All articles by Ed Devlin – Page 104
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NewsCity Snapshot: Coke regains some fizz but future still uncertain
Coca-Cola has slowed its declining revenues in third quarter as easing lockdown restrictions across the world allowed consumers visit cafes and restaurants again. Plus, consumer confidence slumps again in October and the latest figures from the ONS show retail sales grew for the fifth consecutive month in September.
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NewsCity Snapshot: Unilever sales accelerate in Q3 as shoppers keep homes clean in fight against Covid
Unilever has boosted third-quarter sales thanks to shoppers continuing to stock up on Domestos and Cif to battle the coronavirus in thier homes.
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NewsP&G benefits from booming demand for home hygiene as Q1 sales fly
Revenues have soared at Procter & Gamble in the first quarter on the back of shopper demand for home hygiene products as the coronavirus crisis continues.
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NewsMedia Bites 21 October: Poundstretcher, Waitrose, Co-op, Reckitt Benckiser
Poundstretcher has become the latest retailer to lose its auditor after a risk assessment by one of Britain’s biggest accounting firms.
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NewsBritvic agrees 20-year bottling deal with PepsiCo
Britvic has reached a deal with PepsiCo for a new and exclusive 20-year franchise bottling agreement
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NewsCity snapshot: Reckitt Benckiser raises revenue forecast as disinfectant sales soar
Reckitt Benckiser has reported strong third quarter revenues as demand for its disinfectant brands remain high and the relaxation of lockdown restrictions around the world helped Durex rise again. Plus, Britvic agrees new 20-year bottling agreement with PepsiCo and also increases profit forecasts for the year.
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NewsFmcg M&A deal volumes slump 60% on same period last year
Fmcg deals slumped 60% in the four months to the end of August as M&A in the food industry struggled to reignite in the pandemic
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NewsSolina picks up Bowman Ingredients for undisclosed sum
European ingredients group Solina has acquired food coatings specialist Bowman Ingredients from the family owners for an undisclosed price tag
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NewsMedia Bites 19 October: John Lewis, M&S/Ocado, EG Group
The strategic update at John Lewis Partnership on Friday receives plenty of coverage in this weekend’s papers.
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NewsBirds Eye sales outdo expectations after shoppers fill freezers
Birds Eye sales powered ahead of expectations as shoppers stocked up their freezers during lockdown.
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NewsMedia Bites 15 October: EG Group, Ocado, Just Eat
Deloitte has resigned as auditor of EG Group, the UK petrol stations company whose billionaire owners just agreed a £6.8bn takeover of grocery chain Asda, because of concerns over its governance and internal controls.
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NewsLivekindly Co raises $135m to accelerate expansion of plant-based brands portfolio
Plant-based brand collective The Livekindly Co has raised $135m (£104m) to accelerate its mission to transform the global “unsustainable meat-centric food system”, including developing chicken and egg alternatives.
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NewsYumello raises £100k growth funding from its online community
Fast-growing nut butter startup Yumello has raised £100,000 directly from its online customers in just two weeks to help fuel expansion.
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NewsCity Snapshot: Just Eat sales surge 46% in Q3 as coronavirus restrictions return
Takeaway giant Just Eat has enjoyed a 46% surge in global sales in the third quarter as the coronavirus pandemic kept consumers at home. Plus, Bakkavor CFO Pete Gates retires, Devro appoints a new CFO, Stock Spirits issues a trading update and Nestle completes its acquisition of Aimmune Therapeutics.
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NewsCity snapshot: Shoppers spend an extra £260m on supermarket alcohol in preparation for new lockdown
Grocery sales jumped almost 11% in September as shoppers prepared for new lockdown restrictions, with consumers spending an extra £261m. Plus, the latest figures from Nielsen, BRC-KPMG retail sales monitor and Barclaycard spending report.
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NewsFerrero continues international acquisition drive with £246m Fox’s deal
Ferrero has added to its growing biscuit empire with the £246m acquisition of Fox’s from 2 Sisters Food Group
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NewsMedia Bites 8 October: Tesco, Ferrero/Fox’s, Greene King
There is a wealth of coverage for Tesco’s half-year results across all the papers today.
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NewsNutri-Genetix seeks £150k from the crowd to expand DNA nutrition brand
Nutri-Genetix, which claims to have developed the world’s first genetically personalised nutrition shake, has launched a crowdfunding pitch to raise £150,000.
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NewsFerrero acquires Fox’s Biscuits from 2 Sisters for £246m
Ferrero has snapped up Fox’s Biscuits from 2 Sisters Food Group for £246m to add to its growing biscuit portfolio across the world.
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NewsCity Snapshot: Tesco sales soar during pandemic but £553m Covid costs drag on profits
Sales at Tesco soared 6.6% in the first half to £26.7bn as shoppers relied more heavily on supermarkets during the coronavirus pandemic, but costs also ballooned to weigh on profits. The supermarket also announced Tate & Lyle CFO Imran Nawaz as its news chief financial officer.