All articles by Ed Devlin – Page 56
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NewsTroy Foods rescued by Fylde Fresh & Fabulous in pre-pack deal
Potato grower Fylde Fresh & Fabulous Group has rescued veg processor Troy Foods from administration.
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NewsCity snapshot: Irn-Bru owner AG Barr acquires energy drinks brand Boost
The group said the deal would boost profits and demonstrated its ongoing strategy to develop in high-growth and functional categories.
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NewsFullers Foods undergoes buyout with current MD Smith as new CEO
Frozen specialist Fullers Foods International has undergone a management buyout, with the fourth generation of the family business selling for an undisclosed sum
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News2 Sisters agrees sale of Holland’s Pies and bakery division
2 Sisters Food Group is close to offloading its bakery division after striking a conditional agreement with an Irish boutique investment firm
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NewsMedia Bites 1 December: inflation, Brexit, Huel
The papers all pick up the latest inflation data from the BRC’s shop price index.
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NewsCity snapshot: Food inflation races to new record high as price of eggs soar
Food inflation has hit new record highs as egg, dairy and meat prices all soar, leading to increasing pressure on households in the run up to Christmas.
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NewsMedia Bites 29 November: EG Group, high street, eggs
The petrol forecourts business owned by the billionaire Issa brothers has been accused of profiteering after gross fuel profits rose by 20% to $1.7bn.
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NewsCity snapshot: DX Group invests £3.6m in depot network
Logistics group DX is investing £3.6m into upgrading its existing depot network as part of its “ambitious” growth plans.
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NewsHancocks Cash & Carry owner eyes private equity sale
The owner of speciality wholesaler Hancocks Cash & Carry is gearing up for a potential sale as investment banking partners prepare to send out documents to prospective investors
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NewsMedia Bites 24 November: Pets at Home, Britvic, cost-of-living crisis
Half-year results for Pets at Home and annual figures from Britvic are picked up by this morning’s papers.
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NewsHolland & Barrett apologises over late payments as owner concludes £700m debt deal
Holland & Barrett has vowed to improve supplier relations amid growing protests from small suppliers over late payments extending past 120 days, with new government data showing the business paid almost 60% of invoices outside its agreed terms
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NewsBakkavor shares sink as volumes come under pressure
Shares in Bakkavor have plunged as the prepared foods group warned annual profits would be at the lower end of forecasts as volumes took a hit from the squeeze on consumer spending power.
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NewsCity snapshot: Britvic sales and profits fizz during hot summer
Revenues and profits at Britvic have fizzed higher as the group’s range of soft drinks proved popular over a hot summer and the out-of-home market recovered from the pandemic. Plus, Bakkavor warns of volume hit in Q3 and Pets at Home reports interims.
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NewsBetter Nature lands £700k funding boost to build tempeh awareness
Better Nature has raised new seed funding to fuel retail growth of its tempeh range in the UK and Europe ahead of a bigger series A round next year
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NewsMedia Bites 22 November: CBI conference, eggs, food production, fuel, Waitrose, Compass Group
The papers cover the speeches of John Lewis boss Sharon White and PM Rishi Sunak at the annual Confederation of British Industry conference.
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NewsCBD One raises crowd cash to bolster food and drink presence
Wellness brand CBD One has hit a £225k crowdfunding target as it expands its presence in the food and drink market.
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NewsMister Free’d secures funding as it lands B Corp certification
Gluten-free snack maker Mister Free’d has landed a six-figure funding package and secured B Corp certification.
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NewsReal Good Food secures £2.5m to support turnaround
Embattled Real Good Food has secured additional funding to support its ongoing turnaround efforts. Investors greeted the news positively, sending shares soaring 62% to 1.7p today.
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NewsCity snapshot: Compass Group accelerates ahead of pre-pandemic trading
Profits have soared at catering giant Compass as annual revenues surpassed pre-Covid levels and the business completed its recovery from the pandemic. Plus, Real Good Food secures new funding to supoort turnaround; and
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NewsCheeky Panda returns to crowd to boost rapid growth
Cheeky Panda is set to launch a new funding round to continue rapid growth and grab a larger share of the personal care market.