All articles by Ed Devlin – Page 108
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NewsMedia Bites 20 August: Marstons/Carlsberg UK, Morrisons/Amazon, Diageo
The Competition and Markets Authority has begun an investigation into the proposed joint venture between brewers Marston’s and Carlsberg UK
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NewsGolden Acre Food Group rescues Bagel Nash in pre-pack deal
Golden Acre Food Group has rescued Bagel Nash after the foodservice bagel supplier struggled to stay afloat during the coronavirus crisis.
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NewsDiageo expands non-alcoholic portfolio with Rheinland Distillers investment
Diageo-owned drinks accelerator Distill Ventures has invested in award-winning German gin maker Rheinland Distillers
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NewsCity snapshot: Shock jump in inflation as petrol and clothing prices rise
Prices have risen faster than expected in July as lockdown restrictions were relaxed and consumers returned to the shops.
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NewsMedia Bites 18 August: Diageo, Bakkavor, Cranswick
Actor Ryan Reynolds is the latest Hollywood celebrity to strike a deal with Diageo after selling his Aviation American Gin brand to the drinks giant for $610m.
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NewsCity snapshot: Meaty sales growth at Cranswick during coronavirus lockdown
Cranswick has upgraded its outlook for 2020 as lockdown and stockpiling sent sales soaring by more than 20% in the first quarter.
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NewsSuppliers squeezed as HMRC moves to claw back tax owed
Food manufacturers are being squeezed by the government as HMRC withholds VAT refunds to claw back tax owed, putting thousands of jobs at risk
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NewsCity snapshot: Manufacturers squeezed by the taxman on VAT refunds
Food manufacturers have zero VAT-rated revenues but receive VAT refunds from HMRC for purchases made to their own suppliers
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NewsMedia Bites 14 August: whisky, Greencore, Unilever
The Scotch whisky industry has attacked the UK government for its “inexplicably slow” action against hefty tariffs
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NewsPladis profits soar as global revenues pass £2bn
Profits have soared at McVitie’s owner Pladis Foods after it lifted revenues above £2bn.
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NewsMedia Bites 13 August: Just Eat, M&S, Eat out to help out
The lockdown led to a boom in sales for Just Eat Takeaway.com, which attracted a record number of new restaurants and customers in the first half of the year.
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NewsMedia Bites 12 August: McCain, Ben & Jerry’s, Domino’s
The UK’s £1bn potato growing sector has been hit so hard by extreme weather and coronavirus that its largest customer is stepping in with £25m of support to secure its supply chain.
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NewsRetail sales increase for second month in a row but food growth slows
Food and grocery sales have slowed down in July following exceptional growth at the height of the coronavirus outbreak as shopper behaviour returns to “normal”
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NewsRetailer profit warnings slow after record first quarter
Some 38 profit warnings were issued by FTSE retailers in the first quarter but only nine from April to the end of June, according to the latest data from accountancy firm EY
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NewsCity snapshot: Supermarket Income REIT snaps up Morrisons store
Supermarket Income REIT snapped up a Morrisons store in Telford for £14.3m
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NewsMedia Bites 10 August: Tate & Lyle, WH Smith, M&S/Ocado
Brexit backers Tate & Lyle are set to gain £73m from end of EU trade tariffs
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NewsCapital Cooling Refrigeration sold in pre-pack administration as Covid-19 chills business
Scotland-headquartered Capital Cooling Refrigeration was unsuccessful in its attempts to secure government support following financial difficulty caused by the pandemic
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NewsBaxters expands into chilled foods with Orexis acquisition
The Edinburgh-headquartered group completed the acquisition of Orexis Fresh Foods for an undisclosed price this month
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NewsWeetabix sales boost not enough to offset foodservice slump at owner Post
A third-quarter bump in sales was not enough to keep Post Holdings in growth
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Analysis & FeaturesWith negotiations back on after lockdown, what now for Walmart’s sale of Asda?
Walmart has restarted talks with a number of third-party investors