All articles by Ed Devlin – Page 152
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NewsCity snapshot: Reckitt warns sales to fall after cyber attack disrupted orders
Dettol and Durex maker Reckitt Benckiser warned its sales have been hit by the global cyber attack that struck companies across the world last month. Plus, a better-than-expected Q3 for ABF; a new CEO at Just Eat; an quarterely update from cider maker C&C; forecourt Applegreen makes its first big move in the US; and Eagle Eye renews Asda contract.
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NewsCanny secures £100k from the crowd to reformulate and target big four listings
Canny plans to use the cash to launch a reformulated version of its chocolate milkshake sweetened with agave and to target supermarket listings.
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NewsMedia Bites 5 July: Sainsbury's, Superdrug, Tesco Bank, Worldpay
Sainsbury’s positive first quarter results draws plenty of attention as the supermarket continued its pursuit of Nisa; Superdrug benefitted from the Kardashian effect as sales and profits soared, Tesco Bank CEO Benny Higgins is stepping down after a decade in charge; and Worldpay shares soar as it reveals advances from two US suitors.
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NewsCity snapshot: Ocado profits tumble as it continues to invest in growth
First-half sales at Ocado rose 12.5% to £713.8m but profits at the online grocer fell almost 20%, basket sizes continued to decline and the debt pile ballooned. Plus, Booker updates on its first quarter ahead of AGM, and grocery inflation continues to rise, according to the BRC-Nielsen shop prices index.
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NewsInnocent back in the black as exports make up majority of total sales
Innocent also bounced back into the black in 2016, with profits of £8.5m compared with a £700,000 loss in the previous year as it increased investments in European markets and NPD.
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NewsAround Noon expands UK presence with Chef in a Box deal
The purchase of Chef in a Box from Donegal Investment Group will allow Around Noon to gain a strong foothold in greater London and provide a platform for further UK expansion.
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NewsOle & Steen set for UK roll-out under new ownership
Danish bakery chain Ole & Steen, which opened its first international store in London at the end of 2016, has been acquired by a new private equity owner for an undisclosed sum.
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NewsMedia Bites 3 July: McColls/Sainsbury's/Nisa, Pizza Express, Innocent
McColls has emerged as the unlikely kingmaker in Sainsbury’s swoop on Nisa, according to the weekend’s papers.
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NewsCity snapshot: Danone agrees $875m Stonyfield sale to French dairy rival Lactalis
Danone has agreed to sell US organic yoghurt brand Stonyfield to its French rival Lactalis for $875m (£672.5m)
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NewsMBO team at Thomas J Fudge's moves on following review
The management team behind a buyout at Thomas J Fudge’s Remarkable Bakery have sold their stakes and left the brand amid a shake-up by private equity backer Livingbridge, The Grocer can reveal.
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Analysis & FeaturesThe trouble with crowdfunding
What’s the success rate for crowdfunded startups? And is there adequate protection, or are punters just punks? We take a look at the winners … and losers
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NewsJBS faces struggle to find a buyer for Moy Park
The Northern Ireland-headquartered supplier is one of the biggest poultry processors in Europe
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NewsMedia Bites 22 June: Tesco, Diageo, Holland & Barrett, Whitbread
Tesco’s plan to close a call centre in Cardiff, with up to 1,000 jobs at risk, gets plenty of coverage. As does Diageo’s eye-catching $1bn acquisition of George Clooney’s tequila brand. Plus, rumours arise that the owner of Superdrug is plotting a £1bn-plus takeover of Holland & Barrett
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NewsCity snapshot: Diageo downs George Clooney's premium tequila brand for $1bn
Diageo is set to pay up to $1bn (£790m) for an upmarket tequila brand started by Hollywood A-lister George Clooney and two friends as the drinks giant aims to tap growing demand for premium tequila.
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NewsABP expands in UK with Linden Foods joint venture as Brexit looms
ABP Food Group is expanding its presence in the UK as part of its Brexit strategy after agreeing to extend its joint venture with Fane Valley Co-op to include Linden Foods.
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NewsMedia Bites 21 June: Tesco, Sainsbury's, Nestlé
A computer glitch at Tesco causing customer chaos, the Sainsbury’s Nisa rumours and a US acquisition for Nestlé all find a spot in this morning’s papers.
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NewsCity snapshot: Sales growth at Costa helps Whitbread with 'good' start to the year
Sales at Costa have increased by almost 9% in the first quarter as owner Whitbread reported a “good” start to the year, but like-for-like growth in the UK for the coffee chain continues to slow.
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NewsShetland Mussels nets multimillion-pound funding package to double production
Rope-grown mussels producer Shetland Mussels has secured a multimillion-pound finance package to help double production.
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NewsDunbia deputy CEO Tony O'Neill to retire
Dunbia has shaken up its management team in the aftermath of the Dawn Meats merger with deputy CEO Tony O’Neill to step down.
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NewsOcado shares surge as City weighs up fallout from Amazon/Whole Foods deal
Ocado shares hit a 10-month high today as speculation mounted that the online grocer had become an acquisition target in the wake of Amazon’s surprise takeover of Whole Foods.