All articles by Ed Devlin – Page 201
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NewsMedia Bites 3 November: IRI, M&S, Molson Coors, Heck Food
More than half of all goods sold in the UK are on some kind of promotion; M&S gets set for another disappointing financial update; Molson Coors is in advanced talks to buy SAB’s stake in American JV; and WHO cancer scare helps Heck sell more sausages.
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NewsCity snapshot: ABF sales and profits slip but sugar woes better than feared
Revenues and profits slipped at Associated British Foods as the retail and grocery group struggled with food commodity deflation and significant swings in currency markets.
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NewsNomad completes £500m takeover of Findus
Nomad Foods has completed the £500m takeover of the European arm of Findus after the deal cleared the relevant anti-trust hurdles.
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News151 Products agrees rescue deal for fmcg
Consumer products group 151 Products has acquired the business and assets of Swirl Products, which trades as fmcg, out of administration.
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NewsDrury Tea and Coffee brews up expansion plans
Tea and coffee producer Drury Tea and Coffee has invested in new coffee equipment after securing a £500,000 bank loan.
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NewsCity snapshot: Consumer confidence plunges to five-month low in October
UK consumer confidence fell for the second month running in October as shoppers continued to worry
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NewsMedia Bites 30 October: CBI, GfK, M&S, Sports Direct
As half-term week draws to a close, a dearth of news in the retail sector leads to a very quiet day in the papers, with stories on the latest CBI and GfK surveys.
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NewsS&A Foods administrators 'hopeful' of finding factory buyer
Administrators at S&A Foods are hopeful of striking a deal to sell the ready meals supplier’s Derby factory…
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NewsWalgreens Boots snaps up US rival as sales and profits rise
Walgreens Boots Alliance has agreed a $17.2bn (£11.2bn) takeover of US rival Rite Aid. It comes as the global pharmacy and health giant filed big jumps in sales and profits for the past year thanks to last year’s mega-merger.
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NewsCity snapshot: Disappointing first half for Magners maker C&C
Poor summer weather across Ireland has hit Magners maker C&C Group with revenues and profits falling in its first half.
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NewsMedia Bites 28 October: Tesco, AB InBev, Walgreens Boots, Morrisons
Tesco has struck a deal with Sir Philip Green’s Arcadia to bring some of its brands into supermarkets, with Dorothy Perkins, Burtons and Evans set to go on sale in five of the grocer’s biggest stores.
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NewsM&A at Finsbury sweetens management pay packets
Executives at Finsbury have enjoyed bonuses worth more than £1m after delivering strong profits growth and completing “transformational” deals at the cakes and baked goods supplier.
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NewsCity snapshot: 2 Sisters to invest £150m in poultry business as full-year sales fall
2 Sisters Food Group is planning a major £150m multi-year investment in its poultry business as it looks to get back into growth
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NewsMedia Bites 27 October: Majestic Wine, WHO report, Nestlé, Walmart
A quiet day in the papers as expected as half-term gets fully underway, however, Majestic Wine’s decision to scrap its six-bottle minimum garners plenty of space, as does news that the WHO has linked sausages, bacon and ham to cancer.
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NewsFeel Free set for retail push after £200k crowdfunding campaign
Gluten-free food brand Feel Free has hit its £200,000 crowdfunding target at the 11th hour after offering a bigger stake in the business to get the campaign over the line.
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Analysis & FeaturesScience in Sport raises £8.9m in share placing to break into the US
Science in Sport has raised almost £9m as part of plans to accelerate its international expansion and investment in e-commerce.
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Analysis & FeaturesSpilt claret: Lidl launches second big posh booze push
Lidl has snapped up 5% of Bordeaux’s output for its latest ’claret offensive’. But can the retailer silence the wine snobs?
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NewsCott Beverages feels effect of own-label soft drinks decline
Revenues have fallen 3% at Cott Beverages as the UK market for own-label soft drinks declined
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NewsVita Coco coconut water sales rocket despite Innocent entry
Growth at coconut water brand Vita Coco has continued to rocket despite Innocent muscling into the category
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NewsRugby World Cup promotions drive retail sales
Supermarket price wars and the Rugby World Cup have provided a shot in the arm for retail sales in food stores last month, according to the latest official figures.