All articles by Ed Devlin – Page 114
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NewsBio&Me appoints chief operating officer as it readies for growth
Gut health challenger brand Bio&Me has appointed Mark Isaacson as COO as it prepares to scale the business and launch new products
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NewsCity snapshot: Profits evaporate at Vimto owner Nichols in face of Covid crisis
Vimto maker Nichols has experienced a dramatic slump in sales and profits as it faced the “unequalled challenges” presented by the Covid pandemic. Plus, fierce competition keeps food inflation in check, according to the latest BRC-Nielsen shop price index for February. There are also trading updates from DS Smith and Smiths News.
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NewsSeafood supplier Sco-Fro netted by Japan’s Nishimoto Co
Established in 1975 by founder and chairman Stanley Bernard, Sco-Fro is one the UK’s largest importers of own-label noodles and frozen sushi and surimi.
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NewsFarmison appoints KPMG to explore investment options
The Yorkshire-headquartered meat delivery firm is targeting sales of £100m with ambitious plans to continue disrupting the ind
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NewsLindt sweetens global decline with rising UK sales
A strong performance in the UK helped Lindt offset declines across the world as the coronavirus pandemic disrupted several areas of the Swiss confectionery giant’s business.
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NewsMedia Bites 2 March: Danone, Morrisons, The Restaurant Group
The board of directors of Danone has sought to calm an acrimonious public fight with activist shareholders by agreeing to split the chairman and chief executive roles now both held by Emmanuel Faber.
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NewsGrocemania reaches £100k target to fund growth into new cities
The rapid delivery service is already in London, Brighton, Nottingham and Bristol
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NewsCity snapshot: McColl’s to roll out hundreds of Morrisons Daily stores
McColl’s Retail Group has extended its wholesale supply agreement with Morrisons and is converting hundreds of stores to the supermarket’s convenience offering. Plus, Ocado has kick-started operations at its new mini customer fulfilment centre in Bristol.
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NewsCity Snapshot: Ontario Teachers explores £360m Burton’s Biscuits sale
Jammie Dodgers and Wagon Wheels maker Burton’s Biscuits is being put up for sale. Plus, Pets at Home raises profit forecast and all the rest of the latest news from the City.
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Jammie Dodgers maker Burton’s Biscuits set to be put on sale
Ontario Teachers’ Pension Plan, which bought Burton’s in 2013, has hired advisors at Stamford Partners to run the process.
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NewsGiles Brook backs eco cleaning challenger Neat with six-figure investment
Neat has eliminated single-use plastics by producing plant-based cleaning concentrates in small glass containers and refillable aluminium spray bottles
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NewsMedia Bites 25 Feb: Beer duty, Brexit, Reckitt Beckiser, EG Group
Beer duty could be cut in pubs and raised in supermarkets to encourage people to go out after the lockdown ends, Boris Johnson hinted yesterday.
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NewsCity snapshot: Record year for Reckitt Benckiser as Covid fuels demand for Dettol
A strong end to the year has helped Reckitt Benckiser register double-digit growth in 2020 as consumers turned to Dettol, Lysol and other hygiene brands to keep coronavirus at bay. Plus, EG Group strengthen board with new non-exec appointment, and Glanbia profits slump as Covid take toll on performance nutrition division.
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NewsNestlé expands DTC portfolio with acquisition of SimplyCook
The deal follows the takeover of Mindful Chef in November last year as the Swiss food giant moved to increase its exposure to the flourishing direct-to-consumer market
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NewsMedia Bites 23 Feb: Coronavirus exit plan, online sales tax, Brexit
The main news story dominating the news this morning is the details of Prime Minister Boris Johnson’s coronavirus lockdown exit plan.
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NewsCity snapshot: Finsbury Food suffers further decline as lockdown drags on
Finsbury Food Group has suffered further declines in sales and profits as the return of lockdown towards the end of 2020 halted the recovery of its foodservice business.
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NewsCheeky Panda cleans up with £2m fundraising
Eco toilet paper supplier The Cheeky Panda is raising £2m on Seedrs secondary market to help meet investor demand after a year of rapid growth.
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NewsMedia Bites 18 Feb: Danone, Total Produce/Dole Foods, British American Tobacco
A large shareholder in French consumer goods group Danone has urged its directors to oust chairman and chief executive Emmanuel Faber, halt a planned group reorganisation that he has championed, and sell underperforming brands that account for 15% of revenue.
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NewsNomad Foods reveals strong finish to 2020 as frozen gets Covid boost
In a trading update issued ahead of its annual results next week, the Birds Eye owner revealed organic revenues jumped by 9.5% in the final three months of 2020 as the Uk entered lockdown once more.
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NewsOhso Chocolate sells 75% stake in sweet investment deal
Under the umbrella of S-Ventures, Ohso will look to develop the product range, continue to grow its existing product lines and consider partnering opportunities with other major brands to use its technology.