All articles by Ed Devlin – Page 137
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NewsCity snapshot: Sales and profits heating up at British American Tobacco
Revenues and profits have soared at British American Tobacco as the cigarette giant completed its £41.8bn takeover of rival Reynolds and continued to take advantage of the growth of next generation products. Plus, profits slump at private label group McBride as inflationary pressure in its personal care & aerosols business saw the division slump to a trading loss.
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NewsMeadow Foods kicks off acquisition drive with takeover of ghee maker Roil Foods
It is the first deal at Meadow since US private equity firm Paine Schwartz Partners took a stake in the processor in late 2016 to help fund organic growth and strategic acquisitions.
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NewsMedia Bites 19 February: Matt Davies, Tesco, Reckitt Benckiser, Greene King
The former UK boss of Tesco is to become one of the FTSE 350’s youngest chairman after landing a job at online retailer N Brown.
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NewsCity snapshot: Sales surpass £1bn at McColl's
Annual sales at McColl’s Retail Group smashed through the £1bn barrier last year thanks to the rapid expansion of its store portfolio. Plus, a return to growth in the fourth quarter failed to lift Reckitt Benckiser as the Dettol to Durex maker reported flat like-for-like sales for 2017.
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NewsTough Christmas sees Ultimate Plum Pudding Company collapse
All 20 employees at the Cumbrian company have been made redundant
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NewsNestlé reports slowest growth this century
Consumers have continued to shun mainstream packaged food in favour of cheaper own-label or healthier snacks
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NewsMedia Bites 16 February: Nestle, Tesco/Booker, Lidl
Annual results for Nestlé and worrying developments for the Tesco/Booker merger ahead of the shareholder vote make the papers today.
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NewsCity snapshot: Growth accelerates in the second half for Danone
Accelerating growth in the second half helped French food giant Danone hike like-for-like sales by 2.5% to €24.7bn in 2017. Plus, Coca-Cola European Partners said it had beaten expectations in the first full year since its formation, but strong growth of Coke Zero was offset by decline in its other trademark brands.
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NewsMedia Bites 15 February: Tesco/Booker, Danone, Coca-Cola HBC, Tangerine Confectionery
An activist US hedge fund trying to push Tesco to pay more for Booker claims that a growing number of shareholders supports its position.
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NewsNestlé misses growth expectations as sales falter in fourth quarter
Full-year profits at Nestlé slumped as sales growth at the Swiss food giant came in below expectations after a sluggish fourth quarter
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NewsSHS Group acquires Meridian and Rocks owner 3V Natural Foods
Northern Irish consumer goods company SHS Group has acquired a majority stake in nut butter brand Meridian to add to its growing portfolio of brands, as tipped by The Grocer last month.
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NewsNestlé acquires plant-based brand Terrafertil
Nestlé has made further strides into the plant-based food sector with the acquisition of a majority stake in Latin American brand Terrafertil, which has a growing presence in the UK health market.
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NewsMedia Bites 12 February: Unilever, Tesco, Morrisons, 2 Sisters
Unilever creates waves this morning after threatening to pull marketing spend from platforms failing to tackle fake news, protect children, promote hate or create division in society. And a secret plan by Tesco to launch a discount chain dominates the weekend papers.
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NewsCity snapshot: Tesco plots launch of discount chain to rival Aldi and Lidl
Tesco is hatching a secret plan to launch a new discount chain in an attempt to level the playing field with Aldi and Lidl, it is understood. Plus, Heineken full-year organic revenues increase 5% to €21.9bn as momentum from the first half continued into the second and its flagship brand put in one of its best performances for year; and Nestle acquires a majority stake in Terrafertil, a company selling natural, organic, plant-based foods and healthy snacks.
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NewsG Simmons & Sons scores funding to meet pork scratchings demand
Pork scratchings manufacturer G Simmons & Sons has secured a six-figure bank funding package to help it expand operations to meet surging demand for its products.
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NewsArla invests in organic with Yeo Valley dairy business deal
Arla Foods has acquired the licence for Yeo Valley’s milk, cheese and spreads division in a “multimillion-pound” deal…
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NewsSainsbury's and Euro Garages terminate forecourt franchise deal
Companies have mutually agreed to end nine-store trial after two years.
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NewsWell & Truly seals £400k funding to aid growth
Healthy snacking startup Well & Truly has bagged £400k in capital from female-focused funding network AllBright
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NewsJust Eat rival Appetise woos crowd for £500k
Online takeaway service Appetise has turned to the crowd to raise £500,000 for a battle against Just Eat
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NewsMedia Bites 8 February: Carlsberg, Poundland, Tesco
It is a quiet morning in the papers in terms of grocery and fmcg news, with Carlsberg in the spotlight following its annual results and Poundland gaining publicity after its Christmas advert was banned by the ASA.