All articles by Ed Devlin – Page 200
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News
City snapshot: B&M drives sales with record store openings
B&M has increased revenues by almost 26% to £930.3m thanks to the rapid growth of its store network. Plus the latest market share data from Kantar Worldpanel and Nielsen.
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News
Majestic Wine eyes £500m sales in three-year turnaround
Majestic Wine CEO Rowan Gormley is targeting sales of more than £500m by 2019 as the business embarks on a three-year turnaround plan.
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News
Glanbia snaps up ThinkThin for $217m
Irish nutrition group Glanbia has agreed to acquire a US protein bar producer for $217m.
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News
Media Bites 16 November: Big four, Aldi, Lidl, B&M, Poundland
The big four supermarkets are being “taxed to oblivion”; Aldi and Lidl are planning to open five times as many stores as their traditional rivals; and B&M and Poundland to report first-half results.
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News
City snapshot: Majestic Wine warns on profits as it launches “transformational” plan
Majestic Wine has issued a profits warning alongside a new three-year transformation plan for the business
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News
Sainsbury's fall in profits illustrates severity of the task
The green shoots didn’t last long for Sainsbury’s as shares slump 7% after profits falter.
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News
Scottish beef processor Stoddarts sold to private investors
Scottish beef processor Stoddarts has been sold by owner Neil Stoddart to a group of private investors.
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Analysis & Features
Premier pleases the City as it climbs 'vertical rock face'
Gavin Darby is delivering gains but there’s still a long way to go
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News
Conviviality expands reach into events with Peppermint deal
Conviviality is to acquire a majority stake a bar and events company operating at festivals and sporting events as sales soar 38% in first half thanks to Matthew Clark deal.
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News
Media Bites 11 November: AB InBev, SABMiller, Premier Foods, Mark Price
The papers feature the imminent agreement of the AB InBev takeover of SABMiller, the return to branded growth of Premier Foods and Waitrose MD Mark Price calling a fairer form of capitalism.
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News
City snapshot: Sainsbury's profits slump 18% as price war bites
Sainsbury’s underlying pre-tax profits have fallen almost £70m to £308m in the first half as the supermarket invested heavily in lowering prices. Plus, AB InBev agrees terms with SABMiller for £71bn takeover and Real Good Food profits from Napier Brown sale.
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News
Premier Foods share price sweetens as investment in brands pays off
Shares in Premier Foods have this morning rocketed up by 21% after the grocery supplier increased quarterly branded sales
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News
City snapshot: Premier Foods grows branded sales for first time in two years
Premier Foods has posted the first quarterly increase in branded sales for two years this morning as it announces the introduction of a new brand from Great British Bake Off judge Paul Hollywood.
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News
City Snapshot: Adelie close to taking a bite of sandwich filling firm Freshpak
The Grocer this morning has an exclusive story about Urban Eat owner Adelie circling a £68m-turnover Yorkshire-based sandwich filling supplier.
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News
Media Bites 6 November: Morrisons, Tate & Lyle, Dairy Crest
The papers pick over the bones of another dire quarterly performance by one of the big four supermarkets this morning
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News
Adelie sandwich empire set to add Freshpak Chilled Foods
The deal hungry food-to-go supplier is in advanced talks to acquire sandwich filling supplier Freshpak Chilled Foods
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News
Media Bites 4 November: AB Inbev, SABMiller, ABF, Tesco, Imperial Tobacco
AB InBev and SABMiller continue to be the focus of attention as they thrash out details of the £68bn takeover; ABF profits sour on sugar woes but Primark is set to expand in the US; and Imperial Tobacco boss plays down break up rumours.
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News
City snapshot: M&S food business drives sales growth in first half
Marks & Spencer has increased sales 1.4% to £5bn in the first half, mainly thanks to continuing growth in its food business
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News
Kellogg sales and profits hit by strong US dollar
Profits at Kellogg Co slumped more than 8% in the third quarter as sales at the US cereal manufacturer missed expectations
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News
Kerry shares slip despite rising volumes
Kerry Group has increased volumes in the third quarter as its ingredients business made strong gains in Asia and the consumer foods division shrugged off challenging conditions.