All Finance articles
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NewsCMA finds Issa brothers’ £6.8bn Asda deal could hike petrol prices
Watchdog has given the brothers and private equity firm TDR Capital five days to offer “binding proposals” to tackle its concerns
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Food and drink exports fall nearly 10% in pandemic
Most of the top 10 food and drink products exported by the UK were negatively affected by Covid-19 and restrictions of movement
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Multivitamin start-up Feel secures £4.5m investment to fuel growth
Founded by Boris Hodakel in late 2019, the business has grown rapidly in its first year, with active subscriptions for its range of all-natural multivitamins and omega 3 and immunity-boosting supplements exceeding 21,000.
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City snapshot: ABF rebounds with ‘record’ Primark sales on reopening
Associated British Foods has seen ‘record’ sales on the reopening of its stores last week to bounce back from a first half of a double-digit revenue fall and shrinking profits
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Media Bites 20 April: Coca-Cola, Tesco, Oatly
Coca-Cola’s sales rebounded in the first three months of the year as accelerating Covid-19 vaccinations and a rollback in restrictions on restaurants and bars renewed demand for its fizzy drinks.
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Coca-Cola revenues boosted by vaccine rollout and economic reopening
Coca-Cola has posted a 5% rise in first quarter net revenues as its performance improved in key markets where vaccine availability increased and economies are opening up
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Booker sales surge despite Covid catering impact
The wholesale giant enjoyed a 18.5% jump in retail sales as more shoppers turned to convenience stores during the crisis
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City snapshot: EG Group swoop for Leon
Petrol forecourt giant EG Group has swooped for restaurant chain Leon as it seeks to grow its non-fuel offering and expand the foodservice operation into healthy fast food. Plus, C&C subsidiary Matthew Clark Bibendum hit by cyber-security incident.
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Media Bites 19 April: EG Group/Leon, Yo! Sushi, Poundland
The billionaire brothers behind the petrol station business EG Group have snapped up the fast food chain Leon Restaurants for £100m
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City News: Deliveroo woes grow as shares fall again
Deliveroo posted record first quarter numbers in its first update as a listed company, but investor concerns remain about a 2021 slowdown
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CBD platform Alphagreen raises £1m-plus before funding push goes public
E-commerce startup Alphagreen will kick off a public crowdfunding campaign next week
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Gail’s owner Bread Holdings benefits from quality demand
Shopper demand for better-quality bread in supermarkets during lockdown has helped the premium bakery group behind Gail’s offset some of the sales losses incurred in the pandemic
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Buyout funds eyeing ‘undervalued’ UK supermarkets
Global buyout funds are eyeing the opportunity to take more UK supermarkets back into private hands after Covid left the major grocers undervalued
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Scotmid Co-op results reveal sales up 6.2% to £409m
Society’s trading profts increased by 14.3% to £6.4m
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Asda appoints John Fallon as new CFO ahead of Issa brothers takeover
Fallon will replace Rob McWilliam who is returning to a portfolio career
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City snapshot: Ocado invests in AI firm Oxbotica to develop vehicle fleet
Ocado has announced a partnership, including a £10m investment, with Oxford based autonomous vehicle software company Oxbotica to develop a range of vehicles
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Media Bites 16 April: Deliveroo, Naked Wines, THG
The boss of Deliveroo has conceded that the company will have to work hard to prove itself to the stock market after the slump in its shares
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Diageo expands RTD portfolio with Loyal 9 deal
Launched in 2018 in Rhode Island, Loyal 9’s vodka-based RTD canned cocktails are produced with 100% real fruit and use a lemonade base.
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East London Liquor Co in £750k crowd push as it looks to expand in supermarkets
The London-based distiller, which already has supermarket listings with Waitrose, Tesco and Co-op, aims to expand off-channel exposure for its range of spirits, ready-to-drink canned cocktails and hard seltzers.
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City snapshot: Deliveroo orders soar in first quarter ahead of 2021 slowdown
Newly listed Deliveroo has posted a 130% jump in first quarter turnover, but the delivery giant pointed to dramatic slowdown for the rest of the year. Plus Naked Wines’ sales soar on US growth and THG posts £482m loss despite strong growth.
