All articles by Ed Devlin – Page 209
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NewsCrowdfunding model attracts six more food and drink companies
Six more food and drink companies have turned to the crowd
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NewsB&M Bargains accelerates store opening plans
B&M Bargains is accelerating its store opening plans this financial year and now expects to add 80 net new outlets to its portfolio.
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NewsCity Snapshot: B&M Bargains reveals strong spring as shoppers stick with discounters
Listed value retailer B&M Bargains has reported another period of soaring growth in a strong spring trading update. Elsewhere, Marks & Spencer gives an insight into succession planning as head of food Steve Rowe takes over from head of GM John Dixon.
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NewsMedia Bites 17 July: M&S, Amazon
The papers focus heavily on news that Marks & Spencer’s head of general merchandise John Dixon has quit for another top job in retail. Also in the headlines is Amazon’s plans to launch online grocery delivery in the UK.
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NewsFinsbury to beat profits forecasts as sales heat up
Soaring sales at Finsbury Food Group have sent investors flocking to the listed bakery and cake supplier
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NewsSeabrook Crisps heads for £35m private equity deal
Private equity house LDC counts Ministry of Cake, The ComplEAT Food Group and Intercontinental Brands among its 90-strong portfolio
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NewsHilton shares plunge as meat group faces currency headwinds
Meat packaging business Hilton Food Group has traded in line with the board’s expectations despite challenging consumer conditions
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NewsCarrefour shares rise as international growth pushes up sales
Shares in French supermarket giant Carrefour have risen 2.5% to €30.89 thanks to continued sales growth in its second quarter
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NewsLidl sales climb £700m to record £4bn as new HQ plans unveiled
Lidl has hiked its UK sales by £700m to a record £4bn for the 2014 financial year as more shoppers desert the mainstream grocers for the discounters
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NewsCity Snapshot: Carr's food volumes hold up
Volumes in Carr’s Group food division, which supplies flour to the likes of Warburtons, are ahead of a year ago
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NewsSquare Pie targets £2m from launch of ‘pie bond’
Gourmet pie business Square Pie, which has listings in Tesco and Ocado is aiming to raise up to £2m from a crowdfunding campaign to add new products to its supermarket range.
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NewsCity Snapshot: Dairy Crest reports strong cheese quarter
Dairy Crest says its expectations are unchanged on the back of strong cheese growth, while Ferrero reaches 72% of Thorntons ownership
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NewsMedia Bites 14 July: Living wage, Tesco, GCA, Bargain Booze
George Osborne’s new national living wage is likely to lead to higher prices at the supermarket checkout, according to Moody’s. Plus Tesco brings in new click & collect charges, the GCA asks questions of Morrisons and profits and sales rise at Conviviality retail.
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Analysis & FeaturesConviviality Retails sidesteps takeover questions to focus on growth story
Conviviality Retail sought to shake any shadow potentially cast over today’s full-year results by the headline-grabbing reverse takeover bid of wine wholesale Matthew Clark by refusing to answer any questions on the subject.
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NewsBargain Booze owner lays foundations for growth
Conviviality Retail boss Diana Hunter has said the group is in a “strong position” to grow in the coming years after the Bargain Booze owner increased revenues 2.4% to £364.1m.
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NewsConviviality Retail confirms bid for Matthew Clark
Conviviality Retail has emerged as a front runner in the £200m sale of specialist wine wholesaler Matthew Clark…
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NewsCoty and P&G shares dip following mega-merger agreement
Shares in beauty giants Coty and Procter & Gamble slipped 4.7% to $30 and 0.4% to $80.66 respectively as investors weighed up the benefits of the $12.5bn deal for P&G’s beauty business.
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NewsCity Snapshot: Waitrose sales soar as sun shines
Sales at Waitrose soared 6% to £132.2m in the 22nd week of its current financial year thanks to “summer sunshine, British sporting heroics and US Independence Day parties”. Plus stevia producer PureCircle appoints two former Pepsi and Coke execs to the board.
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NewsMedia Bites 10 July: Bargain Booze, petrol prices, PepsiCo
Bargain Booze confirms its in the race for wine supplier Matthew Clark, fallout from the living wage announcement, Sainsbury’s and Tesco prices at the pump, PepsiCo beats market expectations and Procter & Gamble has agreed to sell 43 beauty brands to Coty.
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NewsWalgreens Boots beats profit forecasts for third quarter
Global pharmacy and health giant Walgreens Boots Alliance has beaten profit expectations in the third quarter as sales across its divisions grew following the official formation of the larger group.