All articles by Ed Devlin – Page 213
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NewsMedia Bites 27 July: Morrisons, space race, Diageo
Buyers at Morrisons have attempted to secure one-off payments from about 20 suppliers in a potential breach of the GCA, according to The Guardian. Diageo boss Ivan Menezes is expected to play down the SEC investigation into alleged ‘channel stuffing’ in this week’s annual results.
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NewsDanone sales up as it looks to return to growth in dairy
French dairy group Danone has reported “solid and profitable” growth in its first half, with sales up 4.6% in the six months and 4.5% in the second quarter, despite continued volatility in European dairy markets.
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NewsUrban Fresh Foods in talks for growth funds
The fruit snack business has been growing rapidly since it launched almost six years ago
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NewsCity Snapshot: Diageo faces scrutiny for artificially boosting sales
Shares in drinks giant Diageo have opened 1.6% down to 1,876p on the London Stock Exchange
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NewsMedia Bites 24 July: Diageo, Amazon, McDonalds, Starbucks
Diageo is reportedly under investigation in the US by the SEC for artificially boosting sales figures
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NewsSABMiller fizzy performance in emerging markets dented by sluggish Europe
Sales at global drinks group SABMiller have risen 3% in its first quarter despite challenging markets in Europe, China and Australia.
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NewsCoke hikes prices to combat strong dollar
Coca-Cola has increased profits thanks to rising prices in the US and Latin America
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NewsCity Snapshot: Real Good Food loses FD in London move
Real Good Food finance director Mike McDonough is leaving the group as a result of operational changes following the £34m sale of sugar business Napier Brown back in April. Plus Marston’s continues to make profitable progress in line with expectations.
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NewsMedia Bites 22 July: Nestlé, Co-op, sugar, PZ Cussons
Nestlé open a $50m R&D centre to reinvigorate frozen and chilled ranges and sugar prices crash further
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Analysis & FeaturesSeabrook and LDC reveal plans for making £35m crisps deal pay
Seabrook CEO Jonathan Bye and LDC director Ged Gould open up about the rationale behind their deal - and the key challenges and opportunities ahead
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NewsRexam £4.3bn takeover to undergo in-depth European scrutiny
The £4.3bn takeover of Rexam by US rival Ball Corporation is to be examined by the European Commission
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NewsSSP Group flies into currency headwinds
Like-for-like sales at food travel company SSP Group have been boosted by strong passenger growth at airports across the UK during the third quarter
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NewsSeabrook Crisps hungry for deals as part of expansion plan
Seabrook Crisps is eyeing potential bolt-on acquisitions as it seeks to broaden its portfolio and expand into new snacking categories following LDC-backed MBO.
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NewsCity Snapshot: Rising number of suppliers on the bread line thanks to supermarket price war
The battle between the UK’s biggest supermarkets has led to a 54% jump in the number of food suppliers in “significant” financial distress
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NewsMedia Bites 20 July: Seabrook Crisps, Iceland, Sainsbury’s
The takeover of Seabrooks Crisps, revealed by The Grocer on Thursday, has hit the papers this morning
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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