All Finance articles – Page 88
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NewsCoca-Cola HBC expands spirits offering with $220m Finlandia vodka acquisition
Hellenic Coke bottler Coca-Cola HBC has acquired the Finlandia vodka brand from a subsidiary of Brown-Forman, the US owner of Jack Daniel’s, for $220m. Plus, management board changes announced at British American Tobacco.
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NewsMedia Bites 19 June: Tesco, anti-obesity measures, McColl’s
The chief executive of Tesco has said food inflation has probably peaked but that prices are likely to stay high
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NewsOcado gets vote of confidence with ‘much better outlook’
Analysts at BNP Paribas Exane upgraded the online retail pioneer from ‘sell’ to ‘neutral’
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Analysis & FeaturesWhere startups find funding when investment dries up
Rising inflation rates and a cost of living crisis are scaring investors off food and drink challengers
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NewsTetley cuts plastic with new cardboard packs
It represents the ‘most significant change’ to the brand’s packaging in 30 years
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NewsCity snapshot: Tesco UK sales up 9% amid ‘encouraging’ signs on inflation
Tesco has grown its UK like-for-like sales by 9% in its first quarter as its CEO points to ‘encouraging early signs that inflation is starting to ease’
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NewsIndian coffee player plots UK retail push after acquisition
India’s largest instant coffee manufacturer is planning a push into the UK retail space after buying a collection of brands from Löfbergs Group
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NewsMedia Bites 16 June: Inflation, Unilever, Iceland
The cost of some family favourite dinners has soared by as much as a quarter over the past year, according to the papers this morning.
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NewsAllplants slashes valuation in pursuit of profitability
DTC plant-based player Allplants has slashed its valuation as part of a £10m fundraising from its existing backers amid increasing pressure on the vegan category
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NewsABP buys two Scotbeef meat plants after supplier loses Aldi contract
Irish red meat giant ABP will complete a deal for Scotbeef’s Bridge of Allan abattoir and Queenslie meat packing plant by the end of July
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NewsCity snapshot: Unilever buys US premium yoghurt brand Yasso
Unilever has announced it has agreed to buy US-based premium frozen Greek yoghurt brand Yasso
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NewsMedia Bites 15 June: Asda, Bestway, UK economy
A quiet morning in the papers but there is coverage of an Asda stores sell-off.
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Comment & OpinionFood price caps should be resisted by ministers at all costs
The lessons of failed market interventions in the 1960s and 1970s are clear, says Ian Wright, co-chair of the Food & Drink Export Council
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ReportsHow flagging Rockstar is seeking a career revival
It must hurt being the only top 10 brand in decline when energy drinks have made an extra £218.2m in the past year
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NewsFoodservice wholesaler RD Johns’ turnover jumps by 66% in 2022
The improved offering helped the company to bring in £7m of business from new customers across the hospitality, education and care sectors
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NewsMedia Bites 14 June: Sainsbury’s/Asda, Yo! Sushi, Ocado
Sainsbury’s and Asda have been told to stop using ‘unlawful’ land agreements to prevent rival supermarkets from opening competing stores nearby
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NewsCity snapshot: WH Smith secures £400m refinancing to support travel ambitions
WH Smith has completed a £400m bank refinancing to support the group’s growing travel retail division.
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NewsMeatless Farm officially collapses as Kroll appointed as administrator
Meatless Farm has officially collapsed into administration after losing its battle to secure new investment, leaving shareholders facing multimillion-pound losses
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NewsMamamade brand rescued from liquidation by the Family Food Co
The Family Food Co has rescued the Mamamade brand out of liquidation in its second deal of the year, as part of ambitions to build a marketplace for healthy meals for kids
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NewsSentient Ventures backs trio of female-founded plant-based brands in maiden investments
The fund – launched last year by the team behind Veg Capital – is backing plant-based cheesemonger La Fauxmagerie, vegan pizzeria Purezza and plant-based chicken maker Rebellyous