All articles by Ed Devlin – Page 21
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NewsManilife invests £1m in new factory as a platform for growth
The new 13,500 sq ft site in Derbyshire – set to start production in the first quarter of 2025 – has capacity to store up to six billion peanuts, equating to 15 million jars of peanut butter
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NewsCity snapshot: Volumes fall at AB InBev and Carlsberg amid tough consumer backdrop
Volumes at brewing giants AB InBev and Carlsberg have declined in the third quarter, with both groups coming in below market expectations. Plus, Sainsbury’s sells Argos credit card business, Ocado appoints new chairman and Q3 updates from Haleon and Coca-Cola HBC
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NewsPanesar Foods acquired by Finnish multinational Paulig
Founded in 1992, Tipton-based Panesar produces sauces, salsas and condiments for the speciality whole foods sector in the UK and overseas
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NewsCity snapshot: ‘Robust’ Q3 results for Mondelez International
Mondelez International has beaten market expectations for revenues and profits in the third quarter. Plus, Lidl agrees to buy new property, Imperial Brands begins £1.3bn share buyback and MicroSalt wins new customer for reduced sodium salt
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NewsDavison’s expands into ready-to-eat desserts thanks to banking funding
Family-owned desserts manufacturer Davison’s is expanding its range with new ready-to-eat puddings after agreeing a £6m bank funding package
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NewsBay’s Kitchen set for retail expansion following six-figure fundraise
The Cheltenham-based business, known for its range of sauces, soups, stocks, gravies and condiments, aims to boost its presence in UK grocery stores and expand internationally
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NewsCity snapshot: Profit rebuild on track at C&C Group despite poor summer hurting cider sales
C&C Group has delivered profits in line with expectations in the first half despite a washout summer driving down cider sales. Plus, the latest BRC shop price inflation data and full-year results from Ultimate Products
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NewsArtah Nutrition raises £3m to fuel growth in supplements
Rhian Stephenson founded the business in 2021 with a goal of helping customers feel and live better through clinical-grade food supplements and nutrition programmes
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NewsCity snapshot: Lidl agrees £70m real estate deal to forward fund 12 stores
Lidl has signed an agreement to sell 12 stores under construction to Roadside Real Estate for £70m. Plus, JLP is recruiting a record 12,500 temporary roles across the country over the Christmas period
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Analysis & FeaturesHow can new Nestlé chief Laurent Freixe get the company back on track?
Freixe has announced sweeping operational changes, and is planning to set more ‘realistic’ targets as consumers around the world turn towards value-driven alternatives to brands
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NewsJLM Global Foods seeks rescue deal as administration looms
The Grocer understands a pre-pack deal is potentially close to being secured
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NewsForest Feast owner Kestrel snaps up Indie Bay Snacks from Nurture Brands
The premium pretzel brand, launched by Dafna Bonas in May 2016, sells its low-calorie and low-fat snacks in the grocery, travel and DTC channels
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NewsPure Pet Food fetches £15m backing to support growth
Set up by childhood friends Daniel Valdur Eha and Mathew Cockroft in 2013, the Yorkshire-based business today employs more than 100 staff and serves in excess of 40,000 regular subscription customers
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NewsCity snapshot: Sharon White appointed Frontier Economics chairman
Dame Sharon White is to take on the role of chairman of economic consultancy Frontier Economics, replacing Gus O’Donnell, who has held the post for the last 11 years
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NewsCity snapshot: Food sales decline during bad weather and shopper spending restraint
Falling sales in supermarkets has dragged down growth on the high street in September as shoppers cut back on luxury foods, the latest ONS figures revealed
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NewsTate & Lyle targeted by US buyout specialist Advent International
Although there is no certainty an offer will be made, it is expected to be higher than Tate & Lyle’s £2.8bn market value
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NewsInfinite Roots secures £2m to explore whey upcycling tech
The German business is working with the Hamburg University of Technology to develop technology to upcycle whey into a fermentation feedstock for its mycelium, paving the way for the creation of new food ingredients and products
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NewsCity snapshot: Nestlé downgrades growth forecasts on weak shopper demand
Nestlé has lowered its growth expectations for the year after a disappointing third quarter as the world’s biggest food company struggled with soft consumer demand. Plus, Tate & Lyle shares boom on takeover speculation, and Deliveroo and Pernod Ricard report quarterly results
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NewsIGD veteran Nick Downing joins YF as business development head
Downing spent the past 23 years at IGD, where he was instrumental in expanding the organisation’s commercial arm as part of the executive team
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NewsVegan Food Group sells German factory to European tofu player
European tofu producer New Originals Company will continue to partner with VFG after buying the Wiesbaum site from the group