All articles by Ed Devlin – Page 166
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Analysis & FeaturesAmidst big upheaval Lewis and Potts impress the City...
…while a small chocolatier not only lists but moves into lift-off. But what’s the outlook for 2017?…
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NewsNFT Distribution looks to future growth after reporting loss
Food logistics group NFT Distribution has fallen into the red during a challenging year for its grocery customers but the group said it was “well-placed” for future sustained profitable growth.
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NewsMeantime Brewery sales and profits fizz on craft beer boom
Increased sales in supermarkets of Meantime brands contributed to the £10m jump in revenues to £26.5m in the 15 months to 31 March 2016.
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NewsMinistry of Cake taken over by Mademoiselle Desserts
French patisserie manufacturer Mademoiselle Desserts has swallowed Ministry of Cake as part of plans to expand its UK presence.
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NewsMedia Bites 6 December: High street, Boots, Aldi, PureCircle
Britain’s retail sector weathered its fourth poor December in a row with negative like-for-like sales growth on the high street; Boots owner struggles with weak pound and Aldi raises wages for shop floor staff.
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NewsCrawshaw Christmas recovery eats into profit margins
Value meat retailer Crawshaw Group has continued to make progress in its turnaround as sales over Christmas improved thanks to a festive hamper and higher footfall in store.
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NewsPieminister growth heats up on new site openings and supermarket launches
Profits have increased three-fold to £315k at premium pie maker Pieminister as the expansion of its restaurants and new retail launches helped sales grow 17% to £10.7m in the year to 31 March 2016.
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NewsPotato supplier Preva Produce slips into administration after challenging season
Preva Produce, a potato supplier for the likes of Walkers and Kettle, has fallen into administration after difficult end to 2016, leading to 20 redundancies
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NewsB&M shares sparkle on bumper Christmas
Shares in B&M European Value Retail have soared 8.5% after the discount chain recorded its best ever Christmas
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NewsHilton Food Group signs Portuguese meat joint venture with Sonae
Shares in the red meat supplier have climbed 4% so far today to 670p on the back of the agreement.
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NewsPayPoint completes restructuring with £26.5m sale of mobile payments arm
PayPoint has sold its mobile payments business to Volkswagen Financial Services for £26.5m in cash, putting an end to its major restructuring project.
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NewsMedia Bites 23 December: Christmas, Weetabix, Champagne, Weight Watchers, Brexit
Supermarkets are braced for their busiest day of the year today, with shoppers expected to spend almost £900m on groceries for the Christmas break.
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NewsCity snapshot: Mega-deals fuel a 'vintage' year for food & drink M&A
Despite the surprises and shocks 2016 has thrown up - notably Brexit and a Donald Trump presidency - a senior City dealmaker argues that it has been a ‘vintage’ year for food and drink M&A.
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NewsEdible Oils sales hit by deflationary pressures
The raging supermarket price war, as the supermarkets battle the discounters to win back customers, has hit sales at Edible Oils, the producer behind the Crisp n’ Dry, Mazola and Olivio brands.
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NewsEden Research commercialises natural pest killer
AIM-listed agro-tech firm Eden Research has signed an exclusive commercialisation agreement for its product, which kills worm that attack growing fruit and veg, with Taminco, a subsidiary of Eastman Chemical Company’s global crop protection division.
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NewsCook Trading battles 'shaky' start but delivers another record year
Revenues jumped 14% to £45.1m in the year to 31 March 2016 thanks to a strong finish in the last five months, including a “fantastic” performance at Christmas as shoppers sought out quality food..
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NewsMedia Bites 22 December: Sainsbury's, Brexit, Coca-Cola, Hershey
Sainsbury’s CEO Mike Coupe is in the spotlight with a lengthy interview in which he says he is taking on Aldi and M&S, and the Argos takeover will boost group profits. Coupe adds that the discounters are now on the back foot.
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NewsConsumer confidence limps higher in December
Consumer confidence have finished a rollercoaster year by rising slightly in December as shoppers look to grab goods before the inflationary storm hits next year.
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NewsOppo raises £200k in third crowdfunding campaign
Sugar-free ice cream brand Oppo has raised more than £200,000 in a third crowdfunding round to continue its rapid growth.
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NewsLion Capital swoops for Loungers in £137m deal
The former owner of Weetabix and Kettle Foods has snapped up bar chain Loungers from private equity firm Piper in a deal valuing the business at £137m.