All articles by Ed Devlin – Page 62
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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.
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NewsTree of Life owner claims HSBC ‘refused’ to help ease burden
The health food wholesaler experienced a “dramatic” hit to sales caused by the twin shocks of Brexit and Covid, which followed a record year in the 12 months to 31 March 2021 when revenues exceeded £100m.
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NewsJonathan Warburton returns to helm of baker as MD Neil Campbell departs
MD Neil Campbell has left after nine years in charge amid tumultous inflationary market
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NewsMedia Bites 8 September: Ocado Retail, Beavertown, WH Smith
The papers pick up a new CEO for Ocado Retail, Liz Truss’ energy plans, the sale of Beavertown to Heineken and results at WH Smith.
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NewsBoundless Activated Snacking bags six-figure investment to grow gut health brand
Boundless Activated Snacking has secured a six-figure investment to maintain rapid growth at the gut health snacking brand.
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NewsCity Snapshot: Bakkavor sales recover but inflation drags on profits
Bakkavor Group has continued its recovery from pandemic disruption, reporting strong revenue momentum in the first half despite inflationary challenges. Plus, WH Smith issues a pre-close trading update for the year.
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NewsMedia Bites 6 September: Liz Truss, Camelot, Deliveroo
Coverage this morning is dominated by Liz Truss’ victory in the Conservative Party leadership contest.
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NewsHesper Farm Dairy ceases trading as liquidators seek buyer
Yorkshire yogurt maker Hesper Farm Dairy has ceased trading in the face of spiralling costs.
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NewsFruit supplier Jupiter Marketing collapses, leaving almost 100 jobless
Tim Bateson and Chris Pole from insolvency firm Interpath Advisory were appointed as joint administrators to Jupiter Marketing Ltd on 5 September 2022.
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NewsCity Snapshot: Iceland halts store openings as energy bills soar
Frozen food chain Iceland has put expansion plans on hold and warned of potential store closures as the cost of energy spirals.
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NewsCheeky Panda puts flotation plan on hold as IPO activity slows
Sustainable tissue challenger Cheeky Panda has put its ambitions for a blockbuster £300m flotation on hold amid economic turmoil and a dramatic global slowdown in IPO activity.
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NewsHunt’s Food Group steps in to rescue Tree of Life sister The Health Store from administration
Administrators at insolvency firm Interpath Advisory completed the sale of The Health Store brand and assets to the Dorset-headquartered group today
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NewsPlanted secures £61m to scale clean label meat-free brand
Swiss foodtech startup Planted has closed one of the biggest-ever funding rounds in the meat alternatives category to boost production capacity and expand its range.