All articles by Ed Devlin – Page 107
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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
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NewsMedia Bites 17 November: Walmart, Pret, Hut Group, Mitchells & Butler
Walmart has agreed to sell a majority stake in its Japan supermarket chain Seiyu in the latest move by the world’s biggest retailer to reshape its footprint outside the US (The Financial Times £). Private equity group KKR will acquire 65% and Japanese ecommerce company Rakuten will ...
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NewsMPowder secures £500k seed funding from Reckitt Benckiser and backers
Ecommerce start-up MPowder, which produces nutritional powders for women going through the menopause, has closed a £500,000 funding round, with investors including Reckitt Benckiser.
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NewsCity snapshot: Tesco Extra and Aldi store picked up for £63m by Supermarket Income REIT
Real estate investment firm Supermarket Income REIT has purchased a Tesco Extra shed and an Aldi store from British Land for £63m.
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NewsMindful Chef predicts surge in demand after sale of stake to Nestlé
CEO Tim Lee told The Grocer turnover had surged to £50m during the coronavirus crisis
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NewsPAI unites Addo and Winterbotham Darby
The two businesses will continue to run independently for the time being, but will be brought together at a later date
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NewsCMA fast-track Crowdcube merger with Seedrs straight to in-depth phase 2 investigation
The UK’s competition watchdog has kicked off an in-depth investigation into the merger of crowdfunding platforms Crowdcube and Seedrs after finding causes for concern.
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NewsMedia Bites 12 November: Tate & Lyle, M&S, Wetherspoons, Guinness
Tate & Lyle Sugars, a prominent corporate backer of Brexit, has warned of sugar and syrup shortages in Northern Ireland in the new year, due to lack of clarity over the UK and EU trade relationship.
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NewsFormer Godiva CEO buys majority stake in Artisan du Chocolat
Artisan employs 80 staff in the UK at its workshop in Kent and at three retail boutiques in London
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NewsNomad Foods unifies Findus with €110m Switzerland deal
The transaction unifies the Findus brand across Europe under the Nomad umbrella
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NewsMedia Bites 11 November: Amazon, Sunday trading, Premier Foods
Amazon has been charged by the European commission with using the sales data of independent retailers selling through its site to illegally gain an advantage in the European marketplace
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NewsCity snapshot: Coca-Cola HBC puts fizz back in trading as countries emerge from lockdown
Coke bottler Coca-Cola HBC has reported “strongly” improved trading in the the third quarter as its markets across Europe and Africa reopened, but volumes cotinued to be affected by the ongoing coronavirus pandemic. Plus, grocery tech firm Eagle Eye has signed a five-year agreement with Australian retail chain Woolworths Group, and markets continued to rally yesterday on vaccine hopes.
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NewsPremier Foods wins over consumers during lockdown as sales boom
Premier Foods boss Alex Whitehouse is confident the group can hold on to the wave of new shoppers flocking to its household favourites