Archive of all news articles – Page 340
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News
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
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Personal shopper app Buymie strikes first non-grocery partnership
Woodie’s, the Irish market leader in DIY, home and garden, will launch the ‘Woodie’s powered by Buymie’ service on 10 October
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Co-op announces support for apple growers following extreme weather
Following the extreme weather and drought conditions in much of the UK, many farmers are facing a smaller crop this year, according to the retailer
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SBTi takes on farming-based emissions with new guidance
The new guidance will help businesses target the 22% of emissions that ‘had not been addressed before’, said the global environmental standards body
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Tesco UK & ROI CEO Jason Tarry joins IGD as president, replacing Patrick Coveney
Tarry is set to take over from current president, and former Greencore CEO, Patrick Coveney on 1 January 2023
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Fuel10K challenges Quaker Oats with instant porridge sachets launch
The new format provided ‘a quick, delicious and economical option’ amid the cost of living crisis
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Mackie’s of Taypack rescues own-label popcorn maker from administration
Snacking firm Mackie’s at Taypack has rescued one of the UK’s largest independent own label popcorn manufacturers from administration in a pre-pack deal, saving the jobs of 60 staff.
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Aldi opening new ‘eco store’ concept in Leamington Spa
The store has been designed for low carbon consumption while offering shoppers sustainable choices
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Food waste Roadmap to be re-drawn as economic crisis hits landmark sustainability programme
Some of the ambitions in the speed of change are set to be reduced due to the impact of the pandemic, the war in Ukraine and the cost of living crisis,
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Buyers ‘hiding behind their computers’ in CPI negotiations, claims Adjudicator
In a speech at the GCA conference, Mark White said he was urging supermarkets to think again about the training and experience given to buyers.
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Media Bites 28 September: food price inflation, Morrisons, AG Barr
Food inflation has hit its highest rate on record with shoppers now paying 10.6% more than they were a year ago
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City snapshot: Food prices soar to highest rate on record
Food inflation has rocketed to its highest rate on record as soaring input costs continue to mount for suppliers, according to new figures this morning.
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BrewDog marketing chief Dan Jones leaves to join Small Beer Co
Small Beer Co co-founder Felix James said the business was “beyond excited to welcome Dan as the latest addition to our executive team here at the brewery”.
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Nestlé appoints three executives to senior team
Nicholas Wahli has been made MD for Cereal Partners Worldwide, while Alex Gonnella has been promoted to group marketing director
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Country Range Group appoints Martin Ward as new chief executive
Ward is the direct replacement for former MD Coral Rose, who left in April to join Fairway Foodservice after 12 years at the buying group
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Tesco on TikTok: shoppers invited to be new voice of the checkout
Tesco has announced a competition to find the new voice on its self service checkouts – via TikTok