All articles by Ed Devlin – Page 180
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Applegreen founders seek £23m payday with share sale
Applegreen’s CEO Bob Etchingham and chief operating officer Joe Barrett are looking for a near £23m windfall from a share sale in the listed petrol forecourt operator.
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Media Bites 14 September: Ocado, Hilton Food, inflation
Ocado’s pain gets plenty of exposure in this morning’s papers after the online grocer’s share price plunged 14% yesterday.
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Hilton Food profits soar in first half
A successful launch of meat trading business in the UK has contributed to a surge in profits at Hilton Food Group, alongside volume growth at Tesco.
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Butterkist growth slows decline at Tangerine Confectionery
Booming sales of popcorn brand Butterkist has helped slow a decline in sales at parent Tangerine Confectionery.
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Aston Manor sales sour as UK cider market goes flat
Aston Manor Brewery is seeking to grow exports as difficulties in the UK cider market continued to sour sales for a second consecutive year.
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Meadow Foods eyes acquisitions with backing of US private equity firm
Dairy processor Meadow Foods has secured investment from a US private equity firm to help fund acquisitions and organic growth the business.
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City News: McBride emerges from bruising price war
The City was given renewed optimism about own-label household goods maker McBride this week…
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Media Bites 12 September: Tesco, Morrisons, Poundland, Greggs
Tesco comes under the media spotlight after the Serious Fraud Office charged three former executives over the accounting scandal at the supermarket.
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City snapshot: ABF results boosted by post-Brexit sterling slump
Associated British Foods has highlighted better-than-expected trading in the past year as sterling weakened following the Brexit vote.
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Tim Mason steps up to become Eagle Eye CEO
Grocery tech group Eagle Eye Solutions has appointed the former deputy CEO of Tesco as its new chief executive as part of a raft of board changes
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Greene King nets growth during Euro 2016
Brewer and pub group Greene King has also appointed former Tesco Ireland boss Gordon Fryett as a non-executive director.
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Media Bites 9 September: Sainsbury's, Fyffes, high street
Qatar Investment Authority’s stake in Sainsbury’s biggest investors has been diluted by 3% to 22% after it declined to invest more money in new shares to fund the grocer’s purchase of Home Retail Group.
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City snapshot: Food prices yet to rise in Brexit aftermath
Food price inflation expected in the wake of the UK’s decision to leave the EU has yet to filter through to the supermarket shelves, according to the latest Grocer Price Index
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McVitie's loses £38m from UK biscuit cuts but profit rises
Revenues at United Biscuits UK, which now falls under the Pladis group, declined amid falling supermarket prices
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Food & drink does best in crowdfunding says Seedrs report
Crowdfunding platform Seedrs has published its first-ever ‘portfolio update’
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Asda 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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Media 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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McBride 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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Delicious 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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Applegreen 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.