Finance news – Page 335
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NewsAllplants smashes £2m crowdfunding target in 48 hours
The crowdfunding campaign will kick off a bigger institutional raise planned before the end of 2020
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NewsWater kefir producer Agua de Madre turns to the crowd to scale up
Craft-brewed fermented water kefir producer Agua de Madre has turned to the crowd as it aims to take on the low & no UK drinks market
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NewsCity snapshot: UK snacking acquisitions boost growth for Lotus Bakeries
Bear, Nakd and Kiddylicious owner Lotus Bakeries grew its annual revenues and profits last year, boosted by the international rollout of its Biscoff brand and the strong performance of natural snacking.
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NewsMedia Bites 10 Feb: WH Smith, Ocado, Waitrose
WH Smith is demanding to be allowed to delay its rent payments as some of the high street’s stronger retailers capitalise on landlords’ woes.
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NewsArmitage Pet Care sales surge past £55m
Fast growing producer of Good Boy dog treats Armitage Pet Care saw annual sales surge past £55m, though profits fell as it invested in growth.
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NewsVegan restaurant The Vurger Co secures seven-figure funding to launch retail range
The vegan burger restaurant chain will use the funding to open more sites and launch its plant-based burger range into retail in April
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NewsImperial Brands greets new CEO with profits warning
Stefan Bomhard has work ahead as Imperial grapples with its attempts to shift towards tobacco alternatives…
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NewsVegan DTC startup Allplants seeks £2m in fundraising
Allplants is aiming to raise up to £20m this year
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NewsCity snapshot: Vegan DTC startup Allplants kicks off £20m fundraising push
Vegan DTC meal delivery startup Allplants will kick off a fundraising push next week as it aims to raise up to £20m this year.
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NewsMedia Bites 7 Feb: John Lewis, Tesco, High Street
The new chairwoman of the John Lewis Partnership has warned that the retail group faces more shop closures and job losses.
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NewsG’s Group stays in red as Love Beets costs negate rising sales
UK fresh salad and veg giant G’s Group remained in the red last year as costs associated with taking control of its US Love Beets business negated rising sales.
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NewsLow & no-alcohol wine sales fall despite boom for wider category
Total low & no alcohol category sales surged in 2019
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NewsFood-to-go market set for growth in 2020 despite sector slowdown
Growth in the sector has slowed in the past three years, following five strong years from 2012 to 2016
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NewsCity snapshot: US growth drives Compass Group’s first quarter sales
Catering giant Compass Group has posted a rise in first quarter revenues, driven by strong performance in North American and new business wins. Plus, trading updates from Tate & Lyle and Stock Spirits, while AB InBev’s leadership team shaken up.
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NewsMedia Bites 6 Feb: Imperial Brands, Organic foods, Domino’s Pizza Group
More than £1.2bn was wiped off the value of Lambert & Butler cigarette maker Imperial Brands as a ban on flavoured vaping products by US regulators takes its toll.
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NewsKatie Bickerstaffe appointed M&S chief strategy and transformation director
Bickerstaffe, currently an M&S non-executive director, fills the role left by Melanie Smith, who was named CEO of Ocado Retail last year
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NewsMults rolling out more dark stores to cope with above-market rents
Attractive lease terms have caused a surge in supermarket property investment while leaving Tesco, Sainsbury’s, Asda and Morrisons paying too much rent, according to research
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NewsUpfield and General Mills supply chains in balance after NFT pre-pack administration
The future of NFT’s key Tilbury distribution site, used by the Flora and Yoplait owners, remains unresolved
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News‘Volcanic’ chocolate brand Firetree takes to the crowd to raise £200k
The ’super premium’ chocolate manufacturer plans to use the funds raised to scale-up its newly launched brand
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NewsCity snapshot: Imperial Brands issues profits warning on US e-cigarette crackdown
Imperial Brands has issued a stark profit warning ahead of its annual general meeting as increased regulation on new generation products and a US ban on flavoured cigarettes are expected to hit revenues and profits