All articles by Ed Devlin – Page 145
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NewsCity snapshot: Growth accelerates in the second half for Danone
Accelerating growth in the second half helped French food giant Danone hike like-for-like sales by 2.5% to €24.7bn in 2017. Plus, Coca-Cola European Partners said it had beaten expectations in the first full year since its formation, but strong growth of Coke Zero was offset by decline in its other trademark brands.
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NewsMedia Bites 15 February: Tesco/Booker, Danone, Coca-Cola HBC, Tangerine Confectionery
An activist US hedge fund trying to push Tesco to pay more for Booker claims that a growing number of shareholders supports its position.
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NewsNestlé misses growth expectations as sales falter in fourth quarter
Full-year profits at Nestlé slumped as sales growth at the Swiss food giant came in below expectations after a sluggish fourth quarter
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NewsSHS Group acquires Meridian and Rocks owner 3V Natural Foods
Northern Irish consumer goods company SHS Group has acquired a majority stake in nut butter brand Meridian to add to its growing portfolio of brands, as tipped by The Grocer last month.
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NewsNestlé acquires plant-based brand Terrafertil
Nestlé has made further strides into the plant-based food sector with the acquisition of a majority stake in Latin American brand Terrafertil, which has a growing presence in the UK health market.
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NewsMedia Bites 12 February: Unilever, Tesco, Morrisons, 2 Sisters
Unilever creates waves this morning after threatening to pull marketing spend from platforms failing to tackle fake news, protect children, promote hate or create division in society. And a secret plan by Tesco to launch a discount chain dominates the weekend papers.
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NewsCity snapshot: Tesco plots launch of discount chain to rival Aldi and Lidl
Tesco is hatching a secret plan to launch a new discount chain in an attempt to level the playing field with Aldi and Lidl, it is understood. Plus, Heineken full-year organic revenues increase 5% to €21.9bn as momentum from the first half continued into the second and its flagship brand put in one of its best performances for year; and Nestle acquires a majority stake in Terrafertil, a company selling natural, organic, plant-based foods and healthy snacks.
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NewsG Simmons & Sons scores funding to meet pork scratchings demand
Pork scratchings manufacturer G Simmons & Sons has secured a six-figure bank funding package to help it expand operations to meet surging demand for its products.
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NewsArla invests in organic with Yeo Valley dairy business deal
Arla Foods has acquired the licence for Yeo Valley’s milk, cheese and spreads division in a “multimillion-pound” deal…
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NewsSainsbury's and Euro Garages terminate forecourt franchise deal
Companies have mutually agreed to end nine-store trial after two years.
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NewsWell & Truly seals £400k funding to aid growth
Healthy snacking startup Well & Truly has bagged £400k in capital from female-focused funding network AllBright
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NewsJust Eat rival Appetise woos crowd for £500k
Online takeaway service Appetise has turned to the crowd to raise £500,000 for a battle against Just Eat
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NewsMedia Bites 8 February: Carlsberg, Poundland, Tesco
It is a quiet morning in the papers in terms of grocery and fmcg news, with Carlsberg in the spotlight following its annual results and Poundland gaining publicity after its Christmas advert was banned by the ASA.
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NewsArla swoops for Yeo Valley dairy business to tap organic boom
Farmer-owned Arla Foods has agreed to acquire the Yeo Valley dairy business as it seeks to cash in on growing consumer demand for organic produce.
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NewsMedia Bites 7 February: Ocado, Tesco, inflation
Ocado was firmly in focus today after it slipped back into the red, warned of a squeeze on futures profits and revealed plans for a £150m share placing, while the abandoned Tesco trial also merited plenty of column inches. Tesco is also facing the largest ever equal pay challenge in UK history.
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NewsRussian woes hit Carlsberg profits in 2017
Full-year profits at Carlsberg took a hit as sales and volumes were held back by a change in the law in Russia restricting the size of plastic beer bottles.
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NewsQuorn sales hit record levels as meat-free demand soars
Soaring demand for a meat-free diet has fuelled a 16% jump in sales at Quorn in 2017 to a record £205m. The business said the rise in vegan and flexitarian lifestyles helped drive the global growth.
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NewsEuro Garages reveals US ambition with $2.2bn acquisition of Kroger convenience store network
Petrol forecourt operator Euro Garages has snapped up the 800 strong convenience store network of retail giant Kroger for $2.2bn to gain access to the world’s largest fuel convenience market for the first time.
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NewsFood & drink M&A already building on value spikes of 2017
A flurry of sizeable food and drink deals in the first weeks of 2018 is building on the momentum of last year, which saw a sharp spike in values driven by mega-deals involving FTSE 100 giants Tesco, Reckitt Benckiser and Unilever.