All articles by Ed Devlin – Page 65
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NewsOatly shares sour as plant-based group slashes growth expectations
Oatly shares have slumped to a new low as losses widened further and the oat milk giant downgraded sales expectations
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NewsMedia Bites 2 August: Ukraine grain, Heineken, Cranswick
A grain shipment leaving the port of Odesa for the first time in months makes headlines this morning, as does the latest Heineken results and the rising cost of pork.
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NewsLab grown palm oil alternative step closer as Clean Food Group secures seed financing
It is hoped the lab-grown, cellular-based alternative could help reduce the detrimental environmental impact of palm oil production
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NewsCity Snapshot: Heineken fails to scare off drinkers as sales and profits soar despite higher prices
Sales and profits at Heineken have grown in the high double digits as consumers drank more beer despite prices rising. Plus, a Q1 update from Cranswick and the latest investment from Agronomics.
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NewsP&G warns of $3.3bn hit in year ahead from rising costs as price hikes help sales growth
Price rises pushed through by Procter & Gamble have helped increase sales at the US consumer products group, but it warned of another year of “significant” headwinds ahead.
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NewsCo-op job losses plan linked to £47m spending cut
The Grocer has seen a communication from CEO Shirine Khoury-Haq to staff that provides more clarity on the move
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NewsMedia Bites 29 July: Diageo, Nestlé, Amazon
Results from Diageo, Nestlé and Amazon make headlines this morning.
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NewsYorkshire Tea growth pushes Bettys & Taylors sales past £250m but rising costs hit profits
Elevated demand for Yorkshire Tea and Taylors of Harrogate has pushed revenues at owner Bettys & Taylors Group above a quarter of a billion pounds for the first time, but rising costs dented profits.
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NewsMedia Bites 28 July: Reckitt Benckiser, Kraft Heinz, McDonald’s, Haleon
The papers report on the latest big consumer groups hiking prices to manage inflation.
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NewsKraft Heinz pushes through price increases to manage inflation
The US group pushed up prices more than 12 percentage points in its second quarter, which helped sales beat Wall Street expectations.
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NewsVimto maker Nichols with ‘encouraging’ growth despite inflationary pressures
The boss of Nichols has hailed the drinks group’s first-half performance in the face of challenging inflationary headwinds, with Vimto making further market share gains and the out-of-home channel moving back above pre-Covid levels for the first time.
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NewsParsley Box shares sink as sales slide continues
The DTC ready meals for the over-65s operator reported a 30% fall in revenues to £9.6m in the six months to the end of June.
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NewsFood price inflation accelerates to 13-year high
Food prices have hit a 13-year high as spiralling production costs piled more pressure on the grocery sector, according to the latest industry data.
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NewsCity Snapshot: Danone and Reckitt Benckiser beat expectations thanks to price rises
Reckitt Benckiser and Danone have continued the trend of stronger-than-expected sales growth from big consumer groups fuelled by hefty price rises. Plus, trading updates from Haleon and Parsely Box, Q2 numbers from Mondelez, first-half results from British American Tobacco and Nichols, Q1 figures from Rémy Cointreau, and the latest shop price index from BRC and Nielsen.
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NewsLindt raises full-year outlook as sales soar in first half
Chocolatier Lindt & Sprüngli has lifted its forecasts for the year after smashing expectations in the first half as the positive growth trend in the global chocolate market continued.
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NewsCoca-Cola sales fizz higher as prices rise
Coca-Cola has outperformed expectations and raised its full-year forecast as demand for its portfolio of drinks held up in the face of rising prices.
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NewsMedia Bites 26 July: Amazon Prime, Morrisons, Premier Foods, Aldi
Amazon is increasing prices for its Prime membership scheme across its major European markets.
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Comment & OpinionPremier Foods’ Spice Tailor deal signals the end of its zombie phase
The Spice Tailor acquisition looks to be a savvy one in the context of continued high demand for home cooking
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NewsHeura continues rapid expansion as first-half sales double
Plant-based supplier Heura has doubled sales in the first six months of 2022 as it expanded distribution of its range across Europe.
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NewsCity Snapshot: Premier Foods snaps up The Spice Tailor for £44m
Premier Foods has acquired Indian meal kits brand The Spice Tailor for £44m as the Sharwood’s and Loyd Grossman owner looks to capitalise on growing demand for scratch cooking. Plus, Aldi gives staff a second pay rise of the year; and Naked Wines loses CFO.