Latest Headlines – Page 366
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NewsAsda records best results for two years as Just Essentials wins over customers
The supermarket recorded a 4.7% year-on-year increase in like-for-like sales in the third quarter of 2022, while total revenues excluding fuel were £5.2bn
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NewsCity snapshot: Cake Box profits squeezed by rising costs
Profits have crumbled at fresh cream cakes retailer Cake Box as rising ingredients costs and low consumer confidence put pressure on the group’s bottom line. Plus, PZ Cussons agrees a new £325m credit facility
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NewsMedia Bites 14 November: Autumn Statement, M&S, Morrisons
It is a quiet weekend in the papers for fmcg news as headlines focus on the upcoming Autumn Statement.
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NewsBranston appoints Jim Windle as new managing director
Windle has been promoted from financial director, a role he held from 2015
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NewsCo-op and Crowdfunder team up to offer funding for local charities
The initiative is open to local charities and grassroots community organisations benefiting from Co-op’s Local Community Fund
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NewsDeliveroo launches ‘Collecteroo’ food bank collection service with Trussell Trust
The Collecteroo service runs for five days in December in London, Birmingham, Manchester, Glasgow and Cardiff
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NewsBakkavor plans closure of Leicester and Sutton Bridge sites, putting 900 jobs at risk
The ready meals and fresh foods producer is to begin a 45-day consultation period with staff
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NewsNomadic Dairy goes beyond yoghurt with protein pudding duo
The Irish supplier’s products – available in vanilla and chocolate flavours – launched this week in Spar stores nationwide
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NewsBritvic on the hunt for new CFO as Joanne Wilson steps down
Wilson will remain with Britvic until the end of her notice period in May 2023
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NewsLindsay Boswell to step down as CEO at food redistribution charity FareShare
Boswell this week announced he would step down from the helm of FareShare, a role he has held since 2010
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NewsCity News: M&S share renaissance falters on downgrades
A recent renaissance for Marks & Spencer shares came to an end this week as the retailer warned conditions on the high street would be even more challenging next year, with margins under pressure across the sector.
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NewsA ‘tsunami of need’: Trussell Trust calls on government to act on ‘alarming’ levels of food poverty
The group has released new figures showing 1.3 million emergency food parcels were provided by the charity’s network partners to people in need between April and September – a third more than was provided during the same period in 2021
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NewsCo-op launches trial to reveal true number of recycled own-brand bottles
In partnership with technology business Polytag, the convenience retailer is kicking off the trial with a recycling centre in North Wales
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NewsCity snapshot: OC&C 150 illustrates pre-crisis recovery for big food businesses
The UK’s 150 biggest suppliers bounced back to the industry’s highest growth rate for three years ahead of the cost-of-living crisis earlier this year.
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NewsDealmaking activity in F&B slows to a trickle amid inflationary headwinds
M&A activity in food and drink ground to a halt in the third quarter as economic volatility decreased investor appetite in the sector.
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NewsBio & Me lands funds to boost gut health awareness
Rapidly growing challenger Bio & Me has secured a seven-figure investment as it seeks to further drive consumer awareness of the importance of gut health.
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NewsMedia Bites 11 November: Tampon tax, B&M, WH Smith, Haleon
A full morning of fmcg news in the papers picking up on the latest results from B&M, WH Smith and Haleon as well as a report showing retailers failed to pass on tax savings on tampons.
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NewsSwedish coffee brand Löfbergs makes UK debut with Tesco and Ocado listings
Löfbergs UK MD Wilson Clarke said he was ‘excited to show off a taste of Swedish heritage to the British people’
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NewsCooking sauce sales plummet as Brits avoid scratch cooking
Sales of ambient cooking sauces fell by 4.3% to £724.2m, while volumes plunged 10.1% in the 52 weeks ending 5 September 2022
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NewsAHDB unveils ‘focused’ list of priorities for next five years
The levy board had refocused its activities with more targeted activities around areas such as marketing, market intelligence and exports