All articles by Ed Devlin – Page 216
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NewsCity Snapshot: Fyffes pushes up profits forecasts
Irish fruit company Fyffes has significantly increased its earnings targets for 2015; Irish forecourt operator starts trading on the London and Dublin junior markets; and Waitrose has a demanding week. Plus the latest share price movements.
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NewsMedia Bites 19 June: Dunnhumby, Poundland, BHS
Google is teaming up with private equity firm Permira to make a joint bid for Tesco’s data business Dunnhumby; subdued trading at Poundland spooks the City; and BHS is reviewing the future of its flagship Oxford Street store in London.
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NewsAppetite for Charlie Bigham’s posh meals drive sales growth
Sales at Charlie Bigham’s have grown again despite a “fiercely competitive” grocery market and rising food costs as consumer appetite for its posh ready meals continues to get bigger.
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NewsPoundland shares sink despite £1bn breakthrough
Shares in Poundland sank more than 6% this morning despite sales at the discount retailer breaking the £1bn barrier for the first time.
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NewsCity Snapshot: Co-op drops fruit & veg prices as it enters price war
The Co-operative Group has waded into the supermarket price war with £125m committed to slash the cost of fruit and veg across its 2,800 UK stores. Plus Rimmel mascara maker Coty is close to taking over $12bn worth of Procter & Gamble’s beauty assets.
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NewsMedia Bites 17 June: Co-op, Coty, Nestlé, Woolworths
The Co-operative Group is to invest £125m to cut the prices of fruit and veg in its 2,800 UK stores; Rimmel mascara owner Coty is close to taking over $12bn worth of Procter & Gamble’s beauty assets; and Nestlé is cutting 15% of its workforce across 21 African countries.
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NewsMark Allen set for £1.2m pay-out for 'transforming' Dairy Crest if Müller deal a success
Dairy Crest CEO Mark Allen is in line for a potential £1.2m windfall if the proposed £80m acquisition of its liquid milk operation by Müller gets signed off by the UK competition watchdog.
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NewsCity Snapshot: Applegreen worth €300m after winning the backing of City funds
Irish forecourt operator Applegreen has revealed its flotation later this month will value the group at €299.7m (£218.8m) after winning backing
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NewsMedia Bites 16 June: Majestic Wine, Metro
All the papers follow The Grocer’s lead the morning with news that Majestic Wine is trialling selling single bottles of wine in the hope of winning new customers.
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NewsBargain Booze launches ‘cheeky’ take on Aldi adverts
Bargain Booze has launched a “cheeky” advertising campaign reversing the successful series of Aldi price comparison adverts as the off-licence chain matches the price of Carlsberg Export and Smirnoff vodka with the discounter’s own-label products.
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NewsMedia Bites 12 June: Sainsbury’s, Nestlé, PZ Cussons
Sainsbury’s CEO Mike Coupe acquitted of all charges by Egyptian courts, Nestlé attempts to trademark four-fingered KiKat bar fail and PZ Cussons brushes aside trouble in Nigeria to trade in line with expectations.
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NewsCity Snapshot: Waitrose sales heat up as sun shines
Waitrose said the arrival of sunny weather boosted sales 2.2% over the past week. Plus Contract Bottling and Speaking Water Brands merge to form Clearly Drinks. And the listed grocer’s continue a share price revival.
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WhiteWave acquires plant-based foods group for $550m
Alpro owner WhiteWave Foods Company has agreed to buy a plant-based foods manufacturer Vega for $550m (£354.5m).
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Permira gorges on healthy snacking businesses
Investment firm Permira, which recently sold Birds Eye owner Iglo Group to Nomad Foods, is combining two US snacks businesses after snapping up Medora Snacks and Ideal Snacks.
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NewsSupermarket woes to drag on to 2017, Moody's warns
Margins at the big four UK grocers are unlikely to recover for another 12 to 19 months as the price war continues to rage and like-for-like sales decline, ratings agency Moody’s has warned.
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NewsSainsbury’s boss Mike Coupe sees better times ahead
Sainsbury’s CEO Mike Coupe has speculated that its 2.1% first quarter like-for-like sales decline could signal the “low point of the cycle” as deflation eases and volumes return.
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NewsPoundland shares fall to all-time low after house broker downgrade
Shares in Poundland have fallen today to their lowest price since the discount chain floated in March 2014 on the back of a downgrade from its house broker.
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NewsCity Snapshot: Food sales stablise in May
Britain’s grocers saw food sales stabilise in May but the chilly weather and lack of sustained sunshine dampened overall retail figures for the month, according to the latest BRC-KPMG Retail Sales Monitor.
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NewsMedia Bites 9 June: Boots, Diageo, e-cigarettes
Boots cuts 700 jobs to concentrate on online and Diageo takeover rumours add almost £3bn to its value in one fell swoop
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NewsHambledon Vineyard raises £3.5m in mini-bond scheme
One of England’s oldest vineyards has raised £3.5m in a crowdfunding scheme to help expand its output and build up stocks.