All Finance articles – Page 230
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Analysis & FeaturesWhat does Kitwave Group’s IPO mean for the business and what comes next?
The family-owned business is only the second food and drink wholesaler to be listed from The Grocer’s Big 30
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NewsHiggidy profits hit record highs during Covid lockdown
Higgidy said awareness of the brand had grown while consumers were working from home
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NewsRapid grocer Fancy reveals UK expansion plan following Gopuff acquisition
Fancy offers products across several categories, promising delivery within 30 minutes
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NewsMedia Bites 11 May: THG, Greggs, Hotel Chocolat, Waitrose
The Hut Group is in focus this morning in the papers, alongside a flurry of other food and drink news.
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NewsCity Snapshot: “Encouraging” start for Morrisons but sales growth slows in Q1
Growth has slowed at Morrisons in its first quarter as society began to reopen and the supermarket started to lap its own figures from last year when panic-buying was in full force during the first national lockdown. Plus, Q1 figures from Coca-Cola Europacific Partners, THG acquire US beauty product manufacturer, the latest retail sales data from BRC-KPMG and the latest spending report from Barclaycard.
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NewsSmol raises $34m to expand DTC detergent startup
Smol, founded by two former Unilever directors, has raised $34m (£24.1m) in a funding round
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NewsHotel Chocolat shares soar on expectation of post-lockdown profits boom
Revenues at the business in the eight weeks to 25 April were 19% higher than two years ago
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NewsValeo acquired by PE giant Bain Capital
Current PE owner CapVest hired bankers at Goldman Sachs earlier this year to run an auction for Valeo, with a reported price tag of around £1.5bn
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NewsNutri-Genetix secures £50k on Dragons’ Den
The food tech brand, which claims to have developed the world’s first genetically personalised nutrition shake, secured the backing of Peter Jones and Touker Suleyman on the BBC One programme aired on 6 May 2021.
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NewsMedia Bites 10 May: Asda, Gousto, Tesco
Asda is to deliver groceries to customers when they are not at home in a major escalation of the supermarkets arms race for online shoppers.
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NewsCity Snapshot: Greggs profits from easing of lockdown as sales surge
Profits at Greggs look set to return to pre-Covid levels quicker than expected after sales at the bakery chain surged as shoppers flocked back to the high street in April. Plus, a trading update from Hotel Chocolat reveals a strong performance.
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NewsPlenish set for major retail push following acquisition by Britvic
Plant-based drinks maker Plenish is set to take on Alpro and Oatly as part of a major retail push by new owner Britvic following its acquisition this week.
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NewsRiverford Organic Farmers revenues rise on ‘phenomenal surge in demand’
Turnover at the Devon-based company jumped 13.5% to £75.7m for the 52 weeks to 30 April 2020.
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NewsCity News: AB InBev’s new top team will benefit from post-lockdown resurgences
AB InBev confirmed on Thursday that CEO Carlos Brito would step down after 15 years in charge, to be replaced by North America chief Michel Doukeris, amid a strong rebound of first quarter sales as coronavirus restrictions eased across key markets.
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NewsStraight & Narrow seeks £100k from crowd ahead of ‘disruptive’ low & no launch
The brand is pushing for funding to launch a 13-strong range of non-alcoholic spirits
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NewsCity Snapshot: Kitwave unveils £105m IPO on London’s junior market
Wholesaler Kitwave has announced it will join the London Stock Exchange in a move valuing the company at £105m. Plus, shoppers return to the high street as Covid restrictions eased and non-essential stores reopened, according to latest footfall data.
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NewsWaitrose defends rates relief as it posts record profits
Waitrose posted record levels of profits last year as sales boomed during a period in which it benefited from business rates relief.
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NewsMedia Bites 7 May: Sainsbury’s, AB InBev, Beyond Meat
Sainsbury’s has hired the former boss of John Lewis Paula Nickolds to take charge of its £7.8bn clothing and general merchandise arm.
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Comment & OpinionWhy Britvic is better late than never in plant-based thanks to Plenish deal
Britvic may be trailing behind Coca-Cola and PepsiCo in the plant-based trend, but snapping up a startup could prove a wise move
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NewsBanquist secures £1.6m to grow its Michelin star recipe kit service
Launched in May 2020 during the height of the UK’s first coronavirus lockdown, Banquist generated £1m turnover in its first six months as consumer demand for recipe kits soared.