Finance news – Page 221
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NewsLivekindly raises $535m in its first year as it aims to be biggest in plant-based
With the latest funding round, Livekindly said it had become one of the top three highest-funded and fastest-growing plant-based food companies in the world.
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NewsWarburtons backs Insane Grain in second Batch Ventures investment
Insane Grain will use the £250,000 Batch investment to scale growth, including supporting its first major supermarket listing into the Sainsbury’s Future Brands bay
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NewsCity snapshot: LXi REIT buys grocery sites for £85m
Property investor LXi REIT has purchased six grocery assets for £85m, including Lidl, Aldi, Tesco and Co-op stores. Plus, Domino’s continues Nordic exit with sale of Iceland business, and Wynnstay completes reorganisation with appointment of commercial sales and marketing director.
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NewsMedia Bites 29 March: Deliveroo, Asda, Valeo
Deliveroo is poised to swerve around doubters in the City and roar towards a blowout float this week
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NewsCity News: McColl’s sales fail to flow to bottom line
The chain’s total sales for the 53 weeks to 29 November were up 3.2% to £1.26bn
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NewsGrenade: ‘Mondelez takeover will supercharge us’
Grenade has set its sights on conquering the world with the backing of its new owner, US confectionery giant Mondelez.
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NewsCity snapshot: Parsley Box valued at £84m ahead of London float
DTC ready meal maker Parsley Box has raised £17m in an IPO, valuing the business at £84m as it gets set to join the London exchange’s junior AIM market.
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NewsMedia Bites 26 March: Deliveroo, Business rates, Compass Group
A host of Britain’s biggest fund managers have snubbed Deliveroo’s stock market float amid growing concern over the treatment of its workers
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NewsCity Snapshot: Margins improve at Compass Group despite revenue slump
Compass has announced a continued improvement in profit margins despite an ongoing slump in revenues as the coronavirus outbreak continues to hit sales across its business.
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NewsMedia Bites 25 March: John Lewis, Deliveroo, Brexit/meat exports
The papers turn the spotlight on John Lewis’ decision to close down another eight stores.
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NewsVeggie rice brand Fullgreen targets crowd cash after Covid sales uplift
The brand has launched a crowdfunding campaign on Seedrs, targeting £600k at a pre-money valuation of £2.2m
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NewsGunna hits £500k crowdfunding target
The business, which produces a range five low-sugar drinks, has so far raised almost £560,000 as the campaign continues to overfund
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NewsMunchFit launches £1m crowdfunding campaign for retail launch
MunchFit has already raised £800,000 from institutional investors and wealthy individuals, including Made in Chelsea star Spencer Matthews
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NewsCovid demand drives General Mills sales even higher
The US-headquartered group, which owns brands such as Cheerios, Nature Valley, Häagen-Dazs, Betty Crocker and Old El Paso, reported an 8% jump in net sales
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NewsDeal watchdog blocks Crowdcube and Seedrs merger over competition concerns
Following an in-depth phase 2 investigation, the Competition and Markets Authority (CMA) concluded in its provisional decision that the deal would reduce competition and innovation.
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NewsMedia Bites 24 March: Business rates, COVID/Retail, Carrefour
Retail bosses have lashed out at Treasury inaction on business rates
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NewsCity snapshot: Prices unexpectedly tumble in February as lockdown drags on
The rate of UK inflation has taken an unexpected fall in February as a result of continued discounting on clothes as retailers attempt to generate consumer interest as lockdown wears on. Food prices also fell again as the supermarkets battled it out over price.
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NewsLab-grown meat startup Meatable raises $47m to scale up production
The Dutch company showcased its first pork product in 2020 and is currently focused on the further development of cultivated pork and beef
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NewsGeneral Mills returns European Yoplait business to Sodiaal
The group has sold its 51% controlling stake in exchange for full ownership of the Canadain Yoplait business
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NewsCity Snapshot: McColl’s profits slide despite Covid sales boom
Strong customer demand during the coronavirus pandemic led to double-digit like-for-like sales growth at McColl’s last year, but consumer shift to lower margin products and investment in price hit profits