All articles by Ed Devlin – Page 209
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NewsPotts has time to turnaround Morrisons but must improve offer, says retail analyst
Morrisons still has the weakest retail offer of its competitors and will need more time and money to win back shoppers, Bernstein has said.
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NewsBrowns Food Group to increase exports with bank support
Scottish food group Browns has agreed a £20m funding package to support ongoing growth and investment as it increases sales 4.4% to £151.7m.
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NewsPiper invests £6m in natural pet food brand Forthglade
Natural pet food manufacturer Forthglade has secured £6m backing from private equity house Piper as the brand aims to become a household name.
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NewsAldi to launch online offer as annual profits slide
Profits at Aldi have fallen as the discounter invested heavily in price and stores to stay ahead of its bigger rivals and grow sales to £6.89bn
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NewsCity snapshot: Aldi reveals online plan after another record year
Aldi has revealed plans to launch an e-commerce operation in 2016 after another year of record sales.
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NewsMedia Bites 28 September: Megabrew, Tesco, Sainsbury’s, Morrisons
There was much speculation in the papers this weekend that an official £70bn bid could be tabled this week by AB InBev for SABMiller. Plus, Tesco could pull the plug on the sale of Dunnhumby and Sainsbury’s gets set to report a further slide in sales for Q2.
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NewsQuorn profit rockets as first bids for business are expected
Quorn has seen pre-tax profit surge almost 50% to £26m as appetite for the meat substitute continues to grow
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NewsMajestic Wine appoints DIY specialist as MD
Majestic Wine has appointed a new managing director to head up the Majestic store network, The Grocer has learned
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NewsFeel Free seeks £200,000 to expand gluten-free production
Food producer Feel Free is looking to capitalise on the growing trend for gluten-free with a £200,000 crowdfunding pitch
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NewsDiageo volumes improve but volatile currency markets bite
Shares in drinks giant Diageo have risen as CEO Ivan Menezes reassured the market of the group’s impending recovery. The boost to the stock came despite Menezes warning operating profits would take a £150m hit because of volatile currency markets.
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NewsCity snapshot: Diageo set for £150m currency hangover
Diageo boss Ivan Menezes has warned this morning that £150m will be wiped off this year’s operating profits as a result of exchange rate movements.
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NewsMedia Bites 23 September: WH Smith, Kantar Worldpanel, AG Barr
Kantar Worldpanel’s most recent grocery market share figures, Irn-Bru maker AG Barr’s sales falling flat and WH Smith ended its ‘rip-off’ hospital shop prices all feature prominently in today’s papers.
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NewsGeneral Mills improves profits despite sales slip
Profits at General Mills leapt 23.6% to $426.6m in its first quarter despite overall revenues slipping slightly as the US food group improved pricing and focused on margin expansion efforts.
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NewsIrn-Bru maker’s stock plummets as sales disappoint
Shares at AG Barr have slid 5.4% so far today to a 35-month low after disappointing sales in the first half hit by mixed British weather and price deflation in the soft drink market. Analysts trimmed their full-year forecasts for the Irn-Bru owner but expected growth to return in the long term.
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NewsMorrisons adds food manufacturing heft to the board with former Arla Foods boss
Morrisons has bolstered its board with the appointment of Neil Davidson, the former CEO of Arla Foods UK
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NewsThemed cakes and M&A boosts Finsbury sales
Sales at Finsbury Food Group have increased 45.8% to £256.2m thanks to major acquisitions and the success of themed cakes based on Disney films, such as Frozen, and other animated characters.
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NewsCornish Sea Salt Co secures funding to fuel exports
Cornish Sea Salt Company is targeting more international sales after securing £1.3m in funding. The natural salt manufacturer also plans to ramp up its UK production facilities to keep up with demand for its products at home and abroad.
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NewsPureCircle sets sight on LSE main market as sales rise
PureCircle revealed its intention to move from the junior market of the London Stock Exchange to the main market as the ongoing war on sugar helped fuel a rise in sales at the stevia producer.
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News'Transformational' year for Finsbury as sales soar
Finsbury Food Group has boosted its top line by 45.8% to £256.2m and like-for-like sales 6.1%
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NewsMedia Bites 21 September: Megabrew, living wage, Ocado
The after-affects from last week’s big deal news continued to ripple through the papers at the weekend. There was also more fallout over the living wage, with the John Lewis chairman issuing a warning of its affects.