All articles by Ed Devlin – Page 163
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NewsMedia Bites 5 April: Palmer & Harvey, Nisa, Kantar/Nielsen, sugar tax
Wholesaler Palmer and Harvey is set to announce that weeks of uncertainty about the future of the business are now over after it secured a deal with two of the world’s biggest tobacco companies, according to reports. Plus, Nisa boss warns of “enormous pain” after Tesco/Booker merger; and the papers’ takes on Kantar and Nielsen market share data.
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NewsCity snapshot: Food prices soar at fastest rate for two years
Prices in supermarkets rose at the fastest pace for two years last month, with food inflation accelerating to 1% in March. Plus, wholesaler Palmer and Harvey signs lending deal with two tobacco giants
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NewsClearly Drinks acquired by PE firm NorthEdge Capital
Soft drinks manufacturer Clearly Drinks Group has secured the backing of private equity firm NorthEdge Capital as consumer demand for flavoured water grows.
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News350 jobs at risk as M&S, Magnum and Ginsters packaging maker collapses
Consumer goods packaging manufacturer Pulse Flexible Packaging, which works with the likes of M&S, Samworth Brothers, Unilever and Walkers Shortbread, has collapsed, putting 350 jobs at risk.
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NewsCP Foods acquires Westbridge Food to grow poultry exports to UK and EU
Poultry supplier Westbridge Food Group has been snapped up by Thai food conglomerate CP Foods in a deal worth £60m.
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NewsReckitt Benckiser to sell French's and Frank's Red Hot brands
Sale would be used to reduce Reckitt’s debt created by the Mead Johnson Nutrition Co announced in February.
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NewsReckitt Benckiser lines up sale of French's and Frank's Red Hot
Reckitt Benckiser has announced it is beginning a strategic review of its food business, which includes French’s sauces and Frank’s Red Hot sauces.
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NewsMedia Bites 3 April: Tesco, Reckitt Benckiser, Premier Foods, Co-op, M&S
Tesco remain firmly in the papers over the weekend as its Booker merger continues to enthral the media. Plus, Reckitt Benckiser lines up the sale of its food division.
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NewsDanone to offload Stonyfield to push through $12.5bn WhiteWave deal
Danone has agreed to sell one of its US dairy subsidiaries to speed up the completion of the $12.5bn acquisition of US plant-based food group WhiteWave.
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NewsBooker shares fall as Tesco shareholders protest merger
It comes as Booker reported a strong end to its financial year
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NewsMedia Bites 31 March: Booker, P&H, Imperial Brands, Carr's
Booker Group’s fourth quarter trading update was heavily featured in all the papers as the imminent £3.7bn Tesco takeover generates plenty of interest in the wholesaler.
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NewsCity snapshot: Consumer confidence remains subdued in March
Consumers confidence remained stuck in the doldrums in March as Brexit concerns continue to loom and wages fail to keep up with inflation
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NewsBirds Eye owner Nomad falls to a Q4 loss but says conditions improving in the UK
Birds Eye and Findus owner Nomad Foods recorded a loss in the fourth quarter of 2016 but the decline in the UK market slowed as the group battled to turnaround its performance in the challenging frozen market.
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NewsThe Cotswold Distillery secures £1.5m in funding round as craft spirits demand soars
The Cotswold Distillery has raised more than £1.5m in a fundraising round to keep up with higher-than-expected demand for its new whisky.
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NewsMedia Bites 29 March: Tesco, article 50, Weetabix, Irn-Bru
Tesco continues to fall under the media glare in Tuesday’s papers as it agreed to pay a whopping fine to avoid prosecution in the fraud case.
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NewsCity snapshot: Coffee chain perks up sales and profits at Welsh brewer Brains
Welsh brewery Brains has continued to benefit from its expansion into coffee as profits soared 23% to £5.5m last year
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NewsCornish pasty maker Rowe’s acquired by turnaround specialist
Lossmaking Cornish bakery chain Rowe’s has been snapped up by global turnaround specialist Iberia Industry Capital for an undisclosed amount.
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NewsAG Barr profits sparkle as Irn Bru maker cuts sugar across its range
Shares in the Irn-Bru maker fizzed 2.2% higher to 559.5p on the back of its results in the year to 28 January.
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NewsTesco fraud fine and agreement: what the analysts say
Analysts react as Tesco reaches agreement with the SFO
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NewsCapVest confirms acquisition of Karro Food Group
Private equity firm CapVest has confirmed it has agreed to acquire pork processor Karro Food Group from Endless, as revealed by The Grocer on 17 March.