All articles by Ed Devlin – Page 136
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News
Tesco Extra store in Bristol snapped up for £28.5m by supermarket investment firm
Property investment firm Supermarket Income REIT, which floated on the London Stock Exchange in July, has purchased the freehold of a Tesco Extra store in Bristol for £28.5m.
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News
Castle Dairies returns to double-digit growth
Welsh butter producer returns to double-digit growth as investment in its factory pays off and exports to Europe rise
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News
Florette snaps up prepared salad site in Lancashire from William Jackson
Fresh produce supplier Florette has acquired the Lancashire site of MyFresh Prepared Produce from the William Jackson Food Group for an undisclosed sum.
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News
Southern Salads collapses after feeling Brexit effect
Supermarket salad supplier Southern Salads has collapsed, with the loss of 260 jobs, after being squeezed by the weak pound and higher import prices for its produce sourced from Europe
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News
Media Bites 17 August: Carlsberg, Poundland/Toblerone, Argos, Amazon, Brexit
Danish brewer Carlsberg revealed it had lifted profits and revenues in its first half but volumes had declined; Poundland claims Toblerone’s shape not distinctive enough to be valid trademark; Argos shamed over pay; Amazon to create more UK jobs as it faces US backlash; and the UK government publishes a position paper on the Irish border.
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News
City snapshot: Weak pound pushes Southern Salads over the edge, with 260 job losses
Supermarket fresh salads supplier Southern Salads has fallen into administration after being squeezed by the slump in value of sterling following the EU referendum in June 2016. Plus, Australian wine producer Treasury Wine Estates reports full-year results.
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News
Real Good Food secures £2m bank overdraft to plug short-term funding hole
Struggling Real Good Food has agreed a £2m bank overdraft to plug a hole in its finances following a profits warning and a board shake-up earlier this month.
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News
Mars Food builds healthy portfolio with acquisition of Tasty Bite
Mars Food has agreed to acquire the owner of all-natural Indian and Asian food brand Tasty Bite, which has been sold in UK supermarkets since 2016.
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News
Moy Park continues growth as profits slump at troubled JBS
Moy Park has increased revenues in the second quarter, but profits slumped 80% at its beleaguered Brazilian parent company JBS, which put the Northern Irish poultry processor up for sale earlier this year to raise money to pay off growing debts.
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News
Media Bites 15 August: Sainsbury's/Nisa, Aldi, Danone, John Menzies
All the papers pick up The Grocer’s exclusive that Sainsbury’s have ended its exclusive talks for a £130m Nisa takeover, with the Co-op waiting in the wings.
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News
City snapshot: Sainsbury's steps back from the race to buy Nisa
Sainsbury’s has hit the pause button on its potential £130m takeover of Nisa until after the competition watchdog makes its ruling on the bigger Tesco acquisition of Booker. Plus, sales and profits rise at Moy Park in the second quarter; and profits fall at John Menzies as it is hit by costs related to failed demerger of distribution arm.
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News
Plenish replenishes growth engine with £1.5m PE injection
Cold-pressed juice brand Plenish has raised £1.5m in its second funding round – valuing it at £10m
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News
City news: Coca-Cola HBC fizzes to the top
Coca-Cola HBC (CCH) fizzed to the top of the FTSE 100 this wee
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Analysis and Features
All you need to know about the B&M takeover of Heron Foods
What is the rationale behind the latest convenience shake-up?
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News
Media Bites 10 August: AB InBev, Premier Foods, Unilever, Morrisons, Worldpay
AB InBev has agreed a 50/50 joint venture with Turkish brewer Efes for its businesses in Russia and Ukraine; Premier Foods appoints a new chairman; Unilever bows to investor pressure; Morrisons vows not to adopt fake farm brands; and Worldpay takeover puts jobs at risk.
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News
City snapshot: Kerry Group sales growth held back by weak pound
Kerry Group has increased first-half sales by 4.8% to €3.2bn despite a decline in its consumer food division as the weak pound and increased raw material pricing took a toll.
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News
Media Bites 9 August: McDonald's, BAT, Diageo, Worldpay
The papers delve into McDonald’s plans to double the number of stores it has in China; BAT raises $17bn in second largest bond deal of the year; Diageo boss Ivan Menezes’ pay drops; and Worldpay secures £9bn Vantiv deal.
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News
City snapshot: Ahold Delhaize feels the benefit of €9.8bn merger as sales and profits grow
Synergies stemming from the €9.8m mega-merger have boosted margins at European food retailer Ahold Delhaize in its second quarter. The group reported a “strong” quarter of sales and profits growth. Plus, Premier Foods appoints a new chairman to replace David Beever; and Stock Spirits Group continues to make progress with turnaround
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News
Cool Cold Brew coffee startup targets retailers after smashing £100k crowdfunding target
Cool Cold Brew is currently in talks with multiple retailers, including Selfridges and Sainsbury’s, with the aim of winning listings for its new four-strong range next year
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News
Geary’s Bakeries secures £4.5m funding boost
Supermarket and sandwich manufacturer supplier Geary’s Bakeries is expanding its factory after securing a £4.5m investment package.