All articles by Ed Devlin – Page 111
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EG Group owners take lead in £6.5bn race to buy Asda
The billionaire owners of forecourt operator EG Group have been tipped to be in pole position in the race to buy Asda
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Meatless Farm Co raises $31m for global expansion
The plant-based brand has raised $31m (£24m) in a new funding round to support global growth plans
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Aldi plans 4,000 new jobs as it invests £1.3bn in new stores and upgrades
It has pledged to invest the money into new and upgraded stores, distribution centres and further innovations across its business
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Media Bites 28 September: Tesco, Asda, Pladis
Ken Murphy has a big repair job on his hands, says The Times
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City snapshot: Diageo CEO hails resilient performance as recovery continues
Diageo has raised its outlook for the first half on the back of a good start to its new financial year, with the US business performing ahead of expectations.
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City news: AG Barr shares flourish after showing Covid resilience
Shares in Irn-Bru maker AG Barr fizzed more than 15% higher to 430p on Tuesday after it assured investors of the strength of its balance sheet and floated the prospect of a resumption in dividend payments next year.
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Former Tesco exec Jill Easterbrook appointed to Ultimate Products board
Easterbrook and Christine Adshead have joined the company as non-executive directors
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City snapshot: LDC prepares Addo Food Group for £200m-plus sale
LDC is prepping chilled savoury pastries supplier Addo Food Group for a sale after more than three years of ownership, The Grocer has learned.
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Media Bites 25 September: Coronavirus, Morrisons, Pets at Home,
The government will cover almost a quarter of pay for workers in “viable” jobs for the next six months
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Non-alcoholic spirits brand Lyre’s raises £9m in growth funds
The brand is available in more than 30 markets worldwide and is expanding into the RTD category in 2021
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Addo Food Group’s PE owners ready £200m-plus sale
Addo could command a price tag of £200m-plus after strong growth under LDC’s ownership
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Border Biscuits appoints Paul Parkins as MD
Parkins has held several high-ranking positions at fmcg brands during his career, including almost 10 years at United Biscuits
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Media Bites 24 September: Uncle Ben’s, Tesco, Asda, Ocado
Uncle Ben’s is to change its name following criticism that its branding involved racial stereotyping
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City snapshot: Pets At Home upgrades profit expectations
Consumers flocked to its shops and veterinary operations over the summer
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PZ Cussons profits dive but Carex is star performer in the UK
Carex drove growth in the first quarter and has increased UK market share to about 40%
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General Mills profits soar as consumers continue to eat more meals at home
Old El Paso recorded double-digit growth in Europe & Australia in the first quarter US food group General Mills has continued to benefit from increased in-home consumption despite consumers returning to restaurants as coronavirus lockdown restrictions eased. Revenues in its first quarter jumped 9% to $4.4bn, with ...
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City snapshot: Trading improves at SSP as concessions reopen
Trading at travel concession group SSP has improved as sites across Europe continued to reopen
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Media Bites 23 September: Asda, coronavirus, AG Barr
Apollo is in pole position to take control of Britain’s third-biggest supermarket
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Albert Bartlett completes Kiddyum brand rescue deal
Albert Bartlett said it would continue to work with Kiddyum’s current listings, which include Sainsbury’s, Ocado, Co-op and Nisa,
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Media Bites 22 September: Coronavirus, Unilever, Aldi/Lidl
Global stock markets fell heavily into the red as concern grew that a second wave of lockdowns is on the way