All Finance articles – Page 268
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Comment & OpinionClock is ticking for Ocado after another investor show of faith
Ocado has assured investors this will be the last time it seeks cash before turning profitable
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NewsHonestly Tasty to take vegan cheese mainstream with backing from Veg Capital
Honestly Tasty will put the funds to work to accelerate its NPD pipeline, which includes a cultured hard cheddar that melts like the real thing, alongside stilton, feta and Wensleydale alternatives.
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NewsMedia Bites 22 June: Kellogg, Ocado, Supermarket sales
Kellogg, the American food group behind Rice Krispies and Pringles, will become the latest US heavyweight to break itself up in an attempt to boost growth
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NewsCity Snapshot: Soaring food prices drive up UK inflation rate in May
Rising food and drink prices were the biggest driver of an uptick in inflation last month, according to new figures this morning. Plus, Carslberg CFO resigns and Unilever appoints Royal FrieslandCampina CEO as a non-exec.
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NewsKellogg’s announces radical overhaul with three-way split of global business
Kellogg’s is set to split itself into three separate companies as part of a radical overhaul and a focus on snacking to drive growth at the group
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NewsOcado taps investors for £578m to boost global tech rollout
Ocado has raised £578m via a discounted share placement to boost the rollout of its technology amid the global shift to online grocery.
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Comment & OpinionMondelez’s Clif Bar move shows UK confectioners are taking nutrition seriously
As HFSS clampdowns loom, Mars and Ferrero have also made moves into healthy snacking
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NewsThe Kay Group sees sales soar 25.3% thanks to convenience offer
Resultsposted on Companies House show sales hit £144.9m for the year to 31 October 2021
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NewsMondelez International expands healthier snacking portfolio with $2.9bn Clif takeover
The deal expands the Cadbury owner’s snack bar business to more than $1bn following previous complementary takeovers of performance nutrition brand Grenade in the UK and refrigerated snacking player Perfect Snacks in the US.
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NewsCity snapshot: Supermarket sales show recovery amid soaring inflation
Supermarket sales fell by 1.9% over the past 12 weeks, despite inflation soaring to its highest level since 2009. Plus Ocado raises £578m from new share placing.
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NewsMedia Bites 21 June: Ocado, inflation, Primark, M&S
There is plenty going on in today’s papers from a fresh injection of capital at Ocado to ABF kicking off a digital trial at Primark.
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NewsAgronomics takes 47% stake in biotch firm Liberation Labs
London-listed cellular agriculture group Agronomics is amongst the early-stage backers of biotch firm Liberation Labs
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NewsRococo Chocolates rescued in £100k pre-pack deal by Gruppo Illy company
Established on the King’s Road in London in 1983 by Chantal Coady, Rococo struggled to cope during the pandemic, despite a significant increase in online sales throughout lockdown.
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NewsCity Snapshot: ABF sales soar on food price increases and Primark reopening
Group revenues at ABF increased 32% to £4bn as all Primark stores reopened following the ending of lockdown restrictions and it hiked prices in its grocery and ingredients divisions. Plus, Deliveroo appoints a new CFO.
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NewsMedia Bites 20 June: Boots, Tesco, Asda
The protracted auction of Boots is at risk of falling apart as debt markets seize up and buyers grow nervy amid a consumer downturn
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NewsCity News: WH Smith buoyed by boosted airport sales as travel sector rebounds
WH Smith shares were buoyed by sales surpassing 2019 levels for the first time since the start of the pandemic
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NewsLittle Cooks kicks off £750k funding drive to back ‘HelloFresh for kids’ concept
The business, founded by Helen Burgess in 2017, will use the funds to grow beyond its monthly subscription boxes of home baking and cooking kits, which are designed to help children and parents engage with healthy eating.
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NewsFerrero UK sales soar by £40m as shoppers seek boxed chocs
Revenues for the UK and Irish operations increased 10.3% to £450.1m in the year ended 31 August
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NewsCity snapshot: Tesco sales fall back amid “unprecedented” cost of living increases
Tesco’s core retail sales fell back in its first quarter as CEO Ken Murphy warned of the impact of “unprecedented increases in the cost of living”.
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NewsMedia Bites 17 June: Interest rates, THG, Revlon
The main news in the papers is the latest rise of interest rates by the Bank of England and the subsequent crash in global markets.