All articles by Ed Devlin – Page 110
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NewsMedia Bites 15 April: Tesco, Asda, Deliveroo, pubs
The first annual results delivered by new CEO Ken Murphy gets blanket coverage in the papers this morning.
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NewsWild Nutrition supplements bags investment from Piper
Founded in 2013 by husband-and-wife team Henrietta and Charlie Norton, the business’ supplements are ethically and sustainably formulated by an in-house team using fully traceable ingredients.
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NewsCity snapshot: Tesco profits sink by 28% as Covid costs bite
Profits at Tesco have plunged by more than £700m despite sales rocketing as the supermarket incurred Covid-related costs of almost £900m. Plus, Tesco appoints the CEO of Kingfisher and a former Sainsbury’s chief digital and marketing officer to its board.
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NewsMedia Bites 13 April: Lockdown, rapid grocery delivery, Cake Box
The main focus in the papers this morning is the reopening of non-essential shops, beer gardens, hairdressers and gyms as lockdown begins to ease.
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NewsCity snapshot: Record year for Cake Box despite Covid disruption
Cake retailer Cake Box is set to report a record year despite the challenges of ongoing lockdowns throughout 2020 and 2021. Plus, drinks ingredients group Treatt updates the market on first-half trading and Russian food retailer X5 acquires a dark kitchen operator.
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Analysis & FeaturesEight Fifty Food Group: how CapVest built and sold a £2bn protein business
CapVest has sold Eight Fifty Food to Canadian giant Sofina for about £1.2bn, less than two years after creating the group. How has it managed it?
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NewsThe Vegan Kind secures £3.5m investment amid plant-based boom
The company said the investment was the biggest ever funding round for a vegan retailer in the UK
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NewsVibrant Foods acquires Fudco as South Asian food portfolio grows
The family run London business complements Vibrant’s existing portfolio of ethnic brands, expanding its plant-based offering and strengthening its consumer reach.
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NewsMedia Bites 8 April: Deliveroo, Co-op, Heineken
Deliveroo’s shares perked up on their first open day of trading, although the improvement was clouded by a strike by hundreds of its delivery riders.
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NewsCity snapshot: Retailers celebrate sweet Easter as shoppers stock up on chocolate
Shoppers treated themselves as lockdown restriction began to ease in the run up to Easter, spending £439m on chocolate and sweets over the last month, according to the latest data from NielsenIQ. Plus, the increase in home cooking boosts Hilton Food Group in 2020.
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NewsMedia Bites 6 April: Iceland, pork, Easter eggs, Deliveroo
The boss of Iceland has called for a digital sales tax to help to support the recovery of the high street and has stepped up the retailer’s defence of its decision to keep hold of business rates relief.
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Analysis & FeaturesWhy Big Chocolate is snapping up healthier snacking brands like Grenade, Kind and Eat Natural
Mondelez is the latest chocolate giant to acquire a healthy snack bar brand, paying £200m for Grenade. Who’s bought what and why?
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NewsMedia Bites 1 April: Deliveroo, Parsley Box, Boots
The papers dive in to the ‘car crash’ London debut of Deliveroo and examine why shares fell by more than a quarter at the food delivery firm.
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NewsThe Cookaway cooks up £700k crowdfunding round for expansion
The business, which launched in 2020, has so far raised £656k in the campaign on Seedrs.
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NewsWhite Peak Distillery drinks to £900k crowdfunding round
Derbyshire whisky producer White Peak Distillery has comfortably beaten its £500,000 crowdfunding target as it aims to build the premium brand in the UK and overseas.
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NewsDeliveroo valued at £7.6bn but shares flop in London debut
Shares in Deliveroo crashed as much as 30% this morning as it made its long-awaited debut on the LSE
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NewsBetter Nature raises £1.6m for mainstream push of tempeh range
Better Nature hit a £1.35m target on the Seedrs platform within three hours of a private launch
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NewsGü Puds £150m auction nears end as suitors circle
The sale by owner Noble Foods has attracted strong interest, with the bidders taken through to the final round of the process expected to pay upwards of £150m for the premium dessert maker, The Grocer has learned.
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NewsMedia Bites 30 March: Deliveroo, Wetherspoon, High Street
Deliveroo has set the final price for its initial public offering at £3.90 a share, the bottom of its initial range and valuing the food delivery company at £1.3bn less than the top end of its original expectations.
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Comment & OpinionWhat does the CMA merger block mean for Seedrs and Crowdcube?
It’s hard to argue with the competition watchdog’s contention that a tie-up of the crowdfunding platforms would have lessened competition