Finance news – Page 190
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NewsMedia Bites 4 November: Labour shortages, Pets at Home, EG Group, John Lewis
The UK poultry industry expects to take up only about half of the 5,500 emergency visas announced by the government ahead of Christmas, after turkey farms cut production and recruited some workers locally.
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NewsEG Group expands US empire with Sprint acquisition
The deal – for a reported $300m – pushes the Blackburn-headquartered group into two new states taking its presence in the US to more than 1,750 sites across 33 states.
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NewsMondelez upgrades sales outlook as it hikes prices to battle inflation
Cadbury owner is the latest fmcg giant to highlight the role of price increases as the industry continues to battle inflation
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NewsFix8 kombucha rescued from liquidation by sale to Global Tea
The two businesses were a “natural alignment”, said Fix8 founder Freya Twigden
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NewsMedia Bites 3 Nov: THG, EG Group, Morrisons
Shares in the Hut Group hit an all-time low on Tuesday after it emerged that BlackRock was halving its stake in the online retailer
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NewsCity Snapshot: Pets at Home boss Peter Pritchard to leave pet care retailer
Pets at Home Group CEO Peter Pritchard is to leave the retailer after 11 years with the business. Plus, Coca-Cola HBC reports strong Q3.
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NewsJohn Lewis Partnership takes on new £420m credit linked to environmental targets
The new credit is set to support the group’s current sustainability commitments
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NewsCity snapshot: HelloFresh raises growth expectations on continued strong sales
Meal kit supplier HelloFresh has upped its full year sales forecast after continued strong customer and revenue growth in its third quarter
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NewsMedia Bites 2 November: THG, Coca-Cola
THG’s troubles look set to continue as BlackRock prepares to sell 55 million shares, while Coca-Cola is to buy the remaining stake in Body Armor that it did not already own for $5.6bn.
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NewsRe:Nourish ramps up global ambitions in £2m funding round
The investment will be used to spearhead the latest launches into the Middle East, Far East and other territories
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NewsCoca-Cola agrees $5.6bn takeover of sports drinks brand BodyArmor
Coca-Cola has taken full control of sports drinks group Body Armor for $5.6bn (£4.1bn) after identifying further “significant potential” for long-term growth.
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NewsCraft rum brand Libations beats crowdfunding target
Craft rum brand Libations has raised almost £200k from the crowd to bring its production in-house and open a distillery in Yorkshire.
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NewsStrangeways raises six-figure crowd sum to grow CBD spirits range
CBD spirits start-up Strangeways has beaten a £120,000 crowdfunding target to expand distribution in supermarkets and develop new products.
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NewsMedia Bites 1 Nov: Asda, Morrisons, Greggs
Asda’s billionaire owners are looking at expanding the chain into continental Europe
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NewsHopes rise for Reckitt Benckiser after troubled pandemic performance
The Dettol maker raised its full-year revenue forecast after a stronger third quarter than forecast
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NewsCity Snapshot: Coca-Cola lines up full BodyArmor takeover
Coca-Cola is set to take full control of US sports drink company BodyArmor for $5.6bn.
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NewsTyphoo sets sights on return to profit after rationalising range
The tea supplier almost halved losses in the run-up to recent investment
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NewsFood & drink sector headwinds keep the lid on M&A activity
Food and drink M&A volumes remained relatively subdued in the third quarter as mounting headwinds constrained dealmaking in the sector.
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NewsCompetition watchdog opens investigation into £7.1bn CD&R takeover of Morrisons
Any issues for the CMA are likely to centre around Morrisons’ forecourt operations and the CD&R-owned Motor Fuel Group
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NewsCity snapshot: Hilton Food Group buys Fairfax Meadow for £23.8m
Hilton Food Group has acquired the entire share capital of UK-based foodservice meat supplier Fairfax Meadow Europe from Argent Food Group for £23.8m.