All articles by Elena Cherubini – Page 28
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NewsAdelie Foods sees £55m loss as impairment charges hit
Sandwich giant Adelie Foods posted another eight-figure loss despite improvements in its underlying performance.
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NewsHappy Egg producer Noble Foods reports profits jump as US egg market stabilises
Noble Foods profits jumped 650% with the company attributing the strong performance to a “more stable” US egg market.
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NewsGove warns of ‘significant’ no-deal Brexit challenges for food & drink sector
Defra Secretary of State Michael Gove said a no-deal will put a strain of the UK food & drinks manufacturing sector.
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NewsMcCain backs $7m plant-based nuggets start-up fundraising
Nuggs, a new plant-based “chicken” nuggets start-up, has officially launched after raising $7m in funding, with potato giant McCain its primary backer.
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NewsHaribo invests in UK expansion as export demand soars
The UK-based sweet manufacturer will increase production at its Castleton facility after demand from the US jumped.
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NewsPepsiCo sticks with 4% growth guidance after first half sales rise
PepsiCo reiterated its guidance of 4% revenue growth in the full financial year after reporting improved sales in the first half.
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NewsScottish Salmon Co mulls sale
The Scottish salmon producer is considering selling all or part of the business as part of a review launched in April.
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NewsPrinces unveils new pea plant in Lincolnshire as part of planned £80m investment
The investment is the “biggest ever” for the canned food giant.
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NewsUK retail sales suffer ‘worst June on record’ as summer fails to shine
UK retail sales fell 1.3% as bad weather and Brexit uncertainty halted consumer spending.
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NewsJealous Sweets targets growth after shift to fmcg market and funding boost
Vegan gummy bear maker Jealous Sweets is targeting £4m turnover next year after securing working capital from Lloyds Bank helped to boost sales and international expansion.
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NewsBang Curry raises six-figure sum to drive team expansion and volume growth
The scratch-cooking curry mix maker will use the funds to expand its workforce and boost volume sales.
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NewsCompany Shop profits surge amid national footprint expansion
Company Shop posted a double-digit profits growth last year as the food surplus distributor benefited from the opening of its flagship store in St Helens.
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NewsWarburtons posts loss as slump in traditional bread hits
Bakery giant Warburtons swung to an eight-figure annual loss as it soaked up significant restructuring costs from the continued slump of the traditional bread market.
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NewsMedia Bites 5 July: Amazon/Deliveroo, Sainsbury’s, ABF
The CMA is mulling whether to investigate Amazon’s investment in food delivery firm Deliveroo’s latest fundraising
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NewsFroneri enters Israeli market with Noga Ice Cream acquisition
Froneri has agreed to acquired Nestlé business Noga Ice Creams, launching into the Israeli market for the first time.
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NewsRosemary Water brand raises over £1m to support exports and product launches
The company is targeting expansion in intenational markets to branch away from the struggling UK high street.
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NewsOrkla buys UK toffee manufacturer Confection by Design to expand UK foothold
The Scandinavian-based food group acquired the fudge manufacturer for an undisclosed amount.
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NewsYo Sushi acquires US rival Snowfox to ramp up retail efforts
The UK Sushi company merged with Snowfox to fuel its push into retail sales.
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NewsBrewDog looks abroad despite first profit setback
The craft brewer is targeting further expansion despite posting its first annual loss in 2018
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NewsAs Nature Intended back in the black as it plots future expansion
Health and organic food retailer As Nature Intended swung to a pre-tax profit in 2018 despite having to shut down one of its main London shops in a refurbishing programme.