Finance news – Page 496
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NewsWild Card Brewery seeks £250k from crowd to boost capacity
The London-based brewery and bar operator is seeking £250,000 from a Crowdcube campaign in return for a 7.2% stake
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NewsGrowth slows as dairy and meat hikes pile pressure on Higgidy
The business warned margins were under pressure in the new financial year
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NewsAmazon price investment plan triggers global grocery fallout
More than $11bn was wiped off the value of the world’s largest supermarkets and food & drink manufacturers on 25 August
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NewsMcCormick UK profit slumps due to weak pound and writedown
It incurred interest charges of £3.7m and an investment impairment of £2m
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NewsCity snapshot: Little Dish sells majority stake in £17m US deal
Healthy children’s food brand Little Dish is targetting growth in the US after a £17m deal with Profile Capital. Plus, the FTSE is back on the rise and all the rest of the latest news from the City.
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NewsMedia Bites 1 Sep: Asda, McColl's, Boots, Pernod Ricard
More than 10,000 equal-pay claims may go ahead against Asda after the supermarket chain failed to stop the cases proceeding.
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NewsLittle Dish heads to US in £17m deal with Profile Capital
Profile Capital has acquired a majority stake in Little Dish valuing the healthy children’s food brand at $21.5m (£17m)
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NewsWarren Buffett rules out second Kraft Heinz approach for Unilever and says 'no' to Mondelez bid
Kraft Heinz backer Warren Buffett has ruled out a second tilt at Unilever and quashed rumours that the food conglomerate’s next target is a reunification with Mondelez.
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NewsOcado appoints David Shriver to head communications team
Shriver will “deepen and widen” Ocado’s relationship with its investors and with the capital markets
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NewsMiso Tasty paste sales soar after Jamie Oliver show appearance
Four times as many products as usual sold in Waitrose in the 24 hours after the show aired
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NewsBritish American Tobacco restructures following Reynolds buyout
The changes include an amalgamation of its vaping and heating tobacco products into the core business
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NewsMedia Bites 31 August: Co-op/Nisa, Unilever/Kraft Heinz, M&S, Pizza Express, Poundland
The papers cover the latest M&A development in the convenience store sector as the Co-op enters exclusivity to buy Nisa.
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NewsCity snapshot: McColl's boosts sales 31% in "significant" quarter
Revenues have jumped 31% at McColl’s Retail Group in the third quarter as the convenience retailer integrated almost 300 Co-op stores into the business. Plus, Premier Foods completes signing of Cadbury cake agreement with Mondelez; Pernod Ricard reports full-year results; and Total Produces reveals half-year figures.
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NewsScottish Salmon Co reports record half-year results
Revenues up 25% year on year on the back of higher prices, strong demand and lower volumes
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NewsAmazon adds range of Whole Foods Market lines to UK site
Nearly 450 products have appeared on AmazonFresh shortly after Whole Foods lines went live on US sites
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NewsUK fruit and veg shields shoppers from rising prices in supermarkets
Home-grown fruit and vegetables have helped ‘keep a lid on’ rising prices in the supermarkets in August
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NewsThe Co-op enters exclusive talks to buy Nisa
Sainsbury’s put its interest in Nisa on hold earlier this month
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NewsMedia Bites 30 August: Amazon/Whole Foods, BrewDog, inflation, M&S
The papers examine how the takeover of Whole Foods by Amazon has shaken up investor confidence in the food retail market. Plus, BrewDog unveils plans to give away 20% of profits; and shop prices rise again.
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NewsCity snapshot: 'Strong' travel performance keeps WH Smith on track
WH Smith has said this morning that its annual results will be in line with expectations, with the travel division of branches in airports and train stations continuing to put in a “strong performance”. Plus, food price inflation accelerates in August as ambient prices rise at fastest price for almost four years; and M&S opens talks with franchise partner Al-Futtaim for potential purchase and franchising of the owned retail business in Hong Kong and Macau.
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NewsBRC warns of major post-Brexit fresh produce shortages
Bare shelves and soaring prices witnessed during the lettuce and courgette shortages ‘could be repeated on a grand scale’