All articles by Ed Devlin – Page 69
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NewsMedia Bites 10 March: Russia/Ukraine, cost-of-living crisis, Unilever
The main focus in the papers today is the ongoing exodus of Western brands from Russia, with those refusing to stop operations facing increasing pressure.
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NewsOatly losses balloon as it puts growth ahead of profits
Losses at plant-based milk brand Oatly have ballooned as costs spiralled, inflation squeezed margins and it ploughed more money into growing production capacity to meet rising demand.
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NewsLindt suspends Russian business – as it heralds ‘remarkable’ UK growth
Swiss chocolatier Lindt & Sprüngli has bounced back from the pandemic with double-digit growth last year
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NewsLittle Moons sells stake to US PE firm L Catterton
The terms of the deal for the significant minority shareholding were not disclosed but are understood to value the business at much higher than £100m, according to sources in the City
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NewsDanone unveils turnaround plan under new CEO Antoine de Saint-Affrique
Danone has set out a multi-year turnaround plan as de Saint-Affrique unveiled his vision for the French consumer products group
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NewsCoke, Pepsi, McDonald’s and Starbucks suspend operations in Russia
Drinks giants Coca-Cola and PepsiCo, fast food chain McDonald’s and coffee house Starbucks have bowed to increasing pressure to halt operations in Russia amid the country’s invasion in Ukraine.
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NewsParson’s Nose hires advisors to find investment partner
The London-based family-run business is aiming to leverage the brand to become the UK’s leading online butcher.
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NewsFarmison sells majority stake to private equity investor Inverleith
Established in 2011 by John Pallagi and Lee Simmonds, the Yorkshire-based business aims to encourage UK consumers to ‘eat better meat’.
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NewsNimble aims for retail expansion following crowdfunding campaign and Justin King joining as advisor
The raise coincides with former Sainsbury’s boss Justin King joining the business as an investor and advisor.
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NewsMedia Bites 8 March: Ukraine, food prices, cost of living crisis
The effects of the war in Ukraine continues to dominate coverage in the papers, which this morning examine rising food prices and growing pressure on the likes of McDonald’s, Coca-Cola and Pepsi to pull out of Russia.
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NewsUnilever agrees to HFSS transparency after shareholder pressure
Unilever will now measure the sales of its products against major government-endorsed nutrient profile models
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NewsCity Snapshot: Food and drink shares plummet as Ukraine war hammers markets
The FTSE 100 has plunged further this morning as investor fears over the war in Ukraine continue to hammer markets across the globe.
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NewsMedia Bites 4 March: Ukraine, inflation, Coca-Cola HBC, vodka
It’s a quiet morning in the papers when it comes to food and drink news as the confilct in Ukraine dominates all coverage.
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NewsYumello beats £300k crowd target as it looks to accelerate growth
The business – founded by Esther Lopez and Omar El Hajji in 2018 – is overfunding on the Seedrs platform, with £342k raised from more than 130 backers so far.
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NewsNirvana Brewery kicks off funding drive to capitalise on boom in overseas demand for low-alcohol beer
The London-based brewery experienced “a spike” in interest from aboard in 2021, with exports rocketing by 550%.
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NewsMedia Bites 3 March: EG Group, Prompt Payment Code, Just Eat, Hotel Chocolat
EG Group has told its investors for a third year running that it needs more time to produce audited accounts, citing the increased size and complexity of the business.
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NewsHotel Chocolat enjoys bumper first-half results despite inflationary pressures
Revenues jumped 40% higher to £142.9m in the 26 weeks ended 26 December as it won over new customers in the UK and US.
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NewsNichols in M&A hunt as it launches review of Covid hit out-of-home channel
Vimto owner Nichols is eyeing M&A targets to strengthen its portfolio of drinks as the group rethinks the out-of-home channel in the wake of the pandemic, bosses have told The Grocer
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NewsShop prices hit highest level for more than a decade - BRC
Shop price annual inflation hit 1.8% in February, up from 1.5% in the previous month, which marks the highest rate since November 2011, the British Retail Consortium reported.
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NewsCity Snapshot: Nichols slides to a loss as out-of-home channel struggles to recover from Covid
Vimto maker Nichols has fallen to a loss as the damage caused to its out-of-home business by the pandemic continued to weigh heavily on the group. Plus, the latest shop price index from BRC, full-year losses balloon at Just Eat Takeaway, a bumper first-half for Hotel Chocolat and full-year results from sausage casings maker Devro.