All Finance articles – Page 193
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NewsUnilever halts pursuit of GSK consumer health arm as it refuses to up £50bn offer
Unilever has drawn a line under the rollercoaster takeover attempt, following a chorus of negative feedback from shareholders and analysts
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NewsEcozone snapped up by HG International
Founded 20 years ago by the Van der Molen family, Ecozone produces a wide range of detergents, surface cleaners, dishwasher tablets, bin bags and mops using plant-based and natural ingredients and sustainable packaging.
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NewsAsda, Ocado driverless partner Wayve secures $200m funding
The round is a significant cash injection for the London-based startup, which had previously raised $58m since it was founded in 2017
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NewsCity Snapshot: WH Smith recovery stalls as Omicron hits travel stores
The emergence of the Omicron variant stalled the recovery at the WH Smith travel business, but it still put “a good performance” on the high street in the run up to Christmas. Plus, UK inflation surges in December and trading updates from Science in Sport and Devro.
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Comment & OpinionAmazon’s u-turn could be a victory for Visa in more ways than one
Amazon is not the only retailer rounding on card companies over fees. UK supermarkets are also taking on the major players
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NewsCity snapshot: THG margins fail to meet expectations as revenues surge past £2bn
THG has said its 2021 profit margins will be below market expectations, but has pointed to a recovery in 2022 amid continued strong revenue growth. Plus, Hotel Chocolat raises expectations following strong festive sales growth.
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NewsMedia Bites 18 January: Unilever/GSK, Morrisons, Amazon
The fall-out from Unilever’s pursuit of GSK’s consumer health arm continues to dominate coverage in the papers this morning.
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Comment & OpinionWould £50bn-plus GSK consumer arm acquisition cure Unilever’s headache?
A 7% plunge in Unilever’s share price today has given a pretty clear indication that its investors do not see a £50bn-plus swoop for GlaxoSmithKline’s consumer health arm as the answer to the consumer giant’s problems
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NewsSerious Sweets picks up honeycomb maker Mighty Fine
Serious Sweets supplies the major retailers and the foodservice industry with a range of private label fudge, toffee, marshmallows, brittles and butterscotch
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NewsFreixenet Copestick buys English winery Bolney Estate
Together the two businesses would “aim to realise the opportunities of English sparkling wine and continue to grow Bolney Wine Estate’s position”, said Freixenet Copestick MD Robin Copestick
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NewsMedia Bites 17 Jan: GSK/Unilever, Asda/Boots, WH Smith
Unilever is pursuing an audacious deal for GlaxoSmithKline’s consumer arm after tabling a bid worth £50bn
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NewsUnilever signals intent to continue pursuit of GlaxoSmithKline consumer health arm
Unilever has signalled its intent to reposition its porfolio into higher growth categories and called the GlaxoSmithKline consumer healthcare division “a strong strategic fit” for the group.
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NewsCity rewards Sainsbury’s over the big winners of Christmas Tesco and M&S
If Tesco and Marks & Spencer were the big listed grocery winners of Christmas, they received scant reward from the City this week, which sent shares down on their Christmas trading updates
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NewsCook My Grub kicks off £1.5m funding drive to fuel ten-fold growth in customers
The food delivery marketplace is seeking to raise the cash through a combination of VC, high net-worth individuals and private and angel investors.
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Analysis & FeaturesWho were grocery’s big winners and losers of Christmas 2021?
The mults managed to keep spend flat compared with 2020 (though inflation played a part). Who got what they wished for and who’s hungover?
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NewsCity Snapshot: Arora family sells £234m stake in B&M
SSA Investments, the investment vehicle of the Arora family, has sold reduced its shareholding in B&M Bargains owner BME European Value Retail from 11% to 7% after placing £234m of shares last night. Plus, McColl’s CCO heads to Sainsbury’s and all the rest of the latest news from the City.
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NewsMedia Bites 14 January: Tesco, M&S, Caffè Nero, Ocado
Christmas results from Tesco and M&S get blanket coverage in this morning’s papers.
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NewsFruit lager Jubel seals £2.7m funding to back growth
Magners producer C&C Group, which already owns a minority stake in the brand, provided follow-on funding.
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Comment & OpinionAmazon vs Visa: why no-one is clucking in this game of corporate chicken
With just days to go until UK-issued Visa credit cards are no longer accepted as payment on Amazon.co.uk, there is still no sign of a resolution
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NewsBramble Foods undergoes MBO backed by private equity firm LDC
The minority investment from the PE firm will help accelerate organic growth and build scale through bolt-on acquisitions.