All articles by Ed Devlin – Page 195
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News
Cargill nets salmon feed supplier for €1.35bn
US multinational Cargill has waded further into the rapidly growing market for fish and shrimp with the €1.35bn (£958m) acquisition of salmon feed supplier Ewos.
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News
Dairy Crest/Unilever spreads synergy potential eyed by City
A green light for Müller’s proposed purchase of Dairy Crest’s liquid milk division could trigger fresh consolidation
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News
Young's Seafood sale on again as Findus negotiates with Nomad
Nomad Foods’ £500m takeover of the European arm of Findus Group will re-open the sale of the remaining UK business…
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News
Nakd and Trek owner eyes overseas growth after Lotus takeover
Natural Balance Foods, the group behind the Nakd and Trek brands, has been taken over by a Belgian biscuit and cake manufacturer to help it grow its products internationally.
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News
City Snapshot: Conviviality Retail edges ahead in race for Matthew Clark
Bargain Booze owner Conviviality Retail has elbowed ahead of rival bidders
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News
Media Bites 14 August: milk protests, Nomad, Coca-Cola HBC, Coca-Cola Co
After a busy day in the grocery world, with mega deals, financial results and more movement on the dairy crisis there is a lot to get through in the papers.
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News
Nomad buys Findus for £500m to create pan-European frozen giant
Nomad Foods has made further strides toward its ambition of creating a global food group with the £500m acquisition of the European arm of Findus.
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News
Reckitt Benckiser told to license K-Y Jelly to rival by deals watchdog
Durex owner Reckitt Benckiser is being forced to license the K-Y Jelly brand in the UK to a rival to ease competition concerns.
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News
City Snapshot: Henkel posts double-digit growth in Q2
Persil owner Henkel has reported a “solid” performance in the second quarter with revenues up 13.5% to €4.7bn, driven by strong organic sales growth in emerging markets of 5.1%.
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News
Media Bites 12 August: Tesco, M&S, Nestlé
Potential bidders for Tesco’s data unit are considering “drastically” scaled back offers of £700m; M&S loses another clothing exec; Indian authorities are seeking $100m in damages from Nestlé.
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News
City snapshot: Food sales fall in July as shoppers spend extra cash in the home
Food sales fell for the first time this year in July as consumers decided to spend their new-found disposable income elsewhere
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Analysis and Features
Rising distress levels fuel robust food and drink M&A market
Despite improving economic conditions in the UK and Ireland, the woes of the big four grocers are helping drive a robust M&A market in food and drink
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News
Profits sour further as Real Good Food looks to put sugar woes in the past
Real Good Food has reported widening losses in a year dominated by the market issues in sugar. The group said the “transformational” disposal of Napier Brown had now created a “strong” financial platform for future growth.
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News
Lakeland and Fane create dairy and agri powerhouse with mergers
Irish milk processor Lakeland Dairies has partnered with fellow co-operative Fane Valley to create two joint venture businesses with combined revenues of £605m.
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News
Brakes tipped to go for IPO rather than private sale
Foodservice giant Brakes looks likely to buck the trend of choosing a sale over a stock market flotation…
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News
Tags Crisps bags backing of Dragons
Former Seabrook Crisps MD John Tague has secured a six-figure investment for his snack brand Tags after a pitch on the BBC’s Dragons’ Den. He hopes the backing of Deborah Meaden and Peter Jones will be the key to unlocking the door to a listing in Sainsbury’s.
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News
City Snapshot: Adnams falls during "long cold spring"
Adnams beer volumes fell 5% in the first half as the rapid evolution of the craft beer market posed a threat to its traditional English bitters
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News
Media Bites 4 August: Heineken, Sainsbury’s Bank, Kraft
Heineken’s first-half results show why the Dutch brewer is often highlighted as a takeover target; Sainsbury’s Bank cuts interest rates for Nectar cardholders; Kraft recalls 36,000 cases of individually wrapped cheese slices which pose a choking hazard; and Walmart removes realistic toy guns from its shelves.
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News
Jerky Group creates ‘house of brands’ with Cruga merger
The Jerky Group has agreed to merge with biltong and meat snacks supplier Cruga to form a combined company with revenues of about £12m.
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News
City snapshot: Heineken innovation and premium brands helps sales fizz
Revenues climb 7.2% to €10.93bn at Heineken in its first half thanks to volume, growth, innovation and the premium sector.