All articles by Ed Devlin – Page 59
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NewsCity snapshot: Shoppers to spend less this Christmas amid cost-of-living crisis
Consumers in the UK are planning to cut back this Christmas as a result of a double whammy of soaring prices and having less money to spend, with the discounters set to benefit from cash-strapped households, according to new research.
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NewsMedia Bites 7 November: Waitrose, food prices, Iceland, avian flu
Waitrose has insisted its supermarkets are better-stocked than some of its rivals despite claims that a bungled IT project has left many of its stores with empty shelves.
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NewsAdonis raises seven-figure sum to take keto snacking mainstream
Functional snacking brand Adonis has raised more than £1m in an effort to gain market share as demand for keto products grows in the UK
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NewsRoam wins crowd backing to push sustainable sexual wellness brand into retail channel
Sexual wellness challenger Roam has raised almost £2m from the crowd as it prepares to expand beyond the DTC into retail.
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NewsMedia Bites 28 October: Unilever, Amazon, M&S
The papers report on Unilever hiking prices by record levels and a share rout at at Amazon as the tech giant forecasts a Christmas slowdown.
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NewsSt Pierre swallowed by world’s biggest baker Grupo Bimbo
The deal is expected to accelerate the already rapid growth of the brioche maker in the US and fuel further international expansion
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NewsMedia Bites 27 October: Budget, Xmas ads, Reckitt Benckiser
UK chancellor Jeremy Hunt has delayed the date for his long-awaited medium-term fiscal plan from October 31 to November 17, as calmer markets give the government some economic breathing space.
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NewsPurearth collapses following cash squeeze as pressure intensifies on SMEs
The business, which sold a wide range of organic health drinks, appointed insolvency firm Begbies Traynor on 20 October 2022 following a meeting of creditors last week
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NewsParsley Box shares collapse as DTC ready meal firm mulls AIM delisting
Shares in Parsley Box have collapsed after the ready meals provider revealed it was considering delisting from London’s junior stock market following a disastrous year since floating.
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NewsCity snapshot: Virgin Wines expects revenue resilience as under-pressure consumers ditch the pub
Virgin Wines is confident drinkers will ditch pubs and restaurants in favour of socialising at home as household spending is squeezed harder. Plus, Parsley Box considers AIM delisting and Heineken and Reckitt Benckiser issue Q3 results.
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NewsMedia Bites 25 October: Rishi Sunak, UK economy, Tesco, M&S
The front pages of this morning’s papers are dominated by news that Rishi Sunak has been crowned as the new prime minister.
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NewsHeura raises €20m in mission to be European plant-based category leader
Plant-based brand Heura has raised €20m (£17.4m) to continue its rapid growth across Europe.
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NewsFood producer profit warnings hit 21-year high as costs spiral
Profits warnings have spiked at UK-listed firms amid soaring input cost inflation, with pressure on food producers’ bottom lines the most severe for more than 20 years.
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NewsCity snapshot: consumer confidence slides to historic lows
Consumer confidence in the UK has plunged to record lows as households reigned in spending amid economic volatility and soaring inflation
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NewsMedia Bites 21 October: Liz Truss, inflation, interest rates, Naked Wines
Headlines are dominated by the resignation of Liz Truss and the state of the economy but the papers also find room for Naked Wines’ new strategy.
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Comment & OpinionSMEs are set to suffer most in winter of insolvencies
After struggling to deal with input cost inflation, businesses across food and drink now face expect to face interest rates rising to more than 5%
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NewsHunter & Gather targets retail expansion after smashing crowdfunding goal
Specialist condiments and oils start-up Hunter & Gather has raised more than £700k from the crowd, comfortably beating its target of £500k as it targets more mainstream retail listings.
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NewsMedia Bites 20 October: Nestlé, P&G, inflation, cost-of-living crisis, Waitrose
The papers take in price hikes at Nestlé and P&G while also reporting on soaring inflation and the latest Waitrose annual food & drink report.
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NewsDoisy & Dam rescued from administration by Nurture Brands in pre-pack deal
Nurture Brands has rescued Doisy & Dam from administration, continuing its buy-and-build strategy and expanding its sustainable plant-based consumer products offering into the confectionery category
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NewsCity snapshot: Food prices hit 42-year high as inflation soars
Food and drink prices have soared to their highest levels in more than 40 years, pushing UK inflation back to highs seen over the summer, according to the latest figures. Plus, rising food prices help Nestlé increase organic sales in Q3, Just Eat Takeaway returns to profitability sooner than expected, and hedge fund Third Point reveals new position in Colgate-Palmolive and pushes for sale of its petcare business