Finance news – Page 237
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NewsMedia Bites 1 December: Caffe Nero/Issa Brothers, Unilever, Covid dividends
Mohsin and Zuber Issa, the billionaire brothers behind EG Group, made an offer to buy Caffe Nero over the weekend, but the ailing coffee shop chain has turned down the offer.
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NewsCity snapshot: EG Group partners with Cinnabon to create 2,000 jobs
Petrol forecourt giant EG Group is set to create 2,000 jobs with the opening of 150 Cinnabon stores across the UK after partnering with the US cinnamon roll brand. Plus, Unilever completes unification and Pets at Home acquires The Vet Connection for £15m.
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NewsMedia Bites 30 Nov: Trading hours, Farming, Pubs/Hospitality
Shops are to be allowed to stay open for longer in the run-up to Christmas under a major relaxation of rules announced to help revive High Street stores.
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NewsBeer52 and Virgin Wines explore options as sales rise
A surge in online sales of alcohol during lockdown has attracted investor interest
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NewsSecond lockdown hitting food to go less hard, says Greencore
Greencore said sales had decreased far less dramatically since the advent of new tiered restrictions
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NewsGraze losses increase as sales fall following Unilever acquisition
Operating losses at Graze have widened as sales slumped almost 20% following its acquisition by Unilever and closure of the US division
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NewsReady meal startups Equals Health and By Ruby seal successful crowdfunding campaigns
Access denied introTwo healthy ready meal startups are turning to the crowd for funding to capitalise on booming demand for online convenience food
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NewsCovid forces closure of Chiltern Foods
The business closed at the end of October with all 28 jobs lost
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NewsSainsbury’s adds Patisserie Valerie cakes to 250 bakery counters
The selection consists of Patisserie Valerie’s 14 top-selling products
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NewsCity snapshot: 2 Sisters owner Boparan raises £475m to bolster turnaround
2 Sisters owner Boparan has raised £475m of new corporate bonds to refinance existing debt and provide a platform to accelerate its turnaround plans. Plus all the rest of the latest news from the City.
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NewsMedia Bites 27 Nov: Black Friday, Hospitality industry, Britvic
Black Friday is expected to smash online sales records this year as struggling retailers slash prices in a desperate attempt to drum up trade
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NewsZero-calorie startup Skinny Tonic smashes £1m crowdfund target in 24 hours
The massive overfund will allow the brand, which debuted this year after soft-launching in 2019, to triple production and embark on a massive expansion
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NewsCity snapshot: Britvic confident in recovery after sales and profits plummet in lockdown
Brtivic’s boss has pledged to be at the forefront of the recovery in a soft drinks category slammed by the coronavirus pandemic after revenues and profits slumped at the group. Plus, PZ Cussons appoints a new CFO.
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NewsMedia Bites 26 Nov: Spending review, Living wage, Eat Out to Help Out
The papers respond this morning to chancellor Rishi Sunak’s spending review
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NewsBeer52 explores investment options as lockdown business booms
Craft beer club Beer52 is seeking to tap investors for millions of pounds in funding after lockdown restrictions fuelled soaring demand this year.
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NewsCity snapshot: Nestlé agrees sale of China-based peanut milk brand Yinlu
Nestlé has agreed to sell its China-based Yinlu peanut milk and canned rice porridge businesses to Food Wise Co for an undisclosed sum
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NewsMedia Bites 25 November: Business rates row, Pets at Home, AO.com
Retailers that paid out dividends after a boost in sales during lockdown are under growing pressure to hand back millions of pounds of taxpayer support after the boss of AO World said that executives “should go and ask their mum if she would be proud”.
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NewsCity snapshot: Greencore raises £90m as coronavirus impact drives annual loss
Greencore has raised £90m in a share placement as the impact of the coronavirus outbreak led to a double-digit drop in annual sales and a pre-tax loss of more than £10m. Plus, on the busy morning, trading updates from Cranswick, Compass Group, Pets at Home and all the rest of the latest news from the City.
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NewsMedia Bites 24 Nov: Brexit, Danone, Diageo
A no-deal Brexit would cause more long-term damage to the economy than the coronavirus pandemic, the governor of the Bank of England has warned.
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NewsCity Snapshot: Danone to cut global SKU count by up to 30%
French food group Danone is to cut its product range by up to 30% in a cost-cutting effort to return to profitable growth in 2021