Latest Headlines – Page 491
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NewsHeineken to dispose of its Russian business and take €400m hit
Global brewer Heineken has announced it will dispose of its Russian business and leave the country due to its war on Ukraine.
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NewsIceland switches back to using palm oil as sunflower oil shortage bites
Soaring sunflower oil prices caused by the war in Ukraine mean the supermarket must use palm oil again or have freezers bare of staples, said Iceland MD Richard Walker
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NewsMatugga Distillery closes in on £300k crowdfunding goal
The business, run by married co-founders Jacine Rutasikwa and Paul Rutasikwa, is aiming to become a ‘cane to cask’ producer, with plans underway to develop a sugarcane plantation in Uganda.
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NewsCaterforce appoints Iain Julier as trading controller in newly created role
He takes up the newly created role with more than 26 years of purchasing experience iun retail, wholesale and foodservice
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NewsBenecol hopes to reach new consumers with plant-based range
Benecol Oat products are plant-based alternatives made of oats and enriched with plant stanols to ‘help lower cholesterol’
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NewsMeat alternative brand This adds caramelised onion sausages
The innovation would encourage ‘more meat eaters to trial and adopt plant-based food’, said This
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NewsTeapigs launches its first decaf tea, Abraca-decaf
The NPD offered ‘all the award-winning full flavour of Teapigs everyday tea, but with none of the caffeine’, said Teapigs.
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NewsAsda launches speedy personal shopper app with Buymie
In Leeds, Asda’s full online range will be available on a new ‘Asda Express powered by Buymie’ app
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NewsCity snapshot: Investors call on Sainsbury’s to pay living wage
An investor coalition managing £2.2trn in funds has filed a shareholder resolution to demand Sainsbury’s to pay a living wage to all its workers. Plus, Heineken to pull out of Russia and take €400m writedown and all the rest of the latest news from the City.
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NewsMedia Bites 28 March: Boots, Sainsbury’s, UK retail sales
Four private equity firms are understood to have given presentations to Boots’ management team and submit second round offers in the coming weeks
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NewsPlastic-free babycare startup Pura makes supermarket debut in Asda
The fast-growing brand will see 11 SKUs roll into all Asda stores from 9 April
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NewsCMA gives Boparan green light for Banham Poultry acquisition
After taking a closer look at the transaction and launching a phase 1 inquiry in January, the Competition & Markets Authority (CMA) cleared the deal.
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NewsKoRo closes €50m funding round to continue rapid growth across Europe
The business – started in Berlin in 2014 – sells a range of more than 1,000 SKUs across food categories and kitchen appliances direct to consumers.
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NewsSainsbury’s hit with shareholder resolution to become a Living Wage employer
In January this year, Sainsbury’s announced it was upping hourly pay for staff to at least £10 per hour
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NewsCity News: MP Evans profits surge on soaring prices
Surging commodity prices are not bad news for all food industry players, as UK-listed palm oil producer MP Evans proved this week with soaring annual profits
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NewsSainsbury’s expands world foods offering to become ‘more inclusive’
The move will also see over 500 stores dedicate more space to world foods
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NewsSteve Murrells to leave Co-op as Shirine Khoury-Haq becomes its first female CEO
Murrells joined the Co-op in 2012, heading up its food business. He was named group CEO in March 2017
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NewsCheeky Panda smashes £1m crowdfunding target as it looks ahead to IPO
Eco household brand Cheeky Panda has welcomed thousands of new shareholders after closing its latest round of crowdfunding ahead of a planned IPO.
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NewsRetailers urged to follow Morrisons in increasing payments for pigs
Morrisons subsidiary Woodhead Bros announced this week it would increase its weekly contribution price by 30p/kg to 180p/kg
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NewsRapid grocer Gopuff strikes multi-year supply deal with Morrisons
Source: Gopuff/Morrisons Rapid grocer Gopuff has struck a multi-year supply deal with Morrisons. From this week “thousands” of Morrisons grocery items will be available on the Gopuff platform, and supplied to its network of dark stores. The “instant commerce platform” – which launched in the UK in ...