Finance news – Page 250
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NewsCity snapshot: Branded sales growth helps Arla shrug off coronavirus challenges
Danish dairy giant Arla grew its first half revenues by 2.8% driven by branded sales and retail growth, The Hut Group confirm £4.5bn September float plan, B&M promoted to the FTSE 100 and all the latest news from the City.
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NewsUnilever pledges to eliminate fossil fuels from household products
Unilever will invest €1bn in a drive to remove ingredients derived from fossil fuels from its cleaning and laundry products.
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NewsMedia Bites 2 September: Ocado/M&S, Walmart, B&M
The inaugural day for the Ocado and M&S partnership turned sour as the business was forced to apologise to grumbling customers for cancelling orders
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NewsPlanty secures seed investment from Veg Capital
Vegan meal delivery start-up Planty has secured seed investment from investment firm Veg Capital.
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NewsPremium dog food brand Forthglade sold to IK Investment Partners
Nordic investment firm IK Investment Partners has bought a majority stake in premium pet food supplier Forthglade in a deal that will see existing PE investor Piper exit the business
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NewsCity snapshot: Sweet sales growth for Cake Box as stores reopen
Cream cake retailer Cake Box is giving back furlough cash and paying shareholders a special dividend after a strong performance since the easing of lockdown. Plus Nestlé is set to acquire biopharmaceutical company Aimmune Therapeutics and all the rest of the latest news from the City.
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NewsMedia Bites 1 Sep: Ocado/M&S/Waitrose, Forthglade, Nestlé
The first deliveries of Marks & Spencer’s groceries will reach customers on Tuesday as its online shopping venture with Ocado begins
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NewsAlbert Bartlett closes in on Kiddyum rescue deal
Potato supplier Albert Bartlett is in discussions to save the Kiddyum brand following its liquidation, The Grocer understands.
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NewsPlant-based restaurant chain Stem & Glory raises cash for multi-channel growth
Plant-based restaurant chain Stem & Glory has raised more than £70k via a convertible bond offer to develop a subscription-based meals offer and target supermarket listings
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NewsThe Hut Group float to reinvigorate London IPO market
The moribund IPO market got a jolt this week with the news that beauty and nutrition company The Hut Group is plotting the biggest float of a British company in seven years
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NewsTiptree owner Wilkin & Sons blames ‘tough’ market as sales slow
Growth fell back at premium jam maker Wilkin & Sons last year amid a slowdown of international sales and a “tough” UK retail market
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NewsPret A Manger lays off a third of workforce
The announcement comes after the lockdown has wiped out ten years of growth
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NewsCity snapshot: Pret a Manger to cut 2,800 jobs amid coronavirus sales slump
Pret a Manger is to cut more than a third of its workforce in a bid to survive
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NewsDealmakers prepare for post-lockdown boom in food M&A
A boom in food and drink M&A is expected to get underway in September as the UK emerges from the coronavirus lockdown
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NewsOcado boosts stake in vertical farming specialist Jones Food Co
Ocado has upped its stake in vertical farming specialist Jones Food Company to help support the building of more farms next year.
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NewsMedia Bites 28 Aug: The Hut Group, Pret A Manger, Walmart/TikTok
The Hut Group confirmed plans to raise £920m at a valuation of £4.5bn in what would be London’s biggest listing this year
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NewsMedia Bites 27 August: Bread prices, Eat Out to Help Out, Delivery Hero
Shoppers face paying more for a loaf of bread amid predictions of the worst wheat harvest for 40 years
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NewsCity snapshot: Ocado CFO Duncan Tatton-Brown to step down
Ocado CFO Duncan Tatton-Brown will step down from his role in November after eight years in the job. Plus, The Hut Group announces £4.5bn IPO, Delivery Hero makes $270m acquisition and all the rest of the latest news from the City.
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NewsCity snapshot: Hain Celestial sales and profits rise but shares drop amid sober outlook
Ella’s Kitchen owner Hain Celestial grew fourth quarter sales and reversed last year’s operating loss as it continues to simplify its portfolio.
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NewsMedia Bites 26 Aug: Retail jobs, Eat Out to Help Out, Co-op Bank
Retail jobs are being cut at the fastest pace in a decade as the government starts to withdraw its job retention scheme (The Times £). Retail job cuts surged to their worst level for more than a decade in August as M&S joined a slew of crisis-hit ...