All articles by Ed Devlin – Page 101
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NewsCity Snapshot: Premier Foods suffers declines as shoppers eat out once more
Revenues and profits have fallen at Premier Foods as the group lapped figures from a year ago when demand was elevated during the ongoing lockdown. Plus, the latest NielsenIQ grocery data, full-year results at Imperial Brands, new growth ambitions at Diageo and interim CFO appointment at Domino’s.
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NewsOatly shares crash as supply chain challenges lead to revenue warning at plant-based brand
Oatly has warned its growth will not hit the heights expected this year as the group suffered from a number of issues, including the UK HGV driver shortage
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NewsHeineken to move into wine and spirits with €4bn southern African play
The Dutch brewer has unveiled plans to form a €4bn African drinks giant with the takeover of Distell and Namibia Breweries
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NewsCity Snapshot: Ahold Delhaize to spin out Dutch Amazon rival in subsidiary IPO
Supermarket chain Ahold Delhaize has unveiled plans to spin off its €5.5bn Dutch online retail business Bol.com in a subsidiary IPO. Plus, Eagle Eye extends Asda Rewards loyalty programme into more stores.
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NewsMedia Bites 15 November: Boots, Johnson & Johnson, THG, M&S
Speculation is building around a potential sale of Boots, while under pressure THG remains in the spotlight.
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NewsNomadic Dairy acquired by Irish investors in €29m deal
BiaVest will hold 54% of the County Donegal-based producer, while Development Capital have taken the remaining share.
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NewsMedia Bites 11 November: M&S, Walkers, US inflation, JD Wetherspoon
M&S was firmly in focus this morning after it lifted profit forecasts in an upbeat set of half-year results.
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NewsGlanbia exits milk category to focus on core business
Glanbia is set to exit the dairy sector to focus on growing its core ingredients and nutrition divisions after agreeing a deal to sell its 40% stake in Ireland’s biggest milk processor.
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NewsCity Snapshot: M&S lifts profits forecast as turnaround picks up pace
Marks & Spencer has upgraded its expectations for the year for the second time as its sales and profits leapt ahead of pre-pandemic figures.
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NewsFeragaia secures backing from Danish billionaire Anders Povlsen
Based in Fife, the business was founded in 2019 by Jamie Wild and Bill Garnock, formerly of Pernod Ricard and Edrington Americas respectively.
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NewsFodaBox attracts multimillion-pound PE investment
Logistical services provider FodaBox has secured £2.1m in private equity backing to help expand the business.
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NewsMedia Bites 9 November: THG, Coca-Cola, retail sales
The City’s financial watchdog is understood to be reviewing trading volumes in THG after comments made by boss Matt Moulding last week during trading hours could have been interpreted as market-sensitive information.
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NewsCMA launches investigation into Ranjit Boparan’s acquisition of Banham Poultry
The founder of 2 Sisters Food Group struck an agreement to acquire the Norfolk-based chicken processor through his private family office last month
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NewsCity Snapshot: Cake Box profits boom as it grows estate
Profits have more than doubled at Cake Box as customers flooded back to its stores after the end of lockdown.
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NewsTunnock’s profits crash after missing pandemic biscuit boom
The business ceased production at its Uddingston factory in South Lanarkshire on 24 March 2020 for six weeks.
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NewsGood Club plans bigger £6m raise for zero-waste push after bagging £1m from the crowd
The business intends to use the cash to grow its range of products in reusable packaging to 50% of total sales, up from 23% currently.
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NewsMedia Bites 5 November: Sainsbury’s, M&S, BoE
The papers focus on the latest Sainsbury’s results and the Bank of England’s decision to hold interest rates.
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NewsFuture Farm seals £42m funding round to extend into plant-based drinks
The business, which launched in the UK in January 2020, is now valued at more than $400m and growing at 960% a year in Europe.
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NewsMedia Bites 4 November: Labour shortages, Pets at Home, EG Group, John Lewis
The UK poultry industry expects to take up only about half of the 5,500 emergency visas announced by the government ahead of Christmas, after turkey farms cut production and recruited some workers locally.
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NewsEG Group expands US empire with Sprint acquisition
The deal – for a reported $300m – pushes the Blackburn-headquartered group into two new states taking its presence in the US to more than 1,750 sites across 33 states.