All articles by Ed Devlin – Page 79
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NewsVeg Capital team launches new £30m impact fund for plant-based start-ups
Sentient Ventures will focus on early growth-stage companies developing the best plant-and fermentation-based products, ingredients and technologies to replace animal products.
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NewsMedia Bites 7 July: GlaxoSmithKline, Amazon, Unilever
The papers pick up the vote by GlaxoSmithKline shareholders to approve the separation of its consumer healthcare business, alongside a host of different Amazon stories.
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NewsJollyes continues acquisition spree as it aims for £100m turnover
Nationwide pet store retailer Jollyes has bolstered ambitions to reach sales of £100m with the acquisition of Penparc Pet Centres.
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NewsCity snapshot: Just Eat Takeaway partners with Amazon in the US to boost ailing Grubhub service
The commercial agreement, which starts today, gives Amazon a 2% stake in Grubhub and follows pressure from investors to find a partner for the struggling US service.
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NewsMedia Bites 5 July: Kellogg’s, Pret a Manger, BrewDog
News of Kellogg’s defeat in the High Court over new UK government HFSS regulations garners plenty of coverage today, along with the latest financial results from Pret.
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NewsBowl Grabber secures six-figure funding to disrupt wine category
The start-up offers wine across multiple formats – bottles, cans and bag-in-box – and has grown sales to £500k in its first year, with retail listings at Ocado and Amazon.
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NewsCity snapshot: Pret a Manger back in the black as sales recovery continues
Pret a Manger has returned to profitability thanks to a strong recovery in revenues as the food-to-go sector continued its revival following the end of Covid restrictions.
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NewsMedia Bites 1 July: inflation, Tesco/Heinz, Unilever, Boots
The coffee maker Lavazza has said it is in talks with retailers about how to manage its soaring costs as almost a third of UK businesses warn they expect to increase the price of goods or services they sell next month.
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NewsBoots transformation plan gathers momentum as shoppers return to stores
Boots has continued its post-pandemic recovery as sales growth accelerated and a transformation programme progressed in the third quarter, owner Walgreens Boots Alliance revealed today.
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NewsMy Expert Midwife plans expansion with VC backing
The brand’s portfolio of 19 specialist products is made using natural ingredients and designed to help women prepare and recover during pregnancy, birth and early parenthood.
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NewsMedia Bites 30 June: National Lottery, Tesco/Heinz, Morrisons, Unilever
Outgoing UK National Lottery operator Camelot has lost its legal bid to stop the handover of a new licence to rival Allwyn, in effect ending the group’s hopes of having the decision overturned.
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Comment & OpinionWalgreens was overambitious with Boots sale plan. Now it has to fix a neglected estate
WBA has talked up the No7 Beauty Company alongside Boots. Could the beauty category be key to its future success?
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NewsMorrisons sales slump amid ‘very challenging’ trading environment
An update to investors for the 13 weeks ended 1 May revealed a 6.4% decline in like-for-like sales in the second quarter
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NewsCity snapshot: Food inflation ramps up in June as fresh prices accelerate
Food prices have raced to a new 11-year high, according to the latest shop price index from the BRC and NielsenIQ. Plus, McBride secure banking covenant waiver as it continues to battle with soaring costs; B&M issues first-quarter update; and Moonpig reveals full-year results.
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NewsBoots owner pulls the plug on £5.5bn auction for the UK chain
The owner of Boots has abandoned its attempts to sell the UK chemist chain after failing to find a buyer willing to meet its price expectations.
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NewsMedia Bites 28 June: National Lottery, FSA, PZ Cussons
Camelot has warned that players have “tightened their belts” in the face of soaring living costs.
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NewsThistle Seafoods nets Dawnfresh factory in administration deal
Thistle plans to develop the 100,000 sq ft site in Uddingston in South Lanarkshire into an advanced added-value seafood processing and distribution centre for retail and wholesale customers in the UK and overseas.
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NewsAfrican Originals beats crowdfunding target as its launches craft ciders in UK
Drinks start-up African Originals, which launched in the UK this month, has beaten a £600k crowdfunding target to back the next stage of growth at the craft producer.
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NewsCity Snapshot: Higher prices provide boost to PZ Cussons sales
Personal care group PZ Cussons has continued to make progress in its turnaround as its new strategy. Plus, full-year results from Cake Box and the latest innovation from Parsley Box.
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NewsMedia Bites 24 June: Juul, recession, Naked Wines
US regulators have banned Juul Labs from selling its e-cigarette products in the country, while the papers also report of the looming threat of a recession in the UK and a 40% plunge in the share price of Naked Wines.