All articles by Ed Devlin – Page 106
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Media Bites 25 September: Coronavirus, Morrisons, Pets at Home,
The government will cover almost a quarter of pay for workers in “viable” jobs for the next six months
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Non-alcoholic spirits brand Lyre’s raises £9m in growth funds
The brand is available in more than 30 markets worldwide and is expanding into the RTD category in 2021
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Addo Food Group’s PE owners ready £200m-plus sale
Addo could command a price tag of £200m-plus after strong growth under LDC’s ownership
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Border Biscuits appoints Paul Parkins as MD
Parkins has held several high-ranking positions at fmcg brands during his career, including almost 10 years at United Biscuits
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Media Bites 24 September: Uncle Ben’s, Tesco, Asda, Ocado
Uncle Ben’s is to change its name following criticism that its branding involved racial stereotyping
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City snapshot: Pets At Home upgrades profit expectations
Consumers flocked to its shops and veterinary operations over the summer
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PZ Cussons profits dive but Carex is star performer in the UK
Carex drove growth in the first quarter and has increased UK market share to about 40%
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General Mills profits soar as consumers continue to eat more meals at home
Old El Paso recorded double-digit growth in Europe & Australia in the first quarter US food group General Mills has continued to benefit from increased in-home consumption despite consumers returning to restaurants as coronavirus lockdown restrictions eased. Revenues in its first quarter jumped 9% to $4.4bn, with ...
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City snapshot: Trading improves at SSP as concessions reopen
Trading at travel concession group SSP has improved as sites across Europe continued to reopen
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Media Bites 23 September: Asda, coronavirus, AG Barr
Apollo is in pole position to take control of Britain’s third-biggest supermarket
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Albert Bartlett completes Kiddyum brand rescue deal
Albert Bartlett said it would continue to work with Kiddyum’s current listings, which include Sainsbury’s, Ocado, Co-op and Nisa,
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Media Bites 22 September: Coronavirus, Unilever, Aldi/Lidl
Global stock markets fell heavily into the red as concern grew that a second wave of lockdowns is on the way
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City snapshot: Profits lose fizz at Irn-Bru maker AG Barr as lockdown hurts hospitality sales
The shutdown of the hospitality sector during the first coronavirus lockdown in March hit the Irn-Bru maker
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City snapshot: Coronavirus outbreak takes a slice out of Finsbury profits
Sales and profits have slumped at Finsbury Food Group
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Media Bites 21 September: Mondelez, Aldi/Lidl, Morrisons
Mondelez chief executive Dirk Van de Put hit out at sugar taxes, saying they were overly “restrictive” to consumers
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Insane Grain nets six figure cash investment to fund 2021 retail launch
Healthy snacking start-up Insane Grain has raised a six-figure investment from fmcg veterans to ready the brand for growth in 2021
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BrewDog reopens Equity for Punks in sustainability drive
BrewDog has reopened its Equity for Punks crowdfunding scheme for the final time as it aims to raise £7.5m for sustainable initiatives
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Apollo, Lone Star and TDR enter bidding war to purchase Asda
All three made offers for the UK supermarket chain this week ahead of the deadline for bidding
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Mission Ventures opens up Good Fund Fund to wider category of brands
Food and drink accelerator Mission Ventures has reopened applications for its Good Food Fund.
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Sliabh Liag drinks to £1.5m crowdfunding success for Irish whiskey distillery
Irish whiskey, gin and vodka producer Sliabh Liag, which is backed by Asahi and former SABMiller executives, has smashed its £1m crowdfunding target.