All articles by Ed Devlin – Page 146
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NewsCity snapshot: McBride sales slump in competitive markets
Revenues at McBride fell by £44.5m – or 5.9% – to £705.2m, with household sales lower by 5.8% and personal care & aerosols down 6.3%, as the household goods manufacturer completed the first stage of its ‘Repair, Prepare, Grow’ strategy. Plus, Imperial Brands raises £231m in sell-down of share in Logista.
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NewsRefresco shareholders approve £1bn takeover of Cott's bottling operations
Refresco shareholders have given the Dutch soft drinks bottler and contract packer the green light for its $1.3bn (£1bn) takeover of the bottling operations of Canadian drinks manufacturer Cott.
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NewsMedia Bites 6 September: AG Barr, Barry Callebaut, Asda
Irn-Bru maker AG Barr has warned that a Scottish plastic bottle deposit return scheme, in which consumers would be refunded if they recycled containers, could be subject to fraud and abuse.
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NewsCity snapshot: Food and drink industry 'alarmed' over leaked Home Office plans for EU migrants post-Brexit
Leaked Home Office documents outlining a strict immigration policy to force all but the most highly skilled EU migrants to leave the UK after Brexit show a “deep lack of understanding” of the important contribution European workers make across the food chain, the industry has warned.
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News150 jobs saved as Waitrose cake maker More Food acquired in pre-pack deal
A rescue deal at Waitrose and Budgens cake supplier More Food has saved 150 jobs after rising commodity prices following the Brexit vote and substantial costs related to a move to new facilities squeezed the business.
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NewsInnis & Gunn seeks green light to sell £15m stake to US private equity firm
Innis & Gunn has followed in the footsteps of fellow Scottish craft brewer BrewDog and attracted the interest of a US private equity firm
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NewsWild Card Brewery seeks £250k from crowd to boost capacity
The London-based brewery and bar operator is seeking £250,000 from a Crowdcube campaign in return for a 7.2% stake
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NewsGrowth slows as dairy and meat hikes pile pressure on Higgidy
The business warned margins were under pressure in the new financial year
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NewsLittle Dish heads to US in £17m deal with Profile Capital
Profile Capital has acquired a majority stake in Little Dish valuing the healthy children’s food brand at $21.5m (£17m)
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NewsWarren Buffett rules out second Kraft Heinz approach for Unilever and says 'no' to Mondelez bid
Kraft Heinz backer Warren Buffett has ruled out a second tilt at Unilever and quashed rumours that the food conglomerate’s next target is a reunification with Mondelez.
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NewsMedia Bites 31 August: Co-op/Nisa, Unilever/Kraft Heinz, M&S, Pizza Express, Poundland
The papers cover the latest M&A development in the convenience store sector as the Co-op enters exclusivity to buy Nisa.
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NewsCity snapshot: McColl's boosts sales 31% in "significant" quarter
Revenues have jumped 31% at McColl’s Retail Group in the third quarter as the convenience retailer integrated almost 300 Co-op stores into the business. Plus, Premier Foods completes signing of Cadbury cake agreement with Mondelez; Pernod Ricard reports full-year results; and Total Produces reveals half-year figures.
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NewsUK fruit and veg shields shoppers from rising prices in supermarkets
Home-grown fruit and vegetables have helped ‘keep a lid on’ rising prices in the supermarkets in August
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NewsMedia Bites 30 August: Amazon/Whole Foods, BrewDog, inflation, M&S
The papers examine how the takeover of Whole Foods by Amazon has shaken up investor confidence in the food retail market. Plus, BrewDog unveils plans to give away 20% of profits; and shop prices rise again.
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NewsCity snapshot: 'Strong' travel performance keeps WH Smith on track
WH Smith has said this morning that its annual results will be in line with expectations, with the travel division of branches in airports and train stations continuing to put in a “strong performance”. Plus, food price inflation accelerates in August as ambient prices rise at fastest price for almost four years; and M&S opens talks with franchise partner Al-Futtaim for potential purchase and franchising of the owned retail business in Hong Kong and Macau.
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NewsWeak pound pushes down Duerr's profits
Profits have slid almost 20% at conserve maker Duerr’s as the weak pound and low sector growth hit the business
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News$11bn wiped from supermarket and food & drink shares as Amazon fires gun on price war
More than $11bn (£8.6bn) has been wiped off the value of the world’s largest supermarkets and food and drink manufacturers
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NewsYorkshire dragons fuel Masons growth plans
Masons Yorkshire Gin has agreed a £300,000 investment from two well-known Yorkshire food and drink entrepreneurs
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NewsCity snapshot: Amazon fires the gun on Whole Foods price war
Amazon has signalled the start of a grocery price war to start on Monday once its $13.7bn (£10.7bn takeover of Whole Foods completes.
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NewsMedia Bites 25 August: Costcutter, Amazon/Whole Foods, Steinhoff
The papers follows up The Grocer’s exclusive that Costcutter is close to unveiling a deal as the corner-shop chain becomes the latest retailer to be jolted into dealmaking in response to Tesco’s £3.7bn swoop on Booker. Plus, Amazon kicks off battle with Walmart as prices to fall at Whole Foods.