All articles by Ed Devlin – Page 43
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NewsCity snapshot: ‘Whopper’ Christmas for supermarkets as Brits spend a record £13.7bn over the festive period
Supermarkets enjoyed the busiest Christmas since before the pandemic as a record £13.7bn passed through their tills over the crucial December trading period, according to data released this morning
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NewsDanone offloads US premium organic dairy business to Platinum Equity
Danone has agreed to sell its premium organic dairy business in the US to investment firm Platinum Equity for an undisclosed sum
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NewsIBC Simply acquires March Foods to form Delightful group
The foodservice supplier has snapped up March Foods to boost its food and drink manufacturing and co-packing capabilities
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NewsCity snapshot: Record-breaking Christmas for discounters Aldi and Lidl
Discounters Aldi and Lidl have both boasted of a record-breaking Christmas as hard-pressed shoppers looked to save money over the festive period. Plus, the BRC reports on retail inflation figures for December.
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NewsMedia Bites 2 January: Inflation, Princes, Unilever, M&S
Shop prices continued to rise at 4.3% in December as a price rise on non-food items offset easing costs on food.
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NewsCity snapshot: General Mills lowers expectations and warns of slower volume recovery
US consumer packaged goods giant General Mills has downgraded expectations for 2024 as steep price hikes depressed shopper demand.
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NewsMedia Bites 21 December: inflation, Diageo, Rimmel London
The bigger-than-expected fall in inflation makes headlines this morning.
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NewsADM snaps up London ingredients business FDL
Global grains merchant ADM has continued on the acquisition trail, picking up the London-headquartered ingredients business for an undisclosed price
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NewsMedia Bites 20 December: Asda, Anadolu Efes, ABF
The papers focus on the latest appearance of Mohsin Issa before MPs at the business and trade committee
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NewsCity snapshot: Food inflation falls to lowest since May 2022
Food price inflation has fallen for the eighth month in a row, helping the UK headline rate to slow by more than expected, according to official data this morning.
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NewsMyco appoints former VBites MD David Wood as new CEO
David Wood will take charge as the Darlington-based business ramps up production of its plant-based sustainable meat alternative at a purpose-built site in North Yorkshire
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NewsCity snapshot: ADM expands into dairy with Revela Foods deal
Global food processing and commodities giant ADM has acquired Revela Foods to expand its capabilities into the dairy category.
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NewsMedia Bites 19 December: Unilever, Tata, fuel prices
The latest sell-off at Unilever is the main fmcg news in this morning’s papers.
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RankingsReady meals 2023: Asian options benefit from at-home shift
Shoppers are turning to east Asian flavours as an alternative to pricier takeaways and meals out
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NewsLDC exits Cakesmiths as European bakery steps in
Handmade cakes supplier Cakesmiths has been acquired by European frozen pastries group Onore, providing private equity backer LDC with an exit
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NewsChristmas deadline set to find buyer for collapsed VBites
Administrators are racing to find a new buyer for Heather Mills’ vegan brand VBites before a Christmas deadline following its collapse into administration
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NewsWillicroft raising funds to launch fermented plant-based butter
Dutch vegan cheese maker Willicroft is aiming to raise €350k from the crowd
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NewsMedia Bites 15 December: interest rates, Christmas dinner, Campari
The Bank of England kept rates steady at 5.25% on Thursday as governor Andrew Bailey warned there was “still some way to go” before inflation hit its target.
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NewsMedia Bites 14 December: Apprentice levy, Berry Bros, Diageo
Britain’s biggest supermarkets, including Tesco, Asda and Morrisons, are calling on the government to reform the apprenticeship levy to address “critical and persistent” labour shortages.
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NewsBoots owner explores potential London IPO
The US owner of Boots is once again exploring options to sell off the UK pharmacy chain, including the possibility of a flotation on the London Stock Exchange