All articles by Ed Devlin – Page 207
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NewsCity snapshot: Food sales fall in July as shoppers spend extra cash in the home
Food sales fell for the first time this year in July as consumers decided to spend their new-found disposable income elsewhere
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Analysis & FeaturesRising distress levels fuel robust food and drink M&A market
Despite improving economic conditions in the UK and Ireland, the woes of the big four grocers are helping drive a robust M&A market in food and drink
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NewsProfits sour further as Real Good Food looks to put sugar woes in the past
Real Good Food has reported widening losses in a year dominated by the market issues in sugar. The group said the “transformational” disposal of Napier Brown had now created a “strong” financial platform for future growth.
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NewsLakeland and Fane create dairy and agri powerhouse with mergers
Irish milk processor Lakeland Dairies has partnered with fellow co-operative Fane Valley to create two joint venture businesses with combined revenues of £605m.
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NewsBrakes tipped to go for IPO rather than private sale
Foodservice giant Brakes looks likely to buck the trend of choosing a sale over a stock market flotation…
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NewsTags Crisps bags backing of Dragons
Former Seabrook Crisps MD John Tague has secured a six-figure investment for his snack brand Tags after a pitch on the BBC’s Dragons’ Den. He hopes the backing of Deborah Meaden and Peter Jones will be the key to unlocking the door to a listing in Sainsbury’s.
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NewsCity Snapshot: Adnams falls during "long cold spring"
Adnams beer volumes fell 5% in the first half as the rapid evolution of the craft beer market posed a threat to its traditional English bitters
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NewsMedia Bites 4 August: Heineken, Sainsbury’s Bank, Kraft
Heineken’s first-half results show why the Dutch brewer is often highlighted as a takeover target; Sainsbury’s Bank cuts interest rates for Nectar cardholders; Kraft recalls 36,000 cases of individually wrapped cheese slices which pose a choking hazard; and Walmart removes realistic toy guns from its shelves.
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NewsJerky Group creates ‘house of brands’ with Cruga merger
The Jerky Group has agreed to merge with biltong and meat snacks supplier Cruga to form a combined company with revenues of about £12m.
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NewsCity snapshot: Heineken innovation and premium brands helps sales fizz
Revenues climb 7.2% to €10.93bn at Heineken in its first half thanks to volume, growth, innovation and the premium sector.
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NewsLiving wage increases to hit big four bottom line, warns Moody’s
George Osbourne’s hike of the minimum wage will hit food retailers the hardest with the Big Four UK grocers’ profits coming under particular pressure, according to a new report by Moody’s.
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NewsGreggs eyes growth potential of opening for longer on Sundays
A relaxation of Sunday trading laws could give a further boost to fast-growing Greggs, CEO Roger Whiteside has claimed…
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NewsBritvic appoints SABMiller South African finance chief as CFO
Britvic has appointed the finance chief of SABMiller’s South African division as CFO to succeed the outgoing John Gibney.
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NewsTate & Lyle reassures market with “solid” start
Investors flocked to Tate & Lyle to send its shares up 6.7% after the ingredients group reassured the market with a steady first quarter trading update.
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NewsIndian regulations to curb profit growth of European brewers
High barriers to entry into the lucrative Indian alcoholic beverage market are a boon to drinks giants Heineken, SABMiller, Diageo and Pernod Ricard, according to a new report from Moody’s.
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News
PPS packages up acquisition of Alison Handling Services with BGF backing
Returnable transit packaging company PPS has acquired a rival business with £4.9m backing from the Business Growth Fund.
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NewsP&G appoints company veteran as Lafley successor
Procter & Gamble veteran David Taylor is stepping into the shoes of AG Lafley when the chief executive and president of the global…
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NewsGreggs shares punch past £12 on more strong growth
A seventh quarter of unbroken growth at Greggs saw shares in the high street chain leap by more than 60p to break past £12 each as sales in the first half touched close to £400m.
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NewsCity snapshot: Greggs rises as consumer appetite for breakfast deals grow
Demand for its breakfast deals and new range of lower calorie sandwiches have helped high street chain Greggs post another strong set of results.
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NewsMedia Bites 29 July: P&G, Kantar, Diageo
P&G appoints a company veteran to step into CEO AG Lafley’s shoes; Kantar Worldpanel’s latest market share figures get a wide airing; The Guardian is the latest national to report on The Grocer’s scoop that Tesco is culling lunchbox-sized sugary drinks from its shelves; and there is also room for a look ahead to Diageo’s annual results tomorrow.