All articles by Ed Devlin – Page 149
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News
Morrisons signs McColl’s supply agreement: What the analysts say
McColl’s Retail Group has signed a deal with Morrisons to supply grocery goods across its estate under the relaunched Safeway brand. Here’s how the analysts reacted.
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NewsFresh-Range smashes £300,000 crowdfunding target in 24 hours
Bristol-headquartered Fresh-Range has so far raised £343,000 from 135 investors on the Seedrs platform in return for an 8% stake, valuing the business at £3.5m.
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NewsCleveland Meat Co collapses with loss of 68 jobs
The collapse of Cleveland Meat Co comes after the FSA shut the business down temporarily in June when it found evidence of “serious deficiencies” at the firm’s Stockton site.
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NewsMedia Bites 31 July: Palmer & Harvey, Booths, Brexit, Scotch whisky
Beleaguered cigarette supply giant Palmer & Harvey has sent out an SOS cash call as a September debt deadline looms; and the family owners of Booths may have to pump more cash into the upmarket northern grocery chain.
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NewsCity snapshot: Tesco delisting hurts Heineken volumes
Heineken has increased first-half sales by 5.7% to €10.5bn (£9.4bn) despite the delisting of its brands by Tesco holding back volume growth.
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NewsM&A activity gains pace as weak sterling spurs bargain hunters
Food & drink deal activity increased substantially in the second quarter
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NewsIrish chocolatier Lily O'Brien's put up for sale
Irish chocolatier Lily O’Brien’s has been put up for sale by its private equity owner with a price tag of €50m (£45m)…
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NewsDanone growth held back by weakness in dairy division
French dairy giant Danone just about stayed in growth in the second quarter and first half of its financial year as it struggled to battle industry challenges in Europe and North America.
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NewsGreencore sees revenues soar 77% on convenience division growth
Sales in the UK and US were up to £636.5m in the sandwich maker’s third quarter
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NewsMedia Bites 27 July: Fever-Tree, chlorinated chicken, horsemeat, Marston's
A bumper pay day for Fever-Tree co-founder and CEO Tim Warrillow as shares in the premium mixer brand soared takes up plenty of column inches in today’s papers.
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NewsCity snapshot: Nestlé misses expectations in first half
Sales at Nestlé in the first half failed to meet expectations despite the benefit of a late Easter.
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NewsFever-Tree shares pop 12% as posh mixer brand upgrades profits forecasts again
Shares have soared more than 12% at Fever-Tree today as UK demand for its posh mixers showed no sign of slowing, with first-half profits more than doubling.
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NewsRefresco swallows Cott bottling business for £1bn
The deal will create the world’s largest independent bottler for retailers and brands in Europe and North America with a combined production volume of approximately 12 billion litres, Refresco said.
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NewsLindt held back by US woes but UK fuels growth in Europe
Lindt increased revenues by 3.1% to 1.5bn Swiss francs (£1.2bn) in the first six months of 2017 despite a stagnating chocolate market, partly thanks to “very good” results in the UK, but it cut full-year forecasts due to struggles in North America.
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NewsMedia Bites 25 July: Reckitt Benckiser, McColl's, shrinkflation, Tesco
Reckitt Benckiser’s half-year results get plenty of traction in the papers today as the Dettol maker strugglesto shake off the impact of last month’s cyber attack. Results at McColl’s are also in focus, as is an ONS report on shrinkflation.
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NewsCity snapshot: Sales fizz at Fever-Tree on UK performance
Sales have soared 77% at premium mixer brand Fever-Tree to £72m in the first half on the back of “exceptional” growth in the UK. Plus, the latest UK supermarket market share data from Kantar Worldpanel and Nielsen; Refresco to acquire Cott’s bottling operations for $1.3bn; Lindt reveals growth in stagnating chocolate market; and PZ Cussons continues to struggle in Africa as it reveals full-year results.
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NewsCampari sells Carolans and Irish Mist for £126m
Italian spirits group Gruppo Campari has off-loaded its Carolans and Irish Mist brands to US firm Heaven Hill Brands for $165m (£126.7m).
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NewsCranswick sales soar on UK volume growth in Q1
The group reported that like-for-like sales, excluding contributions from the acquired Dunbia Balleymena and Crown Chicken businesses, in the three months to 30 June grew 21% compared with a year ago.
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NewsQuorn to invest £150m in factory as exports boom
The meat substitute brand also revealed soaring global growth as its focus on exports following the takeover by Philippines-headquartered Monde Nissin in 2015 began to pay off.
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NewsKP debuts in popcorn with vow to restore growth to Butterkist
KP Snacks CEO Mark Thorpe is confident of reigniting strong growth at Butterkist