All articles by Ed Devlin – Page 164
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News99p Stores falls into administration
Poundland has placed 99p Stores into administration a little more than two years after the fixed-priced retail chain snapped up 250 stores from its rival
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NewsMoju secures first major supermarket listing in Waitrose
Veggie juice start-up Moju has secured its first major supermarket listing as part of the food-to-go offering in Waitrose.
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NewsPreva Produce creditors face uncertain wait for £4.7m owed after fraud pushed supplier under
Potato processor Preva Produce was pushed into administration last year following the discovery of fraud and accounting irregularities, according to documents filed at Companies House.
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NewsCity snapshot: Sales hit by weak pound at fmcg packaging supplier Robinson
Revenues slumped 6% at packaging manufacturer Robinson in 2016 as volume fell 8% and the group was hit by adverse currency exchange movements.
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NewsHops specialist Charles Faram secures £6m bank funding to meet growing US demand
Hops merchant Charles Faram has expanded its presence in the US to fuel the craft beer boom after securing a £6m bank funding package.
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NewsFever-Tree shares lose momentum on 'encouraging' growth
Fever-Tree became a victim of its own success this week as shares lost some sparkle on Tuesday
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NewsMBO at Park Cakes provides exit for Vision Capital
Own-label cake manufacturer Park Cakes has been sold by private equity owner Vision Capital to the business’ management team for an undisclosed amount.
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News90 jobs lost as £9m supermarket potato supplier collapses
A supermarket potato supplier has collapsed after the loss of a major contract, with 90 staff made redundant.
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NewsMedia Bites 22 March: Inflation, Fever-Tree, Waitrose
News that inflation hit its highest level since 2013 dominates the business pages this morning. Plus, Fever-Tree eyes new markets after sales and profits fizz in 2016.
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NewsCity snapshot: General Mills suffers sales and profits slump
Sales plunged 5% to $3.8bn at General Mills in the third quarter as the US food giant struggled to adapt to changing consumer tastes.
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NewsFood & drink entrepreneurs set for export mission to Paris as Article 50 is set to be triggered
A delegation of independent food and drink entrepreneurs are set to explore the growing French taste for British produce in a trade mission to Paris next week - just two days before the triggering of Article 50.
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NewsAduna smashes £325k funding target as demand for African-inspired food and drink grows
Health food brand Aduna has hit its £325,000 crowdfunding target just two days after launching the campaign to raise cash for the next stage of growth.
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NewsMedia Bites 21 March: Palmer & Harvey in talks with two tobacco giants over sale of stake
Two of the world’s biggest tobacco manufacturers are in talks about a deal to shore up the finances of Palmer & Harvey, according to reports. Plus, the rest of the day’s news, including Tesco international shake-up and Finsbury teaming up with mary Berry.
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NewsCity snapshot: Fever-Tree sales and profits continue to soar as UK growth accelerates
Revenues at posh mixer brand Fever-Tree fizzed another 73% higher in 2016 to £102.2m, driven by accelerating growth in its domestic UK, helped by a new listing with Asda.
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NewsFinsbury Food Group bets on Mary Berry to boost flat sales
Finsbury has turned to former Bake Off judge Mary Berry to sweeten sales with a new range of cakes as inflationary cost pressures squeeze the business.
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NewsKarro Food Group set for £180m sale following turnaround
Pork processor Karro Food Group is set to be snapped up by new private equity owners in a deal worth about £180m after a turnaround by backers Endless.
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NewsChi secures funds to accelerate growth
Coconut water, milk and oil brand Chi has secured £1.5m from high net-worth backers and overseas distribution partners
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NewsYorkshire Game snapped up ahead of retail push
Game and venison supplier Yorkshire Game has been acquired by former Symington’s CEO David Salkeld meat industry veteran Adrian Lyons in a bid to get more wild products in the supermarket meat aisles
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NewsMedia Bites 16 March: National insurance U-turn, Brexit, inflation, Unilever
The embarrassing climb down by Chancellor Philip Hammond over national insurance hikes for the self-employed dominates coverage this morning, with the papers calling it a Tory U-turn.
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NewsCity snapshot: Sainsbury's warns of competitive pressures as like-for-like sales decline
Sainsbury’s CEO Mike Coupe has warned this morning of “very competitive” market conditions as like-for-like sales fell 0.5% at the supermarket in its fourth quarter, including a 4% slump in the general merchandise division. Plus, logistics firm Wincanton secures five-year contract with discount retail chain Wilko.