All news articles – Page 638
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NewsCity News: Nestlé’s promise of improved profitability does little to reassure investors
Nestlé’s guidance towards improved profitability this year did little to ease investor concerns around a sharp underperformance of fourth quarter sales volumes, as well as the impact of ongoing price hikes
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NewsCadbury unveils first non-HFSS range Fruitier & Nuttier
Called Fruitier & Nuttier, the four-strong lineup comprises Bars and Trail Mix share bags in Milk and Orange
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NewsHavabier, Bemuse and Jump Ship turn to crowd to scale no & low brands
Three start-ups in the burgeoning no & low alcohol category have successfully raised almost £1m combined from the crowd
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NewsCity snapshot: Retail sales volumes bounce back in January
Retail sales volumes unexpectedly bounced back into growth in January as sales and promotions boosted shopper activity. Plus Costa Coffee names new CEO
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NewsMedia Bites 17 February: Nestlé, Aldi, Devro, SSP Group
The papers pick up the latest annual results from the world’s biggest food group, Nestlé.
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News7up unveils first major brand refresh in seven years
The ‘vibrant’ new look will roll out next month, supported by a multichannel campaign
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NewsIFF agrees $220m sale of UK-based Flavour Specialty Ingredients to Exponent
IFF has agreed to offload its UK-based Flavour Specialty Ingredients (FSI) division to private equity firm Exponent in a $220m deal.
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NewsPig producers call for ‘lasting reform’ after £750m loss from backlog crisis
The National Pig Association is calling for structural changes to the sector in order to better share risk in the supply chain
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NewsBig energy accused of exploitation over ‘secret broker commissions’
Businesses claim they were not told of commissions paid to brokers by energy firms
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NewsImporters spark row with Defra over strawberry quota
It follows a story in The Grocer last week which revealed Egyptian imports would soon be hit with a 10% tariff due to an insufficient quota
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NewsGrowers fear more labour shortages as recruiter is axed
Kent-based AG Recruitment, had its licence revoked by the Home Office last week in the wake of controversy over the alleged treatment of migrant workers.
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NewsDevro receives revised £562m offer from Saria as Unite plots strike in pay dispute
The revised price will see shareholders receive 320p a share in cash, up from 316.1p, in addition to a second 10p interim dividend.
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NewsHeineken says Russia exit will take longer than expected
The Dutch brewer promised to withdraw from the Russian market following its invasion of neighbouring Ukraine nearly a year ago
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NewsAldi creating 6,000 jobs this year as expansion continues
It comes a week after The Grocer revealed Lidl had dramatically scaled back its opening plans for the year ahead
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NewsTikTok smash cereal brand Crispy Fantasy to launch DTC operation
Crispy Fantasy ran a campaign with Zapp last year during which 2,000 free samples were added to the quick commerce player’s orders
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NewsJJ Foodservice set to double the number of schools it works with by 2026
JJ said it planned to attract schools with its fully digitalised ordering systems and strong focus on sustainable produce and social value
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NewsAsda taps Publicis Sapient for post-Walmart e-commerce platform
The platform will be delivered by April 2024, as part of a “hugely ambitious” programme, Publicis Sapient said
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NewsNutritional drinks brand Exalt partners with Tottenham Hotspur
Exalt makes around half of its sales through its own website, with 30% of that revenue coming via customer subscriptions
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NewsCity snapshot: Nestlé targets margin improvement after cost inflation dents profitability
Nestlé has targeted margin improvement in 2023 despite ongoing cost inflation after soaring input costs dented profitability in 2022. Plus updates from CCEP, Pernod Ricard, Kerry Group and SSP Group
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NewsUK cultivated meat investments jump fivefold in 2022
Analysis of PitchBook data found UK cultivated meat companies enjoyed £61m of new funding in 2022