All articles by Ed Devlin – Page 174
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NewsAldi results: What the analysts say
Aldi announced another set of record results as sales reached £7.7bn, but profits shrank. What did the industry analysts make of it?
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NewsKey Food Ingredients seeks rescue deal as rising dairy costs take their toll
Rising dairy prices have pushed a manufacturer of ghee and Asian sauces into administration, with more than 40 jobs at risk unless a buyer can be found.
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NewsMajestic Wine profit warning 'short term pain' say analysts
The share price plunged as much as 33% in early trading before finishing 23% down at 330p
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NewsMPM sales driven up another 25% by pet pampering trend
The group drove revenues last year thanks to its first foray into TV advertising for the Encore brand
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NewsChristmas turkey dinner saved by Ranjit Singh Boparan deal
‘Chicken king’ Ranjit Singh Boparan rides to the rescue of Bernard Matthews to save Christmas dinner
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NewsHain Celestial gets all-clear for Orchard House acquisition
Hain Celestial can finally takeover Orchard House after getting the green light to sell its UK own-label freshly squeezed fruit juice business to the owner of the Sunmagic juice and smoothie brand by deal regulators.
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NewsCoke bottler goes flat in wake of Brexit and poor weather
A lack of consumer thirst for Coke, poor weather, challenging consumer markets and the slump in sterling after Brexit combined to send sales backwards at Coca-Cola European Partners
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NewsBernard Matthews jobs pledge welcomed by Unite
Bernard Matthews will also start processing chickens as well as turkeys to fill spare capacity at its sites.
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NewsMedia Bites 21 September: Bernard Matthews, Kantar/Nielsen, Co-op
The controversial pre-pack sale of Bernard Matthews to 2 Sisters owner Ranjit Singh Boparan makes the papers this morning, along with the latest grocery figures from Kantar and Nielsen.
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NewsProfits warning sends shares spiralling at Majestic Wine
Majestic Wine has issued a profit warning caused by problems at its commercial division and Naked Wines in the US
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NewsBernard Matthews sold in pre-pack administration to Ranjit Boparan
The deal safeguards 2,000 jobs, with all employees and agency staff all transferring across to the new owners, and the group will continue to trade as normal
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NewsPureCircle warns of volatility as US Customs troubles slows growth
Shares in the London-listed business sank 6.1% to 310p as CEO Magomet Malsagov warned there would be more volatility in the future.
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NewsGreencore head of UK grocery steps up as new CFO
Greencore head of UK grocery Eoin Tonge will replace outgoing CFO Alan Williams. Nigel Blakey, FD of grocery division, will takeover from Tonge
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NewsDairy Crest shares fall as rising cream prices to squeeze butter profits
Dairy Crest first-half volumes improve but the processor warned profits will come under pressure this year as rising prices hit butter margins.
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NewsReal Good Food targets US growth in turnaround bid
Real Good Food is targeting the US, Canada and the wider Americas in a bid to turnaround ailing sales at the bakery and cake decoration group
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NewsFinsbury Food Group sales continues to soar
Finsbury Food Group sales jumped another 24.8% to £319.7m in the 53 weeks to 2 July thanks to the Fletchers and Johnstone’s deals.
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NewsMedia Bites 19 September: Diageo, McDonald's, Butcher's Pet Care
Guinnes owner Diageo is sharpening the axe for its London HQ; McDonald’s faces a potential order from the EU to pay $500m in back taxes; and Butcher’s Pet Care invests £17m to expand its factory on the back of booming trade.
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NewsFruit Bowl sales fall on tough trading environment
Sales tumbled 11% at snacking brand Fruit Bowl in 2015 as volumes declined in the challenging grocery market.
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NewsMedia Bites 16 September: Morrisons, Waitrose, Booker
There is plenty of coverage in this morning’s papers on the recovery at Morrisons.
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NewsCity snapshot: Quorn sales overcome "sluggish" UK market
Quorn grows sales in the face of tough UK market, but sales growth slows year-on-year. Plus, new CFO at Moy Park and Morrisons shares soar on better than expected results.