All articles by Ed Devlin – Page 101
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NewsSymington’s returns to profit as pandemic boosts demand
Symington’s has bounced back into the black as a strategic plan led by the new CEO and demand driven by the coronavirus pandemic helped sales at the Chicken Tonight owner climb higher.
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NewsTesco repays £585m in business rates relief
Tesco has bowed to growing pressure to repay a huge business rates relief windfall from the government
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NewsMedia Bites 1 December: Caffe Nero/Issa Brothers, Unilever, Covid dividends
Mohsin and Zuber Issa, the billionaire brothers behind EG Group, made an offer to buy Caffe Nero over the weekend, but the ailing coffee shop chain has turned down the offer.
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NewsCity snapshot: EG Group partners with Cinnabon to create 2,000 jobs
Petrol forecourt giant EG Group is set to create 2,000 jobs with the opening of 150 Cinnabon stores across the UK after partnering with the US cinnamon roll brand. Plus, Unilever completes unification and Pets at Home acquires The Vet Connection for £15m.
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NewsBeer52 and Virgin Wines explore options as sales rise
A surge in online sales of alcohol during lockdown has attracted investor interest
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NewsGraze losses increase as sales fall following Unilever acquisition
Operating losses at Graze have widened as sales slumped almost 20% following its acquisition by Unilever and closure of the US division
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NewsReady meal startups Equals Health and By Ruby seal successful crowdfunding campaigns
Access denied introTwo healthy ready meal startups are turning to the crowd for funding to capitalise on booming demand for online convenience food
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NewsCovid forces closure of Chiltern Foods
The business closed at the end of October with all 28 jobs lost
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Analysis & FeaturesWhy is Noble selling Gü and who is lining up to buy it?
A bidding process for the pudding brand is expected to top £100m
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NewsCity snapshot: Britvic confident in recovery after sales and profits plummet in lockdown
Brtivic’s boss has pledged to be at the forefront of the recovery in a soft drinks category slammed by the coronavirus pandemic after revenues and profits slumped at the group. Plus, PZ Cussons appoints a new CFO.
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NewsBeer52 explores investment options as lockdown business booms
Craft beer club Beer52 is seeking to tap investors for millions of pounds in funding after lockdown restrictions fuelled soaring demand this year.
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NewsMedia Bites 25 November: Business rates row, Pets at Home, AO.com
Retailers that paid out dividends after a boost in sales during lockdown are under growing pressure to hand back millions of pounds of taxpayer support after the boss of AO World said that executives “should go and ask their mum if she would be proud”.
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NewsCity snapshot: Greencore raises £90m as coronavirus impact drives annual loss
Greencore has raised £90m in a share placement as the impact of the coronavirus outbreak led to a double-digit drop in annual sales and a pre-tax loss of more than £10m. Plus, on the busy morning, trading updates from Cranswick, Compass Group, Pets at Home and all the rest of the latest news from the City.
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Comment & OpinionCamden Town Brewery faces identity challenge following full AB InBev integration
AB InBev has done wonders for Camden’s reach. But, as two senior figures take a back seat, the brewer could risk losing its independent character
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Analysis & FeaturesWhat will PAI do with Addo and Winterbotham Darby?
The PE firm aims to create the UK’s best value-added chilled food company
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NewsLDC exploring sale of Hill Biscuits after investment boosts
The private equity firm has engaged Clearwater International to explore its options
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NewsWholesalers Dovey Premium Products and Brookside Foods collapse in wake of lockdown
Two family-owned meat wholesalers have been forced to cease trading after suffering a business collapse during the pandemic
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NewsCity snapshot: Naked Wines sales soar as consumer discover online wine
First-half revenues at Naked Wines have soared 80% to £157.1m as consumers flocked to online as the coronavirus outbreak hit the UK. Plus Vimto maker Nichols is considering redundancies across its operations as the Covid pandemic continues to hammer the soft drinks market; European supermarket group Ahold Delhaize acquires online US grocer FreshDirect, and a trading update from Finsbury Food Group.
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NewsMedia Bites 18 November: Asda, Unilever, Imperial Brands
Shoppers are stocking up on festive groceries earlier than ever with Asda reporting a surge in frozen turkeys and “lockdown proof” items alongside a slowdown in quarterly sales.
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NewsAB InBev plans integration of Camden Town Brewery in big shake-up
Founder Jasper Cuppaidge will step back from the business into a consultant role, while CEO Adam Keary will leave in March