All Finance articles – Page 6
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Analysis & FeaturesWhat Stuart Rose brings to EG Group
Analysts have welcomed the appointment of the former Ocado chairman and CEO of M S
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News
City Snapshot: Pots & Co receives £15m boost from General Mills’ venture arm
Posh pudding brand Pots & Co is eyeing a scale-up of its US operations and expansion of its savoury ranges after receiving multimillion-pound backing from the venture capital arm of food giant General Mills.
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News
Media Bites 29 Jan: Diageo, Lidl, Mondelez
A tequila boom in the US drove up sales at Diageo, helping the world’s largest distiller defy expectations of falling revenues
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News
City snapshot: US growth boosts Diageo despite pandemic hit to travel sales
Global spirits giant Diageo has shrugged off the closure of pubs and bars across the world and a slump in travel retail to post a rise in organic sales. Plus trading updates from Fever-Tree, Britvic, Tate & Lyle and all the rest of the latest news from the City.
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News
Media Bites 28 January: Valeo, Poundland, Imperial Brands, Boots
Valeo has reportedly appointed Goldman Sachs to launch an auction that could fetch more than £1.5bn and cement its status as one of Europe’s biggest privately owned food producers.
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Comment & Opinion
Beyond Meat and PepsiCo’s Planet Partnership has big mutual benefits
The new company will combine Pepsi’s marketing expertise and commercial heft with Beyond’s plant protein savvy
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News
Square Root to launch £350k crowdfunding drive
It will offer up 7.2% of its equity, giving the business a pre-money valuation of £4.5m
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News
Hippeas closes $50m funding round
The money from The Craftory will be used to increase production capacity, boost distribution and continue with product innovation, as well as bolstering the business’ sustainability credentials.
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News
Media Bites 27 Jan: PespiCo/Beyond Meat, Greencore, PZ Cussons
Pepsico is to take a step beyond fizzy drinks and snacks into the plant-based meat sector after signing a joint venture with Beyond Meat
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News
City snapshot: Shop prices tumble as lockdown drags on
Shop prices have fallen by 2.2% this month as retailers desperately tried to entice consumers to spend money online as lockdown restrictions continued, according to the latest shop price index by the British Retail Consortium and Nielsen.
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News
PepsiCo creates plant-based joint venture with beyond Meat
PepsiCo has teamed with Beyond Meat to take advantage of the booming meat alternatives market and develop a host of new plant-based snacks and drinks.
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News
Virtue Drinks scores investment from Chris Smalling
It’s the sixth investment Smalling has made in the past year, with four in the food and drink space and a focus on sustainable and ethical brands, such as Allplants, This, Livia’s and plant-based dog food start-up The Pack.
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News
Dhamecha Cash & Carry buys Leyton depot from TRS
The site in East London is set to become Dhamecha’s 10th cash & carry
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News
Hun beats £400k funding target as investors flock to canned wine brand
The business, which is backed by Waitrose CEO James Bailey, plans to overfund to £600,000 after raising more than £450,000 from 140 investors following the pitch going live on the Seedrs platform.
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News
City snapshot: New coronavirus lockdown measures send Greencore sales down 15%
Greencore has reported a 15% drop in first quarter sales due to the impact of new Covid restrictions. Plus, trading updates from PZ Cussons, AG Barr and more.
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News
Media Bites 26 January: High Street, Morrisons, Greenpeace
The papers focus on the troubles on the high street after Boohoo acquired Debenhams online business and Asos circles Topshop.
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News
Central England Co-op reports 9.2% growth in festive sales
New Year’s Eve saw the biggest jump with an 11% sales hike
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News
City snapshot: Sainsbury’s and Waitrose sites bought for £65m
Supermarket Income REIT has snapped up a Sainsbury’s and a Waitrose store for £64.8m. Plus, Tesco sets general meeting date to vote on £5bn special dividend from Asia sale.
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News
Media Bites 25 Jan: John Lewis Partnership, Business rates, Sainsbury’s
The John Lewis Partnership is under increasing pressure to hand back millions of pounds of business rates relief after revealing that it performed better than expected at the end of last year
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News
City News: Premier Foods share price resurgence levels out
The resurgence in Premier Foods share prices stalled somewhat this week, despite yet more stellar branded growth, as the City began to question how long its sales boom can continue.
