All Finance articles – Page 229
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NewsMedia Bites 29 October: EG Group, Christmas advertising, Heineken
The billionaire brothers buying Asda were dealt a fresh blow yesterday when Moody’s cut its credit rating on the debts of their petrol station group deeper into junk territory.
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NewsConsumer insight specialist Streetbees raises $40m to boost ‘human AI’ capabilities
Consumer insight firm Streetbees has today closed a US$40m funding round to accelerate the development of its ‘human intelligence platform’.
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NewsTate & Lyle acquires Thai tapioca producer Chaodee Modified Starch
Ingredients supplier Tate & Lyle has snapped up a tapioca producer in Thailand to broaden the range of goods it can offer customers.
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NewsAgronomics raises £10m to fund lab-grown meat companies
Lab-grown meat investor Agronomics has raised £10m from a share placing to continue to fund companies in the alternative protein market.
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NewsCity Snapshot: Heineken to axe head office staff as profits plunge
Heineken is planning to slash jobs at its head office in a bid to cut costs and return to profitable growth as the Covid pandemic continues to slam the hospitality industry. Plus, Carlsberg revises profit expectations upwards after “strong” Q3; the latest inflation figures from the BRC-Nielsen shop prices index; and Tate & Lyle buys a tapioca starch manufacturer in Thailand.
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NewsMedia Bites 28 Oct: Retail sales, Unilever, Hut Group
Retail sales fell in October as the second wave shut down demand for clothes shops and department stores
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NewsCity snapshot: Revolution Bars files for CVA to close sites as coronavirus savages revenues
Revolution Bars has launched a company voluntary arrangement to close a number of bars and reduce rents after its revenues have collapsed due the coronavirus
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NewsMedia Bites 27 October: Wales, Diageo, The Hut Group
The move by the Welsh government to ban the sale of “non-essentials” items has created confusion Retailers in Wales on Monday called on the principality’s devolved government to allow an “inform not enforce” policy over the sale of non-essential goods, as business frustration over inconsistent and ambiguous ...
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NewsSkinner’s buys majority stake in wet dogfood player Naturediet
Dry dogfood specialist Skinner’s has bought a majority stake in branded natural wet dogfood producer Naturediet
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NewsSpectrum Brands agrees £140m deal for Good Boy producer Armitage Pet Care
The Grocer revealed in September that Rutland had tasked PwC with handling a sales process for Armitage
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NewsKale United seeks £2m funding to launch plant-based expansion drive
Plant-based network Kale United has launched its fourth funding round to raise a further €2.2m (£2m) by Christmas to drive further expansion.
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Analysis & FeaturesThe true cost of upheaval: the OC&C Top 150 Supplier Index 2020 report
Suppliers are counting their costs as coronavirus, recession and Brexit are offset against one another
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NewsMedia Bites 26 Oct: Brexit/supermarkets, CCEP, Asda/EG Group
An eleventh-hour Brexit trade deal could still throw Britain’s biggest grocers into chaos by leaving them with just a few weeks to understand the rules
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NewsCity Snapshot: Coca-Cola European Partners snaps up Asia Pacific Coke bottler in €5.2bn deal
Coca-Cola European Partners has made a €5.2bn (£4.7bn) offer to expand its bottling empire with the acquisition of Coca-Cola Amatil. Plus, revenues at CCEP improved in Q3, with a significant slow down of declining volumes.
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NewsGlobal fmcg giants RB, P&G, Nestlé and Unilever report strong results
Recent earnings releases show 2020 is proving to be a good year for global fmcg giants
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NewsTop 150 UK suppliers see sales top £70bn
The OC&C Top 150 report of the UK’s biggest food and drink producers found total aggregate revenues rose by 1.9% in 2019 to a collective £70.3bn
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NewsChancellor extends support to wholesalers in new package
In a speech to the Commons yesterday, Sunak acknowledged the impact of the crisis on the hospitality supply chain
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NewsCurrency is Brexit’s ‘hidden monster’, food and drink suppliers fear
While costs such as customs and tariffs will be passed onto supermarkets within days, currency fluctuations can take months
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NewsBooker suffers ‘significant impact’ from pandemic
The Tesco-owned wholesaler issued caution in its latest results
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NewsMedia Bites 23 October: Unilever, EG Group, Coca-Cola
Unilever’s sales growth rose far above expectations in the third quarter on strong demand for Lifebuoy soap and other hygiene products, making it the latest consumer goods group to report buoyant figures in the pandemic.