All articles by Ed Devlin – Page 111
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NewsJudith Batchelar to leave Sainsbury’s after 17 years
Batchelar is leaving the supermarket chain to “pursue a range of other interests”
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NewsDanone drafts Barry Callebaut CEO Antoine de Saint-Affrique as its new boss
De Saint-Affrique, who has led the Swiss chocolate maker and cocoa processor since 2015, will take up his new role on 15 September
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NewsMedia Bites 18 May: Hospitality, Danone, Costa Coffee
Close to a million people went back to work on Monday in more than 50,000 bars, restaurants and hotels across the UK even as business owners questioned longer term reopening plans given the rapid spread of a new Covid-19 variant.
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NewsPE house Exponent signs agreement to acquire Gü Puds
The former owner of Quorn signed an agreement last night to acquire the dessert brand from Noble Foods
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NewsCity Snapshot: Danone set to appoint Barry Callebaut boss as new CEO
French food group Danone is reportedly set to name its new CEO later today following the ousting of Emmanuel Faber earlier in the year.
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NewsCity News: Analysts react positively to THG/Softbank tie-up
Softbank has provided THG with $730m as part of a $1bn capital raising.
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NewsMedia Bites 14 May: Kellogg’s, hospitality, McDonald’s, Alibaba
Kellogg’s has promised to cut sugar in its children’s cereals by 10% and salt by 20%.
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NewsCity Snapshot: Pepco offers share at a discount in upcoming €5bn IPO
Poundland owner Pepco is has set its price in the upcoming Polish IPO at a discount, valuing the budget retail chain at $5bn (£4.3bn).
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NewsPE house Exponent leading the race to buy £150m-rated Gü
A deal valuing Gü at upwards of £150m is understood to be in the final stages and is hoped to be finalised in the coming days.
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NewsBain Capital eyes Burton’s Biscuits takeover hot on heels of Valeo deal
The Boston-based investor is among the final suitors for the UK’s second-largest biscuit manufacturer.
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NewsNourished owner Remedy Health secures $11m funding for 2021 growth push
The series A funding round values the business, founded by Melissa Snover in 2019, at almost $72m
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NewsMedia Bites 13 May: Diageo, Charles Wilson, Delivery Hero, Compass
Diageo is to return billions of pounds to shareholders on the back of higher than expected profit growth, as drinking and partying around the world bounce back from the impact of Covid-19.
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NewsCity Snapshot: Lab grown meat backer Agronomics raises £62.5m in share placing
Cultivated meat group Agronomics has raised more than £60m as investors continued to place big bets on the alternative protein market.
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Comment & OpinionWhat’s Valeo's next move with Bain Capital's big money backing?
Valeo has become an expert in snapping up undervalued business, identifying synergies and extracting maximum value
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NewsCannabrew raises £200k from the crowd to win supermarket listings for CBD beer
Elliot Horner started the Lancaster-based business in 2019 after recognising the growing trend for CBD products
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NewsMedia Bites 12 May: Morrisons, THG, Just Eat Takeaway, Deliveroo
Morrisons first-quarter results are the big news this morning in the papers.
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NewsCity Snapshot: Diageo returns to growth as markets recovery from lockdown
Drinks giant Diageo is restarting its programme to return £4.5bn to shareholders as its first-half performance benefitted from strong trading across its global markets. Plus, on a busy morning, Coca-Cola HBC updates on its Q1 performance, Marston’s names a new CEO, Compass Group reports its first-half results and Ahold Delhaize reveals Q1 figures.
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NewsHiggidy profits hit record highs during Covid lockdown
Higgidy said awareness of the brand had grown while consumers were working from home
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NewsMedia Bites 11 May: THG, Greggs, Hotel Chocolat, Waitrose
The Hut Group is in focus this morning in the papers, alongside a flurry of other food and drink news.
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NewsCity Snapshot: “Encouraging” start for Morrisons but sales growth slows in Q1
Growth has slowed at Morrisons in its first quarter as society began to reopen and the supermarket started to lap its own figures from last year when panic-buying was in full force during the first national lockdown. Plus, Q1 figures from Coca-Cola Europacific Partners, THG acquire US beauty product manufacturer, the latest retail sales data from BRC-KPMG and the latest spending report from Barclaycard.