All articles by Ed Devlin – Page 213
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NewsPomeGreat founder departs after second collapse in two years
The administration comes just a month after the LGA named Pomegreat as having more sugar per 100ml than a can of Coke
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NewsB&M Bargains rollout proceeding 'full steam ahead'
A near-30% jump in revenues to £1.65bn in its maiden year as a listed company saw analysts lining up to praise B&M Bargains
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NewsLDC hungry for more food and drink investment from £1.2bn pot
Private equity house LDC has picked out the food and drink sector as a key area for investment after pledging £1.2bn of capital over three years to help accelerate growth among the UK’s mid-sized companies.
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NewsApplegreen looks to raise €70m in London and Dublin dual flotation
Petrol forecourt operator Applegreen has unveiled plans for the first Irish retail flotation since the onset of the recession.
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NewsJigsaw Foods pieces together bank funding deal to fuel US growth
Sauce manufacturer Jigsaw Foods has secured a £4m bank funding package to help with the expansion of the business at home and abroad.
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NewsCity Snapshot: Sales slip at AG Barr
Revenues at Irn-Bru maker AG Barr have fallen 1.1% so far this year as the soft drinks group’s performance returned to more normal sales phasing compared with the strong first-half in 2014.
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NewsRobust growth for grocers but challenges remain – CBI
Food retailers reported “robust” growth in sales volumes in the year to May, according to the CBI’s latest quarterly survey.
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NewsCity Snapshot: Sales and EBITDA climb in Q2 for Findus
Frozen giant Findus Group has released an update for its second quarter, with sales up 2% and EBITDA climbing 17% on a year ago.
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NewsMedia Bites 26 May: High street, M&S, Suntory, Costcutter
It’s a slow start to the week following the long bank holiday weekend with little in the way of grocery news in the papers.
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NewsPremier Foods' Gavin Darby hails return of volume growth
Premier Foods CEO Gavin Darby has hailed the return of volume growth at the supermarkets as a turning point…
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NewsKarro bags £74m package to aid next stage of expansion
Pork supplier Karro Food Group has secured a £74m funding package to support UK and international expansion.
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NewsReckitt Benckiser K-Y Jelly deal leads to more friction with competition watchdog
Durex owner Reckitt Benckiser’s attempt to acquire the K-Y Jelly brand is to come under more intense scrutiny from the UK’s deal watchdog as a result of concerns over higher prices for shoppers.
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NewsM&S profits rise as food ‘outperforms’ the market and capex tap is turned off
Marks & Spencer was one of the biggest risers on the FTSE 100 today after posting a 3.4% rise in pre-tax profits to £600m.
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NewsCity Snapshot: Bolland upbeat as M&S reveals first rise in profits under his reign
Marks & Spencer CEO Marc Bolland has praised the performance of the retailer’s food business as the high street bellwether posted a 6.1% rise in underlying pre-tax profits to £661.2m – the first rise in the bottom line for four years. Plus Britvic CFO announces retirement as drinks company posts interim results.
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NewsMedia Bites 20 May: Asda, Walmart, deflation, Premier Foods
Asda licks its wounds as it lags behind rivals; sales and profits fall at Walmart; UK in deflation for first time in 55 years; and Premier Foods and Greencore confident in face of falling prices.
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NewsPremier Foods benefits as supermarkets hit back at discounters
Premier Foods said it was starting to see the benefits of the brutal grocery price war as the supermarkets fight back against the growth of the German discounters.
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NewsAsda sales slump in ‘most challenging year yet’ for supermarkets
Asda has revealed a 3.9% fall in like-for-like sales during an “unprecedented” quarter in the grocery market.
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NewsCity Snapshot: Sales sizzle past £1bn at Cranswick
Sales at pork supplier Cranswick pass £1bn for the first time. Plus, Thorntons begins search for new CEO as Jonathan Hart resigns; Co-op executives survive stormy AGM; and shares in M&S soar as retailer gets set to unveil rise in profits.
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NewsMedia Bites 18 May: M&S, Co-op, Massimo Zanetti
Pressure eases on M&S CEO as retailer set to post rise in profits; Co-op executives face stormy AGM; and Massimo Zanetti to raise €200m.
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NewsC&C Group sales climb despite challenging environment
C&C also revealed a €67.8m loss due to a €150m impairment charge related to its US operations