All articles by Ed Devlin – Page 203
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News
City Snapshot: Reckitt Benckiser beats Q1 expectations
Reckitt Benckiser has a good start by beating expectations in its first quarter. Elsewhere stevia producer PureCircle takes full control of Chinese subsidiary and Waitrose weekely sales figures. Plus all the latest share price movements.
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News
Media Bites 24 April: Tesco, Sainsbury’s, Brew Dog
Tesco’s annual results is still generating column inches, Sainsbury’s job cuts also make headlines, and Brew Dog snubs the City with £25m crowdfunding campaign.
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News
Pork Farms acquisition gets thumbs up from competition watchdog
Pork Farms is a step closer to completing its acquisition of Kerry Foods chilled savoury pastry business after the monopoly regulator provisionally cleared the deal.
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News
Associated British Foods stock falters as sugar woes hit
Shares in Associated British Foods have slipped back 4.7% to 2,735p
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News
City Snapshot: Profits tumble at Associated British Foods thanks to sugar business
ABF CEO puts brave face on half-year results
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News
Ella's Kitchen into the red but sales and profits rise
The one-off cost stemmed from the write-off of a loan between the UK company and US cousin Ella’s Kitchen Inc, which was formed following the sale to Hain Celestial in May 2013
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News
Supermarket price war devastates UK food suppliers – Begbies Traynor
Food and drink manufacturers across the UK are suffering the most as the big supermarkets slash prices to compete with each and fight back against the rise of the discounters.
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News
Birds Eye owner reeled in by investment group for €2.6bn
Birds Eye owner Iglo has been sold to an investment company for €2.6bn (£1.84bn), private equity backer Permira has confirmed.
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News
City Snapshot: Supermarket war takes toll on suppliers and producers
Supplier and food producers are feeling the pain of the long and brutal supermarket price war in what recovery specialist Begbies Traynor said was a “savage landscape”.
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News
Media Bites 20 April: Tesco, Birds Eye, Co-op
Tesco readies itself for ‘horror show’ results, Birds Eye owner Iglo set to be sold for €2.6bn, and Co-op can’t commit to Fairtrade in tough trading environment
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News
Poundland sticks to its guns forcing in-depth CMA investigation of 99p deal
Poundland £55m acquisition of rival discounter 99p Stores will face in-depth scrutiny from the Competition and Markets Authority after the group decided not to allay the watchdog’s monopoly fears.
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News
Nestlé beats Q1 expectations with sweet organic sales growth
Food behemoth Nestlé registered sales of CHF20.9bn (£14.6bn) in its first quarter thanks to organic growth being ahead of expectations at 4.4%.
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News
Media Bites 16 April: Tesco, Sainsbury’s, Co-op
Tesco gets set to hand back last corporate jet; Sainsbury’s reveals plans to give food space over to non-food; and new Co-op chairman Allan Leighton is accused by old guard of being a ‘dictator’.
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News
Crawshaw carves space into the North West with £3.9m Gabbotts deal
Crawshaw Group is taking steps toward its ambitious target of running 200 stores after paying £3.9m to snap up Gabbotts Farm.
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News
Bakeaway sale saves the jobs of 60 staff
A Midlands-based baking products manufacturer which supplied the supermarkets and the food service industry has been sold out of administration, saving the jobs of all 60 staff.
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News
City Snapshot: Carr's posts record first-half performance
Listed agriculture and milling group Carr’s has increased pre-tax profits despite its revenues dipping in a record first-half performance. Plus Halfords loses another leading executive.
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News
Media Bites 13 April: Deflation, Co-op, Asda
Britain could be heading for deflation for first time in half a century; Co-op top brass set for bumper bonus; and Asda begin the search for a new chief eoperating officer.
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News
Thomas J Fudge's mulls sale as brand overhaul continues
Thomas J Fudge’s Remarkable Bakery is working with corporate adviser Grant Thornton on a potential sale of the business.
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Analysis and Features
Russian ban pushes down produce prices
The loss of the Russian market has led to stockpiling of many fruits and vegetables, and pushed down prices