Finance news – Page 82
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NewsTate & Lyle targeted by US buyout specialist Advent International
Although there is no certainty an offer will be made, it is expected to be higher than Tate & Lyle’s £2.8bn market value
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NewsInfinite Roots secures £2m to explore whey upcycling tech
The German business is working with the Hamburg University of Technology to develop technology to upcycle whey into a fermentation feedstock for its mycelium, paving the way for the creation of new food ingredients and products
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NewsCity snapshot: Nestlé downgrades growth forecasts on weak shopper demand
Nestlé has lowered its growth expectations for the year after a disappointing third quarter as the world’s biggest food company struggled with soft consumer demand. Plus, Tate & Lyle shares boom on takeover speculation, and Deliveroo and Pernod Ricard report quarterly results
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NewsMedia Bites 17 October: M&S, BrewDog, Tate & Lyle
A busy morning in the papers for fmcg sees a spotlight on the latest NIQ supermarket data, BrewDog financial results and takeover speculation at Tate & Lyle
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NewsCollapsed grocer Melrose & Morgan relaunches with DTC proposition
The business’ assets were bought out of liquidation by former head chef Mauro Faure
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NewsBrewDog ‘near return to profit’ founder insists, as pre-tax losses balloon
BrewDog has not recorded a pre-tax profit since the £1.1m it booked in 2019
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NewsIGD veteran Nick Downing joins YF as business development head
Downing spent the past 23 years at IGD, where he was instrumental in expanding the organisation’s commercial arm as part of the executive team
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NewsGosh loses more sales due to plant-based exodus
Gosh said ‘meat mimics’ were under the most pressure in the market, while losses at Enough doubled in 2023
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NewsRed Bull’s fizz finally begins to flatten
The brand’s volume growth eased in 2023 after rising by around 20% for two consecutive years
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NewsVegan Food Group sells German factory to European tofu player
European tofu producer New Originals Company will continue to partner with VFG after buying the Wiesbaum site from the group
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NewsMedia bites 16 October: IMF, James Watt, Fenwick, John Lewis
BrewDog founder and former CEO James Watt has attacked plans by Chancellor Rachel Reeves to raise capital gains tax
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NewsCity snapshot: Just Eat’s UK growth cannot prevent global slowdown
Just Eat Takeaway kept up its strong growth in the UK and Ireland but could not prevent a global slowdown led by North America. Plus, the latest supermarket sales data from NielsenIQ and UK inflation figures from ONS
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NewsSt Peter’s continues expansion with Portobello Brewing investment
Suffolk-based St Peter’s has undergone a significant expansion in the last year following the buyout of Curious Brewery and The Wild Beer Co
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NewsBoots’ digital performance fuels quarterly growth of 6.2%
It was Boots’ 14th consecutive quarter of market share growth
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NewsJohn West suffers first loss since 2010 after absorbing price hikes
John West had tried raising prices but suffered a consequent fall in volumes
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NewsGuinness Covent Garden brewery delayed until 2025
The £73m project has stalled after its main contractor’s collapse in the summer
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NewsApplied Nutrition hopes for £400m valuation as Mohsin Issa commits to IPO
Applied Nutrition has revealed Asda owner Mohsin Issa is committed to the group’s upcoming London IPO, which will see the sports supplements brand valued at up to £400m
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NewsMedia Bites 15 October: Menzies, Gail’s, Greggs, Wine Society, 7-Eleven
Gail’s CEO Tom Molnar recalls how 20 years ago, the idea of having more than five branches would have seemed fanciful
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NewsCity snapshot: Agronomics invests $2m in Liberation Labs
London listed lab-grown meat investor Agronomics has invested a further $2m (£1.5m) in Liberation Labs
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NewsAlara Wholefoods transfers ownership to employees
The business, which makes a range of organic muesli, porridge and bircher, formally moved into the employee-owned trust scheme this week