All Finance articles – Page 231
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NewsMedia Bites 22 July: Pingdemic, M&S, BrewDog, Asda
Supermarkets apologised for empty shelves in stores yesterday amid warnings that the “pingdemic” was putting a strain on supply chains.
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NewsCoca-Cola ups guidance on strong second quarter rebound
Soft drinks giant Coca-Cola has upped its full year guidance as sales roared back in its second quarter as coronavirus restrictions have eased across the globe
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NewsMomentum gathers at Vimto owner Nichols as lockdown ends
Vimto maker Nichols is seeing good momentum returning to its out-of-home business thanks to the easing of lockdown restrictions, hot weather and demand driven by England’s performance at the delayed Euro 2020.
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NewsStruggling Typhoo Tea ‘secures major investment’ in private equity deal
Private equity investor Zetland Capital has taken a majority stake in Typhoo Tea as the brand battles to turn around years of losses and the structural downturn of the black tea market
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NewsWilton London passes £400k funding target
Wilton plans to use the funds to support new product and team development as well as acquisition marketing to bolster its e-commerce offering
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NewsMedia Bites 21 July: Morrisons, Fever-Tree, Grocery market share
US private equity firm Clayton Dubilier & Rice is working on another bid for Morrisons in a sign that the battle to buy the supermarket chain is far from over
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NewsFreshways and Medina Dairy complete long-awaited merger
The combined business will be called Medina Freshways, with the deal expected to be completed by the end of the year
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NewsCity Snapshot: Vimto maker Nichols returns to sales and profits growth as Covid restrictions end
Revenues and profits have returned to strong growth at soft drinks supplier Nichols thanks to the easing of lockdown restrictions and continued demand for the Vimto brand. Plus, Bakkavor reports ready meals and other prepared foods back at pre-pandemic levels.
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NewsParsley Box boss Kevin Dorren confident in long-term growth of DTC model
Parsley Box CEO Kevin Dorren told The Grocer he is confident about the long-term viability of the DTC model in the face of investor scepticism.
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NewsJTF Mega Discount Warehouse collapses with 500 job losses
The variety discounter had 12 stores in the midlands and north of England
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NewsCheeky Panda unveils IPO ambitions as £2.5m crowdfunding campaign closes
The company, which is this week bringing a £2.5m crowdfunding campaign on the Seedrs platform to a close, said it planned to float on the London market in the next 24 months.
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NewsCity snapshot: Apollo in talks to join Fortress’ Morrisons bid
Apollo Global Management is in talks to join the Fortress Investments-led consortium bidding to buy Morrisons and will not make its own approach for the supermarket.
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NewsMedia Bites 20 July: Freedom Day, Ocado, Johnson & Johnson
The papers focus on yesterday’s ‘Freedom Day’ this morning, including the global stock market sell-off and the ongoing ‘pingdemic’.
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Comment & OpinionIt’s freedom day, but Delta still spells trouble for the food sector
Hospitality can finally throw off its shackles – but today hasn’t been the all-out celebration the PM had been hoping for
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NewsEagle Eye boosted by retail reopenings
Grocery tech firm Eagle Eye has enjoyed a strong end to the year as the lifting of Covid restrictions helped customers such as Pret a Manger increase transactions. Group revenues rose 12% to £22.8m in the year ended 30 June, with adjusted EBITDA up 28% to £4.2m, ...
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Media Bites 19 July: Ocado, Morrisons, PMI
Ocado has cancelled thousands of orders after a fire at a fulfilment centre in south-east London on Friday
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NewsCity Snapshot: Parsley Box sales soar in H1 but board warns of slowdown as Covid restrictions end
Revenues at DTC meal delivery firm Parsley Box have soared following its IPO earlier this year as the pandemic continued to drive the number of customers using the service to record levels. However, its shares have tanked 20% this morning on worries over the long-term sustainability of the DTC model as Covid restrictions are fully lifted in the UK.
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NewsCity News: Tate & Lyle’s long-awaited split gets tepid investor response
Another week, another US private equity giant snaps up a UK-listed asset
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NewsWeetabix benefits from Covid breakfast boom to see sales rise
A resurgence of breakfasting during the pandemic helped Weetabix grow sales and profits last year, though pantry loading and reduced on-the-go consumption have hit volumes so far in 2021
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NewsFarmdrop sinks further into the red despite soaring pandemic sales
Fresh produce delivery service Farmdrop lost a further £10m last year despite a spike in sales during the pandemic, leading its auditor to warn it requires significant funding to continue