All articles by Ed Devlin – Page 135
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Media Bites 31 August: Co-op/Nisa, Unilever/Kraft Heinz, M&S, Pizza Express, Poundland
The papers cover the latest M&A development in the convenience store sector as the Co-op enters exclusivity to buy Nisa.
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City snapshot: McColl's boosts sales 31% in "significant" quarter
Revenues have jumped 31% at McColl’s Retail Group in the third quarter as the convenience retailer integrated almost 300 Co-op stores into the business. Plus, Premier Foods completes signing of Cadbury cake agreement with Mondelez; Pernod Ricard reports full-year results; and Total Produces reveals half-year figures.
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UK fruit and veg shields shoppers from rising prices in supermarkets
Home-grown fruit and vegetables have helped ‘keep a lid on’ rising prices in the supermarkets in August
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Media Bites 30 August: Amazon/Whole Foods, BrewDog, inflation, M&S
The papers examine how the takeover of Whole Foods by Amazon has shaken up investor confidence in the food retail market. Plus, BrewDog unveils plans to give away 20% of profits; and shop prices rise again.
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City snapshot: 'Strong' travel performance keeps WH Smith on track
WH Smith has said this morning that its annual results will be in line with expectations, with the travel division of branches in airports and train stations continuing to put in a “strong performance”. Plus, food price inflation accelerates in August as ambient prices rise at fastest price for almost four years; and M&S opens talks with franchise partner Al-Futtaim for potential purchase and franchising of the owned retail business in Hong Kong and Macau.
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Weak pound pushes down Duerr's profits
Profits have slid almost 20% at conserve maker Duerr’s as the weak pound and low sector growth hit the business
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$11bn wiped from supermarket and food & drink shares as Amazon fires gun on price war
More than $11bn (£8.6bn) has been wiped off the value of the world’s largest supermarkets and food and drink manufacturers
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Yorkshire dragons fuel Masons growth plans
Masons Yorkshire Gin has agreed a £300,000 investment from two well-known Yorkshire food and drink entrepreneurs
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City snapshot: Amazon fires the gun on Whole Foods price war
Amazon has signalled the start of a grocery price war to start on Monday once its $13.7bn (£10.7bn takeover of Whole Foods completes.
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Media Bites 25 August: Costcutter, Amazon/Whole Foods, Steinhoff
The papers follows up The Grocer’s exclusive that Costcutter is close to unveiling a deal as the corner-shop chain becomes the latest retailer to be jolted into dealmaking in response to Tesco’s £3.7bn swoop on Booker. Plus, Amazon kicks off battle with Walmart as prices to fall at Whole Foods.
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Birds Eye owner Nomad slows decline in UK as prices increases lift sales
Birds Eye and Findus owner Nomad Foods recorded organic growth for the second quarter in a row as the group pushed through price increases
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Greencore shares tumble as it tries to reassure the City
Shares in Greencore have slumped by almost 9% today after the sandwich maker tried to reassure investors over the continued fall in value of the stock during 2017.
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Media Bites 24 August: Amazon/Whole Foods, Finsbury Food, Tesco, Brexit
Approval by Whole Foods shareholders of the Amazon takeover is folowed by the US competition regulator; Tesco opening its £85m compensation scheme; Finsbury Food planning to close its Grain D’Or business; and the pound hits lowest level again the euro in eight years.
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City snapshot: Amazon $13.7bn Whole Foods takeover waved through by US regulator
US competition watchdog the FTC has given Amazon the green light for its $13.7bn (£10.7bn) takeover of Whole Foods, just hours after Whole Foods shareholders gave their approval
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Tesco £85m investor compensation scheme opens
The scheme, agreed by the supermarket with the Financial Conduct Authority (FCA) in March this year, will cost Tesco an estimated £85m
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Media Bites 23 August: Lidl, Bayer/Monsanto, Asda, sugar
With grocery stories continuing to be slim pickings as the UK gears up for the bank holiday weekend, the latest market share from Kantar Worldpanel and Nielsen generates some column inches.
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City snapshot: 250 jobs at risk as Finsbury Food Group plans to close Grain D’Or bakery business
Finsbury Food Group is proposing to close its lossmaking Grain D’Or business, leaving 250 jobs at risk.
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Creative Nature turns down Dragons' Den investment
Healthy snacking brand Creative Nature is in talks with private investors after turning down the £75,000 secured during an appearance on Dragons’ Den.
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Media Bites 22 August: Great British Bake Off, vanilla prices, Johnson & Johnson, Co-op Group
One of the new judges for The Great British Bake Off has made an advertising faux pas by suggesting viewers can watch the Channel 4 show online and skip the adverts.
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City snapshot: Disappointing summer halts supermarket growth as soft drinks, burgers and ice cream sales fall
A combination of a cooler weather and people heading off on summer holidays has put a stop to two months of consecutive sales growth for the UK supermarkets, according to Nielsen. Plus, Lidl increases market share to new record high of 5.2% – up 0.7 percentage points year on year – to become the UK’s seventh largest grocer, according to Kantar Worldpanel.