All articles by Ed Devlin – Page 179
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News
Media Bites 16 March: Sainsbury's, Argos, Ocado
The papers are firmly focus on today’s Budget but Sainsbury’s results and the expected improved offer for Argos still gets plenty of coverage
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Sales increase as 2 Sisters strategy starts to pay off
Like-for-like sales at 2 Sisters Food Group have increased 0.4% to £800.1m in the second quarter
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Blends expands with £4.6m funding
Specialist food ingredients business Blends has doubled the size of its manufacturing facility after securing a £4.6m bank funding package.
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Sainsbury's first sales rise in two years: what the analysts say
What did City analysts make of Sainsbury’s managing its first quarterly rise in sales for two years, with like-for-like retail sales nudging up just 0.1% in the fourth quarter?
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Media Bites 15 March: CBI, Fever-Tree, BHS, The Fresh Market, Co-op Bank
The CBI has ventured where the Food and Drink Federation daren’t by coming out strongly in favour of remaining in Europe after a poll of members found overwhelming support to stay.
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Sainsbury's improves sales in Q4
Sainsbury’s reports first positive quarterly like-for-like sales growth for more than two years
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Simply Cook kicks off £600k crowdfunding push
Recipe kit start-up Simply Cook is targeting £600,000 in a crowdfunding campaign to expand its marketing efforts and launch a distribution partnership with Ocado.
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Ahold and Delhaize shareholders give merger green light
Shareholders at European food retailers Ahold and Delhaize have voted overwhelmingly in favour of the proposed €9.8bn merger of the two groups.
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The Big Interview
Good Hemp: The Big Interview
Henry Braham and Glynis Murray have built a flourishing business selling milk and oil from hemp
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News
Hotel Chocolat float to value business at £150m
Hotel Chocolat is plotting the first major food and drink IPO on the London Stock Exchange for 15 months, expected to value the luxury chocolatier at about £150m and giving its two founders a shared £40m pay day.
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Media Bites 9 March: Brexit, Tesco, Lindt
Bank of England governor Mark Carney’s warning that a vote to leave the EU would be the “biggest domestic threat” to financial stability has created plenty of headlines. Plus Tesco’s continued recovery amd Lindt’s global ambitions.
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Hotel Chocolat to join AIM in £50m flotation
Premium chocolatier is seeking £50m as it reveals plans to float on the LSE junior market
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Analysis and Features
Lindt signals ambition
Lindt is aiming to run the world’s biggest network of premium chocolate shops by 2020
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City snapshot: Fastest rise in food spending for a year
Expenditure on food rose by almost 5% last month, despite spending on eating out continuing to increase
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Media Bites 7 March: BHS, BCC, Brexit, Yeo Valley
Sir Philip Green in talks with owners of BHS about possible contribution to struggling chain’s pension deficit
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Kitwave growth plans fuelled by Pricoa deal
Kitwave has completed a multimillion-pound refinancing deal to continue its consolidation
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Brexit would push up food prices warns top economist
Food prices are likely to increase and exports could take a hit too in the aftermath event of Britain leaving the EU
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Kitwave Wholesale completes major new refinancing deal
Kitwave Wholesale Group supplies independent c-stores from 15 depots across the UK
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Media Bites 2 March: Amazon, Morrisons, short selling, Steinhoff, exports
It’s a quiet morning in the papers for retail news but the Amazon / Morrisons deal is still generating column inches.
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Poundland boss Jim McCarthy set for retirement
Kevin O’Byrne has been appointed as the new Poundland CEO