All articles by Ed Devlin – Page 21
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News
City snapshot: BlueNalu raises $33.5m to scale lab-grown seafood
Lab-grown seafood innovator BlueNalu has raised $33.5m in a series B funding round to continue progress towards launching its sustainable, high-end bluefin tuna across the world.
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News
This targets profitability after heavy losses
Meat alternative producer This is targeting profitability by 2025 as it shifts focus from hyper-growth to improving margins following heavy losses.
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News
Media Bites 5 October: Tesco, big tobacco, Carlsberg
Tesco’s latest results grabs all the headlines this morning in the papers, alongside a hit to share prices of big tobacco as Rishi Sunak plans to raise the smoking age.
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News
City snapshot: Tesco raises profit guidance after “strong” first half
Tesco has lifted its outlook for the year as revenues and profits jumped in the first half, with CEO Ken Murphy expecting food inflation to continue to slow over the coming months.
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News
Srsly Low Carb hits crowd target as it aims for retail push
Health food brand Srsly Low Carb has hit a £200k crowdfunding target to roll out more of its products across the retail channel
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News
Ella’s Kitchen CEO Mark Cuddigan steps down after 12 years
Long-serving Ella’s Kitchen CEO Mark Cuddigan is stepping down from the babyfood supplier just weeks after owner Hain Celestial unveiled a global restructuring programme, The Grocer can reveal
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News
Distressed deals boost M&A activity
A surge in distressed acquisitions has boosted dealmaking figures once again as difficulties in the meat-free and brewery industries led to a pick-up in M&A activity, according to a new report
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News
Media Bites 3 October: John Lewis Partnership, food prices
Sharon White’s decision to throw in the towel as chairman of JLP is the main focus of this morning’s papers.
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News
Flawsome eyes foodservice push and return to retail with £200k investment
Wonky fruit juice startup Flawsome has raised £200k in new backing to boost its foodservice distribution and push for a return to supermarket shelves
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News
Better Nature appoints non-exec as it launches fresh funding round
Plant-based challenger Better Nature has strengthened its board and kicked off a crowdfunding campaign as it continues to push tempeh into the mainstream
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News
City snapshot: Wilko suppliers to miss out of majority of money owed
Wilko owed creditors more than £600m when it collapsed, with suppliers only likely to claw back a small percentage of money owed, according to documents from administrator PwC.
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Analysis and Features
Is private ownership just what Finsbury Food needs?
Suitor DBay wants to build a bakery powerhouse through M&A
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News
Inflation and cost of living send Mindful Chef to steeper losses
Losses have widened at Mindful Chef as a squeeze on consumer spending and inflation dampened demand and hurt margins.
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News
Princes set to be sold for £700m as bidding battle heats up
Three global investment firms are battling to take control of tinned foods giant Princes as a £700m deal process enters its final stages.
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News
Media Bites 28 September: Morrisons, Chapel Down
News of Morrisons boss David Potts stepping down after nine years at the chain generates headlines this morning.
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News
Media Bites 26 September: Aldi, Morrisons, Berry Bros & Rudd
Annual results from Aldi dominate the headlines in the newspaper business sections this morning.
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News
This sells stake to ITV for TV ad campaign
Plant-based brand This has sold a minority stake to ITV in return for up to £4m worth of advertising across the station’s channels
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News
City snapshot: Cash-strapped shoppers drive record sales at Aldi
Aldi has boosted sales to a record high as the cost-of-living crisis pushed more shoppers through the doors of the discounters.
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News
Nutrigums sells stake to Play.com founder
Functional gummy vitamin brand Nutrigums has sold a stake to the founder and chairman of the online retailer Play.com Richard Goulding for an undisclosed sum
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News
Media Bites 22 September: Co-op, Asahi, Wilko, Ocado, SSP
The Co-op’s first-half results lead the coverage in a busy morning for fmcg news.