All articles by Ed Devlin – Page 225
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NewsCity snapshot: Greggs rises as consumer appetite for breakfast deals grow
Demand for its breakfast deals and new range of lower calorie sandwiches have helped high street chain Greggs post another strong set of results.
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NewsMedia Bites 29 July: P&G, Kantar, Diageo
P&G appoints a company veteran to step into CEO AG Lafley’s shoes; Kantar Worldpanel’s latest market share figures get a wide airing; The Guardian is the latest national to report on The Grocer’s scoop that Tesco is culling lunchbox-sized sugary drinks from its shelves; and there is also room for a look ahead to Diageo’s annual results tomorrow.
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NewsDiageo to end Heineken partnership and go it alone in South Africa
Diageo is selling off its stakes in a joint venture with rival drinks giant Heineken as it restructures its operations in South Africa and Namibia.
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NewsGreencore sales climb as food-to-go continues to shine
New product lines at Greencore’s £35m Northampton factory have contributed toward the growth of the sandwich maker’s food-to-go business in the UK during its third quarter.
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NewsCapvest takes control of Valeo Foods
Irish agri-business Origin Enterprises has sold its 32% stake in Jacob’s owner Valeo Foods Group
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NewsCranswick revenues climb thanks to “strong” volume growth
Meat supplier Cranswick has registered a robust start to its new financial year, with sales in the first quarter up 8% as volumes jump 7%.
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NewsCity snapshot: Fever-Tree reports soaring sales
Fever-Tree has reported soaring sales of £24.1m - up 62% - in its first half, with adjusted EBITDA rising 68%
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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.