All articles by Ed Devlin – Page 146
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News
Icelandic Seachill to be put up for sale 'within weeks'
Seachill is currently the last remaining food business within the Icelandic Group
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News
Bonds owner Innovative Bites swoops for Hancocks in £100m deal
American food wholesaler Innovative Bites has swooped to add Hancocks Cash & Carry to its growing confectionery empire in a deal worth about £100m, The Grocer can reveal.
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Analysis and Features
Tesco results: what the analysts say
Tesco’s UK-like-for-like sales were up 0.9% in the year – its first reported full-year growth for seven years. Here’s how analysts have reacted
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News
Food sales increase in March thanks to inflation but hopes rest on Easter
Food retailers managed to record growth in March but the rise was mainly driven by inflation as the sector pins its hopes on a bumper Easter.
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News
Media Bites 11 April: Tesco, Mondelez, Tim Hortons, Whole Foods
It was a fairly quiet start to the week for the grocery/fmcg world in the papers ahead of the Easter break, but Tesco stays in the headlines as its fine for the accounting scandal is approved in court.
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News
City snapshot: Majestic Wine retail MD John Colley steps down
Majestic Wine MD John Colley is leaving the wine retailer a little more than 18 months after joining to take a new role closer to his young children in the South of England
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News
City snapshot: BrewDog sells 22% to US PE firm for £213m
BrewDog has offloaded a 22% stake to a US private equity house in a deal valuing the craft brewer £1bn.
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News
Media Bites 10 April: Tesco, Unilever, BrewDog, ABF, McCormick/Reckitt
Tesco gets some heavy coverage this weekend ahead of its latest annual results on Wednesday. Plus, Unilever continues to generate interest from the papers; and BrewDog sells a 22% stake to a US private equity house for £213m, valuing the brewer at £1bn.
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News
Unilever 'Sprexit' and strategic review: what the analysts say
The results of Unilever’s much-anticipated strategic review didn’t come as a great surprise to the City, but what did the analysts make of the announcement.
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News
As Reckitt sells off food, KPMG predicts fresh wave of M&A activity
Reckitt Benckiser’s sell-off of its food division is “just the start of a wave of M&A activity for fmcg companies”.
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News
Tayto Group sees profits slump on sales decline and investment
Pre-tax profits at Tayto Group more than halved to £3.1m last year as sales declined and the Northern Irish snack maker continued to invest in the business.
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News
Bernard Matthews confirms 114 redundancies as it ceases chicken production
A spokesman for 2 Sisters owner Ranjit Singh’s private office confirmed more than 80 chicken production staff and about 30 managerial roles at the Great Witchingham headquarters have been made redundant
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News
Walgreens Boots revenues slump despite 'solid' Christmas for UK stores
A Christmas sales boost at Boots in the UK was not enough to stop a decline in group revenues at parent Walgreens Boots Alliance during the second quarter.
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News
Tesco to cut more night shifts and 24-hour opening at stores
Tesco is ploughing ahead with more changes to its service model at a further 69 stores, with 3,000 staff facing redundancy as a result
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News
Real Good Food buys majority stake in Brighter Foods
Real Good Food has acquired a majority stake in Welsh snack food manufacturer Brighter Foods for up to £9m.
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News
Media Bites 5 April: Palmer & Harvey, Nisa, Kantar/Nielsen, sugar tax
Wholesaler Palmer and Harvey is set to announce that weeks of uncertainty about the future of the business are now over after it secured a deal with two of the world’s biggest tobacco companies, according to reports. Plus, Nisa boss warns of “enormous pain” after Tesco/Booker merger; and the papers’ takes on Kantar and Nielsen market share data.
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News
City snapshot: Food prices soar at fastest rate for two years
Prices in supermarkets rose at the fastest pace for two years last month, with food inflation accelerating to 1% in March. Plus, wholesaler Palmer and Harvey signs lending deal with two tobacco giants
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News
Clearly Drinks acquired by PE firm NorthEdge Capital
Soft drinks manufacturer Clearly Drinks Group has secured the backing of private equity firm NorthEdge Capital as consumer demand for flavoured water grows.
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News
350 jobs at risk as M&S, Magnum and Ginsters packaging maker collapses
Consumer goods packaging manufacturer Pulse Flexible Packaging, which works with the likes of M&S, Samworth Brothers, Unilever and Walkers Shortbread, has collapsed, putting 350 jobs at risk.
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News
CP Foods acquires Westbridge Food to grow poultry exports to UK and EU
Poultry supplier Westbridge Food Group has been snapped up by Thai food conglomerate CP Foods in a deal worth £60m.