
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Comment & Opinion
Meatless Farm’s fundraise shows plant-based is reaching a tipping point
The brand is likely to reap the rewards of an increasingly mainstream following with its consumer-facing Crowdcube campaign