All Finance articles – Page 286
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NewsMedia Bites 30 March: Deliveroo, Wetherspoon, High Street
Deliveroo has set the final price for its initial public offering at £3.90 a share, the bottom of its initial range and valuing the food delivery company at £1.3bn less than the top end of its original expectations.
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NewsNomad expands frozen empire with Fortenova acquisition
Nomad Foods has agreed to acquire Fortenova’s Central and Eastern European-focused frozen food business for a total of €615m
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Comment & OpinionWhat does the CMA merger block mean for Seedrs and Crowdcube?
It’s hard to argue with the competition watchdog’s contention that a tie-up of the crowdfunding platforms would have lessened competition
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NewsYoung’s and Karro owner Eight Fifty Food Group acquired by Sofina Foods
Eight Fifty had been tipped for an IPO in the coming months to give the PE house, which also owns Valeo, an exit, but The Grocer understand Sofina swooped in ahead of the planned flotation
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NewsLivekindly raises $535m in its first year as it aims to be biggest in plant-based
With the latest funding round, Livekindly said it had become one of the top three highest-funded and fastest-growing plant-based food companies in the world.
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NewsWarburtons backs Insane Grain in second Batch Ventures investment
Insane Grain will use the £250,000 Batch investment to scale growth, including supporting its first major supermarket listing into the Sainsbury’s Future Brands bay
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NewsCity snapshot: LXi REIT buys grocery sites for £85m
Property investor LXi REIT has purchased six grocery assets for £85m, including Lidl, Aldi, Tesco and Co-op stores. Plus, Domino’s continues Nordic exit with sale of Iceland business, and Wynnstay completes reorganisation with appointment of commercial sales and marketing director.
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NewsMedia Bites 29 March: Deliveroo, Asda, Valeo
Deliveroo is poised to swerve around doubters in the City and roar towards a blowout float this week
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NewsCity News: McColl’s sales fail to flow to bottom line
The chain’s total sales for the 53 weeks to 29 November were up 3.2% to £1.26bn
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NewsGrenade: ‘Mondelez takeover will supercharge us’
Grenade has set its sights on conquering the world with the backing of its new owner, US confectionery giant Mondelez.
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Analysis & FeaturesDeliveroo: is it really worth £8.8bn?
Can the business – which is still operating at a loss despite a major boost in home deliveries during the pandemic – be worth investing in post-Covid?
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NewsMedia Bites 26 March: Deliveroo, Business rates, Compass Group
A host of Britain’s biggest fund managers have snubbed Deliveroo’s stock market float amid growing concern over the treatment of its workers
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NewsCity snapshot: Parsley Box valued at £84m ahead of London float
DTC ready meal maker Parsley Box has raised £17m in an IPO, valuing the business at £84m as it gets set to join the London exchange’s junior AIM market.
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NewsCity Snapshot: Margins improve at Compass Group despite revenue slump
Compass has announced a continued improvement in profit margins despite an ongoing slump in revenues as the coronavirus outbreak continues to hit sales across its business.
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NewsMedia Bites 25 March: John Lewis, Deliveroo, Brexit/meat exports
The papers turn the spotlight on John Lewis’ decision to close down another eight stores.
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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.