All articles by Ed Devlin – Page 158
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Quorn gears up for fastest-ever overseas expansion
Quorn is stepping up its ambitious worldwide growth plans with the start of operations in Asia. It has also shaken up the management team with a new CFO and sales director.
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Primal Pantry bags investment from trio of industry heavyweights
Mark Palmer, Jeff van der Eems and former Cadbury chief strategy director Mark Reckitt have all taken minority stakes in the business.
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Media Bites 24 November: Autumn Statement, Walmart, Black Friday, Chapel Down
Reaction and coverage of Chancellor Philip Hammond’s first Autumn Statement dominates the paper this morning.
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PayPoint sales decline in first half
Revenues at PayPoint slipped in the first half following the disposal of its online payment businesses but underlying operating profits increased 15.6%
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Autumn Statement 2016: UK economy wobbles as Brexit feeds uncertainty
Chancellor Philip Hammond has warned that growth in the UK economy is set to slow down and borrowing will rise in the wake of uncertainty created by Brexit.
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Autumn Statement 2016: Snap industry reaction
Following this afternoon’s autumn statement announcement by the chancellor Philip Hammond, here is a round-up of comments from industry figures on the likely effect on the UK economy over the next fiscal year
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Media Bites 23 November: Morrisons, Aldi/Lidl, Brexit, FDF, Compass
Morrisons’ revival of the Safeway brand after 11 years as part of an attempt to get back into the fast-growing convenience market comes under the media glare.
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Finsbury Food takes steps to battle rising input costs
Finsbury Food Group has modified its promotional activity and weighed up reformulating its products to battle the big jump in input costs caused by the decline in sterling.
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Food and drink exports hit record levels in Q3
Food and non-alcoholic drink exports soared 12.1% to £3.4bn in the third quarter, with trade to non-EU markets growing at twice the rate of countries in Europe.
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Diageo workers vote to strike over pension cuts
Diageo is facing mass walkouts across its Scottish bottling operations in the run up to Christmas as staff voted for industrial action over pension cuts.
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St. Ewe Eggs secures six-figure bank loan
The Cornish egg producer has invested in equipment to tap into the sports nutrition market, supplying its UK customers with pasteurised eggs for the first time.
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Eagle Eye growth accelerates in first quarter
Grocery tech group Eagle Eye has accelerated its growth rate in its first quarter as relationships with Asda and Sainsbury’s powered revenues 74% higher year on year.
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Weetabix acquires majority stake in Weetabix East Africa in search of growth
Weetabix has taken a big bite out of its East African partner in a bid to bolster its international growth strategy and boost flagging sales.
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City News: Majestic shares rise as dividend returns
Majestic Wine insisted this week its turnaround plans remain firmly on track despite plunging to a first-half £4.4m loss
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Dunbia pork deal puts focus on red meat arm
The sale of the Dunbia pork division to Cranswick (CWK) has reignited speculation that a deal for the remaining red meat business is moving closer.
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Majestic Wine recovery on track despite plunging into the red
Majestic Wine insisted its turnaround strategy is working despite swinging to a loss in the first half, with the wine retailer at the “tipping point” of transforming growing sales into profits.
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Morrisons widens Amazon partnership with Prime Now store-pick service
Amazon Prime customers can now order a full Morrisons shop via the Prime Now app
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Cranswick makes move into Northern Ireland with Dunbia deal
Cranswick has snapped up the pork business of Northern Irish meat giant Dunbia for an undisclosed cash sum
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Media Bites 16 November: Tesco, Premier Foods, B&M, BAT
The latest Kantar Worldpanel data, Premier Foods and B&M results, and the latest on the British American Tobacco offer for Reynolds all get a showing today.
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Premier Foods looks to home advantage to battle price rises
CEO Gavin Darby said the Mr Kipling and Bisto maker was a different proposition to its multinational rivals thanks to 95% of its range being manufactured in the UK.