All articles by Ed Devlin – Page 194
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NewsMedia Bites 22 July: SABMiller, Unilever, Sainsbury's, Poundland
Activist hedge fund Elliott Management has raised concerns about the structure of its proposed £71bn takeover of SABMiller by AB InBev. The brewer’s chairman defended the takeover to shareholders at yesterday’s AGM.
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NewsPremier Foods shareholders protest re-election of chairman over McCormick affair
Premier Foods shareholders have given chairman David Beever a rebuke at the AGM over his handling of the failed McCormick takeover with more than 12% objecting to his re-election to the board.
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NewsWaterfall Catering Group sale to Elior provides tasty exit for LDC
The deal provides LDC, which backed a £20m secondary buyout in December 2014, an exit, generating a 2.6x return on its investment.
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NewsMedia Bites 20 July: SABMiller, Monsanto/Bayer, Store Twenty One
SABMiller directors will discuss mounting frustration among some of its shareholders over the AB InBev mega-brew takeover; and Monsanto rejects a sweetened offer from Bayer.
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NewsCity snapshot: Gusbourne to raise £10m in bonds issue
English sparkling wine producer Gusbourne is aiming to raise up to £10m through a bonds issue to spend in its vineyards and increase its stocks.
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NewsNFT Distribution snaps up chilled food logistics firm NR Evans
The acquisition of the temperature controlled distribution business NR Evans will strengthen NFT’s offering in the chilled, ambient and dairy fmcg supply chain.
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NewsGCL Food Ingredients on expansion drive with £1m funding
Wholesale food and drinks supplier Giorgio’s Continental is widening its product range and taking on more staff thanks to a £2.5m investment in its site and a £1m bank funding package.
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NewsMy Local administrators confident of more store sales to come
Administrators at My Local have sold 26 of the failed retailer’s convenience stores since being appointed, with hopes to offload another 16 in the coming days and weeks.
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NewsCity snapshot: SSP Group lifted by weak pound
Travel concession group SSP gets revenue boost from the weak pound in Q3 but continued to be affected by the terror attacks in Europe. Plus, Dairy Crest updates on Q1 ahead of AGM; Carr’s warns of difficult markets in wake of Brexit; and John Menzies appoints chairman.
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NewsConviviality share price boosted as sales more than double
Shares in Conviviality leapt 10% today as revenues more than doubled to £864.5m and the drinks group said the integration plan for Matthew Clark and Bibendum was ahead of expectations.
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NewsTesco makes 100% Rainforest Alliance certified cocoa pledge
The retailer will also ensure cocoa used in other UK products will be responsibly sourced
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NewsFinsbury Food confident in face of Brexit uncertainty
Speciality bakery Finsbury Food said the enlarged group was “well equipped” to weather any potential Brexit storm as it reported sales growth of 25% following the integration of Fletchers and Johnstone’s.
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Analysis & FeaturesHeineken UK MD David Forde on Theresa May, Brexit, health and NPD
Heineken UK MD David Forde hopes Theresa May’s agenda on Brexit and obesity will prove refreshing
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NewsBettys & Taylors Group sales up but profit drops to £10m
Bettys & Taylors Group has increased sales 5% to £163.4m despite “competitive pressures” in its core markets
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NewsTags abandons mults plans after Dragons deal falls through
Tags Tasty Crisps has abandoned its goal of bagging national supermarket listings to focus on foodservice
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NewsVitalife in crowdfunding bid for Love Health Hate Waste
It plans to raise £100,000 on Crowdcube to fund a further rollout of the Love Health Hate Waste concept
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NewsCity News: Hotel Chocolat shares boosted by sales rise
A better-than-expected rise in full-year sales injected some life into Hotel Chocolat shares this week
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NewsMedia Bites 15 July: Bayer/Monsanto, Hershey/Mondelez, Steinhoff/Poundland
The papers feature stories on three different takeover sagas, all at different stages with their own hurdles to clear.
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NewsCity snapshot: Steinhoff £600m Poundland bid faces pressure from activist fund manager
Steinhoff’s £600m takeover bid for Poundland has been complicated by an activist hedge fund building up a sizable stake in the beleaguered fixed-priced discounter.
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NewsMindful Chef launches £400k funding campaign
Recipe box start-up Mindful Chef is seeking £400,000 in a crowdfunding campaign to raise the profile of the business.