All articles by Ed Devlin – Page 48
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NewsCity snapshot: Marston’s flags strong performance for new strategy
Pub group Marston’s has increased like-for-like sales by 10.1% in the year to 30 September thanks to a “strong” performance for food and drink.
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NewsVFC Foods expands plant-based offering with acquisition of Clive’s Purely Plants
VFC’s move follows the rescue of Meatless Farm in June
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NewsMedia Bites 10 October: Ultra-processed foods, Labour, grape harvest
Ultra-processed foods including chocolate bars should be labelled as “addictive substances” to help tackle soaring global obesity rates, a team of scientists have argued.
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NewsCity snapshot: BlueNalu raises $33.5m to scale lab-grown seafood
Lab-grown seafood innovator BlueNalu has raised $33.5m in a series B funding round to continue progress towards launching its sustainable, high-end bluefin tuna across the world.
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NewsThis targets profitability after heavy losses
Meat alternative producer This is targeting profitability by 2025 as it shifts focus from hyper-growth to improving margins following heavy losses.
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NewsMedia Bites 5 October: Tesco, big tobacco, Carlsberg
Tesco’s latest results grabs all the headlines this morning in the papers, alongside a hit to share prices of big tobacco as Rishi Sunak plans to raise the smoking age.
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NewsCity snapshot: Tesco raises profit guidance after “strong” first half
Tesco has lifted its outlook for the year as revenues and profits jumped in the first half, with CEO Ken Murphy expecting food inflation to continue to slow over the coming months.
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NewsSrsly Low Carb hits crowd target as it aims for retail push
Health food brand Srsly Low Carb has hit a £200k crowdfunding target to roll out more of its products across the retail channel
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NewsElla’s Kitchen CEO Mark Cuddigan steps down after 12 years
Long-serving Ella’s Kitchen CEO Mark Cuddigan is stepping down from the babyfood supplier just weeks after owner Hain Celestial unveiled a global restructuring programme, The Grocer can reveal
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NewsDistressed deals boost M&A activity
A surge in distressed acquisitions has boosted dealmaking figures once again as difficulties in the meat-free and brewery industries led to a pick-up in M&A activity, according to a new report
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NewsMedia Bites 3 October: John Lewis Partnership, food prices
Sharon White’s decision to throw in the towel as chairman of JLP is the main focus of this morning’s papers.
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NewsFlawsome eyes foodservice push and return to retail with £200k investment
Wonky fruit juice startup Flawsome has raised £200k in new backing to boost its foodservice distribution and push for a return to supermarket shelves
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NewsBetter Nature appoints non-exec as it launches fresh funding round
Plant-based challenger Better Nature has strengthened its board and kicked off a crowdfunding campaign as it continues to push tempeh into the mainstream
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NewsCity snapshot: Wilko suppliers to miss out of majority of money owed
Wilko owed creditors more than £600m when it collapsed, with suppliers only likely to claw back a small percentage of money owed, according to documents from administrator PwC.
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Analysis & FeaturesIs private ownership just what Finsbury Food needs?
Suitor DBay wants to build a bakery powerhouse through M&A
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NewsInflation and cost of living send Mindful Chef to steeper losses
Losses have widened at Mindful Chef as a squeeze on consumer spending and inflation dampened demand and hurt margins.
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NewsPrinces set to be sold for £700m as bidding battle heats up
Three global investment firms are battling to take control of tinned foods giant Princes as a £700m deal process enters its final stages.
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NewsMedia Bites 28 September: Morrisons, Chapel Down
News of Morrisons boss David Potts stepping down after nine years at the chain generates headlines this morning.
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NewsMedia Bites 26 September: Aldi, Morrisons, Berry Bros & Rudd
Annual results from Aldi dominate the headlines in the newspaper business sections this morning.
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NewsThis sells stake to ITV for TV ad campaign
Plant-based brand This has sold a minority stake to ITV in return for up to £4m worth of advertising across the station’s channels