Archive of all news articles – Page 344
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News
City snapshot: PZ Cussons suffers slowing Carex sales but profits beat expectations
Beauty group PZ Cussons has delivered ‘resliant’ financial performances in the fact of significant inflationary headwinds, with profits ahead of expectations as it minimised margin dilution
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Media Bites 22 Sep: M&S, Co-op, Eataly
Marks & Spencer is giving staff their second pay rise this year as part of a £15m cost-of-living support package
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M&S becomes latest retailer to announce second hourly pay rise of the year
M&S’s new rate still falls short of Aldi’s, the highest paying supermarket based on basic hourly minimums
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Castell Howell distributes 16,000 food packs for children over the summer holidays
Over the last two years, the boxes have provided around one million holiday and lockdown meals
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Red Bull multipack sales gives energy drinks brand wings as supermarket sales soar
Red Bull has grabbed a record share of the UK energy drinks market as it attracted new shoppers to the category and continued to benefit from demand for its take-home multipacks.
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Coca-Cola appoints Dusan Stojankic as GB&I general manager
Stojankic will oversee the continued expansion of Coca-Cola’s low and no-sugar range in the region
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Sustainability scoring system rolls out at organic retailer
The ratings will be displayed alongside other product information on the Zest website
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Mondelez launches ‘indulgent’ Philadelphia Intense soft cheese line
The fmcg giant said the NPD had already performed well in consumer testing
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Jo Whitfield to leave the Co-op after five years as Food CEO
The society also announced today that Michael Fletcher is stepping down from his role as CEO of its wholesale arm Nisa
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Lidl to bring DRS trial to England with launch at Bristol stores
The discounter’s DRS trial, which is currently in six stores in Scotland, is on its way to two in Bristol
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French plant-based bacon brand La Vie makes UK supermarket debut
La Vie is made from soy with sunflower oil extracted using a patented process the brand claims gives the product ‘taste parity with pork bacon’
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Mr Kipling adds trio of posh brownies
The innovations would meet the ‘growing demand for evening indulgence’, said Mr Kipling
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Aldi winning share from supermarket online operations
Online made up 11.6% of the market in the 12 weeks to 4 September – its lowest share since June 2020 – while accounting for 19.4% of the spend that switched from Tesco to Aldi over the period
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Wyke Farms launches carbon neutral Ivy’s cheddar launches into Tesco
In the first major UK supermarket listing for the product, the cheese went on sale in Tesco on 12 September
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CO2 crisis: slaughterhouses say they could run out of gas next week
While emergency talks with the government have continued, despite the Queen’s death, industry sources said it was crucial food suppliers were given priority
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Energy bailout welcomed but food businesses urge longer-term support
Industry leaders warmly welcomed as a lifeline the “unparalleled” package of support announced by business secretary Jacob Rees-Mogg
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Plant-based protein brand Heura launches burger via online game Minecraft
The games are being hosted by international gamer and influencer Elisa Waves through her Twitch channel
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Sainsbury’s opens pop-up store with free frozen food to reduce waste
Everything in the store is frozen, including fruit and vegetables, dairy, meat and baked goods
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Media Bites 21 Sep: Holland & Barrett, Haleon, Sainsbury’s
The owner of Holland & Barrett is plotting to buy back nearly £900m of debt as part of a restructuring aimed at restoring it to a stable financial footing
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City snapshot: Shoppers pull back supermarket spending to tackle cost-of-living crisis
Shoppers reined in spending at supermarkets following the end of the summer holidays, according to new research this morning. Plus, LXi REIT confirms talks with Sainsbury’s over £500m sale-and-leaseback deal, Tesco makes new board appointment, and full-year results from Supermarket Income REIT and Egale Eye Solutions.