All articles by Ed Devlin – Page 105
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NewsMedia Bites 14 January: Brexit, Lidl, Just Eat, Unilever
The UK government is proposing to fast-track empty supermarket food lorries returning to Europe to restock, as concerns mount in Whitehall that post-Brexit port disruption threatened supermarket supply shortages.
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NewsRecord year for food and drink on Seedrs
During the year, 58 food and drink campaigns hit their Seedrs funding targets, a 29% increase on 2019, raising £45m, which represented a 121% rise on the prior period.
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NewsCity snapshot: Pink fizz and festive jumpers drive record Christmas at Lidl
Lidl increased overall sales 17.9% in the four weeks to 27 December compared to Christmas 2019 to outperform its big four rivals and Aldi. Plus, Just Eat sees orders surge again in fourth quarter as new lockdowns benefit the takeaway delivery app.
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NewsMedia Bites 12 January: Morrisons/Sainsbury’s, Brexit, M&S
Sainsbury’s has joined Morrisons in saying it will enforce the wearing of masks in its supermarkets.
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NewsNomad Foods confirms talks with Fortenova Group to buy frozen foods business
Birds Eye owner Nomad Foods is looking to extend the reach of its frozen empire in Europe after entering exclusive talks with Fortenova Group to buy the Croatian company’s frozen foods brands.
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NewsCity Snapshot: Post Office delivers strong Christmas as online shopping booms
The boom in online Christmas shopping fuelled by the coronavirus crisis has seen the Post Office deliver a 17% rise in December sales. Plus, Commercial landlord British Land has collected less than half the rent due from its retail tenants in December as tightening coronavirus restrictions forced many shops to close once more.
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NewsHalo Coffee targets crowd funds of £300k as demand rockets
Eco coffee pod brand Halo Coffee has turned to the crowd to seek £300,000 following an explosion in demand for in-home brews
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NewsFiddes Payne reaps benefits of pre-pandemic production hike
Fiddes Payne has returned to growth as its range of home baking kits, pulses pouches and cake decoration products appealed to locked-down shoppers this year
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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.