All articles by Ed Devlin – Page 208
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News
Danone expects troubling year ahead as European turmoil continues
Dairy producer Danone has forecast slower-than-expected organic sales growth for the year ahead as political and economic turbulence in Europe shows no signs of abating.
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Analysis and Features
Asda CEO Andy Clarke unmoved despite wonky sales
Asda CEO Andy Clarke and CFO Alex Russo exuded an aura of calm as they gave company updates
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News
SABMiller CFO Jamie Wilson steps down
Global brewer SABMiller has announced that CFO Jamie Wilson handed in his resignation for “personal reasons”.
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News
Surprise departure for Majestic Wine CEO Steve Lewis
The hunt is on for a new CEO at Majestic Wine following the immediate departure of current boss Steve Lewis this morning.
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News
City Snapshot: Nestlé grows profits despite sales slowdown
Nestlé increases dividend as profits rise but sales slip; Majestic Wine is looking for a new CEO; and a formal £5.4bn offer is made for can maker Rexam.
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News
Media Bites 19 February: Tesco, new Horsegate, Nestlé, Rexam
The papers take a look at the reaction to the appointment of new Tesco chairman John Allan and ask if traces of nuts found in spices could be bigger than Horsegate.
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News
Coke bottler Coca-Cola HBC share price falls as profits lack fizz
Coke’s European bottler is one of the day’s biggest fallers on the FTSE 100 after posting a sharp fall in fourth quarter profits as a result of currency headwinds and challenging conditions in Russia and Greece
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News
City Snapshot: Tesco appoints John Allan as new chairman
Tesco has ended its search for Sir Richard Broadbent’s successor with the appointment of John Allan. Plus full-year results for Coke bottler Coca-Cola HBC and a new CEO for Carlsberg. And all the latest share price movements.
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News
Media Bites 18 February: Tesco, Allan Leighton, Carlsberg, Nestle
The appointment of John Allan as Tesco chairman, pipping former Asda head Archie Norman to the post, dominates this morning’s headlines.
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News
Inflation tumbles to record lows as the big four grocers slug it out over price
The escalation in the supermarket price war and the falling cost of oil has helped inflation hit record lows in January.
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News
Cadbury owner Mondelez acquires allergen-free snack maker Enjoy Life Foods
Mondelez International is looking to tap into the fast-growing ‘free from’ sector to inject some life into declining sales with the acquisition of a private US snacking company.
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News
Consumer products sector dealmaking set to continue the 2014 surge
Strategic portfolio optimisation will continue to be one of the most important deal drivers in the coming year in the consumer products sector, according to Big Four financial services firm EY.
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News
Media Bites 16 February: Tesco, SABMiller, CBI
What the papers are saying about the industry this morning
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News
City Snapshot: 3G linked with potential $75bn takeover of SABMiller
SABMiller share price climbs as rumours emerge of a potential $75bn bid by 3G Capital. Plus a new candidate to become Tesco chairman enters the race and Ashbury Chocolates jobs saved in administration rescue deal.
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Analysis and Features
Why is Poundland cosying up with neighbouring 99p Stores?
99p Stores has been touted for sale since 2011. So it wasn’t entirely unexpected when Poundland announced…
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News
Hundreds of jobs saved at Ashbury Chocolates in rescue deal by Duc d’O owner
More than 200 jobs have been saved at a Midlands chocolate maker after the owner of Belgian brand Duc d’O acquired the company out of administration.
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News
Kellogg reports $293m loss in Q4 as US cereals market goes soggy
Kellogg has posted large losses in its final quarter and lowered sales expectations as consumers in the US turned their backs on cereals and snack bars.
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News
Oil price slump hits ethanol processors
Low crude oil prices have been a boon for many, but for makers of ethanol the slump in oil – to lows of below $50 a barrel…
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News
Media Bites 13 February: Morrisons, Tesco, Ocado
A former Morrisons chairman attacks Sir Ken Morrison for his treatment of sacked CEO Dalton Philips.
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News
City Snapshot: Bumper Ocado share price hands directors a healthy pay day
Ocado board receives a near £20m pay package in the year of its first profit and Waitrose sales fizz in the run up to Valentine’s Day. Plus all the latest moves in the City.