All articles by Ed Devlin – Page 185
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NewsCity snapshot: Steinhoff £600m Poundland bid faces pressure from activist fund manager
Steinhoff’s £600m takeover bid for Poundland has been complicated by an activist hedge fund building up a sizable stake in the beleaguered fixed-priced discounter.
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NewsMindful Chef launches £400k funding campaign
Recipe box start-up Mindful Chef is seeking £400,000 in a crowdfunding campaign to raise the profile of the business.
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NewsWessanen snaps up Mrs Crimble’s gluten-free brand
The organic food company behind the Clipper Tea, Kallo and Whole Earth brands has snapped up gluten-free cake maker Mrs Crimble’s.
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NewsMedia Bites 11 July: Poundland, Asda, SAB Miller, Diageo, Fever-Tree, sugar tax, Brexit
Steinhoff is applying the finishing touches to a £600m-plus takeover bid for Poundland ahead of this Wednesday’s bid deadline; new Asda boss could “easily lose” new price war; and food and drink industry calls for sugar tax to be mothballed in wake of Brexit
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NewsCity snapshot: McBride upgrades profits forecast
Profits will be better than expected at McBride but sales are 2% lower
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NewsHiggidy goes into the red despite soaring sales of premium pies
Higgidy has recorded another year of double-digit sales growth
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Analysis & FeaturesSupermarket shares hit by new price war fears
Growing rumblings of a new front in the already brutal supermarket price war
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NewsButterkist owners selling up to cash in on popcorn boom
The private-equity owner of Butterkist is lining up a sale of the brand to capitalise on booming demand for popcorn…
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NewsDanone snaps up WhiteWave in $12.5bn deal for healthy future
Danone has agreed to buy US food group WhiteWave Foods for US$12.5bn in cash deal worth $56.25 a share.
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NewsBernard Matthews offloads German subsidiary to free up cash
Bernard Matthews has agreed to sell its German operations to Sprehe Gruppe to release cash for UK group
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NewsPureCircle grows profits but shares fall on future concerns
Stevia producer PureCircle is expecting profits to have jumped 60% in the past year as it strengthened margins and increased sales.
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NewsHilton Food Group eyes Portuguese joint venture
Hilton Food Group has signed an agreement with Portuguese food retailer Modelo Continente Hipermercados (Sonae) to supply retail packaged fresh meat into its stores.
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NewsBooker sales squeezed by tobacco display ban and falling food prices
Booker revenues were hit by the tobacco display ban and continued food price deflation during the first quarter with like-for-like sales falling 2.9%.
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NewsMedia Bites 6 July: Sainsbury's, Brexit, BHS
An update on the takeover of Argos owner Home Retail Group by Sainsbury’s yesterday picks up coverage in most papers this morning after the supermarket published a 188-page prospectus detailing how the merger would go ahead.
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NewsFood price deflation deepens in June
The latest BRC – Nielsen shop price index for June revealed that food prices were down 0.8% last month
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NewsConsumer products firms hungry for deals
Consumer products and retail companies have the greatest appetite for mergers and acquisitions out of 19 sectors, a global survey by EY has found.
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Media Bites 4 July: Bernard Matthews, Hershey, Waitrose, Charlie Bigham's M&S, Brexit
Ranjit Boparan has been flagged as the front-runner in a flock of bidders for turkey supplier Bernard Matthews after private equity owner Rutland Partners put it up for sale.
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NewsCity snapshot: Refresco bulks up finances for more deals
European drinks bottler Refresco Group has refinanced its €672m loan facility to help fund more acquisitions.
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NewsWilko hails 'year of recovery' as sales grow for first time in three years
Wilko has halted three consecutive years of declining sales thanks to a “buoyant” Christmas and its growing portfolio of stores
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NewsWaitrose profits slump as John Lewis pension costs bite
Waitrose pre-tax profits slumped 17.4% last year as the supermarket slugged it out in a brutal price war with the big four and the discounters.