All articles by Ed Devlin – Page 176
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NewsAsda 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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NewsMedia 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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NewsMcBride 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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NewsDelicious 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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NewsApplegreen 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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NewsMedia 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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NewsSummer 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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NewsMarks & 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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NewsVision 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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NewsBirds 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.
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NewsPropercorn set to seal Piper minority stake deal
Propercorn is close to signing a deal with private equity firm Piper for a minority stake valuing the fast-growing popcorn brand at up to £25m.
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NewsGlanbia shrugs off dairy market struggles
Glanbia has reported a “strong” first-half performance driven by its performance nutrition division despite the ”challenging” dairy market.
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NewsMedia Bites 17 August: Inflation, Morrisons, Unilever
The first economic data post-Brexit gets plenty of coverage in this morning’s papers, with the spotlight also on Morrisons sale of its stake in Fresh Direct.
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NewsCity snapshot: Carlsberg sales improve but UK still flat
Carlsberg has increased organic sales 4% to DKK 31.2bn (£3.6bn) in the first half despite volumes declining and the UK market still proving tough
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NewsMedia Bites 15 August: Morrisons, Ocado, Walmart, SABMiller
There is plenty to chew over in the papers this week despite the summer season being in full flow.
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NewsSupermarkets sales dip below £100bn as price war bites
A fierce price war and battling to win back shoppers from discounters Aldi and Lidl has pushed supermarket sales below £100bn for the first time in six years.
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NewsMondelez snaps up Cadbury biscuit licence from Burton’s Biscuit Company
Mondelez International has united the confectionery and biscuit arms of Cadbury after acquiring the rights for the licence to make Fingers and Animals from Burton’s Biscuit Company.
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NewsBear sales soar in run up to Lotus takeover
Snack brands Bear and Urban Fruit recorded another year of healthy growth in the run up to being snapped up by Belgian bakery Lotus for £71m, as parents looked for easy ways to get their kids to eat fruit.
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NewsItsu serves up sales rise as demand for healthy food continues
Itsu has recorded a healthy 22% rise in revenues to £82.6m thanks to a 2.3% increase in like-for-like sales and another 10 store openings
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NewsRefresco volumes hit by bad weather and private label challenges
Refresco has warned that volumes will be below full-year expectations as poor summer weather and challenges in the private label business affected the European soft drinks bottler.