All articles by Ed Devlin – Page 130
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Indie Bay eyes major supermarket listings for pretzel snacks
Indie Bay’s Pretzel Bites rolled into Whole Foods Market this week
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Seachill targets more listings at mults after Hilton buyout
Hilton confirmed it had agreed to buy Icelandic Seachill from parent Icelandic Group on 18 October in an £84m deal
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Refresco enters talks with PAI over £1.4bn takeover bid
Soft drinks bottler Refresco has entered negotiations with PAI Partners after weighing up a renewed €1.6bn (£1.4bn) takeover bid from the French private equity giant earlier this month.
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Media Bites 19 October: Reckitt Benckiser, BrewDog, Danone
Reckitt Benckiser caused a stir as it announced dramatic plans to restructure the business in its third quarter trading update.
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City snapshot: Unilever growth boosted by emerging markets in Q3
Unilever has grown underlying sales by 2.6% in the third quarter as it performed strongly in emerging markets. Plus, Nestlé increases organic growth in the first nine months of 2017; and Pernod Ricard has “a very good start” to the year.
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Reckitt Benckiser restructures as sales decline again
Reckitt Benckiser revealed today it was restructuring the group into two distinct divisions as consumer healthcare and hygiene giant trimmed its full-year forecasts again as trading continued to be challenging.
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Hippeas bags $10m backing from US investor scale expansion
Chickpea snack maker Hippeas has secured $10m (£7.6m) from specialist US food and drink investment firm CAVU Venture Partners to accelerate its global expansion and turn the brand into a household name.
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Media Bites 18 October: Sainsbury's, Kantar/Nielsen, Danone, P&G, inflation
News that Sainsbury’s is to cut 2,000 jobs across the UK makes all the papers this morning.
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CIty snapshot: Hilton Food Group nets fish supplier Seachill for £81m
Red meat packer Hilton Food Group has completed an £81m deal for Seachill to expand its presence to the supply of fish. Plus, Reckitt reduces full-year outlook as sales fall in Q3, with plans to split the business into two new divisions; and Conviviality appoints new CFO.
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Rising grocery prices to slow early next year
Kantar Worldpanel predicts supermarket price rises will peak later this year
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City snapshot: Danone beats expectations on baby food and water demand in China
Soaring sales of baby food and water in China helped Danone comfortably beat expectations in the third quarter, but the dairy division of the global giant continued to struggle. Plus, inflation drives sales in the supermarkets but volumes slow, according to the latest Nielsen and Kantar market share data.
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Sugar beet harvester M&J Haulage collapses
Lincolnshire sugar beet harvester M&J Haulage has called in administrators from KPMG, with operations suspended and all 24 staff sent home.
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Media Bites 16 October: Sainsbury's, Brexit, Graze, P&G, Reckitt Benckiser
Sainsbury’s chairman David Tyler warns a ‘no deal’ Brexit would raise the cost of shopping; Graze hires advisers to steer a sale; and Reckitt eyes Pfizer consumer health care business.
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City snapshot: Footfall declines for third consecutive month
The number of shoppers on the high street declined for the third month in a row in September in a sign that consumers are starting to tighten their purse strings, new figures have shown. Plus, Hilton Food Group expands its packing capability in New Zealand.
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Bakkavor profits up 8.1% as it heads towards November float
Underlying profits in the first half of 2017 jumped 8.1% to £77.7m
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City News: Booker shares steady ahead of CMA decision
The City was unmoved by a healthy first half at Booker as investors awaited the preliminary decision by the CMA
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Chris Dee switches to 'brand incubator' role with Manílife
Peanut butter startup Manílife expected to be first of many startups Dee helps…
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Loss of major customer hits Cott revenues
Cott Beverages’ revenues tumbled as it battled a declining UK fizzy drinks market and lost a private-label contract
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Media Bites 13 October: Booker, WH Smith, Just Eat
Financial results from Booker and WH Smith are examined by today’s papers, along with the CMA decision on the Just Eat acquisition of Hungry House.
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City snapshot: Burton's profits sink in declining biscuit category
Underlying profits have more than halved as sales slumped yet again at Jammie Dodgers maker Burton’s Biscuits.