Finance news – Page 346
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NewsValue of global food M&A activity spikes in third quarter
In the third quarter the total value of food industry M&A deals rose 95% over the previous three-month period
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NewsAppleby Westward picks up convenience store chain Denovo Retail
Southampton-based Denovo operates 15 c-stores and two forecourt sites
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NewsMeatless Farm Co hires ex-Lidl CEO Jesper Højer as new chairman
The Dane stood down as Lidl’s CEO in April
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NewsCity snapshot: Ocado launches £500m bond offer to fund global growth
Ocado has announced the launch of a £500m corporate bond offering to help fund the global expansion of its Ocado Solutions business.
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NewsMedia Bites 2 Dec: Ocado, Black Friday/Cyber Monday, Aldi
Ocado shares soared on Friday after it made its first move into Asia by striking a deal with Japanese retailer Aeon to develop its online business
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NewsGreencore share price recovery hits bump in the road
Greencore’s share price resurgence after its humbling exit from the US last year hit turbulence this week on a significant slowdown in growth.
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NewsBon Bon Buddies plunged to £6m loss to trigger rescue plan
Confectionery manufacturer Bon Bon Buddies suffered an “unprecedented” loss of £6m as it was forced to agree a rescue plan with creditors to save the business.
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NewsStateside Foods reports third consecutive profit drop
Annual profits at own-label chilled pizza supplier Stateside Foods have dropped for the third consecutive year as it failed to fend off a “challenging” trading environment
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NewsSushi sees £40m value decline as shoppers seek better value and quality
Upmarket sushi concessions are growing at the expense of pre-packed options
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NewsOcado signs first Asian supply partnership with Japan’s Aeon
Ocado has this morning announced it has agreed a partnership with Japanese grocery retail Aeon to launch an online grocery delivery business in the country using its Ocado Smart Platform technology.
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NewsMedia Bites 29 Nov: Fortnum & Mason, Ocado, Rémy Cointreau
Fortnum & Mason, the luxury store group that sells delicacies such as gulls’ eggs and alba truffles, has revealed a seventh consecutive year of increasing sales and profit.
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NewsHalo Coffee raises £500k to fund international expansion
The maker of “the world’s first” compostable coffee capsules has raised a further £500k as it seeks to build its brand across the globe.
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NewsOcado and M&S to open new ‘mini CFC’ in Bristol
The facility will have the capacity to fulfil more than 30,000 orders per week
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NewsCity snapshot: Ocado to open mini CFC in Bristol
Ocado announced it will open a mini-CFC in Bristol to support growth of its M&S JV Ocado Retail. Plus, half year results from Remy Cointreau and PayPoint and all the rest of the latest news from the City.
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NewsMedia Bites 28 Nov: Iceland, Bags for life; BAT
Iceland Foods faces a change in ownership as South African conglomerate Brait revealed plans to sell its stake in the retailer.
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NewsGriddle to launch first crowdfunding round in scale-up push
The pancake startup will launch on Seedrs next week seeking £120k in exchange for an 11% stake
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NewsKitwave reports turnover and profits hike following ‘very positive year’
The north east-based operator completed the acquisition of Alpine Fine Foods earlier this month
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NewsPG Tips and Lipton set for herbal tea expansion as Unilever denies sale
Unilever denied it was “exploring a sale” of its tea business, contrary to media reports
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NewsThomas Tucker saved from administration in sale to former director Paul Gregg
The popcorn supplier collapsed at the end of September after a food safety recall and the loss of a key contract led to a significant cash shortfall
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NewsCity snapshot: US Fruit Shoot retreat and France factory sales hit Britvic profits
Britvic’s annual profits have been hit by the closure of its Fruit Shoot multi-pack operation in the US and the sell-off of factories in France, despite posting solid results in its UK carbonates business. Plus, trading updates from British American Tobacco and Marston’s and all the rest of the latest news from the City.