Latest Headlines – Page 243
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NewsMedia Bites 28 July: Nestlé, Ocado, Oatly
Nestlé has said price rises will start to ease in the second half of the year, as the KitKat maker raised its sales outlook on better than expected performance in the six months to the end of June.
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NewsUK loses 6,000 retail outlets in five years
It comes as the store vacancy rate continued to climb this year, with rising rents and increased competition putting pressure on small and independent businesses
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NewsSugar tax calls revived as MPs look to tackle obesity crisis
Ministers rejected calls in Dimbleby’s 2021 report for a swathe of new taxes on junk food because of the likely impact on food prices
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NewsTennent’s taps Scottish heritage in ‘seven-figure’ campaign and rebrand
The new Tennent’s brand platform features an evolved visual identity and is underpinned by a TV spot, on and off-trade promotions and a billboard campaign
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Analysis and FeaturesWhy it’s so difficult for fmcg companies to exit Russia
Several fmcg companies have struggled to exit Russia following its invasion of Ukraine
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NewsPlant & Bean owed creditors £6m at time of administration
Failed meat alternative manufacturer Plant & Bean ran up losses of at least £7m in just two years of trading and owed creditors more than £6m when it collapsed earlier this year, new documents have revealed.
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NewsOatly shares collapse as plant-based brand drastically cuts growth forecasts
Oatly shares have crashed once again as the embattled plant-based group drastically cut its sales outlook for the year
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NewsAspartame sweetener in almost half the fizzy drinks sold in UK
The percentage of fizzy drinks to contain the sweetener has jumped up from 45% this time last year
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Comment and OpinionBeer fear for brewers as new alcohol tax set to hinder innovation
The tax is aimed at driving moderation, but this shouldn’t come at the expense of innovation
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Comment and OpinionSuppliers should heed CMA’s hunt for cost of living villains
The supermarkets seem to have been the launchpad for further scrutiny in the sector, says Tom Smith, partner at Geradin Partners and former CMA legal director
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NewsCBD brand Trip launches subscription service
The service offers users recurring free deliveries of their chosen products every four, six or eight weeks in what the company called “an industry first”
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NewsDepop founder’s food app Delli launches physical store
The Delli store in London Fields, Hackney opened its doors for the first time last week, selling an assortment of products that are available on the app
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NewsCereal crops decimated by Europe’s heatwave
The 2023 European cereal harvest is set to be its lowest since 2007, some 9.5% lower than the five-year average, while other weather-beaten commodities have also taken a hit
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NewsIceland hints at own label range of household products
The supermarket group has registered the trademark for the brand House, and an associated logo with the Intellectual property office earlier this month
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NewsGreggs to open cafés in Sainsbury’s supermarkets, as it ramps up store rollout
Greggs is also increasingly targeting travel hubs, including a new site at Gatwick Airport
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NewsYear delay to extended producer responsibility is ‘not enough’ ministers warned
Sources said shelving the flagship environmental policy until at least October 2025 has still left the industry facing £2bn a year in extra costs
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NewsFood standards agencies warn of higher listeria risk in smoked fish
The agencies have advised that pregnant women and those with a weakened immune system should avoid eating ready-to-eat cold smoked or cured fish
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NewsBritvic makes RTD coffee play with Jimmy’s acquisition
After 13 years, Jimmy is selling up to the might of Britvic
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NewsOcado Solutions CEO Luke Jensen to step down
John Martin, current non-executive director at Ocado, will be appointed as CEO of Ocado Solutions on 1 September 2023
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NewsFinnebrogue invests £2.8m to upgrade plant-based food factory
The investment in its vegan food production site in County Down, which opened in 2020, means the roof now has 2,846 solar panels