All The Grocer articles in 18 December 2021 – Page 13
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City snapshot: Greencore returns to profit on food to go recovery
Food to go specialist Greencore has returned to profit as revenues recovered due to the relaxation of Covid restrictions. Plus, updates from Treatt, Marston’s and all the rest of the latest news from the City.
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Media Bites 30 November: AG Barr, Asda, Omicron variant, SSP Group
AG Barr, Asda and the new Covid variant all come under the media glare this morning.
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Asda charters cargo ship to shore up Christmas supply
Asda has chartered its own cargo ship to protect the availability of key festive products including decorations, toys, clothing and gifts
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Irn-Bru maker AG Barr’s shares fizz higher on profits upgrade
The group continued to benefit from the return of trading with the hospitality industry and consumers drinking out of the home again.
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Face mask rules: retailers ‘extremely concerned’ about abuse of staff
ACS CEO James Lowman said retailers would not challenge shoppers breaking the rules
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Hofmeister mascot George the Bear returns as brand launches £600k funding round
It had ‘spotted a clear gap in the market to catapult a Bavarian beer to the same level of success seen by its counterparts from other European countries’, Hofmeister said
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Eco-cleaning brand Neat lands at Tesco
The listing exemplified Tesco’s desire to ‘encourage shoppers to make sustainable swaps’, said Neat
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Tideford Organics appoints new head of sales and marketing manager
It has appointed Russ Fowlkes, formerly of Panesar Foods, and Christine Forrest, formerly of Pasta King
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Bol gets major range refresh with round of new recipes
The plant-based brand has added seven new SKUs
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Media Bites 29 Nov: Asda/EG Group, Black Friday, Gail’s Bakery
The billionaire Issa brothers are weighing up a merger of Asda and their petrol station business EG Group, which would value the combined business at £26bn
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City Snapshot: McColl’s expands Morrisons Daily conversion programme
Embattled McColl’s Retail Group has agreed an extension with wholesale partner Morrisons to convert a further 100 of its stores to the Morrisons Daily fascia. Plus, AG Barr upgrades full-year profit expectations as recovery continues.
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City News: Market cautious on Cranswick despite first-half sales growth
Meat giant Cranswick brushed off falling sales of its core pork products this week to post first-half sales growth thanks to category expansion, but investors remain wary of butcher shortages, capacity constraints and falling sales to China.
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Inflation and supply chain chaos slowing M&A activity
The uncertainty around ongoing pricing negotiations with retailers, availability of labour and difficulties sourcing packaging have led to buyers becoming more cautious
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Graze battles fall in impulse while DTC business drops again
Bought by consumer giant Unilever in February 2019 as a DTC play, Graze was not able to offset the loss of sales in impulse
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Tonic wine Buckfast hits the buffers as Covid dampens demand
Newly filed accounts for Buckfast distributor J Chandler & Co show sales reversed by 10.8% in the year to 31 March 2021
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Iceland launches plastic bag collection service with Food Warehouse deliveries
Drivers will collect the bags and take them back to Food Warehouse stores
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Lidl GB appoints Ryan McDonnell CEO as Christian Härtnagel moves to Germany
Härtnagel has been appointed CEO of Lidl Germany, a role he will start on 1 March next year, after more than five years at the helm of the British business
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Champagne sales rocket by a third as in-person gatherings return
Brits bought the equivalent of an extra 2.3 million litres
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Plant-based products blasted for ‘unnecessarily high’ levels of salt
Campaign group Action on Salt has called for manufacturers and government to act
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Kitwave profits better than expected as Covid recovery gains momentum
Kitwave has upgraded profit expectations as trading recovered to pre-pandemic levels and the wholesaler escaped the worst of the HGV driver crisis