All articles by Ed Devlin – Page 153
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NewsMedia Bites 20 June: Whole Foods, Amazon, Ocado, Supermarket Income REIT
Whole Foods shares rose above Amazon’s $42 all-cash offer as investors bet a rival retailer could gatecrash the $13.7bn offer made by the ecommerce giant for the upmarket grocer.
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NewsCity snapshot: Supermarket store investor to float on LSE
Supermarket Income REIT plc plans to raise £200m in a placing to buy stores rented on long leases to the likes of Tesco, Sainsbury’s, Morrisons and Asda. Plus, Ocado shares surge 11% on back of Amazon takeover of Whole Foods; and Sainsbury’s rise on Nisa bid rumours.
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NewsElla's records 11th successive year of double-digit growth
Profits have soared by almost 50% at Ella’s Kitchen as it recorded an 11th successive year of double-digit sales growth
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NewsCity snapshot: Majestic Wine slips into the red but is 'past the tipping point'
A “very strong” second half was not enough to keep Majestic Wine out of the red as the wine retailer recorded pre-tax losses of £1.5m.
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NewsHalo Coffee raising £1.6m to spur global growth
Eco-friendly coffee start-up Halo is seeking £1.6m funding to “aggressively” grow the business in the UK and overseas.
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NewsReckitt Benckiser secures regulatory clearance for $17.9bn Mead Johnson takeover
Reckitt said the acquisition would considerably strengthen its presence in developing markets, particularly China where Mead Johnson has sales of more than $1bn.
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Comment & OpinionMichael Gove: The Grocer’s journalists on the new Defra helmsman
The new secretary of state for environment, food & rural affairs has raised eyebrows and divided opinions …
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NewsMedia Bites 12 June: Nisa, Poundstretcher, Morrisons, Tesco
The shockwaves from Thursday’s election dominate the papers this weekend, but there is still plenty of grocery news, including Nisa Retail hiring bankers to explore a shock sale.
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NewsCity snapshot: Industry welcomes Michael Gove as Defra secretary
Michael Gove has been appointed as Defra secretary in a cabinet reshuffle by Prime Minister Theresa May in a move welcomed by the food and drink industry. Plus, sterling stabilises after crashing on the shock general election result.
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NewsCity News: Ocado international deal fails to excite analysts
It all started so well. Ocado shares leapt above 338p to a year high on Monday morning
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NewsSainsbury's hit hardest by shock election result as Tesco to benefit
Sainsbury’s is likely to be the hardest hit of the listed grocers by the ongoing political and economic uncertainty brought by a hung parliament thanks to its exposure to the high street with Argos, analysts have warned today.
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NewsTheresa May under pressure to resign as UK votes for hung parliament
After a dramatic night, the UK has woken up to a hung parliament this morning, with the Conservatives emerging as the largest party
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NewsCity snapshot: Rémy Cointreau raises earnings expectations after “excellent” annual performance
French drinks group Rémy Cointreau has lifted its future outlook after revealing an “excellent” annual performance, with a double-digit jump in profits and an almost 5% sales boost. Plus, Pernod Ricard buys majority stake in mezcal brand Del Maguey Single Village Mezcal
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NewsMedia Bites 8 June: Steinhoff, Lidl, Tesco, Kellogg
As the UK heads to the polls today, the papers are dominated by the final day of the campaign and the continuing story of the London terror attack. It’s looking very quiet when it comes to grocery or retail news.
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NewsSauces and juice producer Fruitapeel undergoes MBO
Terry and Deborah Haigh have taken over ownership of the business from existing fellow shareholders Frank and Philip Frederick. Finance director Neil Murgatroyd has also acquired a stake in group as part of the deal.
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NewsBirds Eye owner Nomad Foods seeks new CFO as Kenyon resigns
Birds Eye owner Nomad Foods is on the hunt for a new CFO after Paul Kenyon handed in his notice to take on a job outside of the food industry at shoe retailer Clarks.
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NewsCity snapshot: Zambeef profits slide amid challenging economic conditions
Profits have plunged in the first half at Zambeef Products as the beef producer was hit by falling commodity prices and challenging economic conditions on Zambia. Plus, full-year results from drinks group Distil
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NewsMedia Bites 7 June: Tesco, Lidl, Delivery Hero
Tesco is facing an investor revolt over £140,000 paid to CEO Dave Lewis for relocation costs. Plus, Lidl’s eye-catching move to launch a “high-end” fashion line with supermodel Heidi Klum also gets plenty of coverage.
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NewsTapped seeks £200k from crowd to expand birch water range
Birch water brand Tapped is raising £200,000 in a crowdfunding campaign to invest in marketing and grow its product range.
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NewsCharlie Bigham's sales near £50m as efficiencies aid growth
The food manufacturer said investment in efficiencies in recent years had helped bottom-line growth