All articles by Ed Devlin – Page 144
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NewsMedia Bites 28 September: Hotel Chocolat, Palmer & Harvey, M&S, WH Smith, Cargill
Hotel Chocolat’s full-year results attract the attention of the papers this morning; with updates on P&H rescue deal, news of the death of a former M&S boss, and an examination of the WH Smith share price.
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NewsCity snapshot: Imperial Brands in late-night talks over Palmer & Harvey rescue deal
Tobacco giant Imperial Brands (IMB) confirmed it was involved in late-night talks last night over a rescue deal for wholesaler Palmer & Harvey. Plus, Produce Investment boosts sales despite difficult year for potato grower; the CMA finds competition concerns in Vision Express takeover of Tesco Opticians; and SSP Group reports strong fourth quarter
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NewsCrawshaw Group shares sink as losses widen at value meat retailer
Shares in value meat retail chain Crawshaw Group plunged more than 12% today as its first-half losses widened on the back of the devaluation of sterling and investment in lowering prices in an attempt to lure back customers.
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NewsMedia Bites 27 September: Nestlé, AG Barr, Jaffa Cakes
Nestlé has for the first time set a target for increasing profit margins as CEO Ulf Mark Schneider unveils new strategy in London; AG Barr powers sales with new recipes despite passing on price rises; and Jaffa Cakes become the latest casualty of shrinking pack sizes in supermarket aisles.
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NewsCity snapshot: Hotel Chocolat doubles profits on healthy sales hike
Profits have doubled at Hotel Chocolat as investment in new stores, a new website and expansion in factory capacity helped drive a 12% jump in full-year revenues to £105.2m. Plus, losses widen at value meat retailer Crawshaw in the first half; and PZ Cussons warns tough trading conditions in most of its markets wil remain all year
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NewsMetcalfe's Skinny owner Kettle Foods acquires Cornpoppers popcorn brand
Snack producer Kettle Foods has expanded its popcorn footprint with the acquisition of Cornpoppers for an undisclosed price.
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NewsMedia Bites 26 September: Aldi, sterling, Unilever, gin
Aldi’s annual results, with record sales but a hefty profits drop, falls under the media spotlight this morning.
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NewsCity snapshot: Reformulated Irn-Bru boosts AG Barr but cost pressures bite
Price inflation and the reformulation of its Irn-Bru and Rubicon range helped AG Barr boost sales during the first half, but increased brand investment and other cost pressure squeezed margins at the soft drinks producer
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NewsBakkavor gets set for £1.5bn float in coming weeks
Bakkavor, one of the UK’s biggest suppliers of ready meals, pizzas and desserts to the major supermarkets, is preparing for a stock market flotation in the next few weeks that will value it at up to £1.5bn, The Grocer can reveal.
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NewsOcado sees solid growth but reveals Andover investment needed
Ocado proved once again to be one of the most divisive of all grocery stocks
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NewsKP Snacks in black for first time since Intersnack takeover
Operating profits more than doubled after investment in factories over the past three years significantly reduced costs
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NewsWhitworths reports £50m loss as IT works cause supply chaos
Dried fruit & nuts brand Whitworths slumped to a £50m loss last year as sales fell, a new IT system hampered supply, the former management team departed and loans were written off, delayed accounts have revealed.
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NewsMedia Bites 21 September: Diageo, takeover rules, General Mills
A ban on the sale of alcohol near highways in India is likely to hit sales at the spirits giant behind Johnnie Walker whisky and Smirnoff vodka.
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NewsCity snapshot: Co-op Food turnaround gathers pace
Co-op Group like-for-like food sales increased 3.5% in the first half as the retailer relaunched its Irresistible own lable range, made a commitment to sell only British meat and boosted its Fairtrade pledge. Plus, Compass Group CEO Richard Cousins to step down after a decade at the top.
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NewsChoc Nibbles maker Sweetdreams invests in new factory to feed rapid growth
Chocolatier Sweetdreams has invested £500,000 in a new factory to boost capacity, develop new products and create jobs.
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NewsMedia Bites 20 September: Ocado, Kantar/Nielsen, P&G, Reckitt Benckiser, Müller
Ocado’s third quarter trading update was in focus in today’s papers, alongside the latest market share data from Kantar and Nielsen.
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NewsCity snapshot: Losses widen at Science in Sport on investment in ecommerce and exports
Losses have widened significantly at Science in Sport in the first half as the listed sports nutrition business invested in ecommerce and international growth.
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NewsMedia Bites 19 September: P&G, Finsbury Food, Dairy Crest
The boardroom struggle for power at P&G continues to generate headlines, with results from Finsbury and Dairy Crest also in focus.
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NewsCity snapshot: Ocado boosts sales in Q3 but order size shrinks
Ocado has recorded double-digit increases in revenues in its third quarter but the size of the average customer order continued to shrink. Plus, Kantar and Nielsen reveal that the supermarkets recorded another month of growth; PureCircle full-year profits tumble; Reckitt Benckiser appoints a new chairman; and Eagle Eye shortens annual losses as revenues soar
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NewsKK Fine Foods to invest in jobs and growth after acquisition by Belgian ready meal firm
Fast growing chilled and frozen ready meal supplier KK Fine Foods expects to double turnover and create 200 jobs after the sale of a 90% majority stake to a Belgian firm.