All articles by Ed Devlin – Page 151
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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.
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NewsCity snapshot: WH Smith travel division fuels Christmas growth as high street continues to decline
The WH Smith travel division continued to grow from strength to strength over the Christmas period as sales at the retailer’s high street stores continued to decline. Plus, Hotel Chocolat records 15% sales growth over Christmas; and Fever-Tree once again expects full-year profits to be “comfortably” ahead of expectations after another year of soaring sales.
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NewsPalmer & Harvey creditors owed more than £700m, PwC report reveals
Creditors of Palmer & Harvey are facing losses of more than £700m following the collapse of the wholesaler late last year, a report by administrator PwC, seen by The Grocer, has revealed.
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Analysis & FeaturesGoodfella's sale plots new course for 2 Sisters
2 Sisters’ dastardly plot to corrupt MPs with a packet of biscuits may have caused some embarrassing headlines this week, but the sale of its Goodfella’s pizza brand to Nomad is a genuinely significant moment in the evolution of the UK’s second-largest food business.
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NewsSHS Group tipped to be closing in on Meridian
Nut butter brand Meridian is close to a £50m takeover, with SHS Group poised to win the highly competitive auction.
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NewsPremier Foods boosted by non-branded, discounter sales
More evidence has emerged that Premier is tapping into discounter growth to boost sales…
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NewsSymington's recovery on track following drive to reduce costs
Symington’s is back into the black as a turnaround strategy has started to yield results…