All articles by Ed Devlin – Page 56
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NewsCity snapshot: Food prices soar to highest rate on record
Food inflation has rocketed to its highest rate on record as soaring input costs continue to mount for suppliers, according to new figures this morning.
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NewsMedia Bites 27 September: Unilever, Aldi, Sainsbury’s
The papers focus on the retirement of Unilever boss Alan Jope and plummeting profits at Aldi.
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Analysis & FeaturesChina’s role in the global post-Covid market
Post-Covid, China’s growth has slowed significantly, with only 0.4% GDP growth in the second quarter of 2022
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Analysis & FeaturesFood and drink’s top financial performers of 2022
PepsiCo benefited from a return to out-of-home consumption of its snacks and drinks
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NewsBiscuits sales decline hits Pladis recovery
Revenues at Pladis have crumbled due to falling demand for biscuits in the wake of the pandemic and the impact the McVitie’s owner pushing through price increases
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Analysis & FeaturesOC&C Global 50 food and beverage rankings: how fmcg giants are tackling inflation
The world’s fmcg giants survived the pandemic. Now they’re facing into rampant inflation. Are they agile enough to handle rising costs, changing shopper habits and geopolitical volatility?
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NewsAston Manor sales and profits lose fizz in ’most difficult trading period in decades’
Chief executive Gordon Johncox said 2021 was “every bit as difficult, if not more so” than 2020.
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NewsRed Bull multipack sales gives energy drinks brand wings as supermarket sales soar
Red Bull has grabbed a record share of the UK energy drinks market as it attracted new shoppers to the category and continued to benefit from demand for its take-home multipacks.
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NewsCity snapshot: Shoppers pull back supermarket spending to tackle cost-of-living crisis
Shoppers reined in spending at supermarkets following the end of the summer holidays, according to new research this morning. Plus, LXi REIT confirms talks with Sainsbury’s over £500m sale-and-leaseback deal, Tesco makes new board appointment, and full-year results from Supermarket Income REIT and Egale Eye Solutions.
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NewsMedia Bites 20 September: mini-Budget, McVitie’s, Ben & Jerry’s, Naked Wines
There’s plenty of retail news to catch up on from the weekend’s papers.
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NewsPeckwater Brands acquires Honest Food Company from Delivery Hero
Virtual restaurant brand operator Peckwater Brands has expanded its reach with the acquisition of the Honest Food Company from German delivery service Delivery Hero.
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NewsM&A activity grinds to halt as fmcg industry battles soaring inflation
Dealmaking activity in the food and drinks industry looks set to return to lows not seen since the 2008 financial crash as rampant inflation led to a collapse in M&A over the summer.
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NewsMedia Bites 15 September: Obesity strategy, inflation, Naked Wines, Ocado
Liz Truss has launched a review of England’s anti-obesity strategy as part of a wider deregulation initiative that the new prime minister hopes will kick-start economic growth.
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NewsTribe smashes new crowdfunding goal to supercharge growth
Plant-based energy bar challenger Tribe has returned to the crowd for a third time to help supercharge growth as demand for healthier snacking continues to rise.
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NewsNaked Wines shares plummet as wine retailer signals shift in strategy to deal with falling demand
Naked Wines shares have tanked after the DTC wine seller hinted at a change of strategy to deal with falling consumer demand and rising costs.
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NewsCity snapshot: UK inflation slows but food prices keep soaring
Food prices have risen at the fastest rate for more than 14 years, with the sector becoming the biggest contributor to UK inflation last month. Plus, Naked Wines shares crash following two unexpected business updates after hours last night, and C&C Group issues first-half trading update.
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NewsMedia Bites 13 September: Queen Elizabeth, Asda, food shortages
Stores including John Lewis, Waitrose and Homebase have said they will shut on Monday 19 September, as a sign of respect to Queen Elizabeth II on her funeral.
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NewsCity Snapshot: MP Evans profits soar on record palm oil prices
Profits at palm oil producer MP Evans have soared as the price of the edible vegetable oil hit record highs as a result of the Ukraine war.
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NewsCharlie Bigham’s tops £100m sales and snaps up frozen brand By Ruby
Revenues increased 29.2% – or £23.6m – to a record £104.4m in 2020/21 thanks to a legion of new customers trying the brand’s range of meals and puddings throughout lockdown.
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NewsMedia Bites 9 September: Associated British Foods, Morrisons/McColl’s, Diageo
Coverage in today’s papers is dominated by the death of the Queen but there is still plenty in the way of retail and fmcg news.