All articles by Ed Devlin – Page 19
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NewsCity News: Hangover for Naked Wines investors
Shareholders in Naked Wines suffered another hangover this week as media reports on the online wine retailer hiring Interpath to refinance its debt sent the shares tanking by more than 20%
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NewsCity snapshot: Consumer confidence ‘vanishes’ in March
Consumer confidence stalled in March but a shift in attitudes to personal finance provided optimism for the future, according to a closely watched survery released this morning. Plus, the latest retail sales for Feburary from the ONS
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NewsMedia Bites 22 March: Unilever, Asda, Waitrose
Unilever continues to make headlines following the news of its plans to spin-off the ice cream business
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NewsBold Bean Co leaves Dragons’ Den with £50k investment
Bold Bean Co has struck a deal with Deborah Meaden during an appearance on Dragons’ Den tonight
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NewsCity snapshot: General Mills Q3 profits beat expectations
Profits at US consumer packaged goods group General Mills have risen more than expected in its third quarter as price hikes and cost cutting offset volume declines
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NewsMedia Bites 21 March: Ad ban, vapes, Greggs
Sheffield City Council has laid out a new advertising policy aimed at cracking down on campaigns deemed harmful to the environment and people’s health
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NewsGrowUp Farms appoints former Ella’s Kitchen boss Will Howard as UK MD
Howard, who joined in February, will oversee a scaling up as the business grows to sell more than one million bags of salad a week
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NewsCity snapshot: Food price inflation slows significantly in February
Inflation has eased to its lowest levels in the UK for more than two years as the rising cost of food slowed significantly in February, according to new official data released this morning
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NewsMedia Bites 20 March: Unilever, Tesco/Lidl, Diageo
Unilever’s plan to spin off its ice cream business dominates today’s business sections
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Comment & OpinionUnilever’s ice cream detachment – what does it mean?
Hein Schumacher is wasting no time in his attempt to kickstart Unilever’s sputtering growth as the CPG giant this morning revealed plans to spin off the ice cream business
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NewsValeo Foods secures €50m cash injection from Bain as turnaround begins
Valeo Foods has secured a €50m cash injection from private equity owner Bain Capital as a turnaround at the ambient giant gets underway
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NewsHolland & Barrett suppliers outraged over ‘unacceptable’ changes to payment terms
‘It would be carnage if we tried to do a price increase without first giving the heads up to our contacts,’ one supplier told The Grocer
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NewsCity snapshot: Unilever to separate ice cream business as part of growth plans
Unilever has unveiled plans to split off its ice cream business and also separately identified €800m in cost savings in a move that will impact about 7,500 jobs. Plus, Diageo appoints new chairman, interims from Eagle Eye and final results from MP Evans
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NewsMedia Bites 19 March: Avara Foods, Reckitt Benckiser, Haleon
A multi-party action has been brought against Avara Foods over pollution of the River Wye, while Reckitt continues to make headlines
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NewsNaked Wines shares hit by reports on debt advisor
Shares in Naked Wines have suffered a fresh slump today after media reports about a refinancing spooked investors in the embattled online wine retailer
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NewsYF appoints fmcg veteran Chris McLaughlin as non-exec
McLaughlin brings more than 20 years of industry experience to the role, including time with Kellogg’s, Tesco and St Pierre Groupe
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NewsMockingbird Raw Press adds Mark Cuddigan as new board member
Mockingbird Raw Press has added This CEO Mark Cuddigan to its board to advise the cold-pressed smoothies and juices brand on its growth strategy
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NewsCity snapshot: Reckitt Benckiser shares reeling after US baby formula ruling
Shares in Reckitt Benckiser have rallied this morning but remain at ten-year lows after the multinational saw £5bn wiped from its value on Friday as investors worried about the group’s exposure to lawsuits in the US
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NewsMedia Bites 18 March: Reckitt Benckiser, Coca-Cola Europacific Partners, Nespresso
Reckitt Benckiser saw £5bn wiped from its market cap after the group was ordered to pay $60m in damages to a mother whose premature baby died after being fed Enfamil infant formula
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NewsAG Barr to cut 200 jobs as its switches wholesale delivery model
Irn-Bru owner AG Barr is slashing almost 200 jobs in a cost-cutting overhaul that will see the drinks producer change the way it supplies symbol operators and independents