All articles by Ed Devlin – Page 151
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Media Bites 14 February: Heineken, Ocado, Tesco, Champagne prices, Co-op Bank
Heineken’s second acquisition in as many months is covered this morning. Plus, a note from Bernstein analysts warns that Ocado might run out of cash before it has time to strike an overseas deal.
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City snapshot: Shoppers expect rapid price rises in 2017
The majority of consumers are feeling the pinch from rising prices over the past year and expect more rapid hikes to come in the next 12 months in the wake of Brexit, according to market research firm GfK.
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Media Bites 13 February: Reckitt Benckiser, Tesco/Booker, M&S
Reckitt Benckiser’s $17.9bn acquisition of baby formula firm Mead Johnson comes under scrutiny in this weekend’s papers. Plus, the Tesco/Booker merger will spark a massive offensive on click-&-collect growth, Dave Lewis says.
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City snapshot: Footfall declines at fastest pace since Brexit vote
Consumers avoided the high street in January as footfall declined at its fastest rate since June last year, according the latest data from BRC – Springboard.
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Dairy Crest shares fall on warning of high net debt
The spectre of rising costs spooked Dairy Crest investors on Thursday morning
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Ten Acre named as 'Export Champion' by government
The rapidly growing crisps and popcorn brand already exports to more than 40 countries
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Media Bites 10 February: Waitrose, Carlsberg, Tate & Lyle, Dairy Crest
Waitrose store closures hit the papers.
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City snapshot: Reckitt Benckiser agrees $17.9bn deal for Mead Johnson
Durex owner Reckitt Benckiser is to acquire baby formula firm Mead Johnson Nutrition Co in a deal worth $17.9bn
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Kellogg profits grow faster than expected but UK drags on group sales
US food group Kellogg has beaten profit expectations in the fourth quarter despite revenues falling for the eighth reporting period in a row, with conditions particularly difficult in the UK.
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Rejuvenation Water beats funding target as it unveils first overseas listing
Soft drinks start-up Rejuvenation Water has overtaken its £150,000 crowdfunding target after money flooded in from investors as the brand revealed an international listing with Dubai’s largest supermarket chain Spinneys.
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Bleiker’s Smokehouse nets funding for growth ambitions
Smoked salmon producer Bleiker’s Smokehouse has secured £3.9m in bank funding to expand its capacity to keep up with the demand from new contracts with Morrisons and Aldi.
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Cauli Rice smashes £400k target in new crowdfunding round
Cauli Rice has raised more than £2m across four rounds of crowdfunding stretching back to September 2014.
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Aldi overtakes Co-op to become UK's fifth biggest food retailer
Sales at the German discounter were up 12.4% to £1.7bn in the 12 weeks to 29 January
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Media Bites 7 February: Metro, Ajinomoto, Boots, Tyson Foods
It’s a quiet morning in the papers for UK grocery news, but there are a few international stories, including Metro shareholders voting overwhelmingly in favour of the German retail conglomerate’s plans to split in two.
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City snapshot: Aldi knocking on the door of big four
Aldi has accelerated passed Co-op to take its place as the fifth biggest food retailer in the UK, the latest Kantar Worldpanel data has revealed. Plus, the latest figures from Nielsen and the BRC - KPMG retail monitor for Jannuary.
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Food chain traceability specialist Arc-net secures £2m investment
Irish start-up Arc-net, a specialist in food chain traceability, has secured a £2m investment from the founder of one of the world’s largest medical outsourcing firms to support its rapid growth.
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Food packaging firm Excelsior Technologies acquired by Mondi in £33m deal
Food packaging producer Excelsior Technologies has been snapped up for £33m by global firm Mondi Group.
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Ocado shares rise and fall as profits improve
Patient Ocado shareholders received a boost on Tuesday as the online grocer posted better-than-expected full-year profits
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Tayto grows popcorn with Portlebay rescue
Tayto hopes to tap booming appetite for popcorn after putting together a pre-pack rescue deal for premium brand Portlebay
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Media Bites 3 February: Reckitt Benckiser, Tesco/Booker, lettuce crisis, Aldi, business rates
Talks between Durex maker Reckitt Benckiser and baby formula firm Mead Johnson to thrash out terms of a £13.2bn takeover dominate the business pages today.