All articles by Ed Devlin – Page 171
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News
Media Bites 8 November: Tesco Bank, Fever-Tree, Sainsbury's
A cyber fraud attack at Tesco falls under the spotlight this morning as the supermarket admitted 40,000 customers had been affected by an online heist over the weekend. Plus, Fever-Tree upgrades profits again and Sainsbury’s poaches Poundland’s boss as its new CFO.
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News
City snapshot: Marks & Spencer pins turnaround hopes on food
Marks & Spencer is planning to accelerate the rollout of its food stores and reduce its clothing offer as it seeks to turn around the struggling business and rebuild profits
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News
Phrooti seeks £150k to launch sugar-free fruit water
Sugar free fruit tea brand Phrooti is pitching for £150,000 in a crowdfunding campaign to launch a new range of bottled waters.
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News
Gousto investors pump another £10m into recipe kit growth
Existing backers BGF Ventures, Unilever Ventures, MMC Ventures and the Angel Co-Fund all contributed to the latest round
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News
Media Bites 4 November: Morrisons, Tate & Lyle, Marks & Spencer
Amid all the excitement over the High Court ruling that the triggering of Article 50 must be debated by Parliament, the papers still find room to take a look at Morrisons’ positive third quarter results.
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News
City snapshot: Kraft Heinz sales decline as consumers search for healthier food
Sales have continued to decline at Kraft Heinz as the newly merged giant struggled against currency headwinds in Europe and shifting consumers tastes.
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News
Innis & Gunn raised £1m in three days as beer lovers flock to buy a stake
The craft brewer is planning to overfund to raise more money to accelerate the rollout of Innis & Gunn pubs in England and North America.
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News
Bristows and Tuckers bonbon maker saved from administration
Almost 75 jobs have been saved thanks to a rescue deal at the historic bonbon and toffee manufacturer behind the Bristows and Tuckers brands.
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News
Morrisons' fourth quarter results: what the analysts say
Morrisons shares were up 1.6% to 224.8p this morning on the news
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News
Thistle Seafoods nets funding deal for growth
Scottish seafood manufacturer Thistle Seafoods has agreed a multimillion-pound bank funding package to grow at home and abroad.
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News
Ornua expands US footprint with ingredients acquisition
Irish dairy Ornua has acquired a US ingredients business from MCT Dairies as it seeks to expand its presence in America.
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News
Media Bites 2 November: Conviviality, Brexit, food waste, Asda
Conviviality triples sales after trio of deal; Nick Clegg warns that UK chocolate could be banned from Europe; and Asda food delivery truck hygiene found wanting.
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News
City snapshot: Food prices continue to fall despite Brexit
Food prices continued to fall in October as grocers slug it out in fresh produce aisles, but ambient products move closer to inflationary territory, according to latest BRC-Nielsen index …
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News
Kellogg sales fall as challenging UK market bites
US food giant Kellogg has blamed tough conditions in UK supermarkets for its seventh successive decline in quarterly sales.
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News
City snapshot: Conviviality sales up 211% as Matthew Clark and Bibendum integration makes progress
Conviviality increased sales 211% in the first half to £783m thanks to the transformative acquisitions of Matthew Clark and Bibendum PLB
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News
Stock Spirits under renewed pressure from activist investor
Stock Spirits is facing renewed attacks from its largest shareholder over “ongoing poor” corporate governance and claims it is paying the board too much.
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News
Wasabi wraps up £25m funding for store roll out
Wasabi is to roll out a further 20 of its sushi chains after securing a £25m bank funding package.
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Analysis & Features
Exclusive survey: 60% of UK exporters see Brexit as 'major problem'
The Grocer surveyed 50 exporters about their hopes and fears following the Brexit vote, here are their answers …
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Analysis & Features
Plain sailing or rough seas for exporters post Brexit?
Current figures are buoyant, but a Grocer survey reveals grave misgivings, with some “terrified” by the government’s approach
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News
City snapshot: AB InBev cuts forecast on weak trading in Brazil
Brewing giant AB InBev has scaled back its guidance for the year after a “very weak” performance in Brazil