All articles by Ed Devlin – Page 71
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NewsMedia Bites 17 February: Heineken, inflation, Kraft Heinz, M&S
Heineken’s chief executive has warned that “off the charts” cost inflation will further push up the price of a pint and said the risk of outright shortages was growing as brewers face persistent challenges delivering beer to pubs, restaurants and supermarkets.
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NewsKraft Heinz boosts sales with higher prices
Kraft Heinz is the latest fmcg giant to rely on price hikes to lift sales and protect margins against increased input costs
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NewsCity Snapshot: Inflation hits new 30-year high in January
Inflation hit a new 30-year high last month as prices continued to climb despite January sales. Plus, Heineken bounces back but warns prices rise could hit demand for beer; full-year results from Coca-Cola Europacific Partners and Kerry Group; and Treatt appoints new CFO.
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Comment & OpinionHow did it all go so wrong for Farmdrop?
Farmdrop was a small business operating like a giant, and a Covid-driven rise in demand hiked costs, too
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NewsFarmdrop report lifts lid on administration with suppliers and investors to lose millions
Farmdrop suppliers, lenders, staff and shareholders are set to lose out on millions of pounds as a result of the online grocer’s dramatic Christmas collapse
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NewsMedia Bites 15 February: Petrol, Motor Fuel Group, Post Office
Petrol prices have hit record highs, putting further strain on families as the cost-of-living crisis worsens.
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NewsNurture Brands close to landing £2.5m funds to push expansion
Plant-based group Nuture Brands is closing in on a £2.5m crowdfunding target to fuel international expansion across North America and Asian markets.
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NewsSales fizz higher at Coke and Pepsi on strong demand and price hikes
Soft drinks giants Coca-Cola and PepsiCo have enjoyed double-digit sales growth in the final quarter of 2021 on the back of price increases and continued demand as consumers return to pre-pandemic habits out of the home.
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NewsMedia Bites 10 February: Amazon, Colgate, Unilever, GSK
The papers focus on Amazon finally falling under the code of conduct set by the Groceries Code Adjudicator.
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NewsLittle Moons deal to value TikTok sensation at more than £100m
Investment bank Houlihan Lokey is running the process for the business, with a deal expected to close within the next four weeks. At least five PE houses are involved in the second round of the auction.
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NewsCity Snapshot: PZ Cussons remains positive despite sales decline and cost pressures
Revenues have fallen back at hygiene and personal care group PZ Cussons as demand for its Carex hand sanitiser brand softened from heights experienced during earlier stages of the pandemic. Plus, Tate & Lyle appoints new CFO.
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NewsMedia Bites 8 February: Inflation, Asda, Unilever, Pets at Home
A number of different stories in today’s papers examine the impact of inflation on consumers, supermarkets and suppliers.
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NewsCMA opens investigation into Cérélia acquisition of General Mills dough business
The UK deals watchdog has opened an investigation into the acquisition of General Mills’ European dough business, which includes the Jus-Rol brand, by French bakery giant Cérélia.
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NewsCity Snapshot: Pets at Home hires former Morrisons non-exec as new CEO
Pets at Home has appointed former Morrisons non-exec Lyssa McGowan as group CEO to replace the outgoing Peter Pritchard. Plus, THG shares continue to rise on PE takeover speculation.
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NewsElla’s Kitchen sales rise throughout and in wake of pandemic
Revenues at the brand rose 1.6% to £72.7m in the year ended 30 June 2021.
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NewsCheeky Panda seeks £3m from crowd ahead of IPO
The company, which makes toilet paper, kitchen roll, tissues and baby wipes from bamboo, will publicly launch its latest round on Seedrs on 14 February.
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NewsFormer Camden boss Keary is made MD at home brewer Pinter
The appointment marks Keary’s return to the beer market after leaving Camden in early 2021
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NewsMedia Bites 4 February: Inflation, Cranswick, Waitrose, Compass, Amazon
The Bank of England has intensified the squeeze on household finances with its first back-to-back interest rate rise since 2004 as the central bank forecast inflation will increase to 7.25% in April.
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NewsMedia Bites 3 February: KP Snacks, Nestlé, Tesco, Pret a Manger
KP Snacks has warned there may be a shortage of some of its popular crisps and nuts following a ransomware attack and Nestlé confirms closure of factory near Newcastle.
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NewsCity Snapshot: Food price inflation continues to surge in January
Surging food prices have contributed to annual inflation in the retail sector almost doubling in January, according to the latest industry data.