All articles by Ed Devlin – Page 85
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NewsBiscuit International strikes 'landmark' deal with acquisition of Continental Bakeries
Biscuit International has acquired Continental Bakeries as the PE-owned group strengthens its position as one of the biggest players in the European private label biscuit market.
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NewsNick’s accelerates UK expansion plans thanks to $100m funding pot
CEO Stefan Lagerqvist told The Grocer the business was aiming to follow the rapid expansion of fellow Swedish brand Oatly but in the better-for-you category.
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NewsCarlsberg upgrades 2021 profits guidance as reopening of pubs boosts Q3
Danish brewer Carlsberg has lifted its profit forecasts for the year thanks to a better-than expected performance in the third quarter and start of the final three months of 2021 as drinkers returned to pubs and restaurants.
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NewsKraft Heinz price hikes lifts 2021 profits expectations
Kraft Heinz has raised profit expectations for the year as a hike in prices and sustained at-home demand helped the US food giant battle escalating inflation.
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NewsOcean Saver ramps up mission to eliminate single-use plastic with crowd backing
Eco cleaning start-up Ocean Saver has surpassed its £1m crowdfunding goal to increase brand awareness and invest in NPD.
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NewsMedia Bites 28 October: Budget, Heineken, Brexit, John Lewis
The focus was squarely on yesterday’s Autumn Budget statement in the papers this morning.
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NewsMorrisons ends 54-year run as public company as CD&R takes control
Morrisons has officially ceased trading as a publicly listed company after more than 50 years on the London Stock Exchange
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NewsMara Seaweed to cast net further overseas following funding boost
Domestic and international demand for high-quality seaweed for use as a food source and health supplement is on the rise as consumers seek out nutrient-rich alternative protein and sustainable seafood, according to the business, which launched in 2013.
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NewsFood prices climb higher as soaring costs slams industry
Food inflation has ramped up to its highest level since November 2020 as spiralling costs led to higher prices on supermarket shelves, with fresh food becoming more expensive for the first time in ten months.
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NewsCity Snapshot: Heineken warns of price rises as it battles on several fronts
Dutch brewing giant Heineken is the latest fmcg group to warn of higher prices in the face of rising costs and supply chain challenges as volumes slumped in its third quarter. Plus, Morrisons shares have been delisted from the London Stock Exchange, with a number of the board stepping down; food inflation accelerates in October; and Kerry Group updates on Q3.
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NewsPurearth lines up healthy £650k crowdfunding round
Launched in 2012 by Angelina Riccio and Tenna Anette, the business specialises in organic health drinks, from ‘immune boosting’ wellness shots and plant-based broths to nut milks, cold-pressed juice, cleanse programmes and a dairy-free ‘water kefir’ range, which it claimed as a UK first.
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NewsMedia Bites 26 October: Just Eat Takeaway, HGV crisis, living wage, Tesco
A top investor of Just Eat Takeaway has launched another attack, urging the food delivery company to sell its recently acquired Grubhub to improve the group’s share price.
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NewsAllplants to use ‘record-breaking’ funding to scale up
Frozen vegan meals brand Allplants has announced plans to scale up further after securing a third record-breaking funding round
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NewsHealthier doughnut brand Urban Legend closes first multimillion-pound fundraising
Urban Legend is the first brand to be launched by former Graze CEO Anthony Fletcher’s Believe in Science
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NewsCity Snapshot: Tesco website back online after weekend cyber attack
Tesco has fixed the issues plaguing its website and app over the weekend, with the online service back up and running again today.
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NewsLabour and supply chaos reflected by profit warning hike
Overall, 65% of consumer-facing profit warnings cited cost or supply issues in the third quarter
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NewsMedia Bites 21 October: Nestlé, Asda/EG, THG, Deliveroo
Nestlé upgraded its full-year sales guidance for the second time after the world’s largest foodmaker pushed up prices for products from pet food to ice cream (The Financial Times £). The Lex column in The Financial Times (£) says “a focus on premium products should help Nestlé ...
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NewsOto soars past £2m crowdfunding target as it eyes global CBD growth
Health and wellness CBD brand Oto has smashed a £2m crowdfunding target as investors are increasingly attracted to the rapidly growing cannabidiol market
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NewsCity Snapshot: Nestlé enjoys ‘strong’ organic growth thanks to price hikes and return of OOH
Rising prices, continued elevated demand at supermarkets and a recovery in the out-of-home channel has helped Nestlé boost organic growth by 7.6% in the first nine months of 2021. Plus, Deliveroo updates on Q3; and UK inflation rate slows down in September.
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NewsMorrisons £7.1bn CD&R takeover wins backing from shareholders
Shareholders in Morrisons have given the all-clear for the £7.1bn takeover by Clayton, Dubilier & Rice (CD&R) takeover to go ahead at a general meeting