Finance news – Page 124
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NewsThe Coconut Collab closes £1.5m funding round
The brand will use the funds to accelerate growth, primarily focusing on the UK and Europe, and establish a more mainstream presence
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NewsCity snapshot: Travel recovery boosts WH Smith
WH Smith grew revenues in the second half of last year as the global travel market continues to recover and it expands its number of airport outlets
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NewsMedia Bites 26 January: Fever-Tree, Haleon, consumer confidence
Sales of Fever-Tree’s tonics and mixers in the United States have overtaken those in Britain as the London-listed soft drinks group pursues its growth ambitions overseas
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NewsNorth Brewing Co acquired by founder of Kirkstall Brewery
Existing management at North – including founders Christian Townsley and John Gyngell – will continue to run the new company
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NewsInfinite Roots closes £46m round to build a ‘more sustainable and healthy food system’
Biotech firm Infinite Roots has closed a $58m (£45.5m) series B funding round as the business looks commercialise its technology and kickstart product launches worldwide
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NewsCity snapshot: US growth boosts Fever-Tree despite UK sales stagnation
Fever-Tree has posted annual growth of 6% despite a stagnation of UK sales as it doubled profits in the second half of 2023
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NewsMedia Bites 25 January: AI, Thatchers/Aldi, Wetherspoons
AI technology that guesses the age of shoppers wanting to buy alcohol is to be rolled out in supermarkets under government plans
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NewsTwo Tribes plots international expansion following fundraising
Founded in 2017 by DJ and music producer Justin Deighton, the brand is stocked by the likes of Waitrose, Sainsbury’s and Ocado, as well as by Eurostar and Virgin Atlantic, and premium on-trade sites in London
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NewsFull Power Cacao scores Dragons’ Den investment from Gary Neville, Steven Bartlett and Peter Jones
Ceremonial-grade cacao company Full Power Cacao has scored a three-way investment following an appearance on the BBC’s Dragons’ Den
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News‘No third-party interest’ in insolvent East London Liquor Co prior to pre-pack sale
The business had explored other avenues before being sold to existing management
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NewsMedia Bites 24 January: Premier Foods, ABF, P&G
Premier Foods said selected discounting helped drive strong Christmas sales growth and there are plans for more price cuts ahead
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NewsCity snapshot: East Imperial Superior Beverages raises funds to take on growth markets
Premium tonic maker East Imperial has raised £325k to boost working capital and help realise growth opportunities in the US and Asia Pacific markets
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NewsBreal Group denies interest in ailing North Brewing Co
The denial comes despite Breal changing the name of one of its holding companies to North B Co Limited
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NewsCity snapshot: Premier Foods sales jump after ‘biggest ever’ Christmas
Premier Foods posted strong double-digit growth in its third quarter, boosted by its “biggest ever Christmas” and significant market share gains. Plus updates from ABF, Chappel Down and Marston’s.
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NewsMedia Bites 23 January: Morrisons, baby formula, VBites, Virgin Wines
Morrisons is closing in on a £2.5bn deal to sell its petrol forecourts portfolio to another company backed by its private equity owner, according to reports.
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NewsHeather Mills strikes rescue deal for VBites
Heather Mills has bought the assets of her collapsed plant-based VBites empire from administrators in a rescue deal worth £1m, The Grocer can reveal
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NewsMedia Bites 22 January: Retail sales, Sainsbury’s, shrinkflation
British retail sales plummeted in December, marking the biggest decline in nearly three years and raising the risk that the UK economy has slipped into a technical recession
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NewsCity snapshot: Virgin Wines celebrates ‘good’ Christmas
Virgin Wines UK has hailed a “good” Christmas and revealed a “significant” improvement in profitability during its first half. Plus, catering giant Compass has agreed a £475m deal to acquire hospitality firm CH&CO
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NewsCity news: Ocado shares under pressure despite ‘record’ Christmas
Ocado Retail’s return to double-digit growth, a “record” Christmas and – most notably – a move back into the black were all good news this week.
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NewsPrinces profit drops as sale nears completion
Canned food giant Princes suffered a sharp drop in profitability last year despite a £300m sales boost