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All articles by Ed Devlin – Page 85
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NewsCity News: Premier Foods weathers mini sell-off as it faces tough comparatives
As consumers returned to out-of-home eating, the business came up against last year’s Covid-elevated figures.
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NewsUnilever offloads global tea business to CVC in €4.5bn deal
The European private equity firm saw off competition from rival investment houses Advent and Carlyle in an auction that concluded yesterday afternoon. Unite called for urgent talks with Unilver about the sale.
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NewsUFit seeking funding for expansion plans
The process is still in its early stages, with advisors at Stamford Partners having sent out a teaser document to a range of potential buyers and investors
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NewsLyre’s valued at £270m in largest funding round for the alcohol-free brand
Alcohol-free spirits brand Lyre’s has closed its largest funding round to date as investors and consumers continue to drive a boom in the low & no drinks category
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NewsFearne & Rosie kicks off £250,000 raise
It will deploy the money in raising brand awareness, in-store activation and bringing new talent to the startup.
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NewsMedia Bites 19 November: Unilever, Walkers, Naked Wines, M&S
Unilever’s tea sell-off is in focus in the papers this morning, alongside an ongoing crisp shortage and a new partnership for M&S and Costa.
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NewsCity Snapshot: Unilever sells global tea business to CVC Capital Partners for €4.5bn
Unilever’s tea business, Ekaterra, is home to a portfolio of 34 brands, including PG Tips, Lipton and Pukka.
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NewsMedia Bites 18 November: Supply shortages, M&S, inflation
Greggs is struggling to keep its hot shelves stocked with vegan sausage rolls and bean and cheese melts amid lingering supply chain turmoil.
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NewsCity Snapshot: Naked Wines shares sink as it warns of lower sales as customers return to bars and restaurants
Online wine retailer Naked Wines has warned sales for the year will be lower than forecast as consumers returned to bars and restaurants and drank less at home. Plus, Finsbury Food Group and Eagle Eye both issue trading statements ahead of AGMs.
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NewsMedia Bites 17 November: Premier Foods, Diageo, Imperial Brands, Yo! Sushi
The papers take a closer look at Premier Foods’ plans to push Mr Kipling in the US, alongside of new ambitions for Diageo and results at Imperial Brands.
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NewsCity Snapshot: McColl’s warns profits to miss forecasts as supply chain disruption intensifies
Embattled convenience group McColl’s has warned its profits will be even lower than expected this year after supply chain issues intensified in the fourth quarter. Plus, UK inflation rises sharply to highest rate in almost a decade.
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NewsDiageo rolls out ambitious growth plans to capture a bigger share of drinks market
Shares in the group soared 3% higher when markets in London opened this morning as investors reacted to the news, with the stock hitting record highs of 3,935p
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NewsOnline grocery sales in decline as Brits get out to shop for Christmas
In-store visits at UK supermarkets increased 6.5% in the four weeks to 6 November, according to the latest NielsenIQ data
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NewsMedia Bites 16 November: Unilever, Oatly, Heineken, Tesco, Lyre’s
Second round bids for Unilever’s €2bn tea business are due in today, but any buyer - with bidders including PE firms Advent, Carlyle and CVC - would have to decide how to handle sensitive questions of human rights and fair pay on three large plantations owned by the multinational.
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NewsCity Snapshot: Premier Foods suffers declines as shoppers eat out once more
Revenues and profits have fallen at Premier Foods as the group lapped figures from a year ago when demand was elevated during the ongoing lockdown. Plus, the latest NielsenIQ grocery data, full-year results at Imperial Brands, new growth ambitions at Diageo and interim CFO appointment at Domino’s.
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NewsOatly shares crash as supply chain challenges lead to revenue warning at plant-based brand
Oatly has warned its growth will not hit the heights expected this year as the group suffered from a number of issues, including the UK HGV driver shortage
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NewsHeineken to move into wine and spirits with €4bn southern African play
The Dutch brewer has unveiled plans to form a €4bn African drinks giant with the takeover of Distell and Namibia Breweries
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NewsCity Snapshot: Ahold Delhaize to spin out Dutch Amazon rival in subsidiary IPO
Supermarket chain Ahold Delhaize has unveiled plans to spin off its €5.5bn Dutch online retail business Bol.com in a subsidiary IPO. Plus, Eagle Eye extends Asda Rewards loyalty programme into more stores.
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NewsMedia Bites 15 November: Boots, Johnson & Johnson, THG, M&S
Speculation is building around a potential sale of Boots, while under pressure THG remains in the spotlight.
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NewsNomadic Dairy acquired by Irish investors in €29m deal
BiaVest will hold 54% of the County Donegal-based producer, while Development Capital have taken the remaining share.