All articles by Ed Devlin – Page 226
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News
Media Bites 5 February: Tesco, Boots, Starbucks
Tesco’s latest woes dominates the news this morning with the supermarket to come under fresh scrutiny by the supermarket watchdog over its dealings with suppliers.
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NewsSmucker’s to cater for cats and dogs with $5.8bn Big Heart deal
US food group JM Smucker has entered the pet food and snacks category with the $5.8bn acquisition of Big Heart Pet Brands.
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Analysis & FeaturesOcado puts champagne on ice as it focuses long-term value
Champagne corks were not popping over at Ocado HQ yesterday despite the online retailer posting its maiden full-year profit after 15 years of trading, according to CEO Tim Steiner. His focus remains on driving long-term value for shareholders.
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NewsCargill swoops for Zambeef oil subsidiary for $25.7m
US multinational Cargill has agreed to acquire the edible oil and soybean meal subsidiary of listed agribusiness Zambeef for $25.7m.
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NewsOcado reports its first annual profit in 15 years of trading
Online grocer Ocado has, as expected, posted its first annual profit since it started operating 15 years ago as revenue jumped by almost 20% compared with 2013.
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NewsIrn-Bru owner AG Barr to shake up cocktail market with £21m takeover of Funkin
AG Barr is entering the cocktail mixer market with the acquisition of Funkin Cocktails in a deal worth up to £21m.
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NewsInterbev UK raises a glass to Lloyds funding deal
Drinks wholesaler Interbev UK has secured a £9m bank funding package to support its growth.
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NewsCake Angels' Fiddes Payne flies high on rising sales & profits
Fiddes Payne, tipped by dealmakers as a takeover target this year, has highlighted its potential to prospective buyers…
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NewsPoultry packager looks to future strong growth after rescue deal
A fresh poultry supplier to the likes of Asda has been sold out of administration saving the jobs of the 22-strong workforce.
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Analysis & FeaturesIntense competition in UK grocery market driving food and beverage M&A
Fierce competition in UK grocery will be the main driving force behind an uptick in food and beverage M&A this year, according to new analysis by Grant Thornton.
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NewsStrong Christmas for Cranswick but pig price deflation hits revenue
Deflation in pig prices has continued to act as a drag on Cranswick revenues in its third quarter but failed to make a dent in the group’s profits.
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NewsMolson Coors sells its UK maltings business to Soufflet Group
Brewer Molson Coors UK has agreed to sell its maltings business to French agriculture group Soufflet.
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NewsIrn-Bru maker AG Barr outperforms soft drink market with sales up 5%
AG Barr has posted a final quarter trading performance “well ahead” of the soft drinks market with revenue growth of 5% for the period ended 25 January.
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Analysis & FeaturesFood-to-go continues to drive Greencore in 2015
Greencore posted a robust Q1 performance today but the best is yet to come from its food-to-go business in 2015.
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NewsPZ Cussons profits hit by unrest in Nigeria
Profits at PZ Cussons have fallen as the Imperial Leather manufacturer continued to suffer from political unrest in Nigeria.
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NewsGreencore registers sales rise despite challenges of the big four
Revenues jumped 3.6% at Greencore Group to £331.9m in the first quarter thanks to continued good growth in the UK food-to-go market and strong double-digit rises in the US.
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NewsPoundland unfazed by shopper income surge
Consumers have more money but Poundland CEO Jim McCarthy is confident they will continue to flock to his chain regardless…
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NewsFood retailers issue record number of profit warnings in 2014
Listed UK food and drug retailers issued a record number of profit warnings in 2014 as the grocery sector came under attack from discounters.
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Analysis & FeaturesSugar suppliers face sweeter future with end of EU quotas
UK sugar suppliers may be feeling bitter over low prices and the pressure health campaigners are putting on their product…
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Analysis & FeaturesPremier Foods flying high as investors cling to shreds of good news
At first glance it may seem somewhat surprising to witness shares in Premier Foods flying today as its power brands once again failed to perform. What’s behind it?