All articles by Ed Devlin – Page 68
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NewsThistle Seafoods nets Dawnfresh factory in administration deal
Thistle plans to develop the 100,000 sq ft site in Uddingston in South Lanarkshire into an advanced added-value seafood processing and distribution centre for retail and wholesale customers in the UK and overseas.
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NewsCity Snapshot: Higher prices provide boost to PZ Cussons sales
Personal care group PZ Cussons has continued to make progress in its turnaround as its new strategy. Plus, full-year results from Cake Box and the latest innovation from Parsley Box.
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NewsMedia Bites 24 June: Juul, recession, Naked Wines
US regulators have banned Juul Labs from selling its e-cigarette products in the country, while the papers also report of the looming threat of a recession in the UK and a 40% plunge in the share price of Naked Wines.
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NewsThe Vegan Kind appoints fresh CEO as new owners take over from founders
The Vegan Kind launched as a subscription delivery box service in 2013 before expanding to a full retail offer in 2016 New owners have taken control of The Vegan Kind and instated a new boss in a bid to spur on its next stage of growth. Investment ...
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NewsMedia Bites 23 June: Mars, Boots, inflation, Unilever
Mars has announced its chief executive Grant Reid is to step down after eight years with the group.
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NewsHonestly Tasty to take vegan cheese mainstream with backing from Veg Capital
Honestly Tasty will put the funds to work to accelerate its NPD pipeline, which includes a cultured hard cheddar that melts like the real thing, alongside stilton, feta and Wensleydale alternatives.
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NewsCity Snapshot: Soaring food prices drive up UK inflation rate in May
Rising food and drink prices were the biggest driver of an uptick in inflation last month, according to new figures this morning. Plus, Carslberg CFO resigns and Unilever appoints Royal FrieslandCampina CEO as a non-exec.
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NewsKellogg’s announces radical overhaul with three-way split of global business
Kellogg’s is set to split itself into three separate companies as part of a radical overhaul and a focus on snacking to drive growth at the group
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NewsMondelez International expands healthier snacking portfolio with $2.9bn Clif takeover
The deal expands the Cadbury owner’s snack bar business to more than $1bn following previous complementary takeovers of performance nutrition brand Grenade in the UK and refrigerated snacking player Perfect Snacks in the US.
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NewsMedia Bites 21 June: Ocado, inflation, Primark, M&S
There is plenty going on in today’s papers from a fresh injection of capital at Ocado to ABF kicking off a digital trial at Primark.
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NewsRococo Chocolates rescued in £100k pre-pack deal by Gruppo Illy company
Established on the King’s Road in London in 1983 by Chantal Coady, Rococo struggled to cope during the pandemic, despite a significant increase in online sales throughout lockdown.
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NewsCity Snapshot: ABF sales soar on food price increases and Primark reopening
Group revenues at ABF increased 32% to £4bn as all Primark stores reopened following the ending of lockdown restrictions and it hiked prices in its grocery and ingredients divisions. Plus, Deliveroo appoints a new CFO.
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NewsLittle Cooks kicks off £750k funding drive to back ‘HelloFresh for kids’ concept
The business, founded by Helen Burgess in 2017, will use the funds to grow beyond its monthly subscription boxes of home baking and cooking kits, which are designed to help children and parents engage with healthy eating.
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NewsFerrero UK sales soar by £40m as shoppers seek boxed chocs
Revenues for the UK and Irish operations increased 10.3% to £450.1m in the year ended 31 August
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NewsMedia Bites 17 June: Interest rates, THG, Revlon
The main news in the papers is the latest rise of interest rates by the Bank of England and the subsequent crash in global markets.
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NewsThe Magic Bean Co to create 4,000 jobs under major expansion drive
Starbucks franchise group The Magic Bean Co has outlined ambitious expansion plans to open hundreds of new stores and create 4,000 jobs after securing a £10m bank support package.
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NewsMedia Bites 16 June: WH Smith, THG, Sainsbury’s, food inflation, Unilever, Boots
The papers cover the latest trading update from WH Smith, alongside news of more food price rises to come and Sainsbury’s upping the price war against Aldi and Lidl.
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NewsBloody Drinks hits crowdfunding goal to support retail listings
The campaign on the Seedrs platform is currently overfunding and, at the time of publishing, has raised £265k from almost 200 backers.
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NewsAKT smashes £600k crowdfunding round to scale natural deodorant brand
The campaign on Seedrs values the London-based business at £5m, with 450 investors pledging £800k since the round went live on Monday.
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NewsCity Snapshot: WH Smith optimistic as travel recovery lifts sales above pre-pandemic levels for first time
Group revenues in the 15 weeks to 11 June were 7% ahead of 2019 levels thanks to “a particularly strong” performance from travel.