All articles by Ed Devlin – Page 150
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Analysis and Features
Will Warren Buffett and his Kraft-Heinz mob be back?
The £115bn bid for Unilever has been called off, but it’s sent shockwaves through the fmcg sector
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News
Cauli Rice hits over £3m in crowdfunding
Cauli Rice has raised £1.4m from a massively oversubscribed crowdfunding campaign – more than £1m higher than its initial
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News
Cotswold Raw picks up private funding to hike production
Premium dogfood startup’s crowdfunding campaign failed to hit its £250k target
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News
Glanbia sells off Irish dairy division for £95m to form jv with farmers co-op
Glanbia has agreed to sell off a controlling stake in its Irish diary business to the Glanbia Co-operative Society for €112m (£94.8m).
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News
Media Bites 22 February: Asda, business rates, Burger King
Asda provided an update on its turnaround attempt yesterday, revealing like-for-like sales declined for the tenth quarter in a row with a 2.9% fall in the final three months of its financial year.
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News
City snapshot: Christmas hampers boost first-half sales and profits at Hotel Chocolat
Luxury chocolatier Hotel Chocolat has reported sweet growth in first-half sales and profits thanks to new store openings and strong Christmas trading.
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News
Media Bites 21 February: Kraft Heinz failed bid for Unilever examined
The fallout from Kraft Heinz tilt at Unilever continues to generate significant column inches in the papers today.
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Comment and Opinion
Kraft Heinz wash-up will put ‘Persil Paul’ and Unilever growth in the spotlight
With the announcement that the offer is off the table from the Americans, we ask where does all this manouvering leave Unilever and Kraft Heinz?
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Analysis and Features
Kraft Heinz moves on Unilever: a sign of desperate times for big food?
What happens now? How likely is Kraft Heinz to up its bid price? And will CEO Paul Polman allow the company to slip from his control?
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News
Nestlé investors unimpressed with end of growth model
It was a baptism of fire for Nestlé CEO Ulf Mark Schneider as Nestlé published the first set of annual results under his leadership …
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News
Symington's sees £6m loss as cooking sauce brands struggle
A raft of delistings for the Chicken Tonight and Ragu brands led the ambient food manufacturer to restructure the group
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News
Kraft Heinz promotional activity hurts European sales
Sales slumped 3.7% to $6.9bn (£5.5bn) at Kraft Heinz in the fourth quarter, partly driven by increased promotional support in the UK.
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News
Poundshop secures £2m funds from Foresight to fuel growth
Poundshop.com has secured a £2m investment to accelerate growth with backing from venture capital firm Foresight
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News
Media Bites 16 February: Heineken, Brexit, Waitrose, Danone, PepsiCo
Heineken’s results in the week it bought Kirin’s Brazil business was picked up by most papers. Plus the EU is worried over an influx of ‘British champagne’ once Brexit ends food naming rules.
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News
City snapshot: Nestlé expects subdued 2017 as growth slows again in 2016
Organic growth at Nestlé slowed for the fifth year in a row in 2016 as trading in the final quarter came in below expectations, with the Swiss food giant giving a subdued outlook for 2017
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News
PepsiCo strength at home adds fizz to Q4 sales
PepsiCo boosted sales 5% in its fourth quarter to $19.5bn thanks to steady demand in its domestic US market and a 53rd week in the financial year.
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News
Heineken continues acquisition hunt with £563m Kirin deal in Brazil
Heineken has acquired the Brazilian operation of Japanese brewer Kirin for €664m (£563.4m) as it battles to keep up with AB InBev in the wake of the AB InBev mega-merger with SAB Miller
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News
Warren Buffett offloads majority of remaining Walmart shares
Veteran investor Warren Buffett has sold off almost all his remaining shareholding in Asda owner Walmart in favour of backing airlines, Monsanto and Apple.
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News
City snapshot: Premium brands and cider boost Heineken results
Heineken has reported a “strong” set of results for 2016 as a 3.7% jump in premium beer volumes drove revenue higher and the success of Strongbow Dark Fruit helped the Dutch brewer win share in the cider market. Plus, Danone reports full-year results.
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News
Inflation leaps to highest level since June 2014 as food prices rise
Inflation has hit its highest rate for two-and-a-half years, driven by the dramatic slowdown in falling food prices since the EU referendum and rising fuel costs at the pumps.