All articles by Ed Devlin – Page 22
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NewsApplied Nutrition hopes for £400m valuation as Mohsin Issa commits to IPO
Applied Nutrition has revealed Asda owner Mohsin Issa is committed to the group’s upcoming London IPO, which will see the sports supplements brand valued at up to £400m
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NewsCity snapshot: Agronomics invests $2m in Liberation Labs
London listed lab-grown meat investor Agronomics has invested a further $2m (£1.5m) in Liberation Labs
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NewsAlara Wholefoods transfers ownership to employees
The business, which makes a range of organic muesli, porridge and bircher, formally moved into the employee-owned trust scheme this week
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NewsVibrant Foods losses improve as turnaround progresses
Losses have narrowed significantly at Vibrant Foods as the private equity-backed group made progress in a turnaround attempt
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NewsCity snapshot: Golden quarter set to shine for retailers
Retailers can look forward to the strongest golden quarter since before the pandemic despite gloomy consumer confidence levels, according to a panel of industry experts
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NewsSainsbury’s shares slump as Qatar Investment Authority reduces stake
Qatar’s sovereign wealth fund is selling stock in the supermarket worth £306m, reducing its holding by about 5%
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NewsCity snapshot: THG raises £95m to progress Ingenuity spin-off
THG has raised £95.4m from shareholders to help fund its planned demerger of the Ingenuity DTC platform. Plus, the group also published Q3 results
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NewsSoft drinks challengers Nix & Kix and Square Root find rescue deals
Soft drink challengers Nix & Kix and Square Root Soda have secured rescue deals to ensure the survival of the brands after being hit by challenging headwinds in the category
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NewsGreencore investors show continued appetite for shares
Shares in Greencore shot up 10% this week as another profits upgrade led to analysts in the City raising their target prices for the stock
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NewsCity snapshot: Treatt confident in long-term prospects after strong second half
Treatt has maintained profits and sales expectations for the year thanks to strong momentum in the second half. Plus, Waitrose unveils multi-year partnership with Just Eat
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NewsCity snapshot: Marston’s optimistic about future as a focused pub group
Marston’s has outperformed the market and pointed to significant opportunities ahead as a focused pub group.
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NewsCity snapshot: Greencore upgrades profit forecasts after ‘outstanding performance’ in Q4
Profits at Greencore will be ahead of expectations thanks to “an outstanding performance” in the final quarter of its financial year. Plus, trading updates from Imperial Brands and Cooks Coffee, the latest data from Kantar, BRC and Barclays, and Gusbourne secures additional funding
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NewsCity snapshot: Mérieux NutriSciences agrees €360m deal with Bureau Veritas
Food safety company Mérieux NutriSciences has agreed to acquire the food testing business of Bureau Veritas for €360m
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News‘Back to the future’ as volumes fall at big 50
Volumes at the world’s largest consumer packaged goods companies tumbled for the first time in a decade last year as battered consumers sought out cheaper options in the face of constant price increases
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Analysis & FeaturesOC&C Global 50: how have fmcg giants fared in yet another stormy year?
The major multinationals saw sluggish growth in a turbulent 2023 and, despite falling inflation, are struggling to regain momentum
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NewsCity snapshot: Virgin Wines collaborates with Ocado Retail
Starting this week, Ocado customers have access to an exclusive selection of 50 wines from the Virgin Wines portfolio, “carefully curated” by the buying teams from both businesses
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NewsTesco shares race higher on profits upgrade and healthy dividends
Tesco increased group revenues 3.5% to £31.5bn in the 26 weeks ended 24 August
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NewsCity snapshot: Tesco raises profit expectations on strong first half
Tesco has upgraded profit forecasts for the year after boosting volumes by more than expected in the first half. Plus, a Q4 trading update from SSP Group
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NewsCity snapshot: Record sales as Shepherd Neame shifts focus away from off-trade
Britain’s oldest brewer Shepherd Neame has posted record revenues and a “good” uplift in profit as it pivoted away from the off-trade to focus on its pubs.
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NewsCity snapshot: Greggs like-for-like growth slows in Q3
Greggs has indicated an easing of cost inflation as it made “further good progress” in the third quarter. Plus, the BRC reports an increase in food inflation in September, and Pfizer sells down its stake in Haleon