All articles by Ed Devlin – Page 164
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Meadow Foods eyes acquisitions with backing of US private equity firm
Dairy processor Meadow Foods has secured investment from a US private equity firm to help fund acquisitions and organic growth the business.
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City News: McBride emerges from bruising price war
The City was given renewed optimism about own-label household goods maker McBride this week…
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Media Bites 12 September: Tesco, Morrisons, Poundland, Greggs
Tesco comes under the media spotlight after the Serious Fraud Office charged three former executives over the accounting scandal at the supermarket.
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City snapshot: ABF results boosted by post-Brexit sterling slump
Associated British Foods has highlighted better-than-expected trading in the past year as sterling weakened following the Brexit vote.
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Tim Mason steps up to become Eagle Eye CEO
Grocery tech group Eagle Eye Solutions has appointed the former deputy CEO of Tesco as its new chief executive as part of a raft of board changes
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Greene King nets growth during Euro 2016
Brewer and pub group Greene King has also appointed former Tesco Ireland boss Gordon Fryett as a non-executive director.
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Media Bites 9 September: Sainsbury's, Fyffes, high street
Qatar Investment Authority’s stake in Sainsbury’s biggest investors has been diluted by 3% to 22% after it declined to invest more money in new shares to fund the grocer’s purchase of Home Retail Group.
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City snapshot: Food prices yet to rise in Brexit aftermath
Food price inflation expected in the wake of the UK’s decision to leave the EU has yet to filter through to the supermarket shelves, according to the latest Grocer Price Index
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McVitie's loses £38m from UK biscuit cuts but profit rises
Revenues at United Biscuits UK, which now falls under the Pladis group, declined amid falling supermarket prices
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Food & drink does best in crowdfunding says Seedrs report
Crowdfunding platform Seedrs has published its first-ever ‘portfolio update’
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Asda grows profits 3.3% at expense of sales
Asda has continued to outperform its peers in terms of profits but the protection of the bottom line saw sales plunge by almost £1bn in 2015.
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Media Bites 7 September: Tesco, Bayer/Monsanto, Pret A Manger
Tesco has the worst corporate governance of all the FTSE 100 firms, according to the Institute of Directors. Plus, the potential Bayer/Monsanto merger has sparked fears of reduced choice for farmers.
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McBride profits increase as new strategy pays off
Household goods manufacturer McBride has improved profits thanks to its new five-year plan but sales have declined more than £23m.
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Delicious Alchemy appoints former Fiddes Payne boss as CEO
Gluten-free brand Delicious Alchemy has appointed former Fiddes Payne boss Iain Macpherson as its new CEO to take the business to the next level.
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Applegreen food sales fuel profit growth
Growing food sales have fuelled a boost in profitability at petrol forecourt retailer Applegreen as the group builds on ambitions to expand in the food-to-go market.
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Media Bites 6 September: M&S, Sainsbury's, Bayer/Monsanto
Marks & Spencer is the main focus of the papers this morning after it announced yesterday that more than 500 jobs will be cut at its head offices.
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Summer sun and Rio success boosts food sales
Team GB’s Olympic gold rush and clear blue skies in August have helped food retailers put in their best performance for more than two years.
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Marks & Spencer to cut 525 HQ staff
The proposals to make significant changes to its UK HQ structure follows a detailed review of the organisation
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Vision considers sale of Addo Food Group following £30m spend
Addo Food Group, formerly known as Pork Farms, has been the target of detailed takeover talks with private equity firms
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Birds Eye says tough conditions will persist as sales dive again
The decline in sales at Birds Eye has accelerated with another £31m wiped off the top line in the challenging frozen market created by the supermarket price war.