All Finance articles – Page 414
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NewsBlack Bee Honey smashes fundraising target as it targets big four listings
British raw honey producer Black Bee Honey has raised over £120k to underpin its growth ambitions, secure listings within the mainstream grocers and develop new product ranges.
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NewsThe Lakes Distillery raises a further £2.1m of growth capital
The Lakes Distillery has raised a further £2.1m from investment manager Gresham House Strategic to fund its global growth ambitions move forwards its plans for the public listing.
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Comment & OpinionTacon’s exit announcement will surely make suppliers nervous
The Groceries Code Adjudicator plans to put systems in place at the retailers she polices
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NewsBidfood to relaunch Punjab Kitchen as Simply Puree
The acquisition took place in January but was only confirmed by Bidfood’s South African parent company Bidcorp last month
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NewsCity snapshot: Carrefour sells Chinese retail business in €1.4bn deal
French retail giant Carrefour has announced it has agreed to sell its operations in China to Chinese retail group Suning.com in a €1.4bn deal. Plus, franchise retailer Cake Box has delivered 33% sales growth in its inaugural year as a listed business and all the rest of the latest news from the City.
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NewsMedia Bites 24 June: Patisserie Valerie, Waitrose, Sainsbury’s
Five people have been arrested over the Patisserie Valerie affair as the scandal over the chain’s collapse deepens.
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NewsCauli Rice maker Fullgreen in funding push for US expansion
Alternative rice producer Fullgreen has launched yet another fundraising round to underpin its push into the US and compete in the booming free-from sector.
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NewsEdrington annual sales soar on booming demand for premium brands
Scottish spirits stalwart Edrington reported an “industry-leading” rise in annual revenues on the back of soaring demand for its premium-end whisky.
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NewsM&S and Ocado shares hit by Tesco Finest possibility
Tesco CEO Dave Lewis may have only made brief mention of the possibility of Tesco creating an upmarket convenience store offering, but the City quickly took it as a threat to Marks & Spencer and Ocado’s new partnership.
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NewsExponent confirms deal to buy Asian food wholesaler TRS
Private equity player Exponent has confirmed a deal to acquire specialist Asian food wholesaler TRS Foods as it readies a consolidation push.
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NewsKarro Food Group losses continue to grow under CapVest
Newly filed accounts in Companies House show pre-tax losses for the year to 29 December 2018 rose to £9.2m…
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NewsTurkish food importer TFC buys London-based wholesaler Starburger
TFC Holdings London has snatched catering sector wholesaler Starburger for an undisclosed sum, completing what it described as its “first major acquisition”.
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NewsMeatsnacks Group slips further into red before buyout
The maker of Wild West Jerky, Hogbites Pork Crackling and Bundu Biltong reported a rise in pre-tax losses to £584k in the previous financial year
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Analysis & FeaturesWhat does a no-deal in October mean for food and drink?
And amid the Conservative leadership race, have government department preparations stalled?
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Analysis & FeaturesBritish beef back on sale in China after 23 years
It comes more than two decades after a ban was imposed at the height of the BSE crisis
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NewsCity snapshot: Cost inflation and weak pork market drive losses at Karro
Losses continued to mount at pork giant Karro Food Group in its first full year under CapVest ownership, plus all the rest of the latest news from the City.
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NewsMedia Bites 21 June: Domino’s Pizza, Brexit, Kraft Heinz
Domino’s Pizza Group is in advanced talks to replace its chief executive amid unrest among its British franchisees and a disappointing recent share price performance, according to Sky News.
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NewsMorrisons promises no job losses in transfer of staff to Wincanton
The retailer is outsourcing its transport department at three sites and five vehicle maintenance departments
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NewsUK retail sales dip in May as rain dampens growth
UK retailers saw sales fall back last month as April’s record-breaking temperatures gave way to wetter weather in May.
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NewsKroger suffers first quarter earnings slump
Kroger, the largest pure-play grocery chain in the US, has posted a 62% slump in profits for the first quarter of 2019, due to lower gains on business sales and lower gross margins in its pharmacy business.