All articles by Ed Devlin – Page 177
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News
Poundland shares struggle as sales slowdown
Poundland shares have been hit today as the fixed-price retailer revealed poor trading in the final quarter of the year with the business struggling to integrate the 250 stores acquired from 99p Stores.
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News
WH Smith reports high street recovery
WH Smith has announced its best performance on the high street for “many years” as pre-tax profits in the first half to 29 February 2016 jumped 11% to £80m
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News
Premier Foods shares crash as McCormick walks away
US food group McCormick has walked away from its pursuit of Premier Foods after examining the Mr Kipling and Bisto maker’s books
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News
Tesco returns to profit with rise in quarterly UK sales
Tesco profits rise to £1.1bn and final quarter sales climb as recovery at supermarket gathers pace
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News
Media Bites 13 April: Co-op, Tesco, Costa, Reckitt Benckiser
The Co-operative was weighing up the sale of 300 stores to focus on convenience; Tesco sells stake in Lazada to Alibaba; the head of Costa Coffee resigns; and Nurofen’s maker Reckitt Benckiser should be fined $6m says Australian court.
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News
Tower Bakery wins Lidl contract
Independent Scottish bakery Tower Bakery has agreed a distribution deal with Lidl after bagging six-figure bank funding.
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News
Tesco continues non-core sell-off with Lazada sale
The retailer has agreed to sell an 8.6% stake in the e-commerce group to Alibaba for $129m
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News
Media Bites 12 April: Tesco, Cranswick, Pets At Home, M&S
Ahead of the annual results tomorrow, the papers report on news that Tesco is looking to offload its lossmaking Dobbies garden centre chain.
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News
City snapshot: Tesco sells Lazada stake for $129m
Tesco has continued the sell-off of its non-core operations with the agreement to offload an 8.6% stake in South East Asian e-commerce group Lazada to Chinese retail giant Alibaba
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News
Brothers buys bottling line at C&C's Shepton Mallet site
The Somerset business is also weighing up options for purchasing more of the production mill being closed by C&C
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News
David Wood resurgent after factories revamp
The own-label bakery has grown rapidly from a standing start in 2008, breaking into the latest Grocer Fast 50 at number 2
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Analysis and Features
How 2 Sisters/Dunbia will reshape red meat supply
What would the merger mean for both parties and the red meat market as a whole?
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News
Media Bites 8 April: The Co-op, M&S, Sainsbury's
There is tonnes of coverage for the Co-op’s annual results and new M&S CEO Steve Rowe’s first quarterly update to the City, with news of Sainsbury’s dumping brand match also getting a look in.
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News
City snapshot: ABF buys remaining Illovo stake for £262m
The agreed offer price per share for the 48.65% stake is rand 25 representing a total consideration of rand 5.6bn
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News
Innis & Gunn buys fellow brewer to accelerate expansion
Scottish brewer Innis & Gunn has bolstered growth with the acquisition of The Inveralmond Brewery, shelving plans to build a brewery as a result.
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News
Real Handful to hit the trail to support brand
Trail mix snack maker Real Handful has secured £80,000 in equity funding through a business angels network to support its growth plans.
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News
Media Bites 6 April: Sainsbury's, Kantar, Reckitt, BrewDog
The news of hundreds of potential job cuts at Sainsbury’s gets plenty of coverage this morning
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News
Fresh food deflation drives fall in food prices
Food prices fell 0.4% in March according to the BRC-Nielsen shop price index
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News
Chapel Down raises £1.7m for Curious Drinks business
895 investors took a 9.7% stake for £1.2m, with individual investments ranging from £100 to £35,000
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News
Hilton Food Group shares rocket on successful year
Shares in Hilton Food Group leapt 4% to 516p on Thursday morning after the meat supplier comfortably beat City profit expectations