All articles by Ed Devlin – Page 66
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NewsMedia Bites 22 July: Ocado, M&S, GoPuff, Britvic, Amazon
The papers give plenty of coverage to the latest Ocado results and the surprise exit at M&S of CFO Eoin Tonge.
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NewsMackie’s at Taypack to go it alone as Taylor family take control of joint venture
Scottish food group Mackie’s has sold its holdings in the company’s premium crisp brand to its joint venture partner to focus exclusively on ice cream and chocolate.
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NewsRevive Eco smashes crowdfunding target to scale up palm oil alternative
A biotech start-up creating palm oil alternatives from used coffee grounds for the food & drink and cosmetics industries has smashed its crowdfunding target, bringing in more than double its £150k goal.
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NewsMedia Bites 21 July: Petrol prices, inflation, Premier Foods, Royal Mail
The UK’s leading motoring organisations have accused the biggest supermarkets in the country of not passing on the drop in wholesale fuel prices to customers, with one urging the market regulator to reopen an investigation.
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NewsRollagranola rescues Primrose’s Kitchen brand from liquidation
Granola manufacturer Rollagranola is aiming to return upmarket muesli brand Primrose’s Kitchen to supermarket shelves after rescuing it from liquidation.
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NewsPremier Foods hails growth as its brands appeal to cash-strapped shoppers
Premier Foods has reported a “strong start” to the year as its stable of noodles, sauces and stock cubes helped shoppers in search of cheaper meals.
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NewsCity Snapshot: Food prices rise faster than headline rate of inflation
Food and drink prices have soared higher than the headline rate of inflation in June as sharp rises in input costs fed through to supermarket shelves. Plus, Premier Foods reports a “strong start” to its financial year; and Finsbury Food Group issues a pre-close trading update.
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NewsMedia Bites 19 July: GlaxoSmithKline, Deliveroo, petrol prices
GSK’s consumer health spin-off Haleon has become the largest London listing in more than a decade on its first day of trading, making the owner of Sensodyne toothpaste and Panadol painkillers the world’s biggest standalone consumer health business.
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NewsRising costs trigger surge in profit warnings in first half of 2022
A record number of grocery stocks issues profits warnings in the first half of 2022 as spiralling costs squeezed margins and consumers tightened purse strings.
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NewsCapVest enters confectionery market with acquisition of Natra
Established in 1943, the Spanish company specialises in cocoa ingredients and chocolate products for private label and co-manufacturing for other brands.
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NewsCity snapshot: Deliveroo slashes sales outlook as cost-of-living crisis squeezes consumers
Top story Deliveroo has downgraded its sales forecasts for the year as squeezed consumers cut back their spending on takeaways. In a trading update, the group revealed gross transaction value (GTV) growth for the second quarter plunged to just 2%, compared with 12% in the first three ...
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NewsMedia Bites 15 July: Amazon, Pret a Manger, Asda, SSP
Amazon will create more than 4,000 permanent jobs to become one of the UK’s top employers, while Pret a Manger handed a near-£4m share bonus and 27% salary rise to its chief executive.
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NewsTree of Life owner in talks with banks to secure future
The group behind health food distributor Tree of Life is in talks with lenders to secure its future as it battles supply chain issues and rampant inflation, The Grocer has learned.
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NewsNaked Sprout exceeds crowdfunding target to reinvent sustainable tissue category
Eco tissue products challenger Naked Sprout has raised more than twice its targeted goal in a crowdfunding campaign as it seeks to shake up the category and take on sustainable rival Cheeky Panda.
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NewsMedia Bites 14 July: Wetherspoons, Tesco, inflation
A trading update from pub operator JD Wetherspoon is the main retail news in the papers this morning.
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NewsLove Ocean returns to the crowd for further growth funding
The refillable toiletries brand is currently overfunding on Crowdcube
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NewsValeo Foods eyes more deals as it brings in global head of M&A
Deal hungry ambient food group Valeo Foods has signalled its intent to continue a global acquisition spree with the appointment of a head of M&A
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NewsCity Snapshot: JD Wetherspoon calls for tax equality with ‘far more profitable’ supermarkets
JD Wetherspoon has called for tax equality between pubs and supermarkets as the group reported its losses for the year would be larger than expected. Plus, spirits group Distil issues a trading update and KKR’s acquisition of drinks bottler Refresco completes.
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NewsMedia Bites 12 July: Consumer spending, retail sales, Superdrug
Shoppers are cutting spending on food because of the cost-of-living crisis – but are still splashing out more than before the pandemic on their hobbies and gardens, according to official spending statistics from the Office for National Statistics.
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NewsSpiceBox to push further in retail with backing from Veg Capital
The business started life as a street food stall in 2016 before opening two curry houses in north London and expanding into retail products during the pandemic in 2020.