All articles by Ed Devlin – Page 196
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NewsUK economy grows faster than expected in run up to Brexit
The economy was estimated by the ONS to have grown by 0.6% in the three months to the end of June, increasing from 0.4% in the first quarter of the year.
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NewsFever-Tree relaxed about potential tonic war as sales and profits continue to fizz
Fever-Tree’s founders are relaxed about the impending entry of Britvic in the premium mixers category after its revenues soared 69% to £40.6m in first half.
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NewsFamous Grouse owner profits hit by ‘fierce’ competition
The Famous Grouse and Cutty Sark brands suffered double-digit falls in sales, offsetting growth for single malts The Macallan and Highland Park.
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NewsDCS Group invests £10m in expansion plans
Household brands distributor DCS Group has invested £10m expanding its operations to a new 25-acre site in Banbury with funding from Barclays.
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NewsRefresco enters US with $129m Whitlock Packaging deal
The deal is Refresco’s first step towards expansion beyond Europe, with a ”strong” second platform for further growth in North America.
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NewsFine Food adds to portfolio with Clarks and Wild Tastes acquisitions
Clarks Speciality Foods and Wild Tastes both supply premium, specialist products to the foodservice sector and speciality retailers across Scotland.
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NewsAhold Delhaize starts trading as €9.8bn merger goes live
The €9.8bn merger of Ahold and Delhaize received clearance from US regulators over the weekend.
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NewsUK remains very attractive market despite Brexit, says Steinhoff
Steinhoff bosses are confident Poundland will thrive on the British high street regardless of Brexit
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NewsCity snapshot: Lindt outperforms market in first half
Sales at Lindt increased 6.6% to CHF1.5bn in the first half despite price pressures on cocoa costs
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NewsMedia Bites 22 July: SABMiller, Unilever, Sainsbury's, Poundland
Activist hedge fund Elliott Management has raised concerns about the structure of its proposed £71bn takeover of SABMiller by AB InBev. The brewer’s chairman defended the takeover to shareholders at yesterday’s AGM.
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NewsPremier Foods shareholders protest re-election of chairman over McCormick affair
Premier Foods shareholders have given chairman David Beever a rebuke at the AGM over his handling of the failed McCormick takeover with more than 12% objecting to his re-election to the board.
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NewsWaterfall Catering Group sale to Elior provides tasty exit for LDC
The deal provides LDC, which backed a £20m secondary buyout in December 2014, an exit, generating a 2.6x return on its investment.
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NewsMedia Bites 20 July: SABMiller, Monsanto/Bayer, Store Twenty One
SABMiller directors will discuss mounting frustration among some of its shareholders over the AB InBev mega-brew takeover; and Monsanto rejects a sweetened offer from Bayer.
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NewsCity snapshot: Gusbourne to raise £10m in bonds issue
English sparkling wine producer Gusbourne is aiming to raise up to £10m through a bonds issue to spend in its vineyards and increase its stocks.
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NewsNFT Distribution snaps up chilled food logistics firm NR Evans
The acquisition of the temperature controlled distribution business NR Evans will strengthen NFT’s offering in the chilled, ambient and dairy fmcg supply chain.
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NewsGCL Food Ingredients on expansion drive with £1m funding
Wholesale food and drinks supplier Giorgio’s Continental is widening its product range and taking on more staff thanks to a £2.5m investment in its site and a £1m bank funding package.
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NewsMy Local administrators confident of more store sales to come
Administrators at My Local have sold 26 of the failed retailer’s convenience stores since being appointed, with hopes to offload another 16 in the coming days and weeks.
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NewsCity snapshot: SSP Group lifted by weak pound
Travel concession group SSP gets revenue boost from the weak pound in Q3 but continued to be affected by the terror attacks in Europe. Plus, Dairy Crest updates on Q1 ahead of AGM; Carr’s warns of difficult markets in wake of Brexit; and John Menzies appoints chairman.
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NewsConviviality share price boosted as sales more than double
Shares in Conviviality leapt 10% today as revenues more than doubled to £864.5m and the drinks group said the integration plan for Matthew Clark and Bibendum was ahead of expectations.
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NewsTesco makes 100% Rainforest Alliance certified cocoa pledge
The retailer will also ensure cocoa used in other UK products will be responsibly sourced