All articles by Ed Devlin – Page 109
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NewsNomad Foods on the acquisition trail as frozen sales soar in wake of coronavirus
Reported revenues jumped 11.4% to €599m (£541m) in the second quarter of 202
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NewsSamworth Brothers picks up Urban Eat sandwich brand from collapsed Adelie
The brand was sold to Samworth for £6.4m, following Adelie appointing Deloitte as administrator on 26 May
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NewsMedia Bites 7 August: Diageo, Hammerson, M&S/Ocado
Diageo has locked horns with LVMH, the world’s biggest luxury goods firm, over an unpaid dividend
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NewsCity snapshot: Footfall slowly returning to Britain’s shops and centres
Shoppers are slowly making their way back to the high street as pubs, cafes and restaurants reopen
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NewsLucozade Ribena Suntory shifts to its drink-later portfolio to offset Covid-19 trading hit
The dramatic collapse in footfall on the high street depressed demand for impulse soft drink purchases with consumers stuck at home
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NewsMedia Bites 6 August: M&S/Ocado, WH Smith, Morrisons
Marks & Spencer is undertaking a huge operation aimed at hanging on to Ocado customers when it replaces Waitrose as the online grocery company’s supplier next month.
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NewsProfits lose fizz at Coke bottler Coca-Cola HBC during lockdown
Profits went flat at Coca-Cola HBC as the world went into lockdown, but the fizzy drink bottler reported “encouraging” signs as markets reopened.
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NewsMedia Bites 4 Aug: Eat Out To Help Out, Heineken, Hammerson
British high streets received a boost from the launch of the government-backed discount dining scheme on Monday
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NewsHeineken profits plunge as UK pub network closes
Profits at Heineken have fallen off a cliff as the brewer’s high exposure to the pub trade in the UK led to lower volumes and higher costs during the coronavirus lockdown.
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NewsCracker Drinks Co uses Future Fund to help surge past funding target
Craft soft drink business Cracker Drinks Co has smashed its £250k crowdfunding target within six hours of launching, thanks to help from the government’s coronavirus SME growth scheme.
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NewsAt-home demand helps Quorn offset foodservice shutdown
A spike in demand from supermarket shoppers has helped meat-free brand Quorn offset a collapse in its foodservice business throughout the Covid-19 crisis.
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NewsBrits’ alcohol intake almost cut in half despite in-store sales surge
With social occasions in decline thanks to coronavirus, Brits have been drinking less
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NewsWaitrose could close stores in John Lewis digital-first strategy move
Chairman Sharon White updated staff on the strategic plans today
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NewsCity snapshot: Lockdown stockpiling boosts Nestlé’s first half sales
Panic buying in March has helped Nestlé to a stronger-than-expected start to the year as consumers turned to trusted brands during the coronavirus outbreak. Plus, on the busy morning, updates from AB InBev, Danone, Compass Group, Casino and all the rest of the latest news from the City.
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NewsMondelez buoyed by home market as coronavirus hits sales
Strong demand in its North American home markets offset declines in emerging markets and Europe
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NewsWales-based foodservice supplier falls into administration
A foodservice supplier to the likes of Domino’s Pizza, Wagamama, Mitchells & Butlers and P&O Ferries has collapsed following the UK-wide shutdown of the hospitality industry during the Covid-19 outbreak.
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NewsMedia Bites 29 July: National Food Strategy report, Reckitt, Greggs, Amazon Fresh
UK ministers should spend an additional £1bn a year on the “nutritional safety net” to combat obesity and hunger
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NewsMcDonald’s global profits tumble amid lockdown hit
Profits have tumbled more than 50% at McDonald’s in the second quarter as the peak of lockdown measures took a toll on the fast-food chain.
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NewsGreggs targets supermarket concessions for growth post-Covid
Greggs has now reopened the vast majority of sites, including four concessions in Asda superstores
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NewsCity snapshot: Reckitt brands clean up amid coronavirus demand spike
Sales and profits have soared at Reckitt Benckiser in the first half as hygiene-conscious consumers flocked to buy its disinfectant brands during the Covid-19 outbreak. Plus, on a busy morning trading updates from Greencore, AG Barr, Greggs and B&M and all the rest of the latest news from the City.