All Finance articles – Page 278
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NewsVeggie rice brand Fullgreen targets crowd cash after Covid sales uplift
The brand has launched a crowdfunding campaign on Seedrs, targeting £600k at a pre-money valuation of £2.2m
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NewsGunna hits £500k crowdfunding target
The business, which produces a range five low-sugar drinks, has so far raised almost £560,000 as the campaign continues to overfund
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NewsMunchFit launches £1m crowdfunding campaign for retail launch
MunchFit has already raised £800,000 from institutional investors and wealthy individuals, including Made in Chelsea star Spencer Matthews
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NewsCovid demand drives General Mills sales even higher
The US-headquartered group, which owns brands such as Cheerios, Nature Valley, Häagen-Dazs, Betty Crocker and Old El Paso, reported an 8% jump in net sales
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NewsDeal watchdog blocks Crowdcube and Seedrs merger over competition concerns
Following an in-depth phase 2 investigation, the Competition and Markets Authority (CMA) concluded in its provisional decision that the deal would reduce competition and innovation.
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NewsMedia Bites 24 March: Business rates, COVID/Retail, Carrefour
Retail bosses have lashed out at Treasury inaction on business rates
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NewsCity snapshot: Prices unexpectedly tumble in February as lockdown drags on
The rate of UK inflation has taken an unexpected fall in February as a result of continued discounting on clothes as retailers attempt to generate consumer interest as lockdown wears on. Food prices also fell again as the supermarkets battled it out over price.
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NewsLab-grown meat startup Meatable raises $47m to scale up production
The Dutch company showcased its first pork product in 2020 and is currently focused on the further development of cultivated pork and beef
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Comment & OpinionIs online grocery really the ‘under-penetrated’ market Deliveroo says it is?
Deliveroo has this week published its pre-IPO prospectus, which outlines its ambition to be ‘the definitive online food company’
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NewsGeneral Mills returns European Yoplait business to Sodiaal
The group has sold its 51% controlling stake in exchange for full ownership of the Canadain Yoplait business
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NewsCity Snapshot: McColl’s profits slide despite Covid sales boom
Strong customer demand during the coronavirus pandemic led to double-digit like-for-like sales growth at McColl’s last year, but consumer shift to lower margin products and investment in price hit profits
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NewsMedia Bites 23 March: Deliveroo, Mondelez/Grenade, exports, Kraft Heinz
The papers cast a cynical eye over Deliveroo’s £9bn valuation and also take a look at Mondelez’s move into healthier snacking with the Grenade deal.
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NewsMondelez adds to UK snacking portfolio with acquisition of Grenade
The terms of the deal were not disclosed but Mondelez’s significant majority stake is understood to have valued the protein bar supplier at around £200m.
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NewsMoju boasts UK first as VC arm of Danone leads £2.5m investment
It is the first investment in a UK-based business for Danone Manifesto Ventures, which launched in 2016 and backs innovative food and food-tech companies.
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NewsCity Snapshot: Deliveroo valued at up to £8.8bn in upcoming float
Deliveroo could be worth almost £9bn in its upcoming IPO after the food delivery service set its share price range higher than had been previously expected.
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NewsMedia Bites 22 March: Asda, Online sales tax, Deliveroo
Marks & Spencer food boss Stuart Machin has been singled out as a prime candidate to run Asda
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NewsCity News: Danone shares rise after it ditches chairman-CEO split plan
Earlier this month Danone had agreed to split the roles of chairman and CEO
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NewsSupermarket prices in deflation despite fall in imports from EU
The Grocer Price Index found that overall the big four’s prices fell back 0.2% year on year across February
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NewsEx Thorntons chair regrets sale to Ferrero
Ferrero this week said the remaining 61 Thorntons shops would not reopen when lockdown lifts next
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Analysis & FeaturesBrexit border check delay: are the extra months enough for food and drink?
The government extended the grace period for full border checks by another six months