All articles by Ed Devlin – Page 35
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NewsMedia Bites 11 April: Tesco, Asda, Poundstretcher, food security
The latest annual results from Tesco get blanket coverage in today’s papers after the supermarket giant revealed bumper profits
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NewsFearne & Rosie set for growth push with two senior hires
Fearne & Rosie has appointed its first-ever finance director and sales director to help the fast-growing challenger brand get its range of healthier jams into more supermarkets
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NewsMinor Figures losses hit £10m in face of oat milk challenges in Asia
Losses have widened substantially at Minor Figures but the oat milk challenger said it was on the path to profitability after shifting focus away from Asia to growth markets in the UK and North America
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NewsBako expands into Northern Ireland with acquisition of Finlay’s Food
Founded in 1976 and based in Craigavon, Finlay’s manufactures and supplies ingredients to the bakery and general food industry
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NewsEl Rayo continues ‘super-premium’ tequila growth push with new seven-figure fundraising
El Rayo has raised an additional £1.3m in its latest funding round as it aims to become the second-biggest super-premium tequila in the UK in 2024
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NewsCity snapshot: Focus on value wins over shoppers as Tesco reports bumper sales and profits
A ‘substantial’ easing of inflation has helped drive a double-digit increase in profits at Tesco as the supermarket boosted market share and saw volumes recover. Plus, full-year results for THG and a first-half trading update from Treatt
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NewsMedia Bites 9 April: John Lewis Partnership, retail sales
The surprise appointment of Jason Tarry as the next JLP chairman dominates coverage in today’s papers
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NewsMarleybones wins backing from JamJar and Active Partners
The fresh dogfood startup has raised almost £1m in seed funding as the business aims to expand its retail distribution following recent wins
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NewsRe:Nourish wins six-figure backing to support expansion
The challenger brand will use the expansion loan to increase its manufacturing capability and back sales and marketing initiatives
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NewsCity snapshot: Cake Box profits beat expectations
Cake Box has lifted profits ahead of market expectations thanks to a renewed marketing push, a brand refresh and a new online store
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NewsTofoo Co weighing up strategic options as sales boom
Investment bankers at Piper Sandler are in the early stages of a process to weigh up interest in the fast-growing tofu brand, according to City sources
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NewsMedia Bites 4 April: Takeaways, Brexit, Hilton Food
Britain is eating 50% more takeaways than before Covid in a “drastic” shift in the nation’s eating habits, according to a report in today’s papers
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NewsBiome9 expands gut health service for dogs with new investments
Biome9 has raised more than £1m to expand its at-home gut microbiome testing service for dogs, with Warburtons boss Jonathan Warburton and former Pets at Home CEO Peter Pritchard taking part in the round
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NewsFurr Boost secures Dragons’ Den investment for dog smoothie brand
The business secured £50k from Touker Suleyman in return for a 30% stake
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NewsMomo Kombucha raises £1m to keep up with gut health demand
Momo Kombucha has secured a seven-figure investment to drive expansion plans as the gut health drinks start-up aims to hit revenues of £10m by 2026
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NewsCity snapshot: Supermarket basket size grows as inflation slows
Shoppers have been encouraged to put more in their baskets as inflation eased back to more manageable levels, according to the latest market data released this morning. Plus, full-year results from Hilton Food Group with a turnaround in seafood helping boost profits
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NewsWho Gives a Crap on a roll with rapid UK growth
Sustainable paper products challenger Who Gives a Crap is racking up rapid growth thanks to a loyal DTC customer base and expanding distribution in retail
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NewsNice Rice secures six-figure investment to build sustainable rice category
Nice Rice has closed a six-figure investment round to help with its mission to champion environmentally friendly products and grow the sustainable rice category in the UK
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NewsMedia Bites 2 April: Adnams, Unilever
A bumper edition as we catch up on all the news over the bank holiday weekend
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NewsHolland & Barrett pauses controversial changes to payment terms after supplier backlash
At least two brands contacted by The Grocer had refused to pay the new terms, which were proposed last week