All articles by Harry Holmes
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News
UK food and drink exports tumble more than 10%
The EU remains the UK’s biggest trading partner but sales to the bloc fell due to administrative burdens from Brexit
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News
City snapshot: Food store sales rise for first time in three months
These numbers will give “little festive cheer for retailers” with total retail sales less than expected, raising further questions about the state of the economy
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News
City snapshot: Unilever to sell Unox and Zwan to Dutch food group
Unilever is looking to sharpen its foods portfolio, focusing on fewer and bigger brands in categories such as cooking aids, mini meals and condiments.
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News
City snapshot: UK food inflation hits seven-month high of 2%
The Institute of Grocery Distribution (IGD) forecast last week that food inflation could go up to 4.9% next year, driven primarily by higher costs for businesses due to measures in the government’s budget.
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News
Media Bites: higher wages, free carrots, and French onion soup
The UK’s wage growth accelerated to 5.2% in the three months to October
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News
City snapshot: Walkers’ revenue jumps despite volume struggles
Walkers Crisps has lost more sales this year after average prices increased 4.1%, according to The Grocer’s Top Products survey.
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News
City snapshot: Manufacturing mood darkens over ‘cost crisis’
Confidence among manufacturers has fallen at its sharpest rate since the pandemic as businesses face up to a looming ‘cost crisis’.
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Category Report
Squash goes posh: Adult soft drinks category report 2024
Premium fruit cordials are booming as the wider adult soft drinks category struggles. Who’s cashing in on the posh squash trend?
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News
City snapshot: McWin Capital in talks to buy Gail’s Bakery
McWin Capital is already a backer of the bakery’s parent company and is looking to pre-empt a sale of the business
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News
City snapshot: Boots owner in takeover talks with US private equity
Boots owner Walgreen Boots Alliance is in talks over a sale that could trigger a fresh auction of the British retailer. Also, British American Tobacco’s shift to smokeless is yielding results.
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Comment & Opinion
Can Mondelez finally persuade Hershey to sell up?
Many are wondering how chocolate giant’s Mondolez latest bid for US counterpart Hershey is different from other recent approaches
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News
City snapshot: Naked Wines’ revenue slide enters another year
Naked Wines is losing both new and old customers but despite its struggles, says its turnaround plan is working. Also, Tesco achieves its highest market share since December 2017.
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Analysis & Features
Nice idea: how sustainable rice farming can catch on
New techniques can lower ‘plane crazy’ CO2 emissions from rice
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News
City snapshot: DS Smith profits slip on cheaper packaging
In April, DS Smith agreed terms on a £5.8bn all-share takeover from US rival International Paper. Also, new data shows cash use has risen for the second year in a row.
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News
City snapshot: ‘Trump tariffs could rival Brexit damage’
Trump is threatening tariffs as high as 10-20%, rivalling the scale of non-tariff barriers that Brexit imposed on goods sales to the EU, according to a new study by the Resolution Foundation.
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News
Greencore shares rise again as profits jump
Greencore’s profits saw healthy growth last year as the sandwich maker posted “stronger than expected” full year results.
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News
Gail’s Bakery sales surge ahead of rumoured buyout
Analysts have speculated the company could be worth up to £500m
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News
City snapshot: Lacklustre footfall strikes another blow to retailers
Retail footfall fell again as a later-than-usual Black Friday and low consumer confidence meant customers were hesitant to hit the shops. Also, Heineken launches plans to build the Gulf’s first major commercial brewery in Dubai.
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News
Nice Rice wins inaugural Future of Food award
Rice has the second highest emissions of any food after beef
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News
City snapshot: Remy Cointreau’s cost cutting helps limit profit slide
Remy Cointreau is cutting around €50m in costs this year to help limit its profits slide as sales continue to plummet in the US and China. Also, consumer confidence unaffected by last month’s budget, according to the British Retail Consortium.