All articles by Ed Devlin – Page 156
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Pink Panther wafer supplier Rivington Biscuits fails as Brexit bites
The own-label biscuit supplier behind the Pink Panther branded wafers has collapsed, with the loss of 99 jobs
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Tasties of Chester owner PK Food Concepts invests in growth
Losses have widened at foodservice supplier PK Food Concepts despite a healthy jump in revenues as investment in future growth and start-up costs in new operations dragged on the bottom line.
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Media Bites 14 December: Inflation, Kantar, Asahi, M&S, Argos
Inflation in the UK economy is in focus in this morning’s papers as figures from the ONS and Kantar Worldpanel show higher prices are on the way. Plus, Asahi tightens grip on European beer market and M&S chairman Robert Swannell retires.
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City snapshot: US food & drink businesses weigh up UK future
Almost 45% of US food and drink firms with a base in the UK are considering moving elsewhere in the EU as a result of Brexit, according to a report by Gowling WLG.
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Tollblend added to Lesaffre mix
Baking mix supplier LFL Tollblend has been acquired by French multinational yeast producer Lesaffre for an undisclosed sum.
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Ultimate Products appoints former Poundland boss Jim McCarthy as chairman
Former Poundland CEO Jim McCarthy has been appointed by Ultimate Products as chairman to help lead the consumer products group through a £100m IPO.
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Media Bites 13 December: C-stores, Asahi, Ultimate Products
Britain’s corner shops have contributed towards a record £299m investment in improvements in c-stores over the past three months.
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City snapshot: Supermarket sales hurt by Black Friday and Christmas price war
A rush on electronic bargains on Black Friday and Christmas promotions lowering supermarket prices even further pushed the grocery sector back in decline last month, according to Nielsen
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Media Bites 9 December: Ocado, food prices, McDonald's, Morrisons, Aldi
Ocado’s shrinking basket size in Q4 gets plenty of attention this morning, as does the new tax arrangements of McDonald’s. Plus, an open letter signed by 300 food and drink industry bodies warns the government of the threat of rising prices.
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Brexit cost hikes loom for Bart as its losses widen to £551k
Losses have widened at herb and spices brand Bart Ingredients despite another year of double-digit sales growth
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City snapshot: Fyffes snapped up by Sumitomo Corporation in €751m deal
Ireland-headquartered banana importer Fyffes has been snapped up by Asian global trading group Sumitomo Corporation for €751m (£635m)
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Chaucer Food Group to expand UK base after Nagatanien takeover
Chaucer Food Group is set to expand its Hull factory and HQ after its takeover by Nagatanien
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Ocado shares take hit from fourth-quarter sales fall
Ocado shares took a hit on Thursday as sales growth slowed and order sizes shrank in the fourth quarter
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The Big Interview
James Lousada: the can-do caretaker of Conviviality's crown jewels
You would think James Lousada would want to steer clear of selling booze to the supermarkets…
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Seabrook Crisps hit by heavy promotions but profits rise again
Aggressive promotions have taken a bite out of revenues at Seabrook Crips but failed to dent rising profits at the LDC-backed business.
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Wiltshire Farm Foods expands in Yorkshire with bank funding
Frozen meals delivery specialist Wiltshire Farm Foods has secured a five-figure funding package to buy a new depot in Yorkshire.
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Media Bites 7 December: Amazon, Lego, Co-op
Amazon’s queue-less, cashier-less – and cash-less – grocery store in Seattle comes under the media spotlight.
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City snapshot: Ahold Delhaize to double online sales by 2020
European food retail giant Ahold Delhaize has outlined a plan to make the most of its international scale following the merger, which includes doubling its online sales in the next four years and a €1bn share buyback.
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Rhubarb wins backing of new private equity owner
Private equity firm Livingbridge has snapped up contract caterer and restaurant operator Rhubarb.
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Oatly sells stake to fund global expansion
Oat-based milk alternative brand Oatly has raised cash for a global push with the sale of a minority stake.