All articles by Ed Devlin – Page 49
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NewsCity snapshot: NWF expands reach with £10m fuel oils deal as H1 trading remains ‘strong’
Specialist fuel, food and feed distributor NWF Group has reported “strong” first-half trading and announced a £10m acquisition in an update to the London Stock Exchange this morning. Plus, Greencore hands Sheffield workers a bumper pay increases ahead of Christmas
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NewsMedia Bites 22 December: fuel prices, Pret, Wilko, THG, Lidl
There’s plenty to digest in this morning’s papers, including claims that supermarkets are ‘heartlessly overcharging’ as fuel hits a festive peak.
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NewsCity snapshot: General Mills upgrades sales and profits guidance as Q2 beats expectations
General Mills has raised full-year forecasts for its top and bottom lines after beating expectations in the group’s second quarter. Plus, Pets at Home appoints former Asda boss Roger Burnley as non-exec.
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NewsMedia Bites 21 December: THG, AG Barr, Amazon
Troubled online beauty retailer THG faces pressure on its cashflow after a leading credit insurer reduced cover to its suppliers.
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NewsMondelez offloads chewing gum assets in US, Canada and Europe to Perfetti Van Melle for $1.4bn
The deal only includes the business in the US, Canada and Europe, with Mondelez retaining its gum holdings across Latin America, Asia, Middle East and Africa.
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NewsCity snapshot: AG Barr snaps up remaining stake in Moma Foods
AG Barr has acquired the remaining minority stake in plant-based milk brand Moma Foods for £3.4m. Plus, Hilton Food Group forms long-term strategic collaboration in Singapore with Country Foods.
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NewsMedia Bites 20 December: Tesco, Asda, footfall
Tesco faces questions about its South East Asian supply chain and Asda is hit by a trolley shortage.
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NewsCity snapshot: British Honey Co losses surge
Losses at the British Honey Co ballooned to £12m in 2021 as a result of a number of writedowns, it was revealed this morning as the distiller and honey producer published long-delayed accounts.
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NewsMedia Bites 19 December: Sainsbury’s, Tesco, energy bills, pigs in blankets
Sainsbury’s boss Simon Roberts has pledged to spend £550m to cut prices and take on Aldi.
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NewsJuvela gluten-free brand snapped up by S-Ventures
Fmcg investment house S-Ventures has acquired gluten-free brand Juvela to expand its portfolio of free-from suppliers
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NewsCity snapshot: Losses widen at Real Good Food as volumes tumble
Falling volumes and a delay in passing through price increases has pushed Real Good Food further into the red. Plus, consumer confidence edges up but remains at historic lows, and retail sales fall unexpectedly.
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NewsMedia Bites 16 December: Unilever, interest rates, consumer confidence
Unilever has resolved a lawsuit brought by the board of Ben & Jerry’s over sales in the occupied Palestinian territories, ending an 18-month dispute.
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NewsNurture Brands buys seaweed crisp maker Abakus Foods
Plant-based group Nurture Brands has continued to build its portfolio of brands with the acquisition of seaweed crisps producer Abakus Foods.
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NewsMedia Bites 15 December: inflation, Aldi, Pepco, insolvencies
The main stories in today’s papers is the fall in the UK inflation rate.
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NewsOcado Retail ‘small restructure’ results in 40 head office job losses
The company told The Grocer it had last month “completed a small restructure at its head office site” as part of an “ongoing drive for efficiency and cost effectiveness”
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NewsBumboo smashes £400k crowd target to grow bamboo toilet paper brand
Eco toilet paper challenger Bumboo has cleaned up a £400k crowdfunding round, valuing the startup at £5m
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NewsCity snapshot: Food prices hit new 45-year high but overall inflation slows
Food prices have continued to soar to fresh 45-year highs despite the overall headline rate of UK inflation slowing down in the past month. Plus, The British Honey Co and Love Hemp both secure loans to solve immediate cashflow pressures.
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NewsGrounded closes seed round to fund plant-based protein shakes
Launched in 2020, the brand quickly picked up listings in premium retailers such as Selfridges and Planet Organic, as well as in the Soho House estate and gym groups across London, including Virgin Active and Gym Box.
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NewsThe British Snack Co raises £150k from the crowd
Snacking brand The British Snack Co has hit a crowdfunding target as it prepares to relaunch its pork scratching range and accelerate the growth of its sales channels.
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NewsToast Ale secures £2m to continue food waste fight in beer category
Social enterprise brewery Toast Ale has raised more than £2m to grow the positive impact of its business, with investors including Heineken and former Unilever boss Paul Polman.