All articles by Ed Devlin – Page 148
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Fever-Tree shares lose momentum on 'encouraging' growth
Fever-Tree became a victim of its own success this week as shares lost some sparkle on Tuesday
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MBO at Park Cakes provides exit for Vision Capital
Own-label cake manufacturer Park Cakes has been sold by private equity owner Vision Capital to the business’ management team for an undisclosed amount.
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90 jobs lost as £9m supermarket potato supplier collapses
A supermarket potato supplier has collapsed after the loss of a major contract, with 90 staff made redundant.
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Media Bites 22 March: Inflation, Fever-Tree, Waitrose
News that inflation hit its highest level since 2013 dominates the business pages this morning. Plus, Fever-Tree eyes new markets after sales and profits fizz in 2016.
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City snapshot: General Mills suffers sales and profits slump
Sales plunged 5% to $3.8bn at General Mills in the third quarter as the US food giant struggled to adapt to changing consumer tastes.
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Food & drink entrepreneurs set for export mission to Paris as Article 50 is set to be triggered
A delegation of independent food and drink entrepreneurs are set to explore the growing French taste for British produce in a trade mission to Paris next week - just two days before the triggering of Article 50.
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Aduna smashes £325k funding target as demand for African-inspired food and drink grows
Health food brand Aduna has hit its £325,000 crowdfunding target just two days after launching the campaign to raise cash for the next stage of growth.
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Media Bites 21 March: Palmer & Harvey in talks with two tobacco giants over sale of stake
Two of the world’s biggest tobacco manufacturers are in talks about a deal to shore up the finances of Palmer & Harvey, according to reports. Plus, the rest of the day’s news, including Tesco international shake-up and Finsbury teaming up with mary Berry.
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City snapshot: Fever-Tree sales and profits continue to soar as UK growth accelerates
Revenues at posh mixer brand Fever-Tree fizzed another 73% higher in 2016 to £102.2m, driven by accelerating growth in its domestic UK, helped by a new listing with Asda.
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Finsbury Food Group bets on Mary Berry to boost flat sales
Finsbury has turned to former Bake Off judge Mary Berry to sweeten sales with a new range of cakes as inflationary cost pressures squeeze the business.
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Karro Food Group set for £180m sale following turnaround
Pork processor Karro Food Group is set to be snapped up by new private equity owners in a deal worth about £180m after a turnaround by backers Endless.
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Chi secures funds to accelerate growth
Coconut water, milk and oil brand Chi has secured £1.5m from high net-worth backers and overseas distribution partners
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Yorkshire Game snapped up ahead of retail push
Game and venison supplier Yorkshire Game has been acquired by former Symington’s CEO David Salkeld meat industry veteran Adrian Lyons in a bid to get more wild products in the supermarket meat aisles
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Media Bites 16 March: National insurance U-turn, Brexit, inflation, Unilever
The embarrassing climb down by Chancellor Philip Hammond over national insurance hikes for the self-employed dominates coverage this morning, with the papers calling it a Tory U-turn.
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City snapshot: Sainsbury's warns of competitive pressures as like-for-like sales decline
Sainsbury’s CEO Mike Coupe has warned this morning of “very competitive” market conditions as like-for-like sales fell 0.5% at the supermarket in its fourth quarter, including a 4% slump in the general merchandise division. Plus, logistics firm Wincanton secures five-year contract with discount retail chain Wilko.
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City snapshot: Ocado remains in double-digit growth but points to pricing pressures
Ocado recorded overall sales growth of 13.3% in the first quarter to 26 February 2017, but CEO Tim Steiner warned of a “change in market pricing dynamics” hitting the industry
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City snapshot: Morrisons turnaround well under way as profits surge
Morrisons has delivered its first year of like-for-like growth and underlying pre-tax profit since 2011/12
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Media Bites 9 March: Budget, Brexit, shrinkflation, Stock Spirits, Restaurant Group
The Budget is, predictably, the main focus for the papers today as Chancellor Philip Hammond set out his post-Brexit path for the British economy.
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Media Bites 8 March: Kantar/Nielsen , inflation, Aldi/Lidl, Budgens, Laurie McIlwee, food waste
The latest Kantar and Nielsen data showing inflation starting to bite and the discounters grabbing record share gets plenty of attention in the papers.
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City snapshot: Stock Spirits in 'much stronger' position after turbulent year
Sales and underlying profits declined at UK-headquartered Stock Spirits Group during a turbulent year for the drinks business, but the new CEO said it was now in a ”much stronger position”. Plus, John Menzies publishes annual results.