All articles by Ed Devlin – Page 74
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NewsMedia Bites 11 January: Aldi, Xmas retail sales, Wilko, THG
The papers focus on Aldi’s Christmas results, alongside continuing woes for THG and store closures at Wilko.
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NewsCity Snapshot: Aldi vows to keep prices low after record-breaking Christmas
Aldi has stepped up a price war against its supermarket rivals with a commitment to offering customers the lowest prices in 2022 after reporting its best-ever Christmas.
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NewsInsect petfood maker Aardvark smashes £150k funding goal
The business, started in 2020, has so far raised £230k from more than 340 investors on the Crowdcube platform.
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NewsLily’s Kitchen sales soar 40% in first year of Nestlé ownership
Turnover jumped more than £15m to £55.4m in the 12 months to 31 March 2021.
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NewsRegal Food Products sweetens portfolio with Just Desserts acquisition
Just Desserts specialises in baking a range of more than 130 hand-crafted desserts and cakes, including tarts, cheesecakes and gateaux, for restaurants, cafes, retail outlets and other businesses throughout the foodservice industry
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Analysis & FeaturesFood & drink in the stock market: who’s up and who’s down?
Covid, Brexit, labour shortages – plcs have had plenty to contend with. So how have stocks fared amid the turmoil?
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NewsGousto secures $100m from SoftBank to boost capacity amid soaring demand
Gousto has raised a further $100m in its latest fundraising round, valuing the recipe kit firm at $1.7bn.
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NewsMedia Bites 7 January: Greggs, inflation, Boots, Gousto, B&M
The papers are full of food and retail news this morning, taking in trading updates at Greggs, Boots and B&M.
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NewsMedia Bites 6 January: Kantar, Omicron, Majestic Wine
The papers shine a spotlight on the latest Kantar data for the Christmas period.
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NewsFood & drink M&A specialist Stamford Partners snapped up by US investment bank Piper Sandler
The deal will bolster Piper Sandler’s M&A expertise in the food and drink space in the UK and Europe.
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NewsSupermarkets enjoy bumper Christmas despite Omicron fears
Grocery sales hit £11.7bn in December as shoppers splashed out on luxury items to celebrate Christmas. Plus, Andy Bond stands down as Pepco CEO.
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NewsMedia Bites 4 January: Veganuary, Müller, Boots
All of the news from this morning and the past few days as the new year gets underway.
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NewsCity Snapshot: CBD brand Love Hemp launches Deliveroo trial for on-demand delivery
A Love Hemp virtual store, with the company’s full range of CBD oils, capsules and edibles, is now live on delivery app service.
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NewsMedia Bites 23 December: food shortages, Omicron, BrewDog, Parsley Box, Pret A Manger
Britons are many times more likely to have experienced shortages of food and fuel than people in half a dozen EU member states, according to a poll.
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NewsMedia Bites 22 December: Omicron, THG, Aldi, McDonald’s
Omicron continued to dominate the headlines this morning as Rishi Sunak succumbed to pressure from business leaders and announced more than £1bn in support for companies across the UK hit hardest by the pre-Christmas surge.
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NewsCity Snapshot: Parsley Box hires former John Lewis exec as managing director
DTC meal delivery firm Parsley Box has created a managing director role to free up CEO Kevin Dorren to focus on strategic growth opportunities. Plus, General Mills warns of significant input cost inflation and elevated costs related to supply chain disruptions in Q2.
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NewsFarmdrop staff weigh up legal action following collapse
Staff at failed online grocer Farmdrop are considering taking legal action against the company amid allegations it failed to properly consult employees during the redundancy process
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NewsCity Snapshot: Naked Wine expands distribution footprint in the US
Naked Wines has increased its distribution across the US with the addition of the state of Alabama to its footprint in the country.
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NewsMedia Bites 21 December: Omicron, McVitie’s, GSK, BrewDog
Fears of renewed restrictions caused by the Omicron variant occupy the papers this morning.
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NewsCamden Town Brewery losses rise despite supermarket sales increase
Volumes in the off-trade almost doubled in the year ended 31 December 2020. However, these sales were not enough to offset the lost trade at pubs, restaurants and other foodservice venues.