All articles by Ed Devlin – Page 77
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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.
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NewsMedia Bites 1 February: Jack’s/Tesco, CO2, Co-op, Diageo
News of a major shake-up at Tesco makes the headlines this morning.
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NewsFood & drink M&A enjoys bumper year in 2021 but inflation could hamper 2022
Deal activity in the UK hit the highest levels recorded for more than a decade in 2021. However, inflationary headwinds look set to hamper dealmaking this year
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NewsCity Snapshot: Cranswick enters petcare market with Grove Pet Foods acquisition
Cranswick has expanded its reach into the petcare category with the acquisition of UK pet food maker Grove Pet Foods.
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NewsCMA launches probe into Boparan’s acquisition of Banham Poultry
Regulators have kicked off an investigation into Ranjit Boparan’s acquisition of Banham Poultry
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NewsHeura sales soar as it expands consumer reach across the globe
Plant-based brand Heura has more than doubled revenues as its growing range reached more consumers across the world
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NewsInflationary pressure set to lead to an increase in restructuring activity in 2022, warns EY
Supply chain disruption and soaring inflation hit the retail and food & drink industries particularly hard in the latter part of 2021
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NewsMedia Bites 28 January: Diageo, Greencore, Fever-Tree, Britvic
Trading updates from drinks firms Diageo, Fever-Tree and Brtivic all make the morning papers, with news of a shareholder revolt at Greencore over exec pay.
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NewsGriddle closes six-figure funding round to expand reach of new plant-based waffles
Griddle recently expanded its offering from pancakes to frozen plant-based waffles, which it claimed as a UK first.
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NewsMedia Bites 27 January: Ocado, GoPuff, CPI, Pets at Home
News from Ocado about its new technology of robots to make picking online groceries even quicker filles the papers this morning.
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NewsWarburtons takes minority stake in non-HFSS cookie start-up Snackzilla
Warburtons has invested a six-figure sum in kids’ healthier snacking brand Snackzilla as part of its Batch Ventures bakery innovation fund
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NewsInflation and supply chain disruption lead to wave of profit warnings in 2021
Profit warnings at retailers and food & drink suppliers accounted for a third of all warnings issued by UK listed companies in 2021 as supply chain disruption and spiralling inflation hit at the back end of the year
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NewsDash Water appoints David Milner as chairman to support its rapid growth in 2022
Seltzer brand Dash Water has closed a multimillion-pound investment round to maintain its rapid growth, with backing from industry veteran David Milner, who also joins the business as chairman.