All articles by Ed Devlin – Page 137
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Fruit Bowl kids' snacking brand falls into the red
Revenues in the nine months to 30 September 2016 declined to £9m, compared with £13.9m in year ended 31 December 2015
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C&C spearheads craft drive via recently acquired Orchard Pig
C&C Group is looking to bolster its craft portfolio to tap the growing trend for more premium beers and cider
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Karro looks to build on turnaround under CapVest ownership
Underlying profits at Karro Food Group jumped another 9% in 2016 as the pork supplier added £67m to its top line
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Media Bites 3 August: B&M Bargains, Asda, Mondelez, Green & Black's
Further M&A activity in the convenience channel as B&M Bargains buys Heron Foods jockeys for position in the media coverage with tumbling profits at Asda.
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City snapshot: Hilton Food Group confirms approach for Icelandic Seachill
Tesco red meat supplier Hilton Food Group has confirmed it is in talks to acquire Saucy Fish Co owner Icelandic Seachill, which was put up for sale in April. Plus,
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CheckoutSmart expands overseas with acquisition of German cashback grocery app Scondoo
Cashback app CheckoutSmart has acquired German mobile shopping reward company Scondoo to extend its reach in Europe.
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B&M Bargains snaps up Heron Foods in £152m deal
B&M said its initial plans to expand and develop the Heron business include opening between 10 and 20 new stores per annum.
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Media Bites 2 August: McColl's/Morrisons, Greggs, BAT, Impossible Foods
The surprise landmark supply deal agreed by McColl’s and Morrisons is in the spotlight in today’s papers. Plus, Greggs to roll-out drive-through stores and British American Tobacco under formal investigation by the UK’s Serious Fraud Office over claims that it bribed officials in east Africa to undermine anti-smoking laws.
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City snapshot: Irn-Bru revamp boosts AG Barr sales but margins squeezed
A revamp of Irn-Bru helped push sales at AG Barr up 8% to £136m in the first half
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Real Good Food shares collapse on profit warning and accounting issues
Shares in Real Good Food crashed more than 30% after accounting issues forced the cake decoration business to issue a profits warning, with EBITDA to be £3m lower than expected.
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Morrisons signs McColl’s supply agreement: What the analysts say
McColl’s Retail Group has signed a deal with Morrisons to supply grocery goods across its estate under the relaunched Safeway brand. Here’s how the analysts reacted.
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Fresh-Range smashes £300,000 crowdfunding target in 24 hours
Bristol-headquartered Fresh-Range has so far raised £343,000 from 135 investors on the Seedrs platform in return for an 8% stake, valuing the business at £3.5m.
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Cleveland Meat Co collapses with loss of 68 jobs
The collapse of Cleveland Meat Co comes after the FSA shut the business down temporarily in June when it found evidence of “serious deficiencies” at the firm’s Stockton site.
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Media Bites 31 July: Palmer & Harvey, Booths, Brexit, Scotch whisky
Beleaguered cigarette supply giant Palmer & Harvey has sent out an SOS cash call as a September debt deadline looms; and the family owners of Booths may have to pump more cash into the upmarket northern grocery chain.
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City snapshot: Tesco delisting hurts Heineken volumes
Heineken has increased first-half sales by 5.7% to €10.5bn (£9.4bn) despite the delisting of its brands by Tesco holding back volume growth.
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M&A activity gains pace as weak sterling spurs bargain hunters
Food & drink deal activity increased substantially in the second quarter
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Irish chocolatier Lily O'Brien's put up for sale
Irish chocolatier Lily O’Brien’s has been put up for sale by its private equity owner with a price tag of €50m (£45m)…
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Danone growth held back by weakness in dairy division
French dairy giant Danone just about stayed in growth in the second quarter and first half of its financial year as it struggled to battle industry challenges in Europe and North America.
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Greencore sees revenues soar 77% on convenience division growth
Sales in the UK and US were up to £636.5m in the sandwich maker’s third quarter
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Media Bites 27 July: Fever-Tree, chlorinated chicken, horsemeat, Marston's
A bumper pay day for Fever-Tree co-founder and CEO Tim Warrillow as shares in the premium mixer brand soared takes up plenty of column inches in today’s papers.