All articles by Ed Devlin – Page 88
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NewsCity Snapshot: General Mills offers upbeat outlook after beating Q1 expectations
General Mills has posted sales and profits ahead of expectations in its first quarter as the US food group continues to reshape its portfolio. Plus, a trading update from Reckitt Benckiser and full-year results from Supermarket Income REIT.
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NewsMedia Bites 23 September: CO2, panic-buying, John Lewis
The fallout from the CO2 shortage continues to remain a hot topic for the papers this morning.
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NewsThe Cheeky Panda strengthens board ahead of IPO as Giles Brook invests in eco hygiene brand
The eco-hygiene brand has recruited serial entrepreneur and investor Giles Brook to strengthen its board ahead of an earmarked blockbuster IPO
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NewsCity Snapshot: PZ Cussons swings to a loss as turnaround effort makes progress
Personal care group PZ Cussons has swung into the red as it put a turnaround plan into action, with CEO Jonathan Myers hailing the initial progress but recognising there was “much more to do”. Plus, full-year results from Eagle Eye.
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NewsMedia Bites 22 September: CO2, Pret, Pernod Ricard
The CO2 crisis remains front-page news as the government strikes a deal to restart production.
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NewsPret a Manger unveils ambitious growth plans after losses spiral to more than £250m
The Covid pandemic wiped more than £400m from Pret’s sales in 2020
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NewsPernod Ricard expands in e-commerce with The Whisky Exchange acquisition
The London-headquartered business sells a catalogue of about 10,000 products online and in its three stores in London
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NewsCity Snapshot: C-stores boosted by return of pre-Covid shopping habits
A gradual shift to pre-pandemic shopping behaviour has delivered a boost to the UK’s convenience store market, according to the latest monthly data from NielsenIQ. Plus, a fourth quarter trading update from Compass Group, and full-year results from Real Good Food.
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NewsMedia Bites 21 September: CO2, Aldi, Philip Morris
The crisis in the food and drink industry caused by the CO2 shortage continues to make headlines in the papers this morning.
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NewsCity Snapshot: Finsbury Food Group shows signs of recovery from Covid
Bakery group Finsbury Food has boosted sales and profits as it adapted to the ongoing coronavirus pandemic and saw lost foodservice business begin to recover. Plus, Supermarket Income REIT has added six more supermarkets to its portfolio, and Ultimate Products has signed a license brand endorsement with Weight Watchers.
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NewsMedia Bites 20 September: CO2, Sainsbury’s, Morrisons, Unilever, M&S
The ongoing CO2 crisis makes the headlines in this weekend’s papers.
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Analysis & FeaturesOC&C Global 50 food and beverage report and ranking: the impact of Covid-19
The world’s 50 biggest fmcg giants have seen growth slow, though they have outpaced smaller players. As restrictions ease, how permanent is the new dynamic?
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NewsDavid Milner becomes St Pierre Groupe CEO
He takes over as CEO from company co-founder Jeremy Gilboy
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NewsWholey Moly secures funding as it readies for mults launch
The business’ range of cookies are set to be stocked by Sainsbury’s and Ocado from this month
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NewsVeg Capital adds Clive’s Purely Plants to plant-based portfolio
The specialist private family fund will buy out existing majority shareholders Sally and Chris Carson
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NewsMedia Bites 2 Sept: Amazon, JD Wetherspoon, WH Smith, Morrisons
Amazon is hoping to defy worker shortages with a renewed commitment to the UK by creating some 2,000 new jobs as part of a 55,000-strong global recruitment spree.
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NewsTesco the 'most attractive' supermarket takeout opportunity for private equity
Tesco would make a better takeover target than Sainsbury’s but a £30bn price tag is likely to put private equity buyers off, according to analysts.
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NewsFood price hikes ‘likely’ in coming months: BRC
Rising costs continue to hammer suppliers and retailers, according to the latest industry data
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NewsCity Snapshot: WH Smith sales rebound as lockdown ends but travel recovery still uncertain
WH Smith has performed better than expected as customer numbers at its travel sites and high street stores slowly recovered with Covid restrictions easing over the summer. Plus, the latest BRC-NielsenIQ shop price index, Pernod Ricard reveals full-year figures, and SSP Group updates on CEO succession search.
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NewsBBF expands bakery reach with acquisition of Sargents
Private equity-backed cake maker Bright Blue Foods has acquired Yorkshire bakery supplier Sargents for an undisclosed sum.