All articles by Ed Devlin – Page 107
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NewsMedia Bites 29 April: Sainsbury’s, WH Smith, Nestle, Reckitt Benckiser
A busy morning for food and drink in the papers, with Sainsbury’s annual results in focus.
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NewsSupermarket price war drives down food prices for first time since 2017
Food prices have fallen for the first time in more than four years as supermarkets continued to slug it out in a bid to win shoppers, according to the latest figure from the British Retail Consortium and NielsenIQ.
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NewsMondelez sees sweet sales rise as shoppers continue to stock up on Cadbury and Oreo
Mondelez net revenues in the first quarter of 2021 jumped 7.9% to $7.2bn, with shoppers in Europe and Asia buying more of its brands, including the likes of Oreo, Belvita, Milka and Toblerone.
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NewsThe British Snack Co hits crowdfunding target as it prepares for lockdown easing
The company turned to the crowd to raise money to continue growing the sales channels, win new customers and prepare for the reopening of pubs, bars and cafes as lockdown eases.
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NewsSainsbury’s slumps to a loss despite surging revenues amid pandemic
Underlying pre-tax profits at the group slumped 39% to £356m in the year ended 6 March 2021, despite a 7.3% jump in retail sales to £28.8bn
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NewsCity snapshot: Sainsbury’s slumps to a loss despite surging revenues
Sainsbury’s has plunged into the red after £485m of Covid-related costs and £600m-plus of restructuring charges for its Argos transformation programme more than offset a surge in revenues over the past year. Plus, on a busy morning, trading updates from Reckitt Benckiser, Carlsberg and Nichols; Deliveroo appoints two non-execs; and the latest shop prices index from the BRC and Nielsen.
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NewsUnilever boosts health and wellness exposure by buying sports nutrition brand Onnit
Onnit produces a range of supplements for improved cognitive function, mood and relaxation, gut health and immunity support
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NewsMedia Bites 27 April: Pepco, inflation, Nestlé
Discount chain Pepco will float in Warsaw rather than London as it outlined plans to open thousands of new stores across Europe and appointed City grandee Richard Burrows as chair.
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NewsTate & Lyle explores break up with sweetener division sale
Tate & Lyle is exploring selling a controlling stake in its ‘primary products’ business to “a new long-term financial partner”.
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NewsCity snapshot: Poundland owner Pepco to float in Poland
Poundland owner Pepco has this morning confirmed its intention to float on the Warsaw Stock Exchange in Poland. Plus, former Post Office head Paula Vennells resigns from Morrisons’ board; Tate & Lyle confirms it is exploring breaking up the group; recipe box provider Gousto turns a profit for the first time and Nestlé in discussions to acquire The Bountiful Company.
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NewsBeau’s secures £400k to bring vegan ice cream to wider audience
Plant-based ice cream start-up Beau’s has netted a £400k investment to open a manufacturing facility and launch a subscription service.
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Analysis & FeaturesHow does Leon fit into Zubin and Mohser Issa’s master plan?
The restaurant brand suits forecourts but not Asda, say analysts
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NewsThe Hut Group strengthens snacking capability with £43m Brighter Foods deal
The acquisition allows THG to bring more snacking manufacturing in-house, reducing lead times for NPD launches “significantly”
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NewsMedia Bites 22 April: Uber Eats, Heineken, Amazon
Uber Eats will launch in Germany for the first time over the next few weeks, starting in Berlin, in its biggest entry to a new country since 2018.
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NewsCity snapshot: Solid start for Heineken as strong growth in Africa makes up for Covid hit in Europe
Heineken has reported a “solid” start to the year with profits growing despite trade in Europe continuing to be hit by lockdowns. Plus, Coca-Cola European Partners changes its name following approval for its acquisition of Asia-Pacific Coke bottle Coca-Cola Amatil.
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NewsMultivitamin startup Feel secures £4.5m investment to fuel growth
Founded by Boris Hodakel in late 2019, the business has grown rapidly in its first year, with active subscriptions for its range of all-natural multivitamins and omega 3 and immunity-boosting supplements exceeding 21,000.
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NewsMedia Bites 20 April: Coca-Cola, Tesco, Oatly
Coca-Cola’s sales rebounded in the first three months of the year as accelerating Covid-19 vaccinations and a rollback in restrictions on restaurants and bars renewed demand for its fizzy drinks.
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NewsCity snapshot: EG Group swoop for Leon
Petrol forecourt giant EG Group has swooped for restaurant chain Leon as it seeks to grow its non-fuel offering and expand the foodservice operation into healthy fast food. Plus, C&C subsidiary Matthew Clark Bibendum hit by cyber-security incident.
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NewsGail’s owner Bread Holdings benefits from quality demand
Shopper demand for better-quality bread in supermarkets during lockdown has helped the premium bakery group behind Gail’s offset some of the sales losses incurred in the pandemic
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NewsDiageo expands RTD portfolio with Loyal 9 deal
Launched in 2018 in Rhode Island, Loyal 9’s vodka-based RTD canned cocktails are produced with 100% real fruit and use a lemonade base.