All articles by Ed Devlin – Page 27
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NewsGymkhana Fine Foods brings in senior management trio to lead retail expansion
Gymkhana Fine Foods has strengthened its senior leadership team with three experienced hires
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NewsCity snapshot: Danone beats market forecasts in ‘strong’ first half
Net sales reached €13.8bn, climbing 4% on a like-for-like basis, with volumes jumping 2.1% and registering growth in each of the French group’s categories. Plus, first-half results from Just Eat Takeaway and Kerry Group
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NewsMedia Bites 30 July: Reckitt Benckiser, Heineken, Asda, Zoe, McDonald's
A busy morning in the papers for fmcg includes the latest woes for Reckitt, Heineken and Asda
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NewsZoe secures another $15m to push harder in the US
The $15m investment comes from New York consumer VC firm Coefficient Capital
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NewsPrinces back in the black as Newlat deal nears completion
Revenues edged down from £1.74bn to £1.71bn in the year to 31 March 2024 as volumes declined on the back of the group putting up prices, according to newly filed accounts
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NewsBrand Growth Heroes ‘Mini MBA’ produces first graduates
The founders of 10 scaling fmcg challenger brands have graduated from the first-ever Brand Growth Heroes ‘Mini MBA’, led by Fiona Fitzpatrick in partnership with investment bank Alantra
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NewsCity snapshot: Heineken raises profit forecasts on 'solid' half
Top story Heineken has raised profits guidance for 2024 despite poor weather in Europe and currency challenges as volumes increased in the first half. Net revenues increased 6% to €14.8bn in the six months to June, mainly driven by growth of the Dutch brewer’s largest operating companies ...
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NewsCity snapshot: Drivers still paying too much at the pumps as high fuel prices cost motorist £1.6bn in 2023 - CMA
Fuel margins at supermarkets are double what they were in 2019, according to the competition watchdog
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NewsMedia Bites 26 July: Unilever, John Lewis, THG, BAT
Unilever’s first-half results get plenty of pick up in today’s papers
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NewsOatly upgrades growth forecasts as it makes ‘solid progress’
Revenues in the second quarter nudged up 3.2% to $202.2m, with “solid” volume growth in each of its divisions
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NewsWhitworths returns to pre-tax profit as sales boom
Whitworths is looking ahead to “an exciting year” after the dried fruit and nuts brand bounced back into the black on the back of double-digit sales growth
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NewsCity News: Unilever shares soar as turnaround picks up pace
Investors ignored missed sales forecast at Unilever in favour of big beats to margin improvement targets to send shares at the Hellmann’s and Magnum supplier soaring to the top of the FTSE 100 on Thursday
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NewsCity snapshot: Unilever misses Q2 sales targets but makes profitability progress
Unilever has missed growth expectations in its second quarter as prices softened and CEO Hein Schumacher continued with a turnaround plan. Plus, half-year results from Nestlé and British American Tobacco, a full-year trading update from Virgin Wines and a Q1 update from Tate & Lyle
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NewsMedia Bites 25 July: Reckitt Benckiser, shoplifting, UPFs
Reckitt’s major overhaul and new shoplifting figures make headlines this morning
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NewsEurope Snacks set for new PE ownership as One Rock finalises acquisition
The own-label crisps manufacturer is close to changing hands after its current private equity owner kicked off a sale process earlier this year
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NewsCity snapshot: Reckitt unveils brand sell-off to simplify operations
Reckitt Benckiser is offloading its portfolio of homecare cleaning brands and the embattled baby formula business to focus on its stable of power brands in health and hygiene. Plus, the latest NIQ supermarket sales figures, first-half results from Nichols and a Q3 update from Greencore
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NewsMedia Bites 24 July: growers, Reckitt, ice cream, Sainsbury’s
The papers take a look at the threat to British berry growers, calls for Reckitt to sell its nutrition division, rising ice cream prices and investing in Sainsburry’s
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NewsMacallan Food Group launches with maiden deals in Scottish meat industry
Macallan Food Group – headed up by Bill Hazeldean and Stewart McLelland – has taken a controlling interest in Scottish meat supplier Malcom Allan and haggis and black pudding manufacturer Macsween of Edinburgh
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NewsMaison Ferrand acquires Identity Drinks to cement UK foothold
The family-owned company behind Ferrand Cognac, Planteray Rum and Citadelle Gin picked up a 60% stake in Identity Drinks in 2017
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NewsWhitebox Cocktails returns to the crowd for £200k top-up
Whitebox Cocktails has returned to the crowd to raise further investment as the RTD brand seeks to increase its retail exposure and expand overseas