All articles by Ed Devlin – Page 182
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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.
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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