All articles by Ed Devlin – Page 138
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NewsCity snapshot: Tesco prices rising faster than industry rivals - GPI
Tesco continued to raise prices faster than its supermarket peers last month, according to the latest Grocer Price Index. Plus, Tesco Clubcard operator Dunnhumby has plunged to a £33m pre-tax loss after a new agreement with its parent company cost the data arm an extra £30m; and Poundstretcher sales fall 7.5% to £397.4m as the chain continued to shrink its store estate
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NewsCity snapshot: Coca-Cola HBC appoints CEO to succeed Dimitris Lois
European Coke bottler Coca-Cola HBC has appointed a new CEO to succeed Dimitris Lois, who died in October. Plus, strong first-half results from packaging giant DS Smith; and Irn-Bru maker AG Barr adds Natures Way Foods CEO Susan Barratt to its board as independent non-exec
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NewsMedia Bites 7 December: Whitbread, Unilever, Steinhoff, Hammerson/Intu
An American activist investor has taken a 3.4% position in Whitbread, prompting speculation that it will press for a break-up of the Premier Inn and Costa Coffee operator.
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NewsPots & Co raises £4.5m to invest in kitchens and drive growth
Pots & Co sells its ceramic dessert pots in Waitrose, Tesco, Sainsbury’s, Ocado, Whole Foods Market, Harrods, Booths and Selfridges
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NewsMedia Bites 30 November: P&H, Costcutter, Britvic, Mars
The fallout from the collapse of Palmer & Harvey continues to dominate the papers.
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NewsCity snapshot: Greene King squeezed by fall in consumer confidence
Revenues increased 7.9% at the Greene King division that includes its off-trade activities but overall profits declined in the first half as under-pressure consumers stayed home more and ate out less. And, shares soar at rival brewer Marston’s after double-digit sales growth. Plus, consumer confidence falls for 20th month in a row; and interims from PayPoint.
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NewsMedia Bites 29 November: Palmer & Harvey, Ocado, Unilever
Good news for Ocado, which finally announced it first international technology partnership, was overshadowed by the collapse of Palmer & Harvey last night.
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NewsCity snapshot: P&H collapse set to cause £160m dent in Imperial Brands profits
Tobacco supplier Imperial Brands is preparing to take a £160m hit to its profits this year after the collapse of wholesaler Palmer & Harvey last night. Plus, positive full-year results send Britvic shares soaring; and food price inflation eases in November.
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NewsGraze profits fall as it invests in US expansion
Revenues at Graze rose 8% to £76m last year but profits fell 40% as the snacks business invested heavily to establish a retail presence in the US.
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NewsNestlé target Hain out of running for Meridian stake
Hain Celestial is understood to be out of the running for nut butter brand Meridian as the wider group becomes a multi-billion dollar target for Nestlé.
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NewsSauce start-up Capsicana looks to the crowd to fund retail growth
Sauce start-up Capsicana is aiming to raise £300,000 when it launches a crowdfunding campaign this week to tap growing demand for Latin American flavours.
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NewsProtein energy brand Bounce seeks buyer to drive global growth
Protein energy ball brand Bounce Foods is seeking external investment to help continue its international rollout
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NewsIan Macleod agrees £80m refinancing
Family-owned whisky distiller Ian Macleod Distillers has agreed an £80m refinancing for its next phase of growth
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NewsPipers hires advisers to lay ground for sale
Fast-growing premium snack brand Pipers Crisps is eyeing up potential acquisition targets
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NewsAdult soft drinks startup Nix & Kix backed by big hitters
The adult soft drinks start-up Nix & Kix has secured almost £500,000 to raise brand awareness and expand its team…
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NewsMedia Bites 16 November: Premier Foods, Tesco/Booker, P&G, wonky fruit
A recovery in the second quarter at Premier Foods delighted the newspapers yesterday.
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NewsCity snapshot: P&G admits activist investor Nelson Peltz ahead in proxy vote recount
The proxy battle at Procter & Gamble took another dramatic turn last night as activist investor Nelson Peltz looked to have won a seat on the board of the Oral-B maker, despite the US consumer goods giant claiming victory just a few weeks ago. Plus, CMA clear Just Eat acquisition of Hungry House.
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NewsSamworth Bros hires former Kerry Foods CEO Flor Healy as new boss
The Ginsters and Soreen owner has been without an official CEO since Alex Knight left the family-owned business in March
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NewsTesco £3.7bn Booker takeover gets green light from CMA
The UK’s competition regulators are sensationally set to approve Tesco’s £3.7bn takeover of Booker, without imposing conditions such as selling off hundreds of its stores
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NewsMedia Bites 14 November: Co-op/Nisa, Coca-Cola HBC, Amazon
A green light for the Co-op takeover of Nisa is the main grocery story in this morning’s papers.