All articles by Ed Devlin – Page 149
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Analysis & FeaturesPower list: the most influential shareholders in grocery
The influential activist investors worming their way into boardrooms across the globe
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NewsMcColl's breaks £1bn sales barrier thanks to new stores
Total revenues in 2017 jumped 19.1% to £1.1bn following the integration of the 298 shops acquired from Co-op
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NewsAppetise cuts crowd valuation in bid to reach target of £500k
Online takeaway service Appetise has slashed its valuation in the hopes of drumming up interest
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NewsThe Collective set for 'racy' stake valuation
High-end yoghurt brand The Collective is holding talks with potential investors in the UK and New Zealand
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NewsMedia Bites 23 February: British American Tobacco, Unilever
The papers delve into the latest annual results from British American Tobacco, which saw its profit jump thanks to the acquisition of rival tobacco giant Reynolds.
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NewsCity snapshot: The Collective in talks for investment to accelerate rapid growth
Premium yoghurt brand The Collective is holding talks with potential investors in the UK and New Zealand to secure cash to accelerate its already rapid growth. Plus, Finsbury Food has refinanced its debt facilities to allow the business the option to explore future growth opportunities.
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NewsMedia Bites 22 February: Unilever, Hotel Chocolat, Arla, KFC
The UK government is bracing for Unilever to choose the Netherlands over the UK for its new unified headquarters. Plus, results from Hotel Chocolat and Arla both gain coverage this morning.
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NewsCity snapshot: Sales and profits heating up at British American Tobacco
Revenues and profits have soared at British American Tobacco as the cigarette giant completed its £41.8bn takeover of rival Reynolds and continued to take advantage of the growth of next generation products. Plus, profits slump at private label group McBride as inflationary pressure in its personal care & aerosols business saw the division slump to a trading loss.
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NewsMeadow Foods kicks off acquisition drive with takeover of ghee maker Roil Foods
It is the first deal at Meadow since US private equity firm Paine Schwartz Partners took a stake in the processor in late 2016 to help fund organic growth and strategic acquisitions.
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NewsMedia Bites 19 February: Matt Davies, Tesco, Reckitt Benckiser, Greene King
The former UK boss of Tesco is to become one of the FTSE 350’s youngest chairman after landing a job at online retailer N Brown.
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NewsCity snapshot: Sales surpass £1bn at McColl's
Annual sales at McColl’s Retail Group smashed through the £1bn barrier last year thanks to the rapid expansion of its store portfolio. Plus, a return to growth in the fourth quarter failed to lift Reckitt Benckiser as the Dettol to Durex maker reported flat like-for-like sales for 2017.
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NewsTough Christmas sees Ultimate Plum Pudding Company collapse
All 20 employees at the Cumbrian company have been made redundant
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NewsNestlé reports slowest growth this century
Consumers have continued to shun mainstream packaged food in favour of cheaper own-label or healthier snacks
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NewsMedia Bites 16 February: Nestle, Tesco/Booker, Lidl
Annual results for Nestlé and worrying developments for the Tesco/Booker merger ahead of the shareholder vote make the papers today.
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NewsCity snapshot: Growth accelerates in the second half for Danone
Accelerating growth in the second half helped French food giant Danone hike like-for-like sales by 2.5% to €24.7bn in 2017. Plus, Coca-Cola European Partners said it had beaten expectations in the first full year since its formation, but strong growth of Coke Zero was offset by decline in its other trademark brands.
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NewsMedia Bites 15 February: Tesco/Booker, Danone, Coca-Cola HBC, Tangerine Confectionery
An activist US hedge fund trying to push Tesco to pay more for Booker claims that a growing number of shareholders supports its position.
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NewsNestlé misses growth expectations as sales falter in fourth quarter
Full-year profits at Nestlé slumped as sales growth at the Swiss food giant came in below expectations after a sluggish fourth quarter
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NewsSHS Group acquires Meridian and Rocks owner 3V Natural Foods
Northern Irish consumer goods company SHS Group has acquired a majority stake in nut butter brand Meridian to add to its growing portfolio of brands, as tipped by The Grocer last month.
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NewsNestlé acquires plant-based brand Terrafertil
Nestlé has made further strides into the plant-based food sector with the acquisition of a majority stake in Latin American brand Terrafertil, which has a growing presence in the UK health market.
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NewsMedia Bites 12 February: Unilever, Tesco, Morrisons, 2 Sisters
Unilever creates waves this morning after threatening to pull marketing spend from platforms failing to tackle fake news, protect children, promote hate or create division in society. And a secret plan by Tesco to launch a discount chain dominates the weekend papers.