All articles by Ed Devlin – Page 48
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News
Media Bites 19 January: Inflation, WH Smith, Just Eat, Aldi
News of slowing inflation dominates the business pages today, but the papers also find room for robust results from WH Smith and Just Eat
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News
Dr Vegan raises six-figure funding to fuel growth
The £566k raise from private investors follows the business hitting sales of £2m in 2022, its second year of trading.
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City snapshot: Inflation slows again but food prices keep shooting higher
Food and drink prices continued to climb higher in December, but the UK headline rate of inflation slowed for the second month in a row. Plus, trading updates from WH Smith, Just Eat Takeaway and Eagle Eye
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Media Bites 17 January: M&S, Fortnum & Mason
The papers all pick up on plans by Marks & Spencer to open 20 large stores and create 3,400 jobs in a bid to rejuvenate its presence on the high street after bumper Christmas trading
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City snapshot: MP Evans boosted by high palm oil prices and increased production
Sustainable Indonesian palm oil producer MP Evans is expecting “an excellent result” thanks to continuing high commodity prices combined with growing production and crop numbers.
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Acquisitions boost Kettle Foods to £100m in sales for first time
Snack maker Kettle Foods has pushed sales above the £100m mark for the first time thanks to bolt-on acquisitions and increased own-label demand.
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Media Bites 13 January: Tesco, M&S, Hilton Foods
The papers are filled with all the Christmas trading updates from ‘Super Thursday’, particularly focusing on Tesco and M&S.
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Media Bites 12 January: Sainsbury’s, Deliveroo, Warpaint London
There is little grocery news in the papers this morning aside from the Christmas trading update at Sainsbury’s.
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Valeo Foods brings in former Birds Eye boss Hudson to lead snacks division
Hudson has taken a temporary role at Valeo Foods to lead the group’s UK snacks business, responsible for the likes of Kettle, Manomasa and Fox’s
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Crussh food-to-go operator rescued in pre-pack adminstration deal
Food-to-go and juice bar group Crussh has been rescued after collapsing into administration, saving more than 160 jobs
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City snapshot: Record Christmas for Sainsbury’s as inflation lifts sales
Sainsbury’s has upped its profits expectations for the year after reporting a record Christmas. Plus, Nichols reports full-year trading update and reveals new chairman appointment.
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Media Bites 10 January: Lidl, Aldi, Waitrose, Sainsbury’s, BrewDog, McDonald’s
A packed morning of news in the papers, with the Christmas trading update from Lidl making headlines
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Analysis & Features
How Unilever provided safe haven amid 2022’s stock market storm
Unilever seems a ‘safe haven’, but the turmoil of 2022 was tough for many of the listed players. So who fared best… and worst?
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City News: B&M, Greggs and Next provide investors with some Christmas cheer
Bargain hunters looking to stretch budgets helped B&M and Greggs, while Next raised profit forecasts following better-than-expected festive trading.
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City snapshot: Lidl attracts 1.3 million new customers over Christmas
Lidl has this morning reported that it attracted more than an additional 1.3 million customers in the run up to Christmas as sales increased 24.5%.
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Northern Bloc acquires two heritage ice cream makers as it ramps up capacity at new Leeds HQ
The acquisitions of Criterion Ices and Marine Ices will boost revenues by an additional £2m
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Media Bites 5 January: Kantar, Sainsbury’s, Wilko, Amazon
There’s plenty of retail news in this morning’s papers to chew over following the latest Kantar Christmas spending data, Sainsbury’s raising shop-floor pay and Wilko securing fresh funding.
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News
Global Brands takes control of Hooch, Hooper’s and Reef from Molson Coors
The three brands have been produced and distributed by Global Brands since 2012, under licence from the North American brewing giant.
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City snapshot: Soaring prices deliver record Christmas supermarket sales
Spending in supermarkets has breached the £12bn barrier for the first time this Christmas thanks to soaring inflation, new Kantar figures have revealed. Plus, the BRC-NielsenIQ shop price index shows a new record for food inflation.
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Media Bites 3 January: Hospitality, footfall, shop closures
All the retail and fmcg news from the last few days as 2023 gets underway.