Finance news – Page 226
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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
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NewsMedia Bites 17 Jan: GSK/Unilever, Asda/Boots, WH Smith
Unilever is pursuing an audacious deal for GlaxoSmithKline’s consumer arm after tabling a bid worth £50bn
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NewsUnilever signals intent to continue pursuit of GlaxoSmithKline consumer health arm
Unilever has signalled its intent to reposition its porfolio into higher growth categories and called the GlaxoSmithKline consumer healthcare division “a strong strategic fit” for the group.
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NewsCity rewards Sainsbury’s over the big winners of Christmas Tesco and M&S
If Tesco and Marks & Spencer were the big listed grocery winners of Christmas, they received scant reward from the City this week, which sent shares down on their Christmas trading updates
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NewsCook My Grub kicks off £1.5m funding drive to fuel ten-fold growth in customers
The food delivery marketplace is seeking to raise the cash through a combination of VC, high net-worth individuals and private and angel investors.
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NewsCity Snapshot: Arora family sells £234m stake in B&M
SSA Investments, the investment vehicle of the Arora family, has sold reduced its shareholding in B&M Bargains owner BME European Value Retail from 11% to 7% after placing £234m of shares last night. Plus, McColl’s CCO heads to Sainsbury’s and all the rest of the latest news from the City.
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NewsMedia Bites 14 January: Tesco, M&S, Caffè Nero, Ocado
Christmas results from Tesco and M&S get blanket coverage in this morning’s papers.
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NewsFruit lager Jubel seals £2.7m funding to back growth
Magners producer C&C Group, which already owns a minority stake in the brand, provided follow-on funding.
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NewsBramble Foods undergoes MBO backed by private equity firm LDC
The minority investment from the PE firm will help accelerate organic growth and build scale through bolt-on acquisitions.
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NewsTesco promises collaborative fight with suppliers against inflation
CEO Ken Murphy said Tesco’s suppliers had “stepped up magnificently” to the challenges of the pandemic
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NewsCity Snapshot: Tesco hikes profit forecast after market share hits four-year high
Tesco has upgraded its profit expectations after strong growth in its third quarter and over Christmas. Plus, M&S posts bumper festive grocery growth, trading updates from Hilton Food Group, and Finsbury Food Group and all the rest of the latest news from the City
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NewsMedia Bites 13 January: Sainsbury’s, Pret a Manger, Unilever, Beyond Meat
A busy morning in the papers takes a deep dive into the Sainsbury’s Christmas trading figures, as well as stories on Pret, Unilever and Beyond Meat.
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NewsSamworth Brothers appoints Brakes CEO as new boss to replace outgoing Flor Healy
Hugo Mahoney is to take over the reins from Flor Healy, who is retiring from the top role at the Ginster and Soreen supplier.