All articles by Ed Devlin – Page 103
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NewsKilo yoghurt pot sales offset decline at Lancashire Farm
The Rochdale-headquartered dairy said retail volumes were up as much as 40% in March and April
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NewsGlanbia shakes up SlimFast’s UK senior management team
The Irish group is integrating the weight-loss brand more fully into its nutrition performance division
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NewsSainsbury’s to permanently close in-store counters and 420 Argos stores
Retailer has warned that 3,500 roles could be impacted by the changes
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NewsCity snapshot: Sainsbury’s sales soar more than expected as UK enters second lockdown
Sales and profits have surged at Sainsbury’s as the country continues to battle the coronavirus pandemic. The group also announced a strategy update, which included the closure of a further 420 Argos standalone stores. Plus, Tate & Lyle and Wincanton report first-half results.
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NewsMedia Bites 3 November: Ocado, Lockdown
Ocado has sharply raised its forecast for full-year profits as the Covid-19 pandemic drives a surge in online food shopping. Plus, the papers are filled with the fallout for business for the new national lockdown starting on Thursday.
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NewsCity snapshot: Primark owner ABF braces for huge sales impact of new English lockdown
Associated British Foods has warned a new national lockdown in England, along with renewed restrictions across Europe, would lead to a loss of almost £400m in sales at closed Primark stores. The CEO of the British Retail Consortium called the Prime Minister’s plans “the nightmare before Christmas” for retailers. Plus, Ocado upgrades profits outlook on more strong trading and announces proposed acquisitions of two US robotics firms for almost $300m.
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NewsLockdown Liquor raises £300k in first funding round to drive growth
Alcoholic drinks startup Lockdown Liquor & Co, which launched during the first peak of the coronavirus pandemic, has raised more than £300,000 in its first ever funding round
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NewsLow-alcohol brewery Small Beer smashes crowdfund campaign
Investors have rushed to pledge support to low-abv brewery Small Beer, which hit its £400,000 crowdfunding target in just two days this week
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NewsKraft Heinz reports Q3 coronavirus pandemic sales boost
Sales at Kraft Heinz have experienced a boost in the third quarter as consumers continue to drive growth at global food groups during the coronavirus pandemic.
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NewsKellogg upgrades sales forecast on demand for Pringles and cereal
Kellogg has become the latest global fmcg giant to reveal better-than-expected results as shoppers continue to buy more of its portfolio of brands while spending more time at home during the ongoing coronavirus crisis.
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NewsMedia Bites 29 October: EG Group, Christmas advertising, Heineken
The billionaire brothers buying Asda were dealt a fresh blow yesterday when Moody’s cut its credit rating on the debts of their petrol station group deeper into junk territory.
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NewsTate & Lyle acquires Thai tapioca producer Chaodee Modified Starch
Ingredients supplier Tate & Lyle has snapped up a tapioca producer in Thailand to broaden the range of goods it can offer customers.
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NewsAgronomics raises £10m to fund lab-grown meat companies
Lab-grown meat investor Agronomics has raised £10m from a share placing to continue to fund companies in the alternative protein market.
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NewsCity Snapshot: Heineken to axe head office staff as profits plunge
Heineken is planning to slash jobs at its head office in a bid to cut costs and return to profitable growth as the Covid pandemic continues to slam the hospitality industry. Plus, Carlsberg revises profit expectations upwards after “strong” Q3; the latest inflation figures from the BRC-Nielsen shop prices index; and Tate & Lyle buys a tapioca starch manufacturer in Thailand.
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NewsMedia Bites 27 October: Wales, Diageo, The Hut Group
The move by the Welsh government to ban the sale of “non-essentials” items has created confusion Retailers in Wales on Monday called on the principality’s devolved government to allow an “inform not enforce” policy over the sale of non-essential goods, as business frustration over inconsistent and ambiguous ...
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NewsKale United seeks £2m funding to launch plant-based expansion drive
Plant-based network Kale United has launched its fourth funding round to raise a further €2.2m (£2m) by Christmas to drive further expansion.
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NewsCity Snapshot: Coca-Cola European Partners snaps up Asia Pacific Coke bottler in €5.2bn deal
Coca-Cola European Partners has made a €5.2bn (£4.7bn) offer to expand its bottling empire with the acquisition of Coca-Cola Amatil. Plus, revenues at CCEP improved in Q3, with a significant slow down of declining volumes.
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NewsMike Holt reappointed executive chairman at Real Good Food
Non-exec chairman Holt held the position for a month last year
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NewsSamworth Brothers takes sales hit as food to go market suffers
The business also anticipated margins would take a hit and has taken steps to control costs
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NewsMedia Bites 23 October: Unilever, EG Group, Coca-Cola
Unilever’s sales growth rose far above expectations in the third quarter on strong demand for Lifebuoy soap and other hygiene products, making it the latest consumer goods group to report buoyant figures in the pandemic.