Finance news – Page 255
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NewsMedia Bites 15 June: Covid, hospitality, Boxed, Meatless Farm
Boris Johnson has said that Britain must learn to live with coronavirus as he delayed the end of Covid restrictions by four weeks and insisted that July 19 would be the new “terminus date”.
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NewsMeatless Farm to mount £5m crowdfunding campaign
Its ‘farm-to-fork’ programme will involve investment at every stage of the supply chain, it said
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NewsMedia Bites 14 June: Meatless Farm, BrewDog, Covid lockdown
Plant-based burger and sausage maker Meatless Farm is giving its customers the chance to invest in the fast-growing company
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NewsCity Snapshot: Distil reports 'significant' growth as UK grocery launches offset Covid losses
Drinks group Distil has significantly increased revenues and profits despite Covid disruption as it shift to grocery and online retail helped offset lost business elsewhere. Plus, agricultural supplies group Wynnstay appoints a non-executive director.
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NewsCity News: Reckitt shareholders’ relief at sale of Chinese infant formula business
The group will continue to own the Mead Johnson and Enfa brands
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NewsHighland Spring falls to £2.7m loss after ‘disappointing’ year
Bottled water brand Highland Spring fell to a £2.7m pre-tax loss in 2019 and suffered further sales slumps in 2020
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NewsCity Snapshot: Naked Wines pre-tax losses double despite sales surge
Booming online sales of wine helped propel Naked Wines’ annual revenues up 68% year-on-year, but the company remains loss-making as it continues to invest in new customers and growth.
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NewsMedia Bites 11 June: Morrisons, Brewdog, National Lottery
Morrisons has suffered one of the biggest shareholder revolts over pay in British corporate history
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NewsDr Will’s smashes £400k crowdfunding round as it eyes further supermarket growth
Founded by Dr Will Breakey, Liam White and Josh Rose in 2015 to reduce the sugar in table sauces such as ketchup, mayo and BBQ, Dr Will’s is stocked by the likes of Tesco, Waitrose, Holland & Barrett and Ocado, as well as Selfridges and Harvey Nichols.
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NewsHeura scores €70m valuation with backing from Chris Smalling and the crowd
Heura, which launched in the UK with a meat-free burger late last year, hit its initial €1m target on the Crowdcube platform and overfunded to €4m in less than 24 hours, with 3,007 investors backing the business.
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NewsLosses continue to mount at beleaguered Thorntons
Revenues fell 15% to £103.7m for the year ended 31 August 2020, with pre-tax losses widening to £37.7m.
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NewsMolson Coors back Three Fold hard seltzer into the off-trade with £5m investment
This was the biggest brand investment Molson Coors had ever made into a new category in the UK, it said
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NewsPlayIn Choc beats £250k crowdfunding target to scale up ethical brand
Launched in 2018 by husband-and-wife team Maya and Dominic Simler, PlayIn Choc already exports to 30 countries and has listings with 25 distributors, as well as Ocado. It is also in early conversations with the mults in the UK and other retailers overseas.
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NewsCity snapshot: Finnish dairy group Valio mitigates domestic decline with Chinese exports growth
Finnish dairy group Valio saw sales rise 1.2% in 2020 as a plunge in food service sales was mitigated my increased exports.
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NewsMedia Bites 10 June: SSP Group, Morrisons, Oatly
On a quiet day for retail and F&B news, the papers focus on the Covid-related losses of Upper Crust owner SSP Group.
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NewsNorth Coast Brewing Co buys Wooha Brewing from administration
The owner of Isle of Skye Brewing Co has bought Scottish craft beer maker Wooha Brewing Co out of administration.
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NewsMedia Bites 9 June: Sausage trade war, British American Tobacco, Pubs
Boris Johnson is battling to avoid a sausage trade war with Brussels which could see chilled meats barred from shops in Northern Ireland
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NewsCity snapshot: SSP Group slumps to £300m loss as Covid continues to hammer Upper Crust owner
Upper Crust and Ritazza owner SSP Group has fallen to first-half pre-tax losses of £300m as the ongoing coronavirus restrictions wiped out revenues. Plus, the European Commission has given Total Produce the all clear for its combination with Dole Food Company.
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NewsLivekindly Continues acquisition drive after snapping up Dutch Weed Burger brand
The deal will allow the Amsterdam-based seaweed burger brand to expand into the UK and other countries
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NewsCity snapshot: May retail sales boosted by hospitality reopening
UK retails sales jumped 10% in May on a two-year basis, driven by buoyant consumer spending as the UK reopens from the coronavirus lockdown