All articles by Ed Devlin – Page 177
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NewsBakkavor reports strong revenue group in UK and overseas
Food group Bakkavor increased revenues 3.2% to £438.7m in the second quarter as it grew business with the supermarkets in the UK and the overseas business continued to soar.
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NewsMedia Bites 11 August: Stock Spirits, Brexit, cashew nut prices, Sainsbury's
A new boss at Stock Spirits and the start of a turnaround in Poland picked up plenty of coverage this morning. The favourite brands of remain and leave voters are revealed; cashew prices soar; and Sainsbury’s apologises for treatment of gay men in a London store.
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NewsCity snapshot: Profits fizz at Coca-Cola European bottler but currency holds back sales
Coca-Cola HBC increased sales in the first half to expand margins and push up profits but unseasonable weather affected volumes
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NewsStock Spirits new CEO focused on Poland turnaround but deals still on the table
The new CEO at Stock Spirits has reaffirmed the European drinks group’s M&A strategy despite the past disagreements with major shareholders.
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NewsMedia Bites 10 August: Ocado, Morrisons, e-cigs
Ocado and Morrisons announcing a renewed agreement, tweaked from the original signed back in 2013, gave the paper plenty to chew over this morning.
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NewsCity snapshot: Stock Spirits appoints new CEO as turnaround starts to take shape
Stocks Spirits Group has appointed a new CEO as it seeks to put its boardroom troubles behind it. It comes as the London-listed business posted improved results in the first half.
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NewsBells Food Group doubles pastry capacity with first phase of £3.6m investment
The investment in new equipment allows Bells to compete for the first time for high volume, commercial pastry contracts.
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NewsPremier Estates Wine buys new HQ with bank funding
Premier Estates Wine has purchased a new head office in Birmingham’s Jewellery Quarter after receiving a bank funding package worth more than £1.5m.
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NewsKellogg’s cereal hub snapped up for £23.5m
Real estate investment trust Tritax Big Box has purchased a huge Kellogg’s distribution hub in Manchester for £23.5m
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NewsMedia Bites 9 August: Tyrrells, Walmart
Two big US deals are the focus in today’s papers in terms of retail news as Tyrrells is sold to Amplify Snacks and Walmart buys Jet.com.
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NewsSun shines on retailers in July despite Brexit uncertainty
Food retailers brushed off uncertainty created by the EU referendum result as a July heatwave boosted sales.
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NewsWalmart shows online ambitions with $3.3bn Jet deal
Walmart has swooped for online retailer Jet.com in a $3.3bn deal as it seeks to battle the dominance of Amazon.
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NewsAbbey Logistics MBO backed by NorthEdge
Liverpool-headquartered Abbey was set up more than 25 years ago by the Lucy family specialising in the liquid food ingredients transportation market.
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NewsHighland Speciality supplier undergoes MBO
Highland Speciality supplier Right Angle Marketing has been acquired from its founders in a management buyout.
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NewsSabana fruit supplier falls into administration
A supplier of pomegranates, kiwis and other exotic fruits to UK supermarkets has collapsed after rescue attempts failed.
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NewsCity snapshot: Brexit fails to dent consumer spending in July
Warmer weather throughout July saw consumers loosened their purse strings to spend more on going out and clothes despite the uncertainty created by the vote to leave the EU.
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NewsMedia Bites 8 August: Poundland, SABMiller, Nestlé, Aldi
The tussle for Poundland has intensified as US hedge fund Elliott upped its stake in the fixed priced retailer giving rise to speculation that Steinhoff will be forced to up its £600m bid. Plus, The Mounties prepare a $4bn for SABMiller brands in Europe, and the Nestlé boss commits to the UK despite Brexit challenges.
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NewsFruit Bowl acquired by Pioneer Food Group in £7.5m deal
Wellness Foods has sold off its last remaining brand to South African cereal manufacturer Pioneer Food Group for £7.5m.
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NewsAG Barr shares hit by weather-driven sales decline
The group has been besieged on a number of fronts in the first half as it battled category deflation
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NewsKellogg’s profits improve in Q2 but Brexit to dent revenues in year ahead
Kellogg’s has boosted profits but sales continued to fall, with weakness in the UK cereal market and the Brexit vote to cause greater currency disruption than expected.