All articles by Ed Devlin – Page 147
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Reckitt Benckiser to sell French's and Frank's Red Hot brands
Sale would be used to reduce Reckitt’s debt created by the Mead Johnson Nutrition Co announced in February.
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Reckitt Benckiser lines up sale of French's and Frank's Red Hot
Reckitt Benckiser has announced it is beginning a strategic review of its food business, which includes French’s sauces and Frank’s Red Hot sauces.
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Media Bites 3 April: Tesco, Reckitt Benckiser, Premier Foods, Co-op, M&S
Tesco remain firmly in the papers over the weekend as its Booker merger continues to enthral the media. Plus, Reckitt Benckiser lines up the sale of its food division.
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Danone to offload Stonyfield to push through $12.5bn WhiteWave deal
Danone has agreed to sell one of its US dairy subsidiaries to speed up the completion of the $12.5bn acquisition of US plant-based food group WhiteWave.
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Booker shares fall as Tesco shareholders protest merger
It comes as Booker reported a strong end to its financial year
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Media Bites 31 March: Booker, P&H, Imperial Brands, Carr's
Booker Group’s fourth quarter trading update was heavily featured in all the papers as the imminent £3.7bn Tesco takeover generates plenty of interest in the wholesaler.
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City snapshot: Consumer confidence remains subdued in March
Consumers confidence remained stuck in the doldrums in March as Brexit concerns continue to loom and wages fail to keep up with inflation
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Birds Eye owner Nomad falls to a Q4 loss but says conditions improving in the UK
Birds Eye and Findus owner Nomad Foods recorded a loss in the fourth quarter of 2016 but the decline in the UK market slowed as the group battled to turnaround its performance in the challenging frozen market.
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The Cotswold Distillery secures £1.5m in funding round as craft spirits demand soars
The Cotswold Distillery has raised more than £1.5m in a fundraising round to keep up with higher-than-expected demand for its new whisky.
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Media Bites 29 March: Tesco, article 50, Weetabix, Irn-Bru
Tesco continues to fall under the media glare in Tuesday’s papers as it agreed to pay a whopping fine to avoid prosecution in the fraud case.
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City snapshot: Coffee chain perks up sales and profits at Welsh brewer Brains
Welsh brewery Brains has continued to benefit from its expansion into coffee as profits soared 23% to £5.5m last year
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Cornish pasty maker Rowe’s acquired by turnaround specialist
Lossmaking Cornish bakery chain Rowe’s has been snapped up by global turnaround specialist Iberia Industry Capital for an undisclosed amount.
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AG Barr profits sparkle as Irn Bru maker cuts sugar across its range
Shares in the Irn-Bru maker fizzed 2.2% higher to 559.5p on the back of its results in the year to 28 January.
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Tesco fraud fine and agreement: what the analysts say
Analysts react as Tesco reaches agreement with the SFO
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CapVest confirms acquisition of Karro Food Group
Private equity firm CapVest has confirmed it has agreed to acquire pork processor Karro Food Group from Endless, as revealed by The Grocer on 17 March.
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99p Stores falls into administration
Poundland has placed 99p Stores into administration a little more than two years after the fixed-priced retail chain snapped up 250 stores from its rival
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Moju secures first major supermarket listing in Waitrose
Veggie juice start-up Moju has secured its first major supermarket listing as part of the food-to-go offering in Waitrose.
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Preva Produce creditors face uncertain wait for £4.7m owed after fraud pushed supplier under
Potato processor Preva Produce was pushed into administration last year following the discovery of fraud and accounting irregularities, according to documents filed at Companies House.
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City snapshot: Sales hit by weak pound at fmcg packaging supplier Robinson
Revenues slumped 6% at packaging manufacturer Robinson in 2016 as volume fell 8% and the group was hit by adverse currency exchange movements.
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Hops specialist Charles Faram secures £6m bank funding to meet growing US demand
Hops merchant Charles Faram has expanded its presence in the US to fuel the craft beer boom after securing a £6m bank funding package.