All articles by Ed Devlin – Page 153
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NewsCity snapshot: Kerry Group sales growth held back by weak pound
Kerry Group has increased first-half sales by 4.8% to €3.2bn despite a decline in its consumer food division as the weak pound and increased raw material pricing took a toll.
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NewsMedia Bites 9 August: McDonald's, BAT, Diageo, Worldpay
The papers delve into McDonald’s plans to double the number of stores it has in China; BAT raises $17bn in second largest bond deal of the year; Diageo boss Ivan Menezes’ pay drops; and Worldpay secures £9bn Vantiv deal.
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NewsCity snapshot: Ahold Delhaize feels the benefit of €9.8bn merger as sales and profits grow
Synergies stemming from the €9.8m mega-merger have boosted margins at European food retailer Ahold Delhaize in its second quarter. The group reported a “strong” quarter of sales and profits growth. Plus, Premier Foods appoints a new chairman to replace David Beever; and Stock Spirits Group continues to make progress with turnaround
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NewsCool Cold Brew coffee startup targets retailers after smashing £100k crowdfunding target
Cool Cold Brew is currently in talks with multiple retailers, including Selfridges and Sainsbury’s, with the aim of winning listings for its new four-strong range next year
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NewsGeary’s Bakeries secures £4.5m funding boost
Supermarket and sandwich manufacturer supplier Geary’s Bakeries is expanding its factory after securing a £4.5m investment package.
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NewsFruit Bowl kids' snacking brand falls into the red
Revenues in the nine months to 30 September 2016 declined to £9m, compared with £13.9m in year ended 31 December 2015
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NewsC&C spearheads craft drive via recently acquired Orchard Pig
C&C Group is looking to bolster its craft portfolio to tap the growing trend for more premium beers and cider
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NewsKarro looks to build on turnaround under CapVest ownership
Underlying profits at Karro Food Group jumped another 9% in 2016 as the pork supplier added £67m to its top line
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NewsMedia Bites 3 August: B&M Bargains, Asda, Mondelez, Green & Black's
Further M&A activity in the convenience channel as B&M Bargains buys Heron Foods jockeys for position in the media coverage with tumbling profits at Asda.
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NewsCity snapshot: Hilton Food Group confirms approach for Icelandic Seachill
Tesco red meat supplier Hilton Food Group has confirmed it is in talks to acquire Saucy Fish Co owner Icelandic Seachill, which was put up for sale in April. Plus,
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NewsCheckoutSmart expands overseas with acquisition of German cashback grocery app Scondoo
Cashback app CheckoutSmart has acquired German mobile shopping reward company Scondoo to extend its reach in Europe.
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NewsB&M Bargains snaps up Heron Foods in £152m deal
B&M said its initial plans to expand and develop the Heron business include opening between 10 and 20 new stores per annum.
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NewsMedia Bites 2 August: McColl's/Morrisons, Greggs, BAT, Impossible Foods
The surprise landmark supply deal agreed by McColl’s and Morrisons is in the spotlight in today’s papers. Plus, Greggs to roll-out drive-through stores and British American Tobacco under formal investigation by the UK’s Serious Fraud Office over claims that it bribed officials in east Africa to undermine anti-smoking laws.
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NewsCity snapshot: Irn-Bru revamp boosts AG Barr sales but margins squeezed
A revamp of Irn-Bru helped push sales at AG Barr up 8% to £136m in the first half
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NewsReal Good Food shares collapse on profit warning and accounting issues
Shares in Real Good Food crashed more than 30% after accounting issues forced the cake decoration business to issue a profits warning, with EBITDA to be £3m lower than expected.
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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.