All articles by Ed Devlin – Page 136
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NewsBurts Chips eyes £100m in sales as it swoops for Savoury & Sweet
Savoury & Sweet makes products for UK household-name brands and private label ranges for major retailers
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NewsNatural Drinks wins private investment after crowdfund fails
The money, from an unnamed private fund, will help it accelerate the launch of a raft of NPD…
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NewsGrace Foods wins £1m contract to supply aloe vera drink to Aldi in Spain
Caribbean food and drink manufacturer Grace Foods is increasing its international footprint in Europe after agreeing a new contract with Aldi in Spain, supported by a £6m bank funding package.
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NewsCrawshaw shares sink as record Xmas week fails to halt decline
Shares have crashed almost 8% in Crawshaw this morning after the value meat retailer revealed a heavy decline in underlying sales in December, despite a record week leading up to Christmas.
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NewsMedia Bites 5 January: Aldi, Nisa, Whitbread, Steinhoff, Colman's Mustard, Boots
A stellar Christmas for Aldi gets blanket coverage this morning as the discounter scored another record festive trading period. Plus, a strong Christmas for Nisa, a new chairman for Whitbread and yet more woe for Steinhoff.
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NewsCity snapshot: Food prices jump in run up to Christmas
Food inflation gathered steam in December despite supermarkets investing in price on key lines to win over shoppers during the crucial Christmas period, according to the latest figures from the BRC-Nielsen. Plus, like-for-like sales slump 6.1% at Crawshaw in December as shoppers desert value meat chain.
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Analysis & FeaturesShares hold steady in a 2017 dominated by M&A activity
The economic and political fallout from Brexit and a Trump White House reverberated throughout last year
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NewsAldi UK sales up by 15% in December as shoppers switch from 'expensive' rivals
A surge in demand for its premium range helped the discounter to a record Christmas period
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NewsMedia Bites 4 January: Poundland, Co-op, Refresco/Cott, Tesco
A new £180m loan agreement for Poundland as it distances itself from embattled South African parent company Steinhoff generates plenty of coverage today. As does a strong Christmas for Co-op and the CMA’s investigation of the Refresco takeover of Cott.
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NewsCity snapshot: Record Christmas for Aldi as shoppers switch from 'expensive' rivals
A surge in demand for its premium range has helped Aldi to a record Christmas as year-on-year UK sales shot up by more than 15% during December.
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NewsArla Foods strengthens presence in Southeast Asia with ICBP joint venture
Arla Foods is set to strengthen its business in Southeast Asia by establishing a joint venture with PT Indofood CBP Sukses Makmur Tbk (ICBP), a major fast-moving consumer goods companies and dairy player in Indonesia.
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NewsBooths sees losses balloon to £13.5m as it struggles in competitive market
Sales at the retailer, which reportedly hired bankers at Rothschild in November to explore a potential sale, sank another 4.3% to £263.4m in the year ended 1 April 2017.
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Comment & Opinion2017's mega-deals in review - Akeel Sachak
As 2017 draws to a close, we can wave goodbye to another buoyant year for M&A activity, says Akeel Sachak, the global head of consumer for Rothschild.
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NewsCity snapshot: Raisio sells Fox's Glacier Mints and confectionery business to Valeo Foods
Embattled Finnish group Raisio has sold its confectionery business, which includes the Fox’s Glacier Mints and Poppets brands, to Rowse Honey owner Valeo Foods in a deal worth €100m. However, Raisio will record a €38m loss on the sale
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NewsMedia Bites 22 December: Tesco/2 Sisters, plastic recycling
There is little in the way of food and drink news in this morning papers, but the survival of Toys R Us generates plenty of headlines in wider retails. And an MP says Tesco chief must explain silence over second 2 Sisters factory.
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NewsSeabrook refinances with £23m growth package
Seabrook Crisps has agreed a £23m refinancing package to support its growth strategy.
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NewsFruitapeel acquired by Belgian ingredients business Puratos
The acquisition, for an undisclosed sum, comes less than seven months after Terry and Deborah Haigh bought the Fruitapeel business from existing fellow shareholders in an MBO.
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NewsMedia Bites 21 December: Nomad/Goodfellas, Tesco/Booker, General Mills
Nomad Foods is in talks to acquire the UK’s Goodfella’s Pizza for about £200m in a deal, according to this morning’s papers.
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NewsCity snapshot: Consumer confidence continues decline ahead of Christmas
Consumer confidence continued to slide in December as the long-running GfK index marked almost two years of declining sentiment for shoppers. Plus, a review of 2017 food and drink M&A
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NewsMedia Bites 20 December: 2 Sisters/Tesco, Steinhoff, M&S
2 Sisters is back in the papers again as its food safety scandal rumbles on; and Steinhoff conitnues to make headlines as it admits its financial position is “evolving daily”.