Dalton Philips news, comment and insight
Dalton Philips is CEO of Greencore Group and a former CEO of Morrisons.
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NewsCMA raises Greencore Bakkavor competition concerns
Greencore and Bakkavor must address concerns from the Competition & Markets Authority (CMA) in the own-label chilled sauces category to avoid an in-depth investigation of the £1.2bn merger of the two food groups
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NewsGreencore upgrades profit expectations as boss praises ‘exceptional year’
Greencore CEO Dalton Philips has praised ‘an exceptional year’ for the sandwich maker as the group raised its annual profits guidance
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NewsGreencore shares jump 10% after lifting profit forecast
Food-to-go manufacturer Greencore has seen its shares surge 10% following an impressive quarterly performance
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NewsDefra sets out 10-point Food Strategy plan for healthier food and greener supply chain
The outcomes framework includes demands of the industry to make healthy food more affordable and to step up action to tackle the obesity crisis
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NewsGreencore to buy rival food-to-go firm Bakkavor for £1.2bn
Bakkavor had previously rebuffed two offers from Greencore, including a £1.1bn approach last month.
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Analysis & FeaturesFood Strategy board: who’s on it and what will they do?
Defra has named 13 food ‘big hitters’ who will form the group. But some sources fear the lineup is ‘imbalanced’ toward intervention
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NewsNational Food Strategy panel of expert members revealed
The group is being billed as instrumental in building a ‘coalition’ between the food industry and ministers aimed at tackling the obesity crisis, increasing the nation’s food security and putting growth at the heart of government food policies
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Analysis & FeaturesWhat a mega-merger would do for Bakkavor, Greencore and own label
Will Bakkavor founders sell to Greencore, what are the benefits of the proposed mega-merger - and would the CMA clear it?
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NewsBakkavor rejects Greencore merger approach to create a £4bn food giant
Shares in Bakkavor have rocketed by 16.6% as the markets digested the news
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NewsGreencore delivers positive Q1 but warns of ‘unprecedented’ labour cost challenges
Sandwich maker Greencore has reaffirmed its full-year guidance following a ‘strong’ first quarter with volumes growing ahead of the market
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NewsSainsbury’s and Greencore partner to produce ‘one million meals’ for FareShare
The pair hope to ‘maximise their combined resources’ to produce meals directly for FareShare
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Analysis & FeaturesStock market review of 2024: who were the major risers and fallers in the City?
M&S and Greencore were among the City’s major winners for 2024, while Ocado and B&M had a tough year
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NewsGreencore shares rise again as profits jump
Greencore’s profits saw healthy growth last year as the sandwich maker posted “stronger than expected” full year results.
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Comment & OpinionWill new Alliance Food Sourcing collaboration finally tackle food waste?
With a little help from King Charles, the UK’s leading supermarkets and manufacturers launch a new collaborative food waste operation
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Comment & OpinionIGD’s new group will unite supply chain on food redistribution
Food industry leaders are launching a new and dedicated group to work across the food supply chain to identify sources of surplus food and get it to charities and communities in need
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NewsSupermarket bosses announce food redistribution body that will ‘transform’ fight against hunger
Retailers, producers and other companies across the food supply chain have formed a new national organisation to redistribute thousands more tonnes of edible surplus to people suffering from food poverty
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NewsGreencore investors show continued appetite for shares
Shares in Greencore shot up 10% this week as another profits upgrade led to analysts in the City raising their target prices for the stock
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NewsCity snapshot: Greencore upgrades profit forecasts after ‘outstanding performance’ in Q4
Profits at Greencore will be ahead of expectations thanks to “an outstanding performance” in the final quarter of its financial year. Plus, trading updates from Imperial Brands and Cooks Coffee, the latest data from Kantar, BRC and Barclays, and Gusbourne secures additional funding
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NewsCity snapshot: Reckitt unveils brand sell-off to simplify operations
Reckitt Benckiser is offloading its portfolio of homecare cleaning brands and the embattled baby formula business to focus on its stable of power brands in health and hygiene. Plus, the latest NIQ supermarket sales figures, first-half results from Nichols and a Q3 update from Greencore
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NewsCity snapshot: Activist investor Oasis Management ups stake in Greencore
Activist investor Oasis Management has become Greencore’s largest shareholder, a report in the Financial Times notes, adding pressure on the group to accelerate turnaround plans