Finance news – Page 260
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NewsFive Points Brewing smashes £350k crowdfunding target
London craft brewer Five Points Brewing has raised almost £700,000 in its latest crowdfunding round to help with ambitious plans to build a new showcase brewery and taproom.
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NewsDanone drafts Barry Callebaut CEO Antoine de Saint-Affrique as its new boss
De Saint-Affrique, who has led the Swiss chocolate maker and cocoa processor since 2015, will take up his new role on 15 September
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NewsCity snapshot: Surging retail sales drive double digit profit and revenue rise at Cranswick
A surge in retail sales during the pandemic has driven a double-digit rise in annual sales at meat producer Cranswick. Plus, Britvic encourage by recent trading after lockdown hits first half performance and sales and profits rise at Imperial Brands.
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NewsMedia Bites 18 May: Hospitality, Danone, Costa Coffee
Close to a million people went back to work on Monday in more than 50,000 bars, restaurants and hotels across the UK even as business owners questioned longer term reopening plans given the rapid spread of a new Covid-19 variant.
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NewsCompetition watchdog sets out what Issa brothers must do to clinch Asda deal
The CMA today published the full text of its provisional decision to accept the sell-off of some forecourts as a condition of the Asda takeover
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NewsPE house Exponent signs agreement to acquire Gü Puds
The former owner of Quorn signed an agreement last night to acquire the dessert brand from Noble Foods
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NewsMedia Bites 17 May: Amazon, Reckitt Benckiser, Ocado
Amazon is to create a further 10,000 permanent jobs this year, bringing its total workforce to 55,000 permanent staff
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NewsCity Snapshot: Danone set to appoint Barry Callebaut boss as new CEO
French food group Danone is reportedly set to name its new CEO later today following the ousting of Emmanuel Faber earlier in the year.
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NewsCity News: Analysts react positively to THG/Softbank tie-up
Softbank has provided THG with $730m as part of a $1bn capital raising.
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NewsMedia Bites 14 May: Kellogg’s, hospitality, McDonald’s, Alibaba
Kellogg’s has promised to cut sugar in its children’s cereals by 10% and salt by 20%.
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NewsCity Snapshot: Pepco offers share at a discount in upcoming €5bn IPO
Poundland owner Pepco is has set its price in the upcoming Polish IPO at a discount, valuing the budget retail chain at $5bn (£4.3bn).
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NewsPE house Exponent leading the race to buy £150m-rated Gü
A deal valuing Gü at upwards of £150m is understood to be in the final stages and is hoped to be finalised in the coming days.
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NewsBain Capital eyes Burton’s Biscuits takeover hot on heels of Valeo deal
The Boston-based investor is among the final suitors for the UK’s second-largest biscuit manufacturer.
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NewsSugro members grow turnover 12.5% during pandemic
Sugro CEO Neil Turton said the bulk of the growth had been driven by surging grocery sales during the pandemic
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NewsCharles Wilson returns with 10% stake in Menzies Distribution
Wilson also joins Menzies Distribution as non-executive director
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NewsNourished owner Remedy Health secures $11m funding for 2021 growth push
The series A funding round values the business, founded by Melissa Snover in 2019, at almost $72m
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NewsMedia Bites 13 May: Diageo, Charles Wilson, Delivery Hero, Compass
Diageo is to return billions of pounds to shareholders on the back of higher than expected profit growth, as drinking and partying around the world bounce back from the impact of Covid-19.
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NewsCity Snapshot: Lab grown meat backer Agronomics raises £62.5m in share placing
Cultivated meat group Agronomics has raised more than £60m as investors continued to place big bets on the alternative protein market.
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NewsCannabrew raises £200k from the crowd to win supermarket listings for CBD beer
Elliot Horner started the Lancaster-based business in 2019 after recognising the growing trend for CBD products
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NewsMedia Bites 12 May: Morrisons, THG, Just Eat Takeaway, Deliveroo
Morrisons first-quarter results are the big news this morning in the papers.