Latest Headlines – Page 414
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NewsTreatt shares plunge on inflation-driven profits warning
Shares in Treatt have lost a third of their value after the ingredients business warned its profits would be much lower than expected as a result of sluggish consumer confidence in the US and soaring cost inflation
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NewsSpeyside Brewery to recommence production from new site following investment
The Forres-based brewery will move to a new site ‘a few yards’ away, after being mothballed during the pandemic
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NewsHeinz trademark points to potential new Flavourhood seasonings range
It has applied to register the name as a trademark with the IPO under class 30, covering salts and seasonings
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NewsGü splashes £4.5m on rebrand and adds four new SKUs
The posh desserts brand aims to increase its retail sales value from £70.7m to £90m by October 2023
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NewsYoung’s unveils packaging revamp alongside ‘bigger and better’ fish finger range
The supplier is describing the revamp as its biggest in two decades
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NewsSainsbury’s Price Lock campaign has shrunk by 20% since start of the year
Sainsbury’s has invested over £500m over the two years to March 2023 in its value proposition
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NewsOmsco to sell British Organic Dairy Company cheddar range in the US
The Somerset-headquartered organic co-op said it was ‘confident’ of success across the pond
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NewsPremium crisps brand Burts Snacks adds popcorn duo
The innovation would help Burts ‘meet snack cravings yet remain a healthy food option for consumers’, it said
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NewsCity Snapshot: Hellofresh unveils record revenues but at expense of lower profits
HelloFresh has revealed record quarterly revenues as the meal kit firm increased its customer base further, but profits fell back as the group spent more on marketing. Plus, Treatt revises profit expectations down significantly and wine maker Gusbourne more than doubles sales.
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NewsMedia Bites 15 Aug: Cooks Coffee, Supermarket barbecues, Haleon
Britain’s fourth-largest coffee shop chain, Cooks Coffee, is drawing up plans to list on the London stock market, providing a bright spot amid an ongoing drought of new UK listings
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NewsDeliveroo investors shrug off bad news to focus on margin improvement
Widening losses, slowing growth and the loss of an industry heavyweight from the board are an unusual recipe for success, but Deliveroo’s shares were up again this week as the City welcomed its progress on margin improvement
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NewsAldi trialling clear milk bottle caps to improve recyclability
The discounter is removing green caps from its British semi-skimmed standard milk in favour of clear ones
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NewsHeinz UK sales remain up on pre-pandemic levels despite post-stockpiling falls
The end of Covid stockpiling saw Heinz sales fall back in the UK last year, but revenues remained above pre-pandemic levels thanks to a strong ketchup and infant performance
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NewsLucozade Ribena Suntory sales rebound as on-the-go recovers
Lucozade Ribena Suntory saw a sharp rebound in sales last year as on-the-go consumption returned in the wake of Covid restrictions
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NewsPremium tequila brand Kah makes supermarket debut
Tesco is the first UK retailer to list the brand’s ‘brick-shaped’ bottle, previously only available in the US and Canada
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NewsNestlé adds duo of SMA Multigrain Cereals for babies
The cereals contain no added sugars and are fortified with essential nutrients, such as iron, vitamin C and thiamine
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NewsTesco quietly cuts own label value tier by 100 lines over three years
The lineup included 316 products on 4 August, compared with 339 a year earlier and 422 in 2019, according to exclusive Assosia data
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NewsLow-calorie alcohol retailer DrinkWell secures £1m to fund expansion
The funding will allow the retailer to scale and grow its team, while investing in NPD
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NewsBrits confused by deposit return scheme concept, research shows
A poll of 2,000 adults found households were already struggling to understand existing recycling schemes
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NewsBear relaunches non-HFSS Alphabites cereal duo to improve taste
The cereals will roll out in new-look packaging, which would bring them ‘more in line with the rest of the Bear range’, said the brand