All articles by Ed Devlin – Page 13
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NewsGunna Drinks collapse leaves wake of angry crowd investors behind
Craft soft drinks brand Gunna has collapsed into administration, with crowd investors staring at losses of almost £4m as a result
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NewsApplied Nutrition revenues ahead of expectation following IPO
Applied Nutrition has comfortably beaten sales guidance given at the time of its IPO as the sports nutrition group published a maiden trading update
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NewsNestlé makes ‘solid’ progress on turnaround journey
Nestlé has hailed a “solid” performance in 2024, with slightly better-than-expected sales growth in the final quarter as the Kit Kat and Nescafé owner hiked the price of coffee and chocolate amid surging commodity costs
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NewsGillian Anderson's G Spot hires new exec team for UK retail growth
Functional drinks brand G Spot has appointed a new executive team to spearhead its retail expansion in UK supermarkets and overseas
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NewsElla Mills picks up Allplants before natural plant-based push
The Deliciously Ella founder has bought the Allplants brand out of administration to combine with her Plants business and act as a springboard to create a ‘natural, plant-based powerhouse’
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NewsShoppers opt for own label on worries of further price rises
Shoppers are trading down into private label to save money ahead of further anticipated price hikes in the supermarkets, according to the latest industry data out this morning
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NewsGusbourne calls off sale talks as it considers stock market delisting
English winemaker Gusbourne has called off a search for a buyer and will instead weigh up abandoning its listing on the London Stock Exchange’s junior market
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NewsCity snapshot: Retailers raided by Rachel Reeves ‘like a piggy bank’ says Stuart Machin
The boss of Marks & Spencer has accused the government of raiding retailers ‘like a piggy bank’ as the sector is hit with tax rises, wage increases and recycling levies
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NewsCity snapshot: January sales helps footfall recovery
Shopper footfall shot up in January following a dreary festive period as consumers went on the hunt for bargains
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NewsLittle’s coffee lands four investment offers on Dragons’ Den
MD Will Little settled on backing from Steven Bartlett, who took 5% of the business for his investment
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NewsOmni wins backing on Dragons’ Den for plant-based dogfood brand
Founders Guy Sandelowsky and Shiv Sivakumar agreed to a joint investment from Deborah Meaden and Steven Bartlett in return for a 2.5% equity stake, valuing the business at £3m
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NewsAsda must restore revenue growth to avoid credit derating, Moody’s warns
Chairman Allan Leighton must fix the operational issues plaguing the chain in the coming months to avoid any further declines in its credit rating
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NewsWholegood creditors facing multimillion-pound losses
Wholegood owed creditors more than £7m when founder Carl Saxton-Pizzie saved the business in a pre-pack administration just before Christmas, new documents have revealed
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NewsSteven Bartlett steps down as Huel director
Filings at Companies House confirmed Bartlett and fellow non-executive Emma Woods were no longer directors at the business
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NewsPromotions boost supermarket sales in January
Supermarkets kept shoppers spending after Christmas by offering a raft of promotions as take-home sales rose by 4.3% in January
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NewsJames Watt invests £10k in Cosi Care after Instagram pitch competition
Watt has invested £10k in the personal care startup after running a ‘pitch-in-a-comment’ competition to promote his House of Unicorns reality TV show
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NewsPooch & Mutt acquires pet gut health firm Biome9
Natural petcare brand Pooch & Mutt has expanded its offering with the acquisition of gut health testing tech firm Biome9, which is backed by Warburtons boss Jonathan Warburton and former Pets at Home CEO Peter Pritchard
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NewsMicroSalt raises £2.3m in preparation for surging demand for less salt
The low-sodium salt producer completed a multimillion-pound raise to ramp up its inventory to meet anticipated demand from snack manufacturers looking to make healthier products
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NewsCity snapshot: Ultimate Products shares crash amid weak consumer demand
Homeware group Ultimate Products is the latest consumer-facing firm to take a hit from the current challenging market conditions as revenues slide on weaker demand for general merchandise
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NewsCity snapshot: John Lewis to fall short of profit targets as Waitrose disappoints at Christmas
Disappointing Christmas sales at Waitrose are to blame for John Lewis missing profits targets over the festive season in a setback for the partnership’s ongoing turnaround