All articles by Ed Devlin – Page 50
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NewsMedia Bites 6 March: Waitrose/John Lewis, food shortages, Gousto, Morrisons
A round up of all the food and drink news in the papers over the weekend, with John Lewis and Waitrose in focus.
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NewsWholegood hunts for funding to ease cashflow issues
Specialist wholesaler Wholegood has hired advisors to explore funding options and ease cashflow pressures. The Grocer has learned the London-based group is close to securing growth funding, with financial advisory firm Kroll working on a deal.
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NewsThis raises £15m in series B funding round to fuel ongoing rapid growth
Meat alternatives brands This has closed a £15m funding round as it seeks to maintain rapid growth.
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NewsPerfectTed wins Dragons’ Den backing from Steven Bartlett and Peter Jones
Energy drinks start-up PerfectTed has secured high-profile investment following an appearance on the BBC’s Dragons’ Den.
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NewsMedia Bites 3 March: WH Smith, Haleon, AB InBev
WH Smith is hit by a second cyberattack in less than a year, while results from Haleon and AB InBev are also picked up by the papers
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NewsMedia Bites 2 March: Veg shortages, Reckitt Benckiser, Just Eat Takeaway
UK households face a heightened risk of shortages of carrots and leeks this year as the domestic farming sector struggles to adapt to more extreme weather and higher input costs, the president of the National Farmers’ Union has warned.
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NewsVimto maker Nichols back in the black but inflationary pressures persist
Soft drinks group Nichols has returned to the black thanks to a 14.3% jump in sales, with Vimto selling particularly well overseas. However, chairman John Nichols warned ongoing inflationary pressures continued to make life difficult in 2023.
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NewsHeura sales boom as it grows UK distribution for plant-based brand
In 2020 just 6% of sales occurred outside of Spain, while this number hit 12% in 2021 and 23% in 2022.
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NewsCity snapshot: Profits and sales jump at Reckitt as prices rise
Annual revenues at Reckitt Benckiser have increased 9.2% to £14.5bn as the Dettol to Durex owner increased prices by almost 10%. Plus, the latest BRC shop price index, and annual results from Vimto owner Nichols, Just Eat Takeaway and Glanbia
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NewsMedia Bites 28 February: Fruit & veg shortages, John Lewis, M&S, Primark, Morrisons
Ongoing fruit & veg shortages continue to make headlines, with the papers also reporting on Pippa Wicks parting ways with John Lewis and the latest ABF results
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NewsCity snapshot: ABF issues profits upgrade as inflation steadies
Associated British Foods has lifted its profit forecasts for the year as inflation becomes less volatile and commodity costs start to decline. Plus, DX group reports strong first half
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NewsFarmison pulls £2m crowdfunder as part of strategic rethink
DTC butcher Farmison has pulled a £2m crowdfunding raise as it puts the brakes on ambitious growth plans amid the challenging macroeconomic climate of squeezed consumer spending and surging costs.
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NewsMedia Bites 24 February: Fruit & veg shortages, ice cream, consumer confidence
The papers are still dominated by the fruit & veg shortages on supermarket shelves.
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NewsMedia Bites 23 February: Fruit & veg shortages, inflation, Danone
Environment secretary Therese Coffey was booed by farmers after saying UK egg shortages had not been caused by “market failure”, as the country’s biggest supermarket became the latest to ration purchases of some fruit and vegetables.
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NewsShandy Shack sells stake Jeremy Clarkson’s partner
Shandy Shack has sold a minority stake to Jeremy Clarkson’s partner Lisa Bentinck as the craft brewer seeks to deepen commercial ties with Diddly Squat Farm
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NewsCity snapshot: Price rises lift sales at Danone but margins fall on higher costs
Danone has boosted annual revenues on the back of higher prices but soaring costs squeezed the French food group’s profit margins. Plus, a pre-close trading update from Science in Sport.
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NewsPlanet Organic rethinks expansion plans as it reviews sale and financing options
CEO George Dymond told The Grocer the business is in ‘rude health’, but new funding is needed to open new stores and return to profitability
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NewsMedia Bites 21 February: NFU, fruit & veg, Aldi, Tesco
“Volatility, uncertainty and instability” are endangering UK farm businesses, according to the National Farmers’ Union, which is urging the government to support British food producers so they can keep supplying squeezed UK households and a growing global population.
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NewsCity snapshot: BrewDog enters Budweiser China joint venture to fuel Asian expansion
Craft brewer BrewDog has teamed up with Budweiser as part of a major expansion plan in China.
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NewsHavabier, Bemuse and Jump Ship turn to crowd to scale no & low brands
Three start-ups in the burgeoning no & low alcohol category have successfully raised almost £1m combined from the crowd