All articles by Ed Devlin – Page 142
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News
Sainsbury's hit hardest by shock election result as Tesco to benefit
Sainsbury’s is likely to be the hardest hit of the listed grocers by the ongoing political and economic uncertainty brought by a hung parliament thanks to its exposure to the high street with Argos, analysts have warned today.
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News
Theresa May under pressure to resign as UK votes for hung parliament
After a dramatic night, the UK has woken up to a hung parliament this morning, with the Conservatives emerging as the largest party
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City snapshot: Rémy Cointreau raises earnings expectations after “excellent” annual performance
French drinks group Rémy Cointreau has lifted its future outlook after revealing an “excellent” annual performance, with a double-digit jump in profits and an almost 5% sales boost. Plus, Pernod Ricard buys majority stake in mezcal brand Del Maguey Single Village Mezcal
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News
Media Bites 8 June: Steinhoff, Lidl, Tesco, Kellogg
As the UK heads to the polls today, the papers are dominated by the final day of the campaign and the continuing story of the London terror attack. It’s looking very quiet when it comes to grocery or retail news.
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News
Sauces and juice producer Fruitapeel undergoes MBO
Terry and Deborah Haigh have taken over ownership of the business from existing fellow shareholders Frank and Philip Frederick. Finance director Neil Murgatroyd has also acquired a stake in group as part of the deal.
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News
Birds Eye owner Nomad Foods seeks new CFO as Kenyon resigns
Birds Eye owner Nomad Foods is on the hunt for a new CFO after Paul Kenyon handed in his notice to take on a job outside of the food industry at shoe retailer Clarks.
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News
City snapshot: Zambeef profits slide amid challenging economic conditions
Profits have plunged in the first half at Zambeef Products as the beef producer was hit by falling commodity prices and challenging economic conditions on Zambia. Plus, full-year results from drinks group Distil
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News
Media Bites 7 June: Tesco, Lidl, Delivery Hero
Tesco is facing an investor revolt over £140,000 paid to CEO Dave Lewis for relocation costs. Plus, Lidl’s eye-catching move to launch a “high-end” fashion line with supermodel Heidi Klum also gets plenty of coverage.
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News
Tapped seeks £200k from crowd to expand birch water range
Birch water brand Tapped is raising £200,000 in a crowdfunding campaign to invest in marketing and grow its product range.
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News
Charlie Bigham's sales near £50m as efficiencies aid growth
The food manufacturer said investment in efficiencies in recent years had helped bottom-line growth
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News
Media Bites 2 June: M&S, Brexit, Walmart
Marks & Spencer’s new sustainability plan come under focus this morning on another quiet day for retail news in the papers.
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News
City snapshot: Coldpress secures £2.3m in minority sale to food & drink fund
Soft drinks brand Coldpress has sold a significant minority stake in return for a more than £2m investment to expand further into on-the-go and on-trade channels.
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News
Coldpress scores £2.3m in growth investment
The drinks maker plans to use the money to rapidly build its distribution capability beyond grocery
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Analysis and Features
Dawn Meats-Dunbia deal: the big questions answered
What does the alliance mean for rivals, for the meat industry and for consumers? And what Brexit factors are at play?
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News
Media Bites 1 June: Kantar/Nielsen, Reynolds, Deliveroo
The latest grocery market share data and the rapidly increasing inflation in supermarkets are in focus this morning.
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News
City snapshot: Nisa closes in on £120m refinancing to aid expansion
Nisa Retail is in talks about a £120m refinancing deal as the sector continues to reel from the shockwaves of the proposed Tesco £3.7bn takeover of Booker, according to reports
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News
Dunbia-Dawn Meats merger 'secures strategic Brexit hedge'
Dunbia CEO Jim Dobson will run the jv, with Dawn Meats CEO Niall Browne acting as executive chairman
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News
Twisted Halo set to launch bid for £450k on Seedrs platform
Alcoholic coconut water brand Twisted Halo is set to launch a £450,000 crowdfunding campaign next week
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News
Robert Porter-Smith joins backers of smoothie kit newbie Pack'd
Frozen smoothie kit startup Pack’d has secured £350,000 from three investors
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News
Britvic’s shares rise despite profits drop
Robinsons owner Britvic has posted a double-digit rise in first half sales, but restructuring costs hit pre-tax profits.