All articles by Ed Devlin – Page 124
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NewsMedia Bites 10 August: Tate & Lyle, WH Smith, M&S/Ocado
Brexit backers Tate & Lyle are set to gain £73m from end of EU trade tariffs
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NewsCapital Cooling Refrigeration sold in pre-pack administration as Covid-19 chills business
Scotland-headquartered Capital Cooling Refrigeration was unsuccessful in its attempts to secure government support following financial difficulty caused by the pandemic
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NewsBaxters expands into chilled foods with Orexis acquisition
The Edinburgh-headquartered group completed the acquisition of Orexis Fresh Foods for an undisclosed price this month
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NewsWeetabix sales boost not enough to offset foodservice slump at owner Post
A third-quarter bump in sales was not enough to keep Post Holdings in growth
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Analysis & FeaturesWith negotiations back on after lockdown, what now for Walmart’s sale of Asda?
Walmart has restarted talks with a number of third-party investors
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NewsNomad Foods on the acquisition trail as frozen sales soar in wake of coronavirus
Reported revenues jumped 11.4% to €599m (£541m) in the second quarter of 202
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NewsSamworth Brothers picks up Urban Eat sandwich brand from collapsed Adelie
The brand was sold to Samworth for £6.4m, following Adelie appointing Deloitte as administrator on 26 May
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NewsMedia Bites 7 August: Diageo, Hammerson, M&S/Ocado
Diageo has locked horns with LVMH, the world’s biggest luxury goods firm, over an unpaid dividend
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NewsCity snapshot: Footfall slowly returning to Britain’s shops and centres
Shoppers are slowly making their way back to the high street as pubs, cafes and restaurants reopen
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NewsLucozade Ribena Suntory shifts to its drink-later portfolio to offset Covid-19 trading hit
The dramatic collapse in footfall on the high street depressed demand for impulse soft drink purchases with consumers stuck at home
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NewsMedia Bites 6 August: M&S/Ocado, WH Smith, Morrisons
Marks & Spencer is undertaking a huge operation aimed at hanging on to Ocado customers when it replaces Waitrose as the online grocery company’s supplier next month.
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NewsProfits lose fizz at Coke bottler Coca-Cola HBC during lockdown
Profits went flat at Coca-Cola HBC as the world went into lockdown, but the fizzy drink bottler reported “encouraging” signs as markets reopened.
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NewsMedia Bites 4 Aug: Eat Out To Help Out, Heineken, Hammerson
British high streets received a boost from the launch of the government-backed discount dining scheme on Monday
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NewsHeineken profits plunge as UK pub network closes
Profits at Heineken have fallen off a cliff as the brewer’s high exposure to the pub trade in the UK led to lower volumes and higher costs during the coronavirus lockdown.
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NewsCracker Drinks Co uses Future Fund to help surge past funding target
Craft soft drink business Cracker Drinks Co has smashed its £250k crowdfunding target within six hours of launching, thanks to help from the government’s coronavirus SME growth scheme.
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NewsAt-home demand helps Quorn offset foodservice shutdown
A spike in demand from supermarket shoppers has helped meat-free brand Quorn offset a collapse in its foodservice business throughout the Covid-19 crisis.
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NewsBrits’ alcohol intake almost cut in half despite in-store sales surge
With social occasions in decline thanks to coronavirus, Brits have been drinking less
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NewsWaitrose could close stores in John Lewis digital-first strategy move
Chairman Sharon White updated staff on the strategic plans today
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NewsCity snapshot: Lockdown stockpiling boosts Nestlé’s first half sales
Panic buying in March has helped Nestlé to a stronger-than-expected start to the year as consumers turned to trusted brands during the coronavirus outbreak. Plus, on the busy morning, updates from AB InBev, Danone, Compass Group, Casino and all the rest of the latest news from the City.
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NewsMondelez buoyed by home market as coronavirus hits sales
Strong demand in its North American home markets offset declines in emerging markets and Europe