All articles by Ed Devlin – Page 121
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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
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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