All articles by Ed Devlin – Page 82
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NewsBrewDog narrows losses thanks to efficiencies and jump in sales
Punk craft beer brand BrewDog has narrowed its losses as NPD and growing supermarket distribution helped revenues jumped 21% last year.
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NewsCity Snapshot: Grocery price inflation accelerates at decade-high pace
Food prices accelerated at their fastest rate in more than decade as retail trade body the BRC warns inflation is set “to get worse before it gets better”.
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NewsUnilever shares soars as it hands activist investor Nelson Peltz board seat
Peltz will join the Persil, Dove and Magnum maker as non-executive director on 20 July, as well as taking a place on the group’s compensation committee.
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NewsShandy Shack closes second funding round as revenues accelerate towards £1m
The business will use the £235,000 raised from a group of angel investors to grow its team, including the recruitment of a brand manager joining from Graze in June, support listings with Sainsbury’s and to expand the direct-to-consumer operation.
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NewsUnilever snaps up hair loss supplements brand Nutrafol
Unilever has continued to expand its focus on the health and wellness category with the acquisition of US hair loss supplement maker Nutrafol.
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NewsMedia Bites 31 May: Inflation, Morrisons/McColl’s, Jus-Rol, National Lottery
The papers all have different takes on the effect of the cost of living crisis on supermarket value ranges.
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NewsNomad Foods boss Wayne Hudson to leave Birds Eye owner
Wayne Hudson is leaving his role as UK MD of Bird’s Eye owner Nomad Foods and taking time out of the food and drink industry
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NewsOasis to give up Premier Foods board seat at July’s AGM
Oasis Management will no longer have a presence on the Premier Foods board following last week’s reduction in its shareholding position
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NewsRefresco appoints Bill McFarland chief financial officer
McFarland joined Refresco in 2017 through its £935m acquisition of Cott Beverages, where he was CFO for four years leading up to the takeover
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NewsCMA warns of higher prices for Jus-Rol following Cérélia takeover
The Competition & Markets Authority raised its concerns following a three-month phase 1 investigation into the deal launched in February.
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NewsCity Snapshot: Sainsbury’s investment in price to top £500m as cost of living surges
Sainsbury’s revealed its investment in keeping prices competitive during the cost of living crisis is set to top £500m.
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NewsCity Snapshot: Investment firm Grosvenor to double down on bets in food tech industry
Investment firm Grosvenor has outlined ambitions to ramp up its activity in food and agritech.
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NewsMedia Bites 27 May: Cost of living, Asda, Bodycare, Fever-Tree
The papers focus on Rishi Sunak’s new package of measures to help families with soaring energy bills in a major U-turn for the government.
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NewsGrosvenor outlines plan for significant investment in food and agritech
Investment firm Grosvenor has outlined ambitions to ramp up its activity in food and agritech and double the capital allocated to innovation the industry over the next decade as concerns grow over security in the supply chain.
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NewsCity News: M&S defies inflationary gloom with strong track record from Steve Rowe
M&S shook off inflationary gloom this week as shares rose healthily despite the retailer becoming the latest to warn profits in the coming year would take a hit as the cost of living crisis intensified.
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NewsMy Emissions secures £400k funding for accessible carbon labelling service
The latest funding round will help My Emissions double its team and fulfil its aim to work with more than 100 companies in the next 12 months
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NewsCity Snapshot: PayPoint hails positive year as revenues and profits rise
Payment technology firm PayPoint has reported “another positive” year of sales and profits growth as it continnued to expand its base of retailer partners.
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NewsMedia Bites 26 May: M&S, Ocado Retail, Pets at Home
The papers report on annual results from M&S as CEO Steve Rowe hands over the reins, as well as the latest performance from online joint venture with Ocado.
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NewsBakkavor worries investors on warning inflation may dent volumes
Bakkavor shares fell today after the prepared foods maker warned further price hikes could hurt its volumes as the group continues to recover from the pandemic
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NewsNissin strengthens Premier Foods partnership as it buys chunk of shares from activist Oasis
The £40m acquisition is intended to strengthen the strategic relationship between Nissin and Premier and to “contribute to continued value creation” at the Batchelors supplier