All articles by Ed Devlin – Page 10
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NewsTreatt shares crash on profits warning
Treatt has lost more than a quarter of its market value as shares in the drinks ingredients firm crashed yesterday following a profits warning
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NewsSupermarket sales bounce back in June as shoppers soak up the sunshine
June’s heatwave has been good news for supermarkets as food sales bounced back from a decline in May
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NewsConsumer confidence falls as Brits save cash ahead of autumn budget
Brits are saving their cash as worries over never-ending inflation continue to haunt consumer confidence ahead of the coming autumn budget
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NewsReckitt Benckiser lifts growth projections after cleaning up portfolio
Reckitt Benckiser has upgraded forecasts for its annual sales growth as the drive to simplify the health, hygiene and nutrition multinational showed early results
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NewsNestlé suffers decline as consumers react to higher coffee and chocolate prices
Sales and profits have fallen at Nestlé in the first half as the world’s largest food group continued to suffer from weak consumer sentiment
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NewsWin-Win closes £3m Series A round to fuel cocoa-free chocolate growth
Win-Win will use the case to invest in its UK team and new product lines, as well as a push into Europe
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NewsModern Baker secures £2.5m investment for healthy UPF mission
The funding from the Series A round will support the next stage of the company’s six-year mission as it rolls out new products in biscuits, sweet bakery, breakfast cereals, ready meals and beverages
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NewsB&M shares sink to all-time low as investors worry about growth prospects
B&M shares plunged to an all-time low this week despite the discounter returning to growth in the UK for the first time in more than a year
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NewsOcado Group focused on moving to positive cashflow after ‘strong’ first half
Ocado Group has delivered a ‘strong’ first-half performance as revenues increased 13.2% to £674m and underlying adjusted profits almost doubled
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NewsMcBride shares tank on worries own-label boom has peaked
Shares in McBride have tumbled as the household cleaning product manufacturer warned of a potential slowdown in the booming demand for own label in supermarkets
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NewsOatsu to get Channel 4 TV ad as founder triumphs at ‘Small Business, Big Break’ competition
The challenger overnight oats brand will take a share, along with two other winners, of a marketing package worth more than £300k
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NewsSurprise jump for UK inflation as food prices continue ‘concerning’ rise
Food prices have climbed for the third month in a row, reaching their highest level for more than a year
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NewsCompleat Food Group acquires sandwich filling maker Freshpak
The acquisition – for an undisclosed sum – gives The Compleat Food Group new capabilities in egg processing
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NewsNurture Brands teams up with FareShare to help with cost of living crisis
Nurture said its decision to focus on a domestic charity was fuelled by the ongoing cost of living crisis
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NewsKraft Heinz weighs separation of groceries and condiments
One option on the table is a separation of the groceries part of its portfolio from the sauces and condiments operation
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NewsFerrero agrees $3.1bn takeover of WK Kellogg Co
The group said Kellogg’s range of cereal brands, including Frosted Flakes, Froot Loops, Special K and Rice Krispies, were ‘highly complementary’ to its offering
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NewsShoppers avoid the high street during heatwave
Total UK footfall decreased by 1.8% in June, compared with a 1.7% fall in May
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NewsLavazza warns EDR will be ‘very tough’ for coffee producers
The Italian coffee giant’s chairman Guiseppe Lavazza said the European Deforestation Regulation would lead to tight supply and price hikes
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NewsAG Barr strikes deal with Thomas ‘Hal’ Robson-Kanu to partner with The Turmeric Co
AG Barr’s deal with The Turmeric Co will support the former Wales footballer’s ambitious plans to supercharge growth in the healthier drinks category
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NewsThe Tofoo Co defies plant-based decline in record year
Revenues at the business jumped 18% to £23.9m in 2024 on the back of a 17% rise in volumes as tofu and tempeh bucked wider declines in the meat-free category