Finance news – Page 180
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NewsCity Snapshot: Pressure intensifies at Unilever as Nelson Peltz’s activist fund buys stake
Unilever’s embattled management team is under more pressure this week as it emerged that Nelson Peltz’s activist hedge fund Trian Partners has built a position in the consumer goods group.
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NewsUnilever’s failed bid for GSK arm leaves management in a precarious position
Unilever announced on Wednesday it would not up its bid for GSK’s consumer arm
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NewsMy Fabulosa reports doubling of sales as it shakes up household
Founder and MD James Sharpe told The Grocer the company was on track to continue its meteoric growth in 2022.
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NewsCity snapshot: Omicron hits Christmas retail sales
UK retail sales fell back over the crucial Christmas period as Omicron kept shoppers away from stores.
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NewsOmni raises £1.1m to accelerate growth of vegan dog food brand
Vet Guy Sandelowsky and former investment banker Shiv Sivakumar founded the business in 2020 in an attempt to make pet food more sustainable.
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NewsJamaica Rum Vibes wins backing from AB InBev VC fund
It follows the business completing an accelerator programme at Add Psalt, which focuses on growing black-owned brands in UK grocery.
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NewsMedia Bites 21 January: Unilever, Premier Foods, Deliveroo, Associated British Foods
The fallout from Unilever’s disatrous buyout attempt of GSK Consumer Health continues to fill the column inches in this morning’s papers.
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NewsHiggidy to invest £10m at Shoreham HQ with view to doubling sales
The investment followed increased demand for the brand’s products, fuelled by ’the rise in flexitarian and vegan diets’, said Higgidy
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NewsEx-Symington’s boss David Cox named CEO of dogfood maker Forthglade
Cox departed Symington’s following a takeover by Italian dairy and pasta group Newlat Food
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NewsMamamade raises £1.5m in oversubscribed funding round
The pre-seed round was made up of an oversubscribed crowdfunding campaign on the Seedrs platform, with almost £830k raised from more than 300 investors, more than doubling its £400k target.
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NewsCity snapshot: Premier Foods ups profits guidance on continued branded growth
Premier Foods saw sales edge back from elevated levels last year in its third quarter, but has upgraded its earnings expectations on continued strong trading so far in its financial year. Plus trading updates from ABF and Deliveroo and all the rest of the latest news from the City.
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NewsMedia Bites 20 January: Unilever/GSK, inflation, WH Smith
Unilever dominates the headlines once more after saying it won’t pay any more than £50bn for the GSK consumer health arm.
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NewsUnilever halts pursuit of GSK consumer health arm as it refuses to up £50bn offer
Unilever has drawn a line under the rollercoaster takeover attempt, following a chorus of negative feedback from shareholders and analysts
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NewsEcozone snapped up by HG International
Founded 20 years ago by the Van der Molen family, Ecozone produces a wide range of detergents, surface cleaners, dishwasher tablets, bin bags and mops using plant-based and natural ingredients and sustainable packaging.
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NewsAsda, Ocado driverless partner Wayve secures $200m funding
The round is a significant cash injection for the London-based startup, which had previously raised $58m since it was founded in 2017
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NewsCity Snapshot: WH Smith recovery stalls as Omicron hits travel stores
The emergence of the Omicron variant stalled the recovery at the WH Smith travel business, but it still put “a good performance” on the high street in the run up to Christmas. Plus, UK inflation surges in December and trading updates from Science in Sport and Devro.
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NewsCity snapshot: THG margins fail to meet expectations as revenues surge past £2bn
THG has said its 2021 profit margins will be below market expectations, but has pointed to a recovery in 2022 amid continued strong revenue growth. Plus, Hotel Chocolat raises expectations following strong festive sales growth.
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NewsMedia Bites 18 January: Unilever/GSK, Morrisons, Amazon
The fall-out from Unilever’s pursuit of GSK’s consumer health arm continues to dominate coverage in the papers this morning.
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NewsSerious Sweets picks up honeycomb maker Mighty Fine
Serious Sweets supplies the major retailers and the foodservice industry with a range of private label fudge, toffee, marshmallows, brittles and butterscotch
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NewsFreixenet Copestick buys English winery Bolney Estate
Together the two businesses would “aim to realise the opportunities of English sparkling wine and continue to grow Bolney Wine Estate’s position”, said Freixenet Copestick MD Robin Copestick