All Finance articles – Page 322
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NewsCity snapshot: Just Eat Takeaway to acquire Grubhub to create global delivery giant
The online delivery company will buy the US-based business for $7.3bn, in a move that will create the largest online food delivery company outside of China
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NewsMedia Bites 11 June: Ocado, Just Eat/Grubhub, Morrisons
The surge in online food shopping has prompted Ocado to tap investors for £1bn to build more of its robotic warehouses
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NewsOcado launches £1bn funding drive to capitalise on online shopping boom
Ocado is seeking to raise more than £1bn to capitalise on the boom in online grocery shopping brought about by coronavirus.
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NewsBeyond Meat promises NPD and cheaper products as Dutch factory opens
The US plant-based giant has also acquired a second Dutch site dedicated to innovation
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NewsFood and drink trade groups urge government to rethink food strategy
The proposals claim successive governments have overseen a gradual decline in the UK’s self-sufficiency
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NewsCoronavirus: Government approves only one in 10 Future Fund applications
The British Business Bank revealed £55.9m worth of convertible loans had been approved since the fund opened on 20 May, despite receiving applications worth £515m on the first day of opening
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NewsDivine Chocolate CEO Sophi Tranchell leaves the business
Tranchell is departing after helping to secure a new owner for Divine to ensure it was ‘left in good hands and well-supported for the future’
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NewsMission Ventures takes on seven startups to tackle childhood obesity
Mission Ventures will help seven brands at different growth stages tackle childhood obesity through an accelerator programme providing support and funding
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NewsMedia Bites 10 Jun: Hovis, Uber Eats, BAT
Hovis shareholders prepare to offload the business, Uber Eats abandons plans to own kitchens and BAT warns of profit drop following lockdown
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NewsCity snapshot: Restaurant Group to close 125 Frankie and Benny’s sites via CVA
The Restaurant Group has announced its intention to close 125 Frankie and Benny’s restaurants and seek rent reductions for a further 85 sites after instigating a company voluntary arrangement.
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NewsWest Berkshire Brewery smashes £750k crowdfunding target
The company raised over £765k from 555 investors, despite the coronavirus pandemic impact on the hospitality industry
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NewsFreaks of Nature invests £1m to scale up capacity and keep up with demand
The move comes as production volumes for the first quarter of the year jumped 100%, despite being held back by the impact of the coronavirus pandemic
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NewsBakkavor jobs at risk as supplier plans changes at Lincolnshire base
The prepared foods giant has revealed plans for major operational changes at the site, where it operates two salads factories, two meals factories and a distribution centre.
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NewsEustice and Truss move to reassure MPs over US chlorinated chicken
It follows reports the UK was ready to accept US imports of lower-standard food under a proposed ‘dual tariff’ regime
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NewsAldi confirms immediate supplier payment terms will continue until at least September
The discounter said no end date had been set for the emergency terms and they could last beyond September
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NewsCity snapshot: BAT lowers guidance despite ‘resilient’ lockdown performance
British American Tobacco has reported a resilient performance despite the effects of the coronavirus outbreak, with “strong” trading in developed markets
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NewsMedia Bites 9 June: Retail sales, Tesco, Iceland
Hopes for an economic rebound have been lifted by signs that the collapse in retail sales may be short-lived
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NewsCo-op’s Steve Murrells uses AGM to call for increased co-operation
Co-op CEO Steve Murrells has called for co-operation to become “business as usual” to build a stronger and fairer society as the UK emerges from the coronavirus lockdown.
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NewsVeganuary co-founder Matthew Glover launches vegan investment fund
Vegan entrepreneur Veganuary co-founder Matthew Glover has launched launch of a not-for-profit investment venture to help fund growth companies in the plant-based food space.
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Comment & OpinionThe Sunday trading debate has resurfaced. Would relaxation really help?
Opposition to the idea is likely to be as fierce, if not more so, than ever before