All articles by Ed Devlin – Page 161
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NewsMedia Bites 5 May: Morrisons, AB InBev, Punch Taverns, Unilever, Next
The success of David Potts’ recovery plan at Morrisons is recognised by this morning’s papers after a striking first quarter update. Plus, Q1 results from AB InBev; a first-half loss for Heineken-owned Punch Taverns; Unilever makes a bet on Myanmar; and Next shares slide on tough consumer conditions.
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NewsCity snapshot: Former Asda boss Archie Norman appointed as M&S chairman
Marks & Spencer has appointed former Asda CEO Archie Norman as its new chairman
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NewsBoparan boosts waste creds of 2 Sisters with Crawshaws investment
Ranjit Boparan is aiming to boost the waste credentials of his 2 Sisters Food Group thanks to a private investment in lossmaking value meat retail chain Crawshaws.
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NewsBoparan strikes deal for 50% of value meat retailer Crawshaw Group
Ranjit Boparan has agreed to invest £5.1m in struggling value chain Crawshaw for an initial 30% stake, with options to take a further 20%
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NewsMedia Bites 26 April: Whitbread, Nestlé, McDonald's, Coca-Cola
The annual results of Costa Coffee owner Whitbread and 300 UK jobs being axed by Nestlé generate plenty of column inches this morning.
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NewsTroffle kicks off crowdfunding pitch for expansion capital
Handmade chocolate start-up Troffle has launched a crowdfunding campaign on KickStarter to raise £20,000 to help the business expand.
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NewsSoulmate Food acquired out of administration
Online healthy food delivery company Soulmate Food has been bought out of administration by its management, securing all 43 jobs.
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NewsManiLife peanut butter start-up hits £100k crowdfunding target in 35 minutes
Peanut butter start-up ManiLife has blitzed its £100,000 crowdfunding target in less than an hour
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NewsCity snapshot: Consumer confidence softens amid rising cost pressures
Consumer confidence is taking a bashing as rising costs squeeze disposable income, according to Deloitte.
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NewsMedia Bites 24 April: Weetabix, sterling, economy, Whitbread, M&S, Reckitt Benckiser
The boss of Post moves to allay fears of UK job losses in the wake of the US firm’s takeover of Weetabix from the Chinese.
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NewsMetcalfe's faces legal battle over Skinny launch in States
Amplify Snack Brands has filed a federal trademark infringement and unfair competition lawsuit against Snyder’s-Lance
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NewsFiddes Payne upbeat as restructure costs drive it into the red
Fiddes Payne has slipped into the red as restructuring costs hit the Cake Angels owner
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NewsLDC confirms secondary buyout at Addo Food Group
Details of the transaction have not been disclosed, but the deal – revealed exclusively by The Grocer last week – is understood to value Addo at upwards of £100m.
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NewsGourmet Game appoints administrators after trading slowdown
A game wholesaler and supplier based in Lincolnshire has ceased trading after falling into administration as a result of a slowdown in trading in France and Belgium in the wake of last year’s terror attacks and the bird flu outbreak hitting demand.
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NewsRivington Biscuit brands marketed for sale
Brands manufactured by failed biscuit supplier Rivington Biscuits are being marketed for sale by an IP consulting firm.
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NewsMedia Bites 19 April: Weetabix, snap election, House of Fraser
The £1.4bn acquisition of British cereal maker Weetabix by US firm Post Holdings generates significant column inches in today’s papers but was overshadowed by the calling of a surprise snap election.
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NewsCity snapshot: ABF scores Brexit boost from weak pound and higher sugar prices
The weak pound and higher sugar prices have boost sales and profits at ABF in the first half. Plus, Tesco sells opticians business to Vision Express, and Heineken updates on first quarter volumes, with UK down on Tesco delisting.
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NewsSurging pound leads to FTSE 100 sell-off after snap election surprise
The FTSE 100 plunged more than 180 points yesterday (or £46bn) to 7,147.50 points as PM Theresa May called a surprise snap election on 8 June
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NewsHundreds of redundancies at Pulse Packaging despite production restarting
More than 150 staff have lost their jobs at consumer goods packaging maker Pulse Flexible Packaging despite administrators recommencing manufacturing at the firm’s two sites.
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NewsVolatile day for sterling as PM calls snap election
The surprise announcement is set to lead to a volatile day on the markets and for the pound.