All articles by Ed Devlin – Page 185
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NewsMedia Bites 9 December: Ocado, food prices, McDonald's, Morrisons, Aldi
Ocado’s shrinking basket size in Q4 gets plenty of attention this morning, as does the new tax arrangements of McDonald’s. Plus, an open letter signed by 300 food and drink industry bodies warns the government of the threat of rising prices.
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NewsBrexit cost hikes loom for Bart as its losses widen to £551k
Losses have widened at herb and spices brand Bart Ingredients despite another year of double-digit sales growth
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NewsCity snapshot: Fyffes snapped up by Sumitomo Corporation in €751m deal
Ireland-headquartered banana importer Fyffes has been snapped up by Asian global trading group Sumitomo Corporation for €751m (£635m)
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NewsChaucer Food Group to expand UK base after Nagatanien takeover
Chaucer Food Group is set to expand its Hull factory and HQ after its takeover by Nagatanien
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NewsOcado shares take hit from fourth-quarter sales fall
Ocado shares took a hit on Thursday as sales growth slowed and order sizes shrank in the fourth quarter
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InterviewsJames Lousada: the can-do caretaker of Conviviality's crown jewels
You would think James Lousada would want to steer clear of selling booze to the supermarkets…
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NewsSeabrook Crisps hit by heavy promotions but profits rise again
Aggressive promotions have taken a bite out of revenues at Seabrook Crips but failed to dent rising profits at the LDC-backed business.
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NewsWiltshire Farm Foods expands in Yorkshire with bank funding
Frozen meals delivery specialist Wiltshire Farm Foods has secured a five-figure funding package to buy a new depot in Yorkshire.
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NewsMedia Bites 7 December: Amazon, Lego, Co-op
Amazon’s queue-less, cashier-less – and cash-less – grocery store in Seattle comes under the media spotlight.
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NewsCity snapshot: Ahold Delhaize to double online sales by 2020
European food retail giant Ahold Delhaize has outlined a plan to make the most of its international scale following the merger, which includes doubling its online sales in the next four years and a €1bn share buyback.
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NewsRhubarb wins backing of new private equity owner
Private equity firm Livingbridge has snapped up contract caterer and restaurant operator Rhubarb.
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NewsOatly sells stake to fund global expansion
Oat-based milk alternative brand Oatly has raised cash for a global push with the sale of a minority stake.
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NewsMedia Bites 5 December: Brexit, shop prices, Fortnum & Mason, M&S, Walmart
Brexit could lead to cheaper food for consumers if the right policies are adopted, an official from the OBR claims. Plus, shop prices decline for 43rd month in a row.
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NewsFood price deflation slows significantly
Inflationary pressures squeezing suppliers are beginning to filter through to the supermarkets as food price deflation slowed significantly in November, the latest BRC – Nielsen shop price index reveals.
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NewsChaucer acquired by Japanese instant food maker Nagatanien
The deal will see Chaucer, which produces freeze-dried fruit & veg for global blue-chip clients such as Kellogg’s, Unilever, Nestlé and Starbucks, continue its push into the US, as well as opening up the Japanese market.
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NewsMcCormick expands European presence with €120m Enrico Giotti acquisition
Spices and sauces giant McCormick has acquired an Italian flavourings business in a €120m cash deal to expand its presence in Europe after walking away from its pursuit of Premier Foods earlier this year.
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NewsAngus & Oink close in on BackIt funding target
Barbecue sauces brand Angus & Oink is close to reaching its fundraising ambitions on the Tesco crowdfunding site to help upscale production and launch a new product.
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NewsInnis & Gunn raises £2.5m in crowdfunding campaign
The fundraising values the brewer at almost £50m and put a 4.8% stake in the hands of 2,012 investors.
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NewsMedia Bites 30 November: Iceland, John Lewis, Carlsberg
Iceland v Iceland hits the papers again today as the frozen supermarket chain’s bosses hope for a thaw in relations.
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NewsCity snapshot: Britvic sales fizz as PepsiCo brands grow
Sales have fizzed 10.1% higher at Britvic as its UK portfolio of carbonated soft drinks, including PepsiCo brands, delivered growth to offset declines for the Robinsons range