All articles by Ed Devlin – Page 6
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NewsPZ Cussons shares sink on troubles in Africa
Investors sold off the stock in response to the results, sending shares tanking 15% to 87.5p on Wednesday
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NewsCity snapshot: Ocado Retail raises sales expectations as sales boom in Q3
Ocado Retail has lifted its full-year revenue expectations after continued momentum in the third quarter led to a 15.5% jump in sales to £658m. Plus, a trading update from vape maker Supreme and C&C Group appoints a non-exec to the board
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NewsTuggs secures seven-figure investment to bolster insect dogfood brand
Insect-based dogfood startup Tuggs has used a £1.1m investment round to boost growth and make its supply chain more sustainable
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NewsCity snapshot: PZ Cussons profits plunge amid currency devaluation in Nigeria
PZ Cussons has moved a step closer to selling off its troubled African business as the personal care group reveals sales and profits in the past year plummeted. Plus, the latest UK inflation and supermarket growth data, and full-year results from Supermarket Income REIT
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NewsTHG shares crash again as Ingenuity demerger plans revealed
Shares in THG have plunged today, as a warning that profits would be at the low end of forecasts took the shine off plans to split the e-commerce giant into two separate companies
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NewsCity snapshot: THG explores Ingenuity demerger
Ecommerce giant THG is weighing up a demerger of its Ingenuity platform to help strengthen its balance sheet and reinvigorate the embattled stock. Plus, Mcbride reports full-year results, with better-than-expected profits
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NewsDeliciously Ella to supercharge growth as Hero Group acquires plant-based food brand
Founders Ella Mills and husband Matthew, who is CEO at the healthy snacking brand, will remain with the company under the new owners to lead the next stage of growth
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NewsCity snapshot: General Mills offloads North American yoghurt operations to Lactalis and Sodiaal
General Mills has agreed to sell its North American yoghurt business to French dairies Lactalis and Sodiaal for $2.1bn (£1.6bn). Plus, agricultural supplies group Wynnstay appoints new CEO
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NewsFever-Tree shares lose fizz as mixer brand downgrades sales forecasts
Investors reacted with dismay to a downgrade to full-year forecasts after a damp summer in the UK supressed first-half sales growth
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NewsJohn Lewis Partnership transformation plan is working, says CEO
A transformation at John Lewis Partnership is “on track” as the retailer reported “a marked improvement” in its first-half results, with strong profit growth at Waitrose. Plus, a damp summer impacts first-half results at Fever-Tree
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NewsPlant-Ex Ingredients secures seven-figure investment from BGF for international expansion
The investment – in return for a minority stake – will help underpin significant international growth for the Bristol-based business, with a particular focus on the US market
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NewsHeinz volumes tumble as shoppers seek cheaper alternatives
Volumes at Heinz have nosedived further as higher prices put off cash-strapped shoppers, but the ketchup and baked beans giant expects to see a turnaround in 2024 as inflation continues to ease
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NewsCity snapshot: WH Smith launches £50m share buyback as travel division records strong growth
WH Smith group revenue was up 7% in the year ended 14 November, driven by a 10% increase in the travel business, according to a full-year trading update released this morning
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NewsWarburtons adds former Irn-Bru boss Roger White to its board
Warburtons has appointed former AG Barr boss Roger White to its board to support the bakery giant’s long-term growth, The Grocer has learned
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NewsValeo Foods strikes ‘transformative acquisition’ to buy sweet treats maker IDC Holding
Valeo Foods has snapped up a confectionery and biscuits producer in Slovakia as part of the group’s ambitions to become a major player in the European sweet treats market
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NewsCMA opens investigation into Carlsberg’s £3.3bn Britvic takeover
The CMA is inviting comments on the deal from companies and organisations with knowledge of the drinks industry before deciding whether to launch a formal Phase 1 merger inquiry
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NewsCity snapshot: Asda sales slump continues
Asda has lost market share as sales slumped further, with a turnaround at Morrisons beginning to take shape, according to new data from Kantar this morning. Plus, the CMA investigates Carlsberg takeover of Britvic
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NewsCity snapshot: Aldi to invest £800m in new stores as it reveals profits boost
Aldi has unveiled its biggest ever store investment programme after boosting profits on the back of record sales in 2023
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NewsHilltop Honey agrees £10m banking package to back overseas expansion
The funding package from Santander UK will allow the British honey brand to hold more stock, drive recruitment and accelerate growth
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NewsMedia Bites 28 August: Next, vapes, plant-based meat
Thousands of store staff at the retailer Next have won a six-year fight for equal pay in a tribunal ruling that will be closely watched by supermarkets