All articles by Ed Devlin – Page 108
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NewsEG Group expands US network with acquisition of Schrader Oil
The business operates 18 convenience retail stores and fuel stations in Northern Colorado and employs 150 staff
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NewsCity snapshot: Premier Foods upgrades profits outlook after ‘exceptional’ half
Premier Foods has raised its profit expectations for the year after “exceptionally” strong first-half results as consumers flocked back to its stable of household brands during the coronavirus pandemic. Plus, the latest Kantar and Nielsen supermarket data shows no sign of rampant panic buying after the new lockdown was announced. And the latest BRC-KPMG retail sales report. Finally, a host of food and drink stocks rallied yesterday after the hopeful vaccine announcement by Pfizer.
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NewsMedia Bites 10 November: Covid vaccine, Reckitt Benckiser, Ocado, EG Group
Global markets roared higher in a rally led by companies hit hardest by the pandemic after Pfizer and BioNTech revealed a breakthrough in the race to find a vaccine for Covid-19.
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NewsPAI Partners swoops for Addo Food Group and Winterbotham Darby
Addo Food Group and olives and antipasti supplier Winterbotham Darby have been snapped up in a joint chilled foods acquisition for an undisclosed sum
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NewsNestlé buys Mindful Chef to bulk up direct-to-consumer portfolio
Nestlé has acquired a majority stake in recipe kit business for an undisclosed sum to beef up its direct-to-consumer offering in the UK
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NewsCity snapshot: MPM snapped up by 3i Group in £125m deal
Premium pet food manufacturer MPM has been sold by ECI Partners to private equity investor 3i Group as the flurry of deals in the petcare space continues. Plus, Nestlé has acquired a majority stake in recipe kit business Mindful Chef for an undisclosed sum. And the FTSE 100 rallies after news of a victory for President-Elect Joe Biden.
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NewsMedia Bites 9 November: Brexit, Nestlé, Hovis, Tesco, M&S
The papers are fit to burst with news that Joe Biden was declared as the next President of the US after a protracted election. But there was still plenty going on in food and drink over the weekend.
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NewsSt Austell Brewery records £10m first-half loss
St Austell Brewery has plunged to a loss of £10m in the first half of 2020, despite record supermarket sales during the coronavirus pandemic. Total turnover collapsed by 90% when all 178 of its pubs and hotels were forced to close in March as the country went ...
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NewsKilo yoghurt pot sales offset decline at Lancashire Farm
The Rochdale-headquartered dairy said retail volumes were up as much as 40% in March and April
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NewsGlanbia shakes up SlimFast’s UK senior management team
The Irish group is integrating the weight-loss brand more fully into its nutrition performance division
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NewsSainsbury’s to permanently close in-store counters and 420 Argos stores
Retailer has warned that 3,500 roles could be impacted by the changes
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NewsCity snapshot: Sainsbury’s sales soar more than expected as UK enters second lockdown
Sales and profits have surged at Sainsbury’s as the country continues to battle the coronavirus pandemic. The group also announced a strategy update, which included the closure of a further 420 Argos standalone stores. Plus, Tate & Lyle and Wincanton report first-half results.
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NewsMedia Bites 3 November: Ocado, Lockdown
Ocado has sharply raised its forecast for full-year profits as the Covid-19 pandemic drives a surge in online food shopping. Plus, the papers are filled with the fallout for business for the new national lockdown starting on Thursday.
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NewsCity snapshot: Primark owner ABF braces for huge sales impact of new English lockdown
Associated British Foods has warned a new national lockdown in England, along with renewed restrictions across Europe, would lead to a loss of almost £400m in sales at closed Primark stores. The CEO of the British Retail Consortium called the Prime Minister’s plans “the nightmare before Christmas” for retailers. Plus, Ocado upgrades profits outlook on more strong trading and announces proposed acquisitions of two US robotics firms for almost $300m.
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NewsLockdown Liquor raises £300k in first funding round to drive growth
Alcoholic drinks startup Lockdown Liquor & Co, which launched during the first peak of the coronavirus pandemic, has raised more than £300,000 in its first ever funding round
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NewsLow-alcohol brewery Small Beer smashes crowdfund campaign
Investors have rushed to pledge support to low-abv brewery Small Beer, which hit its £400,000 crowdfunding target in just two days this week
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NewsKraft Heinz reports Q3 coronavirus pandemic sales boost
Sales at Kraft Heinz have experienced a boost in the third quarter as consumers continue to drive growth at global food groups during the coronavirus pandemic.
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NewsKellogg upgrades sales forecast on demand for Pringles and cereal
Kellogg has become the latest global fmcg giant to reveal better-than-expected results as shoppers continue to buy more of its portfolio of brands while spending more time at home during the ongoing coronavirus crisis.
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NewsMedia Bites 29 October: EG Group, Christmas advertising, Heineken
The billionaire brothers buying Asda were dealt a fresh blow yesterday when Moody’s cut its credit rating on the debts of their petrol station group deeper into junk territory.
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NewsTate & Lyle acquires Thai tapioca producer Chaodee Modified Starch
Ingredients supplier Tate & Lyle has snapped up a tapioca producer in Thailand to broaden the range of goods it can offer customers.