All articles by Ed Devlin – Page 31
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NewsCommon Drinks raises six-figure funding to launch functional drinks range
Functional drinks startup Common has bagged a six-figure investment from a clutch of fmcg heavyweights as consumer demand for health-focused beverages continues to grow
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NewsCity snapshot: Euro 2024 to net retailers a sales boost
Retailers are set to score a spending boost as Euro 2024 kicks off on Friday with Scotland taking on host nation Germany. Plus, losses widen at spirits group Distil
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NewsDiageo sells majority stake in Guinness Nigeria
Diageo has sold a controlling stake in its Nigerian Guinness operation to its distributor in the country in a deal worth about $70m (£55m)
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NewsMedia Bites 11 June: Boots, Asda, Chill Brands
The papers follow up Bloomberg’s story that Walgreens Boots Alliance has shelved plans for a London float of Boots
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NewsSymington’s profits surge but uncertainty arises over CEO departure
Alongside the latest accounts for the year ended 31 December 2023, filings at Companies House also showed CEO Christian Boulter is no longer a director at the company
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NewsBulk shapes up for more growth following record year
An increase in the popularity of strength training has lifted DTC nutrition brand Bulk to a record performance as revenues jumped 30% to £123.1m in 2023
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NewsMedia Bites 30 May: Boots, loyalty cards, M&S
Profits at UK pharmacy chain Boots soared last year, driven by beauty sales and more shoppers visiting its stores
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NewsGousto returns to the black as it prioritises profits over growth
Revenues were almost flat year on year in 2023, nudging up by 1% to £308m as the recipe kit business turned off the tap for customer acquisition to focus on retention and save money
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NewsBear launches £2m crowdfunding round to expand coffee chain nationally
Schoolfriends Craig Bunting and Michael Thorley founded the business in 2014 and opened the first Bear site in their hometown of Uttoxeter in 2016
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NewsValeo Foods hits the acquisition trail once again with takeover of Dal Colle
Valeo Foods Group is back on the acquisition trail with a deal to buy Italian bakery producer Dal Colle as the ambient giant looks to build a platform across Europe
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NewsNomad Foods hires new CFO to succeed Samy Zekhout
Frozen food giant Nomad Foods has appointed Ruben Baldew as chief financial officer to succeed Samy Zekhout, who is leaving to explore new opportunities
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NewsCity snapshot: Profits tumble at Pets at Home despite sales growth
Profits have fallen at Pets at Home despite revenues growing at the petcare retailer, but the group still held its forecast for the new financial year
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NewsMedia Bites 28 May: Princes, election, inflation
There’s plenty to catch up on in the papers over the bank holiday weekend
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NewsCity news: M&S delights investors as turnaround finally takes hold
Investors lapped up declarations from Stuart Machin of Marks & Spencer entering a new era as a hard-fought and long-awaited turnaround started to bear fruit
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NewsCity snapshot: wet weather dampens UK retail sales
Retail sales volumes plunged by 2.3% in April as wet weather and cost of living constraints hit activity across the sector
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InterviewsChris Packham on taking his environmental crusade into grocery
The TV presenter has little time for the NFU and is also targeting the ‘catastrophic’ salmon fishing industry. But he believes a new rice brand can help make a difference
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NewsMedia Bites 24 May: Mondelez, Morrisons, Gusbourne
The papers pick up on a €337.5m fine for Mondelez after the Toblerone, Milka and Oreo was found to be involved in anti-competitive practices in the EU
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NewsHunter & Gather secures £500k to help maintain rapid growth
Hunter & Gather has secured a six-figure investment to support its expanding retail distribution and maintain rapid growth
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NewsBlockhead appoints liquidators weeks after running crowdfunding campaign
Functional chewing gum startup Blockhead has collapsed just weeks after attempting to raise £500k in a crowdfunding campaign
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NewsBakkavor scoops up Moorish houmous brand
Founded by Julie Waddell in 2012, Moorish generates annual revenues of about £2m and is stocked by the major supermarkets and independent retailers