All articles by Ed Devlin – Page 197
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News
SABMiller fizzy performance in emerging markets dented by sluggish Europe
Sales at global drinks group SABMiller have risen 3% in its first quarter despite challenging markets in Europe, China and Australia.
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News
Coke hikes prices to combat strong dollar
Coca-Cola has increased profits thanks to rising prices in the US and Latin America
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News
City Snapshot: Real Good Food loses FD in London move
Real Good Food finance director Mike McDonough is leaving the group as a result of operational changes following the £34m sale of sugar business Napier Brown back in April. Plus Marston’s continues to make profitable progress in line with expectations.
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News
Media Bites 22 July: Nestlé, Co-op, sugar, PZ Cussons
Nestlé open a $50m R&D centre to reinvigorate frozen and chilled ranges and sugar prices crash further
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Analysis and Features
Seabrook and LDC reveal plans for making £35m crisps deal pay
Seabrook CEO Jonathan Bye and LDC director Ged Gould open up about the rationale behind their deal - and the key challenges and opportunities ahead
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News
Rexam £4.3bn takeover to undergo in-depth European scrutiny
The £4.3bn takeover of Rexam by US rival Ball Corporation is to be examined by the European Commission
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News
SSP Group flies into currency headwinds
Like-for-like sales at food travel company SSP Group have been boosted by strong passenger growth at airports across the UK during the third quarter
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News
Seabrook Crisps hungry for deals as part of expansion plan
Seabrook Crisps is eyeing potential bolt-on acquisitions as it seeks to broaden its portfolio and expand into new snacking categories following LDC-backed MBO.
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News
City Snapshot: Rising number of suppliers on the bread line thanks to supermarket price war
The battle between the UK’s biggest supermarkets has led to a 54% jump in the number of food suppliers in “significant” financial distress
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News
Media Bites 20 July: Seabrook Crisps, Iceland, Sainsbury’s
The takeover of Seabrooks Crisps, revealed by The Grocer on Thursday, has hit the papers this morning
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News
Crowdfunding model attracts six more food and drink companies
Six more food and drink companies have turned to the crowd
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News
B&M Bargains accelerates store opening plans
B&M Bargains is accelerating its store opening plans this financial year and now expects to add 80 net new outlets to its portfolio.
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News
City Snapshot: B&M Bargains reveals strong spring as shoppers stick with discounters
Listed value retailer B&M Bargains has reported another period of soaring growth in a strong spring trading update. Elsewhere, Marks & Spencer gives an insight into succession planning as head of food Steve Rowe takes over from head of GM John Dixon.
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News
Media Bites 17 July: M&S, Amazon
The papers focus heavily on news that Marks & Spencer’s head of general merchandise John Dixon has quit for another top job in retail. Also in the headlines is Amazon’s plans to launch online grocery delivery in the UK.
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News
Finsbury to beat profits forecasts as sales heat up
Soaring sales at Finsbury Food Group have sent investors flocking to the listed bakery and cake supplier
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News
Seabrook Crisps heads for £35m private equity deal
Private equity house LDC counts Ministry of Cake, The ComplEAT Food Group and Intercontinental Brands among its 90-strong portfolio
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News
Hilton shares plunge as meat group faces currency headwinds
Meat packaging business Hilton Food Group has traded in line with the board’s expectations despite challenging consumer conditions
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News
Carrefour shares rise as international growth pushes up sales
Shares in French supermarket giant Carrefour have risen 2.5% to €30.89 thanks to continued sales growth in its second quarter
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News
Lidl sales climb £700m to record £4bn as new HQ plans unveiled
Lidl has hiked its UK sales by £700m to a record £4bn for the 2014 financial year as more shoppers desert the mainstream grocers for the discounters
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News
City Snapshot: Carr's food volumes hold up
Volumes in Carr’s Group food division, which supplies flour to the likes of Warburtons, are ahead of a year ago