All articles by Ed Devlin – Page 152
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NewsMedia Bites 23 August: Lidl, Bayer/Monsanto, Asda, sugar
With grocery stories continuing to be slim pickings as the UK gears up for the bank holiday weekend, the latest market share from Kantar Worldpanel and Nielsen generates some column inches.
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NewsCity snapshot: 250 jobs at risk as Finsbury Food Group plans to close Grain D’Or bakery business
Finsbury Food Group is proposing to close its lossmaking Grain D’Or business, leaving 250 jobs at risk.
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NewsCreative Nature turns down Dragons' Den investment
Healthy snacking brand Creative Nature is in talks with private investors after turning down the £75,000 secured during an appearance on Dragons’ Den.
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NewsMedia Bites 22 August: Great British Bake Off, vanilla prices, Johnson & Johnson, Co-op Group
One of the new judges for The Great British Bake Off has made an advertising faux pas by suggesting viewers can watch the Channel 4 show online and skip the adverts.
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NewsCity snapshot: Disappointing summer halts supermarket growth as soft drinks, burgers and ice cream sales fall
A combination of a cooler weather and people heading off on summer holidays has put a stop to two months of consecutive sales growth for the UK supermarkets, according to Nielsen. Plus, Lidl increases market share to new record high of 5.2% – up 0.7 percentage points year on year – to become the UK’s seventh largest grocer, according to Kantar Worldpanel.
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NewsTesco Extra store in Bristol snapped up for £28.5m by supermarket investment firm
Property investment firm Supermarket Income REIT, which floated on the London Stock Exchange in July, has purchased the freehold of a Tesco Extra store in Bristol for £28.5m.
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NewsCastle Dairies returns to double-digit growth
Welsh butter producer returns to double-digit growth as investment in its factory pays off and exports to Europe rise
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NewsFlorette snaps up prepared salad site in Lancashire from William Jackson
Fresh produce supplier Florette has acquired the Lancashire site of MyFresh Prepared Produce from the William Jackson Food Group for an undisclosed sum.
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NewsSouthern Salads collapses after feeling Brexit effect
Supermarket salad supplier Southern Salads has collapsed, with the loss of 260 jobs, after being squeezed by the weak pound and higher import prices for its produce sourced from Europe
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NewsMedia Bites 17 August: Carlsberg, Poundland/Toblerone, Argos, Amazon, Brexit
Danish brewer Carlsberg revealed it had lifted profits and revenues in its first half but volumes had declined; Poundland claims Toblerone’s shape not distinctive enough to be valid trademark; Argos shamed over pay; Amazon to create more UK jobs as it faces US backlash; and the UK government publishes a position paper on the Irish border.
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NewsCity snapshot: Weak pound pushes Southern Salads over the edge, with 260 job losses
Supermarket fresh salads supplier Southern Salads has fallen into administration after being squeezed by the slump in value of sterling following the EU referendum in June 2016. Plus, Australian wine producer Treasury Wine Estates reports full-year results.
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NewsReal Good Food secures £2m bank overdraft to plug short-term funding hole
Struggling Real Good Food has agreed a £2m bank overdraft to plug a hole in its finances following a profits warning and a board shake-up earlier this month.
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NewsMars Food builds healthy portfolio with acquisition of Tasty Bite
Mars Food has agreed to acquire the owner of all-natural Indian and Asian food brand Tasty Bite, which has been sold in UK supermarkets since 2016.
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NewsMoy Park continues growth as profits slump at troubled JBS
Moy Park has increased revenues in the second quarter, but profits slumped 80% at its beleaguered Brazilian parent company JBS, which put the Northern Irish poultry processor up for sale earlier this year to raise money to pay off growing debts.
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NewsMedia Bites 15 August: Sainsbury's/Nisa, Aldi, Danone, John Menzies
All the papers pick up The Grocer’s exclusive that Sainsbury’s have ended its exclusive talks for a £130m Nisa takeover, with the Co-op waiting in the wings.
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NewsCity snapshot: Sainsbury's steps back from the race to buy Nisa
Sainsbury’s has hit the pause button on its potential £130m takeover of Nisa until after the competition watchdog makes its ruling on the bigger Tesco acquisition of Booker. Plus, sales and profits rise at Moy Park in the second quarter; and profits fall at John Menzies as it is hit by costs related to failed demerger of distribution arm.
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NewsPlenish replenishes growth engine with £1.5m PE injection
Cold-pressed juice brand Plenish has raised £1.5m in its second funding round – valuing it at £10m
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NewsCity news: Coca-Cola HBC fizzes to the top
Coca-Cola HBC (CCH) fizzed to the top of the FTSE 100 this wee
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Analysis & FeaturesAll you need to know about the B&M takeover of Heron Foods
What is the rationale behind the latest convenience shake-up?
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NewsMedia Bites 10 August: AB InBev, Premier Foods, Unilever, Morrisons, Worldpay
AB InBev has agreed a 50/50 joint venture with Turkish brewer Efes for its businesses in Russia and Ukraine; Premier Foods appoints a new chairman; Unilever bows to investor pressure; Morrisons vows not to adopt fake farm brands; and Worldpay takeover puts jobs at risk.