All articles by Ed Devlin – Page 199
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Media Bites 27 Jan: Tesco, Sainsbury's, Argos
The GCA’s findings that Tesco “knowingly” withheld cash from suppliers to artificially prop up its results dominates the papers this morning.
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City snapshot: Sales fall at Britvic amid challenging grocery market
Sales have fallen 2.4% on an organic basis in the first quarter to £290.1m as a result of declines in the UK, French and international markets
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Media Bites 25 Jan: Sainsbury's, Amazon, Ocado, Tesco
As the Sainsbury’s board tours the City to gather support for its Home Retail/Argos deal, shareholders warn the supermarket not to overpay in the takeover bid.
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Fever-Tree raises guidance on soaring sales
Premium mixer brand Fever-Tree has increased full-year sales by 71% to almost £60m on the back of a strong second half
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Media Bites 22 Jan: SABMiller, Sainsbury's, Premier Foods, Asda
The race for Peroni, Grolsch and Meantime is heating up as Asahi and Chang brewer Thai Beverage reach the next round of bidding, along with a handful of big private equity players.
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City snapshot: Adelie takeover of Freshpak in doubt
Urban Eat owner Adelie has run into problems in its pursuit of sandwich filling supplier Freshpak Chilled Foods.
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Adelie takeover of Freshpak hit by snarl-ups
Food-to-go group Adelie’s pursuit of sandwich filling supplier Freshpak Chilled Foods has been thrown into doubt after the deal hit hurdles.
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Premier Foods rues warm December as grocery brands struggle
Branded sales at Premier Foods fall as an unseasonably warm December turns shoppers away from its Batchelors, Sharwood’s and Loyd Grossman ranges.
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Bart Ingredients slips into the red
Bart Ingredients has been dragged into the red following the acquisition of a lossmaking business,
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Media Bites 20 Jan: Unilever, Ocado, Holland & Barrett
Unilever’s annual results garners plenty of coverage in a quieter week in retail for the newspapers.
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City snapshot: Colourful Christmas for WH Smith
WH Smith expects full-year profits to be better than forecast as like-for-like sales on the high street grow 2% over Christmas as shoppers continued to snap up adult colouring books.
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Harry Brompton’s hopes to stir up the crowd with £300k fundraising
Premium alcoholic ice tea maker Harry Brompton’s has already won listings in Waitrose, Sainsbury’s, Ocado, Whole Foods and Harrods.
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Metcalfe eyes fatter future for Skinny popcorn under Diamond
Julian Metcalfe is hoping the backing of Kettle Chips will help the popcorn brand win more listings
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Tesco and Morrisons share price fortunes turn on Christmas tidings
Tesco and Morrisons have had a torrid run of things on the stock market but this week their fortunes finally turned around
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MPM petfood sale set to spark flurry of private equity interest
Premium petfood manufacturer MPM Products is expected to spark a dogfight among a handful of private-equity firms
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Fiddes Payne seeks new MD as it looks for a 'punchy' price
Home baking specialist Fiddes Payne is searching for a new managing director as the shareholders seek to conclude a sale
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Pork Farms underlying profits slip despite sales rise
Pork Farms has increased sales almost 4% to £158.4m but pressure on margins led to a slight dip in underlying profitability.
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Bernard Matthews sales slump continues
Underlying losses at Bernard Matthews have deepened and sales continue to fall
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Media Bites 15 Jan: Tesco, Christmas trading, Sainsbury's ABF
Tesco’s surprise like-for-like sales rise over Christmas generates plenty of headlines this morning as the papers decided what it means for the beleaguered supermarket sector.
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City snapshot: Finsbury Food records "hard won" sales rise
Bakery group Finsbury Food has increased sales by 46% in its first half to £156.6m, including like-for-like growth of 7.4% and a strong Christmas trading period.