Archive of all news articles – Page 339
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Media Bites 30 September: Co-op, Mitchells & Butlers, Lindt
The Co-operative Group has seen earnings tumble following a jump in commodity prices and the end of a business rates holiday
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HFSS ban to go ahead on Saturday but campaigners still fear government u-turn
The measures also confirmed an October 2023 start date for a ban on multibuy locations, including bogofs
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Quorn profits shrink as rivals eat in market leader’s share of meat-free category
Profits at Quorn have retreated as soaring costs put pressure on margins and an increasingly crowded meat-free category saw sales dwindle at the market leader.
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Paul Cheema returns to Costcutter after eight years with Nisa
Cheema, who runs two stores in Coventry with his family, joined Nisa in 2014 at the height of the Palmer & Harvey supply challenge period
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JJ Foodservice invests over £2m to install solar panels across all branches
The new panels are expected to generate around 1,100,000 kWh of energy annually
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Co-op looking to triple number of franchise stores as part of new food strategy
Co-op is alos investing £37m to reduce the price of 120 key convenience lines such as orange juice, pizza, wine, fruit and salads
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Growers call for seasonal visa clarity as Defra denies ELMS to be scrapped
The government must act on Liz Truss’s pre-election promises by rapidly expanding the seasonal workers scheme, growers have urged
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The Co-op’s incubator scheme winners hit the shelves
Successful suppliers focused on innovative solutions around sustainability, food waste, plant-based, and non-HFSS classified snacks
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Egg producers still ‘seeing little benefit’ from soaring price inflation
It comes despite price hikes of as much as 75p per pack on some free-range egg lines since April
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DTC coffee brand Apostle screens potential subscribers based on ‘conscientious credentials’
Potential subscribers of Apostle Coffee’s new membership service must take a ‘How Green Are You?’ quiz to test their “ecoknowledge”
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Premier drives focus on sustainability and tech as it reaches 4,000 stores
The Booker-owned fascia has begun trialling a number of features at a newly refurbished store in Bournemouth
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DRS rollout heading for chaos, warn food and drink industry giants
Companies including Coca-Cola and Booker, said hopes of a joined-up approach across the devolved nations had virtually disappeared
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Sainsbury’s switches all own-label coffee pods from plastic to aluminium
Sainsbury’s has also reduced the amount of cardboard across the range by over 20%
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Boots adds HFSS-compliant snacks despite uncertainty
The retailer has confirmed it is rolling out a new fixture with 11 snack ranges from better-for-you brands
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Mondelez’s Mikado biscuits impacted by supply chain issues
At the time of writing, an online search for the brand across Tesco, Asda, Morrisons and Sainsbury’s returned only one SKU
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City snapshot: Bakkavor CEO Agust Gudmundsson to step down
Bakkavor CEO Agust Gudmundsson is to retire next month to be replaced by current COO Mike Edwards. Plus trading updates from Mitchells and Butler and Gusbourne as the FTSE sees heavy losses in early trading
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Media Bites 29 September: Morrisons, Mars, Shepherd Neame
A profits slump at Morrisons makes headlines this morning as the cost of living crisis subdues consumer confidence.
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Morrisons profits slump on sales decline as shoppers feel the pinch
Profits slumped as subdued consumer sentiment led to a decline in sales and “unprecedented” inflationary pressures hit in-house manufacturing operations
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Amazon Fresh stores cut prices on 200 lines
More than 200 products – both branded and from Amazon’s own-label ranges – have been reduced in price, in some cases by up to 20%
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Crosta & Mollica moves into ready meals with Ocado range
The meals offered a ‘true taste of Italian cooking without the hassle’, claimed Crosta & Mollica