Finance news – Page 257
-
NewsBetter Nature raises £1.6m for mainstream push of tempeh range
Better Nature hit a £1.35m target on the Seedrs platform within three hours of a private launch
-
NewsGü Puds £150m auction nears end as suitors circle
The sale by owner Noble Foods has attracted strong interest, with the bidders taken through to the final round of the process expected to pay upwards of £150m for the premium dessert maker, The Grocer has learned.
-
NewsGorillas and Getir achieve ‘unicorn status’ following funding rounds
Both rapid delivery services have launched in London this year
-
NewsCity snapshot: Grocery sales fall in March as industry laps 2020 lockdown
Grocery sales growth fell back in March as the industry lapped last year’s record-breaking spending during the first coronavirus lockdown,
-
NewsMedia Bites 30 March: Deliveroo, Wetherspoon, High Street
Deliveroo has set the final price for its initial public offering at £3.90 a share, the bottom of its initial range and valuing the food delivery company at £1.3bn less than the top end of its original expectations.
-
NewsNomad expands frozen empire with Fortenova acquisition
Nomad Foods has agreed to acquire Fortenova’s Central and Eastern European-focused frozen food business for a total of €615m
-
NewsYoung’s and Karro owner Eight Fifty Food Group acquired by Sofina Foods
Eight Fifty had been tipped for an IPO in the coming months to give the PE house, which also owns Valeo, an exit, but The Grocer understand Sofina swooped in ahead of the planned flotation
-
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.
-
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
-
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.
-
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
-
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
-
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.
-
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.
-
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
-
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.
-
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.
-
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
-
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
-
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