All articles by Ed Devlin – Page 178
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NewsBank of England cuts interest rates to record low
Interest rates in the UK have been slashed for the first time since 2009 as part of a package of measures by the Bank of England to stabilise the economy in the wake of Brexit.
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NewsSodaStream UK sales fizz as consumers cut down on sugary drinks
SodaStream first-half sales in the UK have fizzed 52% higher as consumers continue to ditch sugary drinks in favour of healthier alternatives.
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NewsProcter & Gamble slows sales decline but currency headwinds weigh on outlook
Procter & Gamble slowed decline in sales during the fourth quarter but currency volatility across the world, including in the UK, dampened its outlook for the new year.
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NewsMedia Bites 2 August: Morrisons, Heineken
Morrisons latest price crunch is put under the media spotlight this morning, with Heineken’s first-half results also getting a look in.
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NewsGreggs healthy sandwiches lift sales 6% in first half
Like-for-like sales were also up 3.8% in the 26 weeks to 2 July
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NewsReal Good Food returns to profit but sales in decline
Real Good Food has swung back into the black thanks to the sale of its beleaguered sugar business but sales still went backwards.
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NewsFlorette expands range with Axgro Foods beetroot acquisition
Salad producer Florette has acquired beetroot supplier Axgro Foods in a bid to expand its product range.
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NewsMedia Bites 1 August: ABI/SAB, BHS, Bernard Matthews
The Sunday Times delves into how the beer megadeal between AB InBev and SABMiller was taken to the brink by Brexit
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NewsHeineken sales fizz after strong Q1 but profits hit by Africa slowdown
First-half organic revenues at Heineken grew 4.7% to €10.1bn as total volumes rose 3.8%
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NewsFen Farm Dairy to double production of raw milk brie with £200k funding
Fen Farm currently operates in the domestic sector and distributes its products through Harrods and Fortnum & Mason.
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NewsMindful Chef smashes funding target with help from Andy Murray and Victoria Pendleton
Recipe box business Mindful Chef has soared past its £400,000 crowdfunding target with help from sporting stars Andy Murray, Victoria Pendleton and Will Greenwood to raise more than £1m.
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NewsM&A deal activity set for post-Brexit autumn spike
Pent-up M&A demand in the food and drink sector could lead to a spike in deals in the autumn
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NewsConsumer confidence plunges at fastest rate since 1990 after Brexit
Brexit has led to a dramatic 11-point drop in July from -1 to -12 in the latest monthly consumer confidence index by market research firm GfK.
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NewsMedia Bites 29 July: Diageo, Carrefour, Amazon
Diageo’s hangover lifted last year as it cheered a 3.5% rise in full-year operating profits in its self-styled “turnaround” year.
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NewsReckitt profits hit by South Korea problems
Reckitt Benckiser first-half profits plunged 29% to £528m after it put aside £319m to pay compensation
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NewsDanone beats expectations as profits surge on stronger dairy sales
Net income at the French food giant more than doubled in the six months to 30 June to €935m
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NewsFiddes Payne feels currency pressure in 'challenging' market
Norman Brodie took charge of the business in early 2016 in a management shake-up following disappointing trading
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NewsTurners Fine Foods collapses with 484 redundancies
Landmark Wholesale member Turners Fine Foods has collapsed after a failed turnaround attempt, with almost 500 staff losing their jobs.
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NewsUK economy grows faster than expected in run up to Brexit
The economy was estimated by the ONS to have grown by 0.6% in the three months to the end of June, increasing from 0.4% in the first quarter of the year.
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NewsFever-Tree relaxed about potential tonic war as sales and profits continue to fizz
Fever-Tree’s founders are relaxed about the impending entry of Britvic in the premium mixers category after its revenues soared 69% to £40.6m in first half.