All articles by Ed Devlin – Page 100
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NewsConfectionery manufacturer Bon Bon Buddies winds up
Confectionery manufacturer Bon Bon Buddies has voluntarily wound up the business after being placed into liquidation by its creditors
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NewsCapVest set to win IPN auction
Capvest has seen off competition from Cranswick as well as fellow private equity players Ontario Teachers and Bridgepoint
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NewsMedia Bites 17 December: Asda, Brexit, sherry
The Issa brothers have drafted in advisers to prepare a £1.2bn sale and leaseback of Asda’s distribution centres ahead of their £6.8bn takeover of the supermarket chain.
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NewsCity snapshot: Falling food prices push inflation back in November
A drop in food and non-alcoholic drinks prices as England went into a second lockdown has contributed to a significant fall in the UK inflation rate in November, according to official figures. Plus, British American Tobacco is ready to test its Covid vaccine on humans.
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NewsMedia Bites 16 December: Pay gap, Ocado, Brexit
Online grocer Ocado paid its chief executive about 2,600 times its average worker last year, according to new research that shows the yawning gap in wages between the boardroom and the shopfloor across British industries.
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NewsMedia Bites 15 December: Brexit, Unilever, EG Group
Supermarkets are poised to implement rationing within 24 hours of a run on essential goods being detected, amid growing fears panic buying will erupt if the UK confirms a no-deal Brexit.
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NewsEG Group grows German estate with €485m acquisition
EG today announced it had entered into a binding agreement to acquire a network of 285 petrol station forecourts in Southern Germany from OMV Deutschland.
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NewsNo need for no deal panic-buying, retail chiefs warn shoppers
BRC chief executive Helen Dickinson said retailers were preparing for all outcomes and stockpiling extra products to ensure a continued supply of essentials
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NewsPlant-based demand balances Covid losses for Authentic Food Co
Growing demand for plant-based foods in supermarkets has helped Beyond Meat’s UK distribuer The Authentic Food Company steer through Covid-related declines
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NewsMedia Bites 10 December:Tesco/Brexit, Asda, Just Eat
Shoppers face temporary shortages of some fresh foods and higher prices if the UK fails to strike a Brexit deal with the EU, the chairman of Tesco has warned.
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NewsCity snapshot: Tesco investors set for £5bn payout as Asia sale readies for completion
Tesco, which last week announced it was returning £585m of business rates relief, has this morning confirmed the $10.6bn sale of its businesses in Asia and a special dividend payment of £5bn. Plus, a pre-close trading update from British American Tobacco, and Nestlé Purina PetCare is set to invest $550m to expand its petfood manufacturing facility in Georgia, creating up to 130 jobs.
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NewsNomad Foods upgrades 2020 expectations as sales soar in second lockdown
Sales at Birds Eye owner Nomad Foods have rocketed once again as locked down shoppers continued to stock up freezers as they ate all their meals at home in November.
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NewsMedia Bites 8 December: Brexit, Kingfisher, The Hut Group
Business leaders and unions have heaped renewed pressure on the government to strike a last-minute Brexit agreement, saying the UK economy is ill-equipped for a disruptive no-deal scenario.
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NewsCooplands looks to growth after £7.7m BGF investment
Northern bakery chain Cooplands has secured a further £7.7m investment from the Business Growth Fund.
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NewsCity snapshot: B&Q owner Kingfisher joins flurry of retailers returning business rates relief
Screwfix and B&Q owner Kingfisher has joined the flood of retailers to hand back business rates relief received during the coronavirus pandemic. Plus, a trading update from The Hut Group and Mike Ashley’s Frasers Group confirms Debenhams rescue talks.
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NewsIt’s All Good explores sale as tortilla chips demand soars
The Gateshead-headquartered supplier has been backed by PE firm NVM since 2014 following a £3.5m minority investment
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NewsFarmison & Co growth rockets 550% as mutton sales soar
Turnover is expected to more than double to £12m in the year to end of March 2021
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NewsAt-home demand for gin helps Chase Distillery offset on-trade collapse
The company, which was snapped up by Diageo in October, experienced “very strong” growth with retail partners
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NewsJack & Bry brings Clive Sharpe aboard as chairman ahead of retail launch
Clive Sharpe joins the business as non-executive chairman and David Flower will support the management team as non-executive director
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NewsMedia Bites 3 December: Tesco, lab-grown meat, High Street
News that Tesco has repaid £585m of business rates relief dominates the papers today.