All articles by Ed Devlin – Page 11
-
NewsCity snapshot: Eagle Eye confident of hitting £100m revenue goal
Eagle Eye is aiming to propel revenues towards £100m following a reset of the business to focus more on its software as a service operation
-
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
-
NewsCity snapshot: Economy shrinks unexpectedly ahead of spring Budget
The UK economy contracted unexpectedly in January, dealing Chancellor Rachel Reeves a blow ahead of the crucial spring budget later this month
-
NewsFood & drink deal activity bounces back to five-year high in 2024
Dealmakers are confident momentum in the food & drink M&A market is set to ramp up in 2025 after activity in the industry recovered to a five-year high in 2024
-
NewsStaff miss out on bonus as profits triple at John Lewis Partnership
Profits have tripled at the John Lewis Partnership as the retail group made ‘solid’ progress on its turnaround but staff still missed out on a bonus for the third year in a row
-
NewsCérélia admits CMA defeat and sells Jus-Rol to private equity
London-based Rinkelberg Capital acquired the Jus-Rol business from the French bakery giant after numerous appeals by the group to overturn the CMA’s order to unwind the deal fell flat
-
NewsValentine’s Day lifts food sales in February
Food sales received a Valentine’s Day boost in February but growth remained muted and volumes declined, according to new data released this morning
-
NewsMedia Bites 10 March: Boots, John Lewis Partnership, Asda, WH Smith, EG Group
The headlines and column inches in this weekend’s papers are dominated by the fallout from the takeover agreement of Walgreens Boots Alliance and what it means for the UK pharmacy chain Boots
-
NewsCity snapshot: Deliveroo to exit lossmaking Hong Kong business
Deliveroo is planning to exit its lossmaking Hong Kong operations via a sale of some of the assets to Delivery Hero’s Foodpanda and closure of other parts of the business
-
NewsWalgreens Boots Alliance agrees to $10bn private equity takeover
Boots owner Walgreens Boots Alliance has agreed to a $10bn takeover offer from private equity firm Sycamore Partners, bringing the pharmacy giant’s time as a public company to an end
-
NewsCity snapshot: Footfall recovery stutters in February
Retail footfall continued its recovery in February, but growth in shopper numbers slowed dramatically after the new year bounce, according to new data released this morning
-
NewsMission targets growth after securing investment from F1 driver Pierre Gasly
Tea challenger Mission is gearing up for further growth after extending its fundraising round to a total of £2m and securing investment from F1 driver Pierre Gasly
-
NewsOlive oil brand Citizens of Soil raises £1.8m to push growth
The brand plans to use the capital injection to launch new products, expand the senior leadership team and turn on the marketing tap to boost brand awareness
-
NewsGrubby set to relaunch Allplants ready meals range thanks to IP deal
Vegan recipe kit brand Grubby is preparing to relaunch the Allplants range of plant-based meals after swooping to pick up the exclusive rights to the failed company’s recipes and manufacturing methods
-
NewsElla’s Kitchen sees 17-year run of unbroken sales growth come to an end
Revenues at Ella’s Kitchen have declined as branded babyfood pouches came under increased pressure from own label as parents looked to save money
-
NewsPromotions keep shoppers spending but Asda woes continue
Promotions at supermarkets have kept food inflation in check in February as spending on deals rose again last month, according to the latest data out this morning from Kantar
-
NewsBakkavor delivers strong results despite strike disruption
Bakkavor has outperformed expectations as the prepared food business grew volumes ahead of the market in the UK
-
NewsCity snapshot: Sainsbury’s set to return £250m to shareholders as deal for Argos credit card progresses
Sainsbury’s is on track with plans to return £250m to shareholders as the £720m sale of the Argos Financial Services card portfolio progresses
-
NewsCity snapshot: Business confidence rebounds in February
Business confidence turned positive in February, bouncing back to a post-election high, according to a survey out this morning
-
NewsNew Unilever boss Fernando Fernandez set to offload Marmite and other food brands
The surprise departure of Unilever CEO Hein Schumacher this week is likely to speed up a sell-off of non-core brands such as Marmite and put the prospect of transformational M&A back on the table, according to industry experts