All articles by Ed Devlin – Page 15
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NewsOcado rollercoaster continues as shares soar on Christmas update
Ocado shares raced 13% higher to 305p following the update on Tuesday morning, with investors most likely focusing on the FY25 guidance promising further ‘market-leading sales growth and volume momentum’
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NewsMighty Slice nets almost £1m in fresh investment as Giles Brook backs high-protein cheesecake brand
Brook invested a significant chunk of the £750k round, alongside YouTuber Willne, who has more than seven million subscribers, and Harry Hugo, co-founder of influencer marketing consultancy The Goat Agency
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NewsThe Black Farmer secures seven-figure funding package to open store in White City
Set up by Wilfred Emmanuel-Jones in 2004, the business opened its first farm shop in Brixton at the end of 2023. It is now preparing to open a second retail outlet in the former headquarters of BBC Television in White City, west London
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NewsDistil hit by spirits downturn as shoppers save cash over Christmas
Embattled spirits supplier Distil suffered a massive drop in sales in the run-up to Christmas as shoppers prioritised spending and traded down to own label
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NewsMorrisons downsizes Rathbones bakery in reversal of decision to close factory
Morrisons has handed Rathbones a last-minute reprieve, with the supermarket set to run a slimmed-down operation at the bakery rather than closing the site down
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NewsYF finalises leadership team with appointment of recruitment director
YF has appointed Sagar Bhardwaj as recruitment director as the fmcg consultancy finalises the lineup of its new leadership team
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NewsAllplants creditors owed £13m as administrators continue attempt to sell off assets
Allplants creditors are set to suffer a significant shortfall to the more than £13m owed when the vegan ready meals brand collapsed last year
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NewsTribe raises £2.4m as it launches ‘UK first’ for energy bars
Natural energy bar challenger Tribe has raised £2.4m to back the launch of a new range made using adaptogens
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NewsCity snapshot: EG Group set for $13bn New York IPO
Forecourt operator EG Group is readying a $13bn stock market flotation in the US for later this year. Plus, trading updates from Huddled and Eagle Eye
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NewsCity snapshot: Sainsbury’s offers 5% pay rise following ‘biggest-ever’ Christmas
Sainsbury’s is to reward staff with an inflation-busting pay rise after they helped the supermarket deliver its “biggest-ever” Christmas
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NewsSainsbury’s celebrates record Christmas but Argos remains a drag
Sainsbury’s premium Taste the Difference own label range outperformed rivals to help the supermarket to a record Christmas despite ongoing weakness at Argos
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NewsM&S and Tesco shares sink despite record Christmas performance
Supermarkets may be celebrating a record Christmas, but the markets remained thoroughly unimpressed by retail stocks on a busy Thursday of trading updates
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NewsNaturaw secures six-figure funding package to boost production of raw petfood brand
Raw pet food brand Naturaw has secured a six-figure growth package from the Northern Powerhouse fund as it steps up production at its Yorkshire factory
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NewsCity snapshot: Tesco and M&S celebrate a record Christmas as shoppers splash out
Tesco and Marks & Spencer have revealed strong Christmas numbers this morning as consumers splashed out on premium ranges for the big day. Plus, Christmas trading updates from Hilton Food Group, B&M Bargains and Greggs, with the latest shop price inflation data from the BRC and NielsenIQ
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NewsTesco delivers ‘biggest ever’ Christmas as shoppers splurge on Finest range
Tesco has delivered its “biggest ever” Christmas as Britain’s biggest retailer lowered festive prices and won shoppers from rivals
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NewsPromise Gluten Free owner Mayfair strikes deal for Irish brands Pat the Baker and Irish Pride
Ceres Group – the holding company for Mayfair’s consortium of baked goods businesses – agreed to take control of Azeda, the owner of Pat the Baker and Irish Pride just ahead of the Christmas break
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NewsHeavy Christmas promotions lift supermarket till roll to record highs
Supermarket sales hit a record high of £14.6bn in the three weeks leading to Christmas thanks to the highest level of promotions seen in store for three years, according to new figures released this morning
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NewsCity snapshot: Supermarket Christmas sales rally on heavy promotions
Supermarket sales rallied in the three weeks before Christmas as the mults vied to win over shoppers with heavy discounts and promotions, according to NIQ data released this morning
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NewsTyphoo Tea creditors owed £100m with PE owner taking large hit
Typhoo Tea owed creditors close to £100m at the time of its collapse late last year, with its private equity owner taking a massive hit, new documents from administrators have revealed
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NewsCity snapshot: Record Christmas for supermarkets but Asda continues to struggle
Aldi and Lidl achieved their highest-ever Christmas market share as household spending in supermarkets hit a record high this festive period, according to new data published this morning. Plus, the BRC & KPMG publish December retail sales figures and Barclays publishes consumer spending report