All articles by Ed Devlin – Page 107
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Comment & OpinionApollo’s bid for Sainsbury’s may be speculation, but UK grocers remain attractive investments
The market has reacted wildly to hints of a bid for Sainsbury’s. But there’s little substance to the report just yet
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NewsCity Snapshot: Sainsbury’s shares rocket on takeover speculation
Shares in Sainsbury’s have ballooned more than 9% to a three-year high after speculation emerged in the weekend papers that the supermarket group was the next target of US private equity group.
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NewsEight Fifty Food Group sales and profits rose ahead of Sofina deal
Sales and profits soared at Eight Fifty Food Group in the run-up to the takeover by Canada’s Sofina Foods as the Karro and Young’s owner benefited from Covid-fuelled demand, a growing premium offering, access to China and efficiencies.
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NewsPerkier to bulk up snack bar brand after smashing crowdfunding target
Founder Ann Perkins started the business following a long career in the food industry, including 12 years at Heinz Healthy snack bar start-up Perkier has beaten a £400k crowdfunding target in the first week of its campaign. The plant-based challenger brand has currently raised almost £470k from ...
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NewsMedia Bites 19 August: Nando’s, Philip Morris, Carlsberg
The papers examine the crisis causing chaos in the food industry supply chain.
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NewsCity Snapshot: Carlsberg upgrades profits forecasts as sales recover post-lockdown
Carslberg is the latest brewing giant to report a strong recovery throughout 2021 as pubs and bars reopened following long periods of lockdown.
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NewsJersey Hemp smashes crowdfunding round in bid to take its CBD range mainstream
CBD producer Jersey Hemp has smashed a £1.1m crowdfunding target to help fuel ambitious expansion plans.
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NewsOatly sales soar in Q2 on plant-based demand but losses widen
Oatly Group has revealed a more than 50% jump in revenues for the second quarter on the back of “growing global demand” for its range of oat-based products.
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NewsMedia Bites 17 August: Oatly, Morrisons, Post Office
Swedish oat milk maker Oatly has forecast a near two-thirds jump in annual revenues on the back of the alternative dairy boom.
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NewsSimtom Food Products calls in administrators as Covid takes toll
Indian sauces manufacturer Simtom Food Products has collapsed under the weight of disruption caused by the Covid pandemic, with almost 100 workers losing their jobs.
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NewsCity Snapshot: Heck in search for new investment partner to fuel next stage of growth
Heck has engaged advisors to help explore strategic options as the premium sausage supplier aims to continue its rapid growth. Plus, US private equity giant CD&R is widely expected to table a sweetened offer for Morrisons this week as the takeover battle for the supermarket ramps up.
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NewsFast-growing Heck hires advisors to seek investment options
Spayne Lindsay has sent an information memorandum marketing the business to potential buyers and investors
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NewsSpringvale Foods to ramp up growth with takeover of Hider Foods
Hider Foods Imports supplies delis, cafés, farm shops and garden centres with luxury food brands
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NewsMedia Bites 12 August: Deliveroo, Vectura, Pret a Manger, John Lewis
Deliveroo’s first set of results since floating on the LSE back in March catch the papers interest this morning, along with the ongoing takeover saga at Vectura.
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NewsDiageo grows agave spirits offering with Mezcal Unión deal
Drinks giant Diageo has expanded its fast-growing agave spirits range with the acquisition of Mexican mezcal brand Mezcal Unión for an undisclosed sum
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NewsHill Biscuits brings in former Pladis boss after Paul Monk steps down as chairman
Nick Bunker has previoysly held senior roles at KP Snacks and Mondelez
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NewsCity Snapshot: Deliveroo beats expectations as lockdown takeaway habits prove resilient
Deliveroo has grown ahead of expectations in 2021 as demand for the delivery service proved resilient even with Covid restrictions easing. Plus, the takeover battle for pharma company Vectura will not head into an auction after US PE suitor Carlyle refused to put in a higher bid.
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NewsInterpath Advisory appoints former Tesco director as special advisor for fmcg clients
Restructuring practice Interpath Advisory has appointed consumer market and retail specialist Christine Cross as a special advisor
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NewsMedia Bites 10 August: Deliveroo/Delivery Hero, Morrisons, Vectura
The papers are filled with news of takeover activity as Deliveroo, Morrisons and Vectura are all in focus.
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NewsDeliveroo shares hit new highs after Delivery Hero buys stake
Shares at Deliveroo have made a strong recovery today after German rival Delivery Hero grabbed a slice of the London-listed food delivery service.