All articles by Ed Devlin – Page 146
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NewsMedia Bites 1 February: M&S, Coca-Cola, Britvic, Dairy Crest, Mondelez
Further restructuring at Marks & Spencer as the high street bellwether continues to attempt to turnaround the business is under the media spotlight today.
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NewsUnilever navigates 'challenging' conditions to boost top and bottom lines
Consumer goods giant Unilever has increased full-year sales and profits despite operating in “challenging” market conditions in 2017.
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NewsMedia Bites 31 January: McDonald's, PZ Cussons, Dr Pepper Snapple
Earnings update at McDonald’s in focus this morning, along with troubles for Imperial Leather owner PZ Cussons.
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NewsCity snapshot: Britvic sales held back by 6.6% slump in Robinsons and stills division
Britvic has increased revenues in the first quarter by 3.3% to £337.2m as Pepsi Max helped its carbonates division outperform the soft drinks market in the UK, but sales of its range of still products slumped again. Plus, Dairy Crest sales up 7% in the first nine month of its financial year as all its brands perform well. And Raisio to enter talks with 115 staff and also considers sale of feed business as turnaround attempts continue.
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NewsKeurig Green Mountain swallows Dr Pepper Snapple for $19bn in biggest ever soft drinks deal
Consumer group JAB Holding has agreed to acquire Dr Pepper Snapple for almost $19bn (£13.5bn) to merge the soft drinks giant with its own Keurig Green Mountain coffee business.
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Media Bites 30 January: Dr Pepper, Conviviality, Amazon
Consumer group JAB Holding has agreed to pay $18.7bn in cash to acquire Dr Pepper Snapple and put it together with its Keurig Green Mountain coffee business to create a US beverage giant with annual revenues of $11bn.
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NewsCity snapshot: Greencore sales rocket on UK food-to-go boom and US volume pick-up
Revenues at Greencore have leapt 54% to £640.5m in its first quarter thanks to booming food-to-go sales in the UK and a jump in US volumes. Plus, profits at PZ Cussons sank in the first half as margins were squeezed on tough trading in Africa and Europe, with the UK proving particularly difficult as shoppers spend cautiously.
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NewsYoung's Seafood returns to sales growth but profits still in decline
Profits have continued to decline at Young’s Seafood despite its sales returning to growth in the year to 30 September 2017.
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NewsFairfields Farm bags crisps and popcorn brand Ten Acre
Potato grower Fairfields Farm has taken over crisps and popcorn manufacturer Ten Acre as it plans to ramp up expansion overseas.
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NewsCrowdfunding: hunger for food and drink business on the rise
Crowdfunding appetite for food and drink startups was undiminished in 2017, according to figures from Crowdcube
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NewsMedia Bites 26 January: Diageo, Halo Top, plastic, Walmart, Greene King
Diageo was in focus yesterday as the drinks giant published its half-year figures.
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NewsCity snapshot: Ten Acre snapped up by Fairfields Farm
Premium snack brand Ten Acre has been acquired by fellow crisps manufacturer Fairfields Farm, The Grocer can reveal this morning.
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NewsWheyhey raises £3m from industry big beasts to battle rivals
High-protein ice cream brand Wheyhey has raised £3m in a funding round backed by food & drink heavyweights
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NewsJames Gilks and Oliver Pinkus join Piccolo babyfood brand
Gilks and Pinkus join as head of UK sales and head of international sales respectively
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NewsMedia Bites 25 January: WH Smith, Fever-Tree, Hotel Chocolat, Tesco, M&S
Trading updates from WH Smith, Hotel Chocolat and Fever-Tree kept the papers busy yesterday.
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NewsCity snapshot: Gin boom in the UK boosts Diageo in the first half
Britons thirst for gin has helped Diageo to report better-than-expected growth in its first half as Tanqueray gained market share in the growing category and Gordon’s benefitted from the launch of its Pink variant. Plus, Greene King echoed the weather woes of rival pub group Marston’s as its Christmas and New Year sales were disrupted by snow.
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NewsSweet Christmas for Hotel Chocolat
Luxury chocolatier Hotel Chocolat has reported a sweet Christmas trading period as sales recorded a double-digit rise in the 13 weeks to 31 December.
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NewsFrank Field MP blasts accounting 'deficiencies' at Palmer & Harvey
The chairman of the House of Commons’ work and pensions committee has blasted the management and auditors of Palmer & Harvey after a report by administrators revealed the failed wholesaler significantly understated its losses in the 2015/16 financial year.
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NewsP&H understated losses by £12.1m in 2015/16, administrators' report reveals
Palmer & Harvey significantly understated the extent of its losses in the 2015/16 financial year after a series of “omissions” and “misstatements”, according to a report into the collapse of the wholesaler by PwC.
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NewsMedia Bites 24 January: Palmer & Harvey, Sainsbury's, P&G, SSP, Carrefour
The Guardian has followed up The Grocer’s scoop that Palmer & Harvey collapsed with debts of more than £700m. Plus, the latest proposed job cuts at Sainsbury’s fall under the media glare.