All articles by Ed Devlin – Page 85
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NewsNeyba seeks £15m to expand grocery restaurant hybrid across London
Neighbourhood grocery and restaurant start-up Neyba is looking to raise £15m as part of an expansion plan.
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NewsMcColl’s shares surge 70% higher as c-store chain remains locked in talks with lenders
Embattled convenience store retailer McColl’s has said it knows of no reason for a sudden surge in its share price today.
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NewsMedia Bites 7 April: inflation, Kinder Surprise, Amazon
Chronic worker shortages in the food and farming sector as a result of Brexit and the coronavirus pandemic could push food prices even higher and lead to more food having to be imported, MPs have warned.
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NewsRemeo Gelato eyes expansion after securing fresh capital
As part of the raise, Remeo appointed Nando’s grocery CEO Georg Gruber as executive chairman of the board
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NewsWeetabix swoops for protein shakes player UFit
Weetabix has boosted its presence in the dairy drinks category with the acquisition of RTD protein shakes player UFit
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NewsCity snapshot: Revenues soar as Hilton Food Group diversifies further
Meat and fish supplier Hilton Food Group has reported a surge in revenues and profits as it extended its reach across protein categories around the world. Plus, trading updates for Imperial Brands and Distil.
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NewsShicken owner secures new funds to expand plant-based Indian ready meals into the US
The group behind the Shicken range of plant-based Indian ready meals has scored further backing from specialist investment firm Veg Capital.
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NewsMedia Bites 5 April: Morrisons, inflation, Ferrero, M&S
The new owners of Morrisons have given the green light to plans to sell a £500m property portfolio, while the supermarket warns its profits are likely to take a significant hit this year as the cost of living crisis and disruption due to the war in Ukraine weigh on the grocery market.
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NewsCompleat Food Group hires former Burton’s Biscuits boss Nick Field as CEO
Field will join the Addo, Winterbotham Darby and Wrights Food Group owner as CEO in June
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NewsCity Snapshot: Consumer confidence plunges rapidly in face of soaring prices
Rampant inflation has sparked a record decline in consumer confidence, with the pent-up demand in discretionary spending disappearing as the cost of living soars, according to a new survey.
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NewsMatugga Distillery closes in on £300k crowdfunding goal
The business, run by married co-founders Jacine Rutasikwa and Paul Rutasikwa, is aiming to become a ‘cane to cask’ producer, with plans underway to develop a sugarcane plantation in Uganda.
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NewsKoRo closes €50m funding round to continue rapid growth across Europe
The business – started in Berlin in 2014 – sells a range of more than 1,000 SKUs across food categories and kitchen appliances direct to consumers.
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NewsCMA gives Boparan green light for Banham Poultry acquisition
After taking a closer look at the transaction and launching a phase 1 inquiry in January, the Competition & Markets Authority (CMA) cleared the deal.
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NewsCheeky Panda smashes £1m crowdfunding target as it looks ahead to IPO
Eco household brand Cheeky Panda has welcomed thousands of new shareholders after closing its latest round of crowdfunding ahead of a planned IPO.
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NewsLittle Moons hires Mike Hedges as CEO after L Catterton invests
Hedges joins the business as CEO on 4 April to support further distribution expansion in the UK and overseas.
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NewsMedia Bites 25 March: Boots, Holland & Barrett, Ocado, Morrisons, McColl's
Apollo Global Management, the New York-based buyout giant, is lining up banks to fund a £6bn tilt to buy Boots, according to reports this morning.
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NewsMedia Bites 24 March: Spring statement, inflation, food poverty, Nestlé
Rishi Sunak’s spring statement dominates the headlines this morning as inflation continues to surge.
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NewsBritish Honey Company raises six-figure sum to grow its spirits offering
The British Honey Company has completed a six-figure sum fundraising to help it expand further in the premium spirits market.
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NewsFearne & Rosie launches crowdfunding campaign backed by Giles Brook and Pip & Nut founder
The business is hoping to raise £200,000 on the Seedrs platform as it seeks to continue its efforts to reduce the amount of sugar consumed by children.
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NewsCity Snapshot: Cost of living hits new 30-year high as energy, petrol and food prices climb
The squeeze on living costs continued to ramp up last month, with food prices up sharply, according to the latest official figures released this morning ahead of the Chancellor’s spring statement.