All articles by Henry Saker-Clark – Page 15
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Coconuts Naturally secures investment after Dragon snub
The vegan ice cream manufacturer walked away from financial backing secured on Dragons’ Den in favour of a private investor
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City Snapshot: Central England Co-Operative first-half sales rise 3.6%
Sales rose 3.6% at the Central England Co-operative in the first half of 2018 following continued investment into store openings, agricultural firm Carr’s expands with animal health ecquisition and the rest of the news from the City
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Media Bites 21 Sept: Retail Sales, Diageo, Deliveroo
The hot summer and a recovery in real incomes have given Britain’s struggling retailers a reprieve
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City snapshot: CMA launches in-depth probe in Sainsbury's-Asda merger
The Competition and Markets Authority (CMA) has referred the proposed merger between Sainsbury’s and Asda for an in depth review, Swiss private label chocolate giant Barry Callebaut has acquired chocolate manufacturing facilities from Burton’s Biscuits and the rest of the news from the City.
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Media Bites 19 Sept: Tesco, Sainsbury's/Asda, Starbucks
Tesco will unveil its discount chain Jack’s today as the major supermarkets continue to lose market share to Lidl and Aldi
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Grain D’or closure hits profits at Finsbury Food Group
Bakery business Finsbury Food Group has reported a 65% drop in full year pre-tax profits as it was impacted by £12m in costs caused by the closure of its Grain D’or bakery business.
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City snapshot: Cathedral City and Clover drive first half sales growth at Dairy Crest
Cathedral City manufacturer Dairy Crest expects a rise in profits and sales for the first half of 2018, driven by its cheese and spreads, Finsbury Food Group pre-tax profit fall following Grain D’or closure, and all the rest of the latest news from the City.
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Media Bites 17 Sept: Tesco, The Co-op, Unilever
Tesco is planning to shut a raft of City centre stores and convert dozens of others to Jack’s, its new discount format, in a move that will put thousands of jobs at risk
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Emily Crisps seek cash injection to propel UK growth
The high-end crisp brand has almost completed a £1m crowdfunding raise in order to drive recruitment, marketing, and improve awareness in the UK
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Sales slide at Whitworth's after price squeeze from 'major customers'
The home baking specialist blamed increasing “price pressures” for the drop in sales to £167.1m
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Fruitapeel sales jump 31% in year of Puratos acquisition
The private label manufacturer drove sales from £10.4m to £13.6m in the year ending 28 February 2018
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City snapshot: Seachill growth boosts Hilton Food Group sales
Sales jumped 25% at packaging and food processing giant Hilton Food Group (HFG) in the first half of 2018, boosted by the strong performance of Seachill, Unilever revealed plans for a new holding company ahead of its Dutch move, and the rest of the latest news from the City.
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Media Bites 11 Sept: Mondelez, ABF, UK economy
The boss of the European division of Mondelez International, which owns Cadbury, says that it is stockpiling ingredients and finished confectionery and biscuits in case of a no-deal Brexit
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Health Made Easy buys mint and gum brand Peppersmith
The sugar free chewing gum business has been bought by the parent company of organic food wholesaler Tree of Life
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McColl's shares rebound after P&H collapse dragged value down
McColl’s stock had plunged to a two-year low of 125p in late August put is now up 12.1% for the week
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Natural Drinks Co ceases trading after failed investment
The company was wound up after hiring liquidators BDO last month, but hopes to secure funding to resurrect its brands in the future
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Sales rocket 75% at Grenade on back of PE acquisition
The snack bar and drink maker delivered strong growth after being bought by Lion Capital in March 2017
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Pret A Manger sales jump 13% amid overseas expansion
The chain recorded a 13.2% increase in sales, to £878.5m, in the year ending December 2017, prior to its £1.5bn acquisition by JAB this May
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Euro Garages buys US forecourt chain Minit Mart for $305m
The deal will add 225 Minit Mart branded stores to EG Group’s rapidly-growing international portfolio, adding to the 762 sites it bought from Kroger
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City snapshot: McColl's like-for-like sales drop as P&H impact continues
Like-for-like sales dropped at convenience store chain McColl’s as it continued to feel the impact of Palmer & Harvey’s collapse last year, Tesco announces a new non-executive director and the rest of the City news