All Finance articles – Page 264
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NewsPerkier to bulk up snack bar brand after smashing crowdfunding target
Founder Ann Perkins started the business following a long career in the food industry, including 12 years at Heinz Healthy snack bar start-up Perkier has beaten a £400k crowdfunding target in the first week of its campaign. The plant-based challenger brand has currently raised almost £470k from ...
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NewsCity snapshot: McBride issues profits warning on rising costs
Household goods manufacturer McBride has slashed its earnings expectations by up to 65% as mounting input and transportation costs hit its bottom line.
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NewsMedia Bites 19 August: Nando’s, Philip Morris, Carlsberg
The papers examine the crisis causing chaos in the food industry supply chain.
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NewsMedia Bites 18 Aug: Nando’s, Just Eat Takeaway, Grocery market share
Nando’s has been forced to shut restaurants and reduce hours at some after its chicken deliveries were hit by a nationwide shortage of lorry drivers
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NewsCity Snapshot: Carlsberg upgrades profits forecasts as sales recover post-lockdown
Carslberg is the latest brewing giant to report a strong recovery throughout 2021 as pubs and bars reopened following long periods of lockdown.
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NewsJersey Hemp smashes crowdfunding round in bid to take its CBD range mainstream
CBD producer Jersey Hemp has smashed a £1.1m crowdfunding target to help fuel ambitious expansion plans.
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NewsOatly sales soar in Q2 on plant-based demand but losses widen
Oatly Group has revealed a more than 50% jump in revenues for the second quarter on the back of “growing global demand” for its range of oat-based products.
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Comment & OpinionM&A activity in plant-based is soaring, with huge price tags to match
We believe investors will continue to pay high valuations for the right plant-based assets until the landscape is more consolidated, says James Scallan, consumer, food & retail group MD at Houlihan Lokey
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NewsGrocery sales fall as pre-pandemic shopping behaviour returns
With the end of social distancing restrictions people have been happier to head into stores to make more regular, smaller shops, according to Kantar
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NewsMedia Bites 17 August: Oatly, Morrisons, Post Office
Swedish oat milk maker Oatly has forecast a near two-thirds jump in annual revenues on the back of the alternative dairy boom.
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NewsSimtom Food Products calls in administrators as Covid takes toll
Indian sauces manufacturer Simtom Food Products has collapsed under the weight of disruption caused by the Covid pandemic, with almost 100 workers losing their jobs.
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NewsMedia Bites 16 Aug: Morrisons, Pret A Manger, Asda
The American private equity firm that first put Wm Morrison in play is gearing up to trump a rival £6.7 billion offer for the British supermarket chain this week and to persuade its target’s board to change its recommendation. (The Times £) Talks to get the US ...
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NewsCity Snapshot: Heck in search for new investment partner to fuel next stage of growth
Heck has engaged advisors to help explore strategic options as the premium sausage supplier aims to continue its rapid growth. Plus, US private equity giant CD&R is widely expected to table a sweetened offer for Morrisons this week as the takeover battle for the supermarket ramps up.
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NewsCity News: Deliveroo bounces back from ‘worst IPO in London’s history’
The shares were heavily backed on Monday after it emerged German rival Delivery Hero had built a 5.1% stake in Deliveroo
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NewsFast-growing Heck hires advisors to seek investment options
Spayne Lindsay has sent an information memorandum marketing the business to potential buyers and investors
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Analysis & FeaturesWhat the Newlat acquisition means for Symington’s
The Italian group has snapped up UK’s Symington’s in a £53m deal. What are its plans?
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NewsIngredients giant Olam plans listing on London Stock Exchange
A major £6.6bn global food ingredients giant will list on the London Stock Exchange next year to boost its worldwide growth plans
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NewsCity snapshot: Food ingredient giant OFI picks London for primary market IPO
Olam Food Ingredients will demerge from Indonesian agri giant Olam International and seek a listing in London, as well as a secondary listing in Singapore, in early 2022.
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NewsMedia Bites 13 Aug: Philip Morris/Vectura, Stock Spirits, Pret a Manger
The board of UK inhaler maker Vectura has agreed to support a £1bn takeover bid from cigarette company Philip Morris International after a fierce bidding war
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NewsGopuff acquires rapid on-demand grocer Dija to boost European presence
The deal comes just months after Gopuff acquired Fancy, a rapid delivery platform providing consumers with groceries in 30 minutes