All articles by Ed Devlin – Page 141
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NewsCity snapshot: Cider volumes flat at Magners maker C&C as AB InBev arrangement beds in
Revenues fell 11% to €273.1m at Magners owner C&C Group in the first half as its cider volumes slumped under a new distribution arrangement with brewing giant AB InBev. Plus, AB InBev reports profits jump as it sells less beer for higher prices in the third quarter.
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NewsForthglade Foods secures £5m growth capital to expand in the UK and overseas
Private equity-backed pet food brand Forthglade Foods has secure £5m growth capital funding to further its expansion plans at home and overseas, as well as developing a larger manufacturing facility.
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NewsDann's Ice Cream expands range of luxury ice cream
Luxury ice cream manufacturer Dann’s Ice Cream is expanding its product range and widening its distribution after securing a five-figure bank loan.
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NewsBrewDog returns to crowd for fifth time to raise £10m
BrewDog is again turning to its ‘equity punks’ to raise up to £50m in its fifth crowd campaign
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NewsP&G reports sluggish growth in first quarter
Procter & Gamble got off to a slow start in its new financial year as sales came in below expectations as sluggish growth continued to plague global consumer goods giants.
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NewsReckitt restructure baffles City analysts
A surprise radical restructure at Reckitt Benckiser left analysts scratching their heads this week
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NewsDavid Shaw leaves Genius to become MD at Good Hemp
Good Hemp has appointed Genius Gluten Free commercial director David Shaw as its new MD
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NewsQuorn capitalises on meat-free popularity with revenue jump
Quorn is back in double-digit growth as demand for meat-free alternatives continues to boom in the UK and overseas…
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NewsCity snapshot: Metro sales slow in final quarter
Sales slowed in the final quarter for German retailer Metro as like-for-like growth fell back in its wholesale stores and its Real hypermarkets. Plus, DX Group shakes up leadership team as it reports another £80m-plus loss forthe year.
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NewsMedia Bites 20 October: Unilever, Nestlé, Pernod Ricard, M&S
Unilever’s third quarter trading update was the big fmcg news of the day as the papers dissected how the consumer goods giant was performing after fighting off an unwanted takeover bid from Kraft Heinz earlier this year.
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NewsIndie Bay eyes major supermarket listings for pretzel snacks
Indie Bay’s Pretzel Bites rolled into Whole Foods Market this week
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NewsSeachill targets more listings at mults after Hilton buyout
Hilton confirmed it had agreed to buy Icelandic Seachill from parent Icelandic Group on 18 October in an £84m deal
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NewsRefresco enters talks with PAI over £1.4bn takeover bid
Soft drinks bottler Refresco has entered negotiations with PAI Partners after weighing up a renewed €1.6bn (£1.4bn) takeover bid from the French private equity giant earlier this month.
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NewsMedia Bites 19 October: Reckitt Benckiser, BrewDog, Danone
Reckitt Benckiser caused a stir as it announced dramatic plans to restructure the business in its third quarter trading update.
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NewsCity snapshot: Unilever growth boosted by emerging markets in Q3
Unilever has grown underlying sales by 2.6% in the third quarter as it performed strongly in emerging markets. Plus, Nestlé increases organic growth in the first nine months of 2017; and Pernod Ricard has “a very good start” to the year.
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NewsReckitt Benckiser restructures as sales decline again
Reckitt Benckiser revealed today it was restructuring the group into two distinct divisions as consumer healthcare and hygiene giant trimmed its full-year forecasts again as trading continued to be challenging.
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NewsHippeas bags $10m backing from US investor scale expansion
Chickpea snack maker Hippeas has secured $10m (£7.6m) from specialist US food and drink investment firm CAVU Venture Partners to accelerate its global expansion and turn the brand into a household name.
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NewsMedia Bites 18 October: Sainsbury's, Kantar/Nielsen, Danone, P&G, inflation
News that Sainsbury’s is to cut 2,000 jobs across the UK makes all the papers this morning.
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NewsCIty snapshot: Hilton Food Group nets fish supplier Seachill for £81m
Red meat packer Hilton Food Group has completed an £81m deal for Seachill to expand its presence to the supply of fish. Plus, Reckitt reduces full-year outlook as sales fall in Q3, with plans to split the business into two new divisions; and Conviviality appoints new CFO.
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NewsRising grocery prices to slow early next year
Kantar Worldpanel predicts supermarket price rises will peak later this year