All articles by Ed Devlin – Page 14
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NewsMorrisons turnaround gathers momentum to end the year on a high
Morrisons has delivered its strongest quarter for almost four years following a year of ‘urgent reinvigoration and positive progress’
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NewsVirgin Wines raises a glass to ‘highly encouraging’ Christmas
Revenues increased 6.7% year on year over the six weeks to 27 December, with sales over the month as a whole up 9% compared with December 2023. The DTC wine retailer said it was the highest level seen since the peak period during the Covid lockdowns
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NewsSSP Group maintains guidance following ‘good’ start to new financial year
A recovery at SSP Group has continued to gather momentum, benefiting from strong growth in the travel industry around the world and fewer strike days on the railways in the UK
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NewsPets at Home sales hit by weak footfall in ‘golden quarter’
Revenues at Pets at Home have fallen in the ‘golden quarter’ as the challenging consumer environment led to fewer customers visiting stores
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NewsVegan Food Group strengthens board with UK MD and CFO
The Vegan Food Group has strengthened its board with the creation of a new UK managing director role and the appointment of a new CFO
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NewsImpossibrew smashes crowdfunding campaign to raise more than £1m
The brand uses natural nootropics and adaptogens to create a 0.5% beer that gives drinkers a ‘one or two pints feeling minus the downsides’
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NewsProfit warnings ramp up across retailers in ‘golden quarter'
Profit warnings at UK retailers ramped up in the final ‘golden quarter’ of the year as consumer confidence remained under pressure
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NewsCity snapshot: WH Smith confirms high street sell-off talks, while Diageo rules out Guinness sale
WH Smith is exploring a potential sale of its high street stores in a bid to become a pure-play travel business, and Diageo rules out a sale of Guinness
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NewsWH Smith explores sale of high street division
WH Smith is in talks to sell off its high street retail operation to focus exclusively on the growing travel division of stores in airports and railway stations
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NewsCity snapshot: Consumer confidence sinks and more businesses teeter on the edge of collapse
Confidence in the UK economy has plummeted as consumers worry about ‘dark days’ ahead, according to a closely watched survey out this morning. Plus, there has been a ‘worrying surge’ in the number of UK businesses entering ‘critical’ financial distress in the final quarter of 2024
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NewsInnovatus and Babco merge to create spirits ‘powerhouse’
The combined company offers a broader range in its premium portfolio, bringing together Horse Guards Gin, Barentsz Gin, Pedrino Spritz and Wing Walker Rum (Innovatus) and Neptune Rum and Tofka toffee vodka (Babco)
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NewsSurya and Veetee hire advisors to explore strategic options
The Grocer has learned Surya engaged Grant Thornton and Veetee hired Goldman Sachs last year
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NewsBramble Foods acquires Whitakers to expand chocolate offering
The strategic move strengthened the Bramble Foods offering, uniting two family-owned brands with ‘a shared commitment to quality and heritage’, the group said
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NewsFood & drink deals boosted by budget tax worries in 2024
M&A activity in food & drink picked up significantly in 2024, with volumes driven higher in October as businesses raced to push through deals ahead of anticipated budget tax hikes by Rachel Reeves
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NewsTHG predicts growth in 2025 following Ingenuity demerger
Sales at THG have fallen in the final quarter of 2024 as the group completed its demerger of the Ingenuity platform
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NewsCranswick celebrates record Christmas as shoppers go premium
The meat processor said its premium value-added products performed ‘extremely well’ in the 13 weeks to 28 December
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NewsDoughboys Pizza offers 10% slice to Peter Jones on Dragons’ Den
Doughboys Pizza is ready to expand its supermarket presence after walking out of Dragons’ Den with the backing of Peter Jones
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NewsCity snapshot: Higher palm oil prices drive profits performance at MP Evans
MP Evans is set to report “strong” results for 2024 thanks to a boost to palm oil prices during the year. Plus, Poundland set for radical restructure and Britvic shares cease trading on London Stock Exchange. And this week’s City diary
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NewsCity Snapshot: McBride shares soars as dividend reinstated on strong trading performance
Shares in McBride have surged this morning as the own-label household cleaning products supplier guided for a continued improvement in profitability and higher revenues. Plus, ONS retail sales data for December and Aldi reveals London expansion
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NewsSupermarkets suffer ‘a very poor month’ in December: ONS
Volumes in food stores slumped by 1.9% in December, contributing to an unexpected contraction for British retail sales last month, according to the latest gloomy economic data to be released this morning