All articles by Ed Devlin – Page 143
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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.
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NewsCity snapshot: Tesco £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 a sell off hundreds of its stores. Plus, B&M boosts sales 22% in the first half and announces Sir Terry Leahy is to step down as chairman; Science in Sport has raised £15m in placing; and Kantar and Nielsen latest supermarket market share data.
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Tamdhu owner Ian Macleod secures £80m refinancing
Family owned whisky distiller Ian Macleod Distillers, which owns the Tamdhu, Glengoyne and Smokehead brands, has agreed an £80m refinancing to position the business for its next phase of growth.
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NewsDavison Canners wins retail listing for new desserts range
Northern Irish food manufacturer Davison Canners has won supermarket listings for a new range of desserts after securing a £3.1m bank finance package to move all its production in-house, creating 50 new jobs in the process.
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NewsBakkavor cuts valuation to get IPO away
Bakkavor this morning dramatically announced its aborted stock market listing was back on just a week on from pulling its initial flotation after lowering its valuation to get the deal away.
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NewsMoy Park reports 'strong' sales growth in Q3
Revenues at Northern Irish poultry producer Moy Park rose 11.3% to £392.6m in the third quarter on strong volume growth, favourable exchange rate movements and recovery of cost inflation.