Latest Headlines – Page 405
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NewsNew CO2 gas crisis could cost 2 Sisters £1m extra a week, Ranjit Singh Boparan warns
It comes as the UK’s main gas supplier CF Fertilisers announced plans to close its Billingham site last week
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NewsWhite Rabbit enters ambient aisles with its first risotto
Featuring the ‘perfect porcini and champignon mushroom combo’, the arborio rice mix is vegan, gluten-free and ready for plates in 20 minutes
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NewsJust Eat secures deal with Booker Wholesale
As part of the agreement, Booker Wholesale’s sales team will promote Just Eat delivery to their store customers as a preferred partner.
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NewsMars drawing fire from wholesalers over PMP margins
The Grocer understands that Mars this week agreed to a u-turn on plans to reduce the shared margin on some but not all key confectionery lines
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NewsCity snapshot: EG Group revenues mount but profits hit by inflationary pressures
Forecourt giant EG Group has announced “resilient” second quarter trading, with sales rebounding by 34%, though inflationary pressures reduced headline profits. Plus, Reckitt CEO Laxman Narasimhan to take over at Starbucks and all the rest of the latest news from the City.
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NewsMedia Bites 2 September: Starbucks/Reckitt, 2 Sisters, Pernod Ricard
Starbucks has named the outgoing head of Reckitt Benckiser as its next chief executive, handing Laxman Narasimhan the task of executing a “reinvention” strategy
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NewsTesco buying manager Dom Hill leaves to join Red Bull
He was most recently buying manager for cola & carbonates
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NewsXampla launches microcapsule technology to protect vitamins in fortified drinks
The technology wraps a microscopic droplet of vitamin oil in plant-based material to guard the vitamin from UV light, pH imbalance, and pasteurisation
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NewsAllinson’s launches Heat & Eat bread rolls range
According to the brand, heat at home was ‘an untapped area for premium breads, with a lot of growth potential’
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NewsCheeky Panda puts flotation plan on hold as IPO activity slows
Sustainable tissue challenger Cheeky Panda has put its ambitions for a blockbuster £300m flotation on hold amid economic turmoil and a dramatic global slowdown in IPO activity.
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NewsOli Tec smart labelling system promises to slash food waste
Oli-Tec is in conversation with several supermarkets and suppliers in the UK and US to secure a large-scale trial of its technology
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NewsHunt’s Food Group steps in to rescue Tree of Life sister The Health Store from administration
Administrators at insolvency firm Interpath Advisory completed the sale of The Health Store brand and assets to the Dorset-headquartered group today
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NewsTruss pledges to help growers with labour as seasonal workers depart early
Truss – who will find out on Monday if she will succeed Boris Johnson as PM – said ’we need to expand this scheme’
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NewsPatisserie Valerie to close nine stores following ‘unprecedented challenges’
The café and bakery chain said the nine branches it had decided to close had not recovered “as well as we expected” from the pandemic
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NewsEnergy crisis: supermarkets urged to support suppliers or face empty shelves
Experts told The Grocer this week some retailers were agreeing to so-called “open book” deals
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NewsIceland brings operational improvement consultancy into price talks with ready meal suppliers
The supermarket is asking suppliers to take cost price increase requests to Newton Europe for ‘validation’, The Grocer has learned
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NewsThis expands senior leadership team with three new hires
The meat alternative brand has appointed Dee Bulsara as marketing director, Jack Rutherford as commercial director and Daniel Angadi as operations director
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NewsFood exports exceed pre-Covid levels for first time
Chocolate was the UK’s largest exported food category in the first half of 2022 worth £368m, up 12% since 2021
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NewsPlanted secures £61m to scale clean label meat-free brand
Swiss foodtech startup Planted has closed one of the biggest-ever funding rounds in the meat alternatives category to boost production capacity and expand its range.
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NewsCity snapshot: Reckitt CEO Laxman Narasimhan quits
Reckitt Benckiser CEO Laxman Narasimhan will step down as CEO later this month and will be replaced by former British American Tobacco CEO Nicandro Durante on an interim basis. Plus, Pernod Ricard posts strong annual growth and all the rest of the latest news from the City.