All articles by Ed Devlin – Page 72
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NewsFentimans ‘optimistic’ for its growth despite cost pressures
Revenues at the business soared by 23% to £39.9m – with gross sales before promotions up 20% to £44m – in the year ended 31 December 2021, as the brand’s popularity grew in supermarkets and out-of-home began to recover.
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NewsMedia Bites 19 April: Asda, inflation, Ocado, THG
There is plenty of retail news to catch up from in the papers over the Easter weekend.
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Analysis & FeaturesTesco in way better shape for the recession than share sell-off suggests
Tesco in ‘really great shape’ to deal with cost of living crisis, says CEO Ken Murphy
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NewsMedia Bites 14 April: Tesco, inflation, PZ Cussons, Boots, Reckitt Benckiser
Tesco’s latest results and the issues facing the industry by soaring inflation dominate the papers this morning.
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NewsTesco profits soar but supermarket warns over battle to keep prices low as inflation rages
Profits at Tesco have soared £1.4bn higher as sales increased over the past year, but it warned the bottom line would come under pressure in 2022
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NewsCity Snapshot: Tesco profits soar as boss Ken Murphy vows to keep cost of weekly shop in check
Tesco profits soared £1.4bn higher as sales increased, but the supermarket giant warned its bottom line would come under pressure in 2022 as it battled to keep prices low.
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NewsMorrisons hit with credit downgrade over debt concerns following CD&R takeover
Plans to refinance Morrisons multibillion-pound debt pile have been dealt a blow as Moody’s downgraded the supermarket’s credit rating
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NewsCabrito turns to crowd to fund efforts to bring goat meat to supermarket shelves
Cabrito Goat Meat sources young goats from British dairy farms, rears them for meat and then supplies it to restaurants, butchers and catering firms, as well as the public on a DTC site.
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NewsMedia Bites 12 April: Waitrose, Morrisons, Pret a Manger, M&S
Waitrose has been left £4m out of pocket through its brief tie-up with an insolvent venture set up by one of Ocado’s founders.
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NewsIRCA ingredients firm sold by Carlye to Advent International
The group suppliers a range of customers such as patisseries, gelato parlours, hotels, restaurants and confectionery manufacturers with specialty ingredients for artisanal pastries, cakes and ice cream.
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NewsCity Snapshot: Treatt flags higher margin forecasts for H2 as momentum continues
Revenues at the group increased 9% to £66.3m in the first half to 31 March, driven by its expertise in citrus, its largest category, Treatt said in a trading update.
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NewsMedia Bites 11 April: Boots, inflation, Pret a Manger, Asda
The American owner of Boots risks losing billions after the one-time favourite to buy the chemist chain valued the retailer at a steep discount.
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NewsMedia Bites 8 April: Co-op, Morrisons, Ferrero
The new boss of the Co-operative Group is braced for further “shocks” after a tumultuous year during which profits were hit by disruption to its supply chain that coincided with a systems upgrade in its grocery business.
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NewsNeyba seeks £15m to expand grocery restaurant hybrid across London
Neighbourhood grocery and restaurant start-up Neyba is looking to raise £15m as part of an expansion plan.
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NewsMcColl’s shares surge 70% higher as c-store chain remains locked in talks with lenders
Embattled convenience store retailer McColl’s has said it knows of no reason for a sudden surge in its share price today.
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NewsMedia Bites 7 April: inflation, Kinder Surprise, Amazon
Chronic worker shortages in the food and farming sector as a result of Brexit and the coronavirus pandemic could push food prices even higher and lead to more food having to be imported, MPs have warned.
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NewsRemeo Gelato eyes expansion after securing fresh capital
As part of the raise, Remeo appointed Nando’s grocery CEO Georg Gruber as executive chairman of the board
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NewsWeetabix swoops for protein shakes player UFit
Weetabix has boosted its presence in the dairy drinks category with the acquisition of RTD protein shakes player UFit
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NewsCity snapshot: Revenues soar as Hilton Food Group diversifies further
Meat and fish supplier Hilton Food Group has reported a surge in revenues and profits as it extended its reach across protein categories around the world. Plus, trading updates for Imperial Brands and Distil.
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NewsShicken owner secures new funds to expand plant-based Indian ready meals into the US
The group behind the Shicken range of plant-based Indian ready meals has scored further backing from specialist investment firm Veg Capital.