All Finance articles – Page 293
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NewsCity snapshot: Total Produce and Dole to float on US stock market
Fruit and veg supplier Total Produce has agreed to combine with Dole Food Company to created the largest fresh producer in the world with revenues of almost $10bn. Plus, profits jump at BAT despite Covid disruption; Nestlé sells North American water brands for $4.3bn; Imperial Brands appoints a CFO; Ahold Delhaize 2020 sales soar thanks to pandemic; and Ohso Chocolate acquired by VC firm.
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NewsLucky Saint secures £3.5m investment following year of strong growth
Lucky Saint will use the funds to increase brand awareness and drive trial within retail, as well as investing in people and marketing
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NewsRedefine Meat raises $29m to bring 3D printed meat to market
The series A funding round will see the Israeli company’s products launch in Europe, followed by Asia and North America
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NewsVirgin Wines announces £100m London float
The fast-growing wine importer and distributor expects its shares to be admitted to London Stock Exchange’s AIM on or around 2 March
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NewsCity snapshot: Kerry reports ‘strong recovery’ as year-end sales return to growth
Irish food and nutrition supplier Kerry Group has posted a 4% drop in annual sales in 2020, which it said representing a ‘strong recovery’ since April with improvements in its taste & nutrition and consumer foods divisions.
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NewsMedia Bites 16 Feb: Virgin Wines, Coke, Mitchells & Butler
Home delivery wine retailer Virgin Wines has announced plans to list on the stock market next month after enjoying booming demand amid the pandemic.
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NewsJJ Foodservice bucks wholesale trend with sales increase in 2020
Wholesaler put the success down to its ability to diversify its offer at the beginning of the first UK-wide lockdown
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NewsUbamarket readies mass rollout of hospitality app following £3m raise
Company has hired four members of staff to focus on integrating it’s scan and go app with more retailer point-of-sale systems
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NewsCity snapshot: Coca-Cola European Partners sweetens offer for Coke bottler Amatil
Coca-Cola European Partners has sweetened its offer for Asia-Pacific Coke bottle Coca-Cola Amatil to reflect an improvement in global trading conditions. Plus, Kerry Group reveals plans to buy Spanish biotech firm, Jim McCarthy steps down as Wynnstay chairman and Ultimate Products acquires German kitchen electrical brand Petra.
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NewsMedia Bites 15 Feb: Deliveroo, Brexit exports, Patisserie Valerie
Deliveroo is continuing its march into groceries with a major expansion of services across the UK
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NewsOcado’s booming retail sales received short shrift from the City
Where are the customers?” asked one broker as Ocado’s booming retail sales failed to impress investors
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NewsLotus plots global growth drive for UK brands with new international division
Nakd and Bear owner Lotus Bakeries is to set up a dedicated international hub for its UK brands make a concerted push to grow their global distribution.
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NewsCity snapshot: Symington’s hires advisors as it eyes £100m sale
The private equity owners of Leeds-based food group Symington’s have hired bankers to explore sales options. Plus, Kraft Heinz sells nuts business to Hormel Foods for $3.4bn, PepsiCo boosted by at home snack consumption and all the rest of the latest news from the City
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NewsMedia Bites 12 Feb: Kraft Heinz/Planters, Asda, Marston’s
Kraft Heinz has agreed to sell its Planters peanuts and snacks business to Hormel Foods for $3.35bn as it seeks to shore up its balance sheet and boost growth
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NewsSymington’s private equity owner explores sale options
Chicken Tonight owner Symington’s has hired advisors to explore sale options following a successful turnaround
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NewsCMA gives Diageo the green light to complete Chase acquisition
UK regulators have cleared Diageo’s acquisition of Chase Distillery after concluding the deal will not result in a “substantial lessening of competition”.
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NewsArla shrugs off foodservice sales plunge as branded revenues soar
Many consumers turned to cooking and baking under lockdown, helping to boost sales of Arla’s global brands Lurpak, Arla and Puck
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NewsMedia Bites 11 Feb: Coca-Cola, Heineken, SSP Group, Sainsbury’s
Coca-Cola’s sales dropped 5% in the final quarter of 2020, as a resurgence of coronavirus cases prompted renewed curbs on restaurants and bars.
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NewsCity snapshot: CCEP posts double digit drop in annual sales amid out-of-home slump
UK and European Coke bottler Coca-Cola European Partners has reported an 11% drop in annual sales as its away from home volumes have plunged by more than a quarter
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NewsWarburtons invests in The Artful Baker as Batch Ventures gets off the ground
Warburtons has backed biscuit producer The Artful Baker in the maiden investment as part of its Batch Ventures bakery innovation fund.