All articles by Ed Devlin – Page 99
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Analysis & FeaturesWhat the arrival of ex-Tesco CEO Terry Leahy means for Morrisons
Will the former Tesco and B&M boss take a more hands-on role? And how will he change how the business operates?
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NewsPerkier closes £1m funding round
Healthy snack bar challenger Perkier has raked in more than £1m in an oversubscribed crowdfunding round after smashing its initial £400k target
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NewsJess Cooks bags £100k seed funding for growth drive
Children’s frozen food start-up Jess Cooks has secured £100k in seed funding to scale the business and build nationwide retail distribution.
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NewsTidal Rum eyes more listings with backing from the crowd
British rum brand The Tidal Rum has hit its crowdfunding target to help expand its distribution across the on and off-trade.
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NewsCity Snapshot: Nestlé ‘working hard’ to maintain Christmas supply of Quality Street
Nestlé has warned over potential supply problems ahead of the key Christmas period after being dragged into the ongoing crisis hitting all areas of the food industry.
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NewsMedia Bites 6 October: Greggs, Hotel Chocolat, PepsiCo, supply chain shortages
The papers cover trading updates from Greggs, Hotel Chocolat and PepsiCo, with all three warning about soaring costs.
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NewsMedia Bites 5 October: Sainsbury’s/Tesco/Morrrisons, HGV crisis, Caffe Nero
Morrisons featured heavily again today as the papers digested the CD&R deal and looked at who might be next on the PE hit list.
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Comment & OpinionMorrisons takeover leaves remaining public supermarkets looking attractive
Fortress’ statement bowing out of the Morrisons auction ominously says that the UK remains ’a very attractive investment environment from many perspectives’
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NewsCity Snapshot: CD&R wins £7bn Morrisons takeover auction
US private equity firm Clayton, Dubilier & Rice prevailed in the one-day auction for Morrisons over the weekend
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NewsMedia Bites 30 September: Caffè Nero, Morrisons, SSP Group, fuel crisis
A High Court judge has dismissed an attempt to overturn the restructuring of Caffè Nero, in a ruling that in effect kills off the takeover hopes of Asda and Euro Garages owners Mohsin and Zuber Issa.
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NewsHundreds of jobs at risk as 2 Sisters explores Uttoxeter biscuit factory closure
2 Sisters Food Group is exploring the closure of its own-label biscuit factory in the Midlands as cost pressures facing the food industry intensify putting more than 500 jobs at risk.
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NewsPilgrim’s drives Tulip back to black in pork turnaround
US meat giant Pilgrim’s Pride has completed a turnaround of Tulip, with the pork supplier bouncing back into the black for the first time in years, according to newly filed accounts
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NewsInflation hits food industry as rising costs and supply chain pressures bite
Food prices have jumped up for the first time in six months as the barrage of cost pressures and supply chain challenges started to filter through to consumers.
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NewsCity Snapshot: CD&R and Fortress auction for Morrisons to go ahead on Saturday
The City’s Takeover Panel has set out the terms of the forthcoming Morrisons auction between Clayton, Dubilier & Rice (CD&R) and Fortress Investment Group. Plus, food prices rise for first time in six months, SSP Group updates on trading, and SIS signs partnership with NBA champions.
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NewsFellow Creatures hits supermarket shelves after winning over plant-based investors
Vegan confectionery start-up Fellow Creatures has landed nationwide retail listings after securing six-figure backing from investors, including Veganuary founder Matthew Glover’s Veg Capital.
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NewsMedia Bites 28 September: fuel crisis, Aldi, Patisserie Valerie
The growing fuel crisis dominates the front pages of the papers once again this morning.
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NewsCity Snapshot: Aldi to invest £1.3bn following record sales in 2020
Aldi has revealed plans to invest £1.3bn over the next two years in an attempt to grab a bigger share of the UK grocery market following sales hitting record levels in 2020.
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NewsMedia Bites 27 September: fuel shortages, Morrisons, Warburtons
The HGV driver crisis and the resulting shortages of fuel, turkeys, drugs are still making all the headlines in the weekend’s papers.
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NewsSneak energy drink disruptor sells majority stake to global PE house
The brand sells a range of sugar-free, clean-label powdered energy formulas and pre-mixed cans
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NewsSeabrook sales hike boosts Calbee profits
Newly filed accounts revealed 2020 turnover of £43.7m.