All articles by Ed Devlin – Page 11
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NewsCMA launches investigation into Greencore-Bakkavor merger
The start of the competition process comes as Bakkavor shareholders voted overwhemingly in favour of the deal yesterday
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Analysis & FeaturesWhat does Dr Squatch acquisition say about Unilever’s big turnaround?
A push for premiumisation is central to Unilever’s growth strategy
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NewsJobs lost as dogfood supplier Kennelpak calls in administrators
Wholesale petfood supplier and distributor Kennelpak has been placed into administration, resulting in 51 job losses
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NewsRoberts Bakery to axe up to 250 jobs as part of factory restructure
Roberts Bakery is to radically restructure its factory in Cheshire after facing numerous challenges, with up to 250 staff facing redundancy
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NewsQuorn turnaround makes progress as owner injects £18m in fresh funds
Quorn has benefited from a fresh injection of almost £20m in capital by its Filipino parent company
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NewsTonic Health secures £3m investment to back its mission to improve nutrition in the UK
The investment will be used to launch new products, expand the retail footprint and double down on Tonic’s content-first approach to consumer health
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NewsSupreme brews up record underlying profits thanks to Typhoo and Clearly Drinks deals
Supreme has posted record profits thanks to a buy-and-build strategy that has diversified the vaping, batteries and lighting group into the drinks market
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NewsSainsbury’s hits highest market share in a decade after sunny spring
Growth at Sainsbury’s has accelerated in its first quarter thanks to fine spring weather and the group’s improving value proposition
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NewsNeutonic raises £3m for expansion of nootropics drinks and supplements
Neutonic sales have hit $10m so far, with more than three million cans sold since launch and a number one position on Amazon in the energy and grocery categories
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NewsGousto in ‘best shape ever’ as it readies for pivot back to growth
Revenues in 2024 nudged £3m higher to £312m, after creeping up by 1% in the previous year, as the recipe box operator shifted focus to the bottom line
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NewsEagle Eye expands offering into real-time couponing thanks to Promotional Payments Solutions acquisition
Grocery tech firm Eagle Eye has acquired Promotional Payments Solutions for £5.5m to expand its offering to include real-time CPG couponing
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NewsWH Smith slashes valuation of high street business to get sale over the line
WH Smith has completed the sale of the UK high street business after being forced to renegotiate and slash the valuation as trading at the stores continued to struggle
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NewsBoots market share growth continues in third quarter
Like-for-like retail sales grew by 6% in the three months to 31 May, while pharmacy sales rose 5.4%
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NewsPZ Cussons pulls St Tropez auction as self-tan brand struggles in the US
PZ Cussons has abandoned plans to flog the St Tropez self-tanning brand after running an extensive auction process
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NewsAsda falls £600m into the red amid turnaround battle
The slide from a £180m pre-tax profit to a £599m loss in 2024 came as food sales lagged expectations, falling 3.7% on a like-for-like basis, according to newly filed accounts for parent company Bellis Finco
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NewsSupermarket volumes decline as food inflation hits 16-month peak
Grocery volumes dropped for the first time this year as prices continued to spike at a faster pace in June, according to the latest Kantar data released this morning
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NewsUnilever acquires Dr Squatch as Dove owner continues to clean up portfolio
The Dove and Lynx owner said the deal marked another step in moving its portfolio towards premium and high-growth spaces
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NewsPZ Cussons puts investors in a lather as shares fall on transformation update
PZ Cussons failed to convince the markets this week on the progress of its ongoing transformation as the personal care group sold off its stake in the Nigerian edible oils business for £51m
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NewsPernod Ricard set to simplify structure in cost-cutting exercise
It is a response by the French group to strengthening headwinds in the global spirits market as the owner of Jameson, Absolut and Havana Club struggled to perform amid weakening consumer confidence around the world
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NewsFlora Food Group sales and profits slump in promotion push
Profits at Flora Food Group have declined in the UK as the former Unilever spreads business invested in lower prices and a major marketing campaign for Flora to highlight its dairy-free credentials