All articles by Ed Devlin – Page 46
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NewsFarmison rescued from administration by ex-Asda boss Andy Clarke
Collapsed online meat retailer Farmison has been bought out of administration by a consortium led by former Asda boss Andy Clarke.
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NewsTonic Health launches £500k crowd round for US push
Tonic Health is closing in on a £500k fundraising target as the natural supplements start-up returns to the crowd for follow-on investment
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NewsVegan fried chicken VFC secures £6m to boost growth
Plant-based investment firm Veg Capital led the latest seed round
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NewsFood and drink insolvencies soar as inflation takes toll
Insolvencies in food and drink manufacturing have soared in the past year as surging cost inflation and falling consumer spending squeezed firms
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NewsCity snapshot: Food prices race to 45-year high to keep UK inflation higher than hoped
Soaring food prices have contributed to a higher-than-expected inflation rate in March, according to the latest government figures. Plus, Heineken and Just Eat Takeaway report first quarter results, while Cake Box issues a full-year trading update.
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NewsMedia Bites 18 April: THG, inflation
The main headlines in this morning’s papers are reserved for THG following a speculative bid from a PE firm.
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NewsGreencore seeking CFO as Emma Hynes steps down
Hynes will leave the food-to-go specialist in May following the group’s half-year results, remaining with Greencore for a transition period to help her successor.
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NewsCity snapshot: Supreme upgrades expectations amid vaping boom
Vape manufacturer Supreme is set to report annual results that are “comfortably ahead” of market expectations thanks to booming sales and acquisitions
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NewsMedia Bites 13 April: Planet Organic, Tesco, British growers
Holland & Barrett is weighing a last-ditch rescue bid for Planet Organic, according to media reports this morning.
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NewsPerkier smashes new crowdfunding round
The snack bar brand plans to use the money to increase digital marketing and push trade marketing investment
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NewsGenius Foods secures refinancing to invest in factory
The business has raised funds to improve efficiency and production lines in its bakery based in Bathgate, Scotland
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NewsCity snapshot: Record first-half sales at Treatt as drinks volumes prove resilient
Ingredients manufacturer Treatt has reported a strong start to the year, registering record sales in the first half
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NewsFarmison collapses as rescue deal proves out of reach
Most of the 75 employees at the Yorkshire-headquartered company were made redundant on appointment of administrators as the business ceased trading
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NewsMedia Bites 11 April: Tesco, Poundstretcher, Love Hemp, Unilever
Tesco is in focus as the supermarket giant gets set to publish its annual financial results on Thursday.
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NewsGSK veteran Nick Cooper joins Quorn as chief financial officer
Cooper worked in several finance roles across GSK’s pharmaceuticals and consumer healthcare divisions
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NewsHilton Food Group hands reins to former Co-op boss Steve Murrells
Former Co-op Group boss Steve Murrells has been appointed as the new CEO of meat processing giant Hilton Food Group.
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NewsPlanet Organic seeking £3m to fund new rescue plan
Planet Organic has until next week to secure a deal, with the rescue plan outlining a new slimmed-down business
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NewsMedia Bites 6 April: Co-op, Hilton Food Group, Berry Bros
The papers pick up on the latest annual results from the Co-op this morning.
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NewsDavid Wood Baking battles surging inflation
David Wood Baking has relieved pressures by sourcing new funding and pushing through price hikes to recover soaring input costs.
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NewsOddbox reports loss as it invests in winning wonky veg customers
Newly filed accounts for the year ended 30 June 2022 revealed the business fell to a £4.8m pre-tax loss, compared with profits of £540k in the previous financial year.