All articles by Ed Devlin – Page 152
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NewsCity snapshot: M&S to slow food openings as profits squeezed by rising inflation
Profits crashed 18% at Marks & Spencer in the first half as its food margins were squeezed more than expected as the retailer absorbed inflation to remain competitive in the challenging grocery market. Plus, trading updates from Hilton Food Group and Kerry Group; third quarter results at Raisio and Ahold Delhaize; and C&C interim CFO given role on permanent basis
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NewsCoca-Cola European Partners Q3 sales decline despite demand for Coke Zero
Revenues Coca-Cola European Partners have fallen 1.5% to €3bn in the third quarter as the popularity of Coke Zero Sugar was not enough to make up for the decline of the trademark brands.
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NewsSomerdale profits decline as growth slows
Profits have declined at cheese exporter Somerdale International as growth slowed and currency and commodity price volatility hit the business.
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NewsCity snapshot: Profits expected to slide at Sainsbury's and M&S
Marks & Spencer and Sainsbury’s are both expected to reveal how tough trading conditions have weighed on their first-half profits later this week
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NewsMedia Bites 6 November: Nisa/Co-op, M&S, Sainsbury's, BrewDog
Nisa shopkeepers are plotting to block the £143m Co-op takeover, which faces a crucial membership vote this week, according to the weekend papers. Plus, the spotlight falls on M&S and Sainsbury’s ahead of results this week.
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NewsJaffa Cakes maker Pladis appoints former KP Snacks and Kraft exec as new UK MD
Jaffa Cakes and McVitie’s Digestives maker Pladis has appointed a new boss in the UK to take over from Jon Eggleton, who is leaving the company after 14 years to “pursue new opportunities”. Nick Bunker will take up the role of managing director for the UK & Ireland region from Monday.
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NewsTotal Produce swoops again in the US with acquisition of 50% of Fresh Connection
Listed fresh produce supplier Total Produce has acquired a 50% equity stake in California-based The Fresh Connection.
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NewsCity unmoved by an eighth consecutive quarter of like-for-like sales growth at Morrisons
Investors in supermarkets remain a tough bunch to please
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NewsThird quarter M&A dominated by scale-driven protein deals
Four key deals were led by the £1bn sell off by scandal-hit Brazilian group JBS of Northern Irish poultry processor Moy Park to US-based Pilgrim’s Pride
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NewsMedia Bites 3 November: Morrisons, Tesco, Tate & Lyle, Fever-Tree, Blue Apron
Morrisons third quarter update and a day in court for Tesco CEO Dave Lewis generate plenty of coverage in the papers today.
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NewsCity snapshot: Bakkavor pulls plug on London IPO at last minute
Bakkavor has pulled the plug on its plans to float on the London Stock Exchange, blaming current “volatility” in the IPO market
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NewsRefresco tipped to get CMA green light for Cott deal
The CMA has launched a phase one investigation of the Refresco merger with Cott…
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NewsCarlsberg drinks to cost cutting as it raises profits forecasts
The Danish brewer said in a third quarter trading update that its ‘Funding the Journey’ programme was progressing well and total benefits would be about DKK 2bn (£236m).
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NewsKraft Heinz logs first sales rise in more than two years but challenges remain
Kraft Heinz increased sales for the first time since the $100bn merger to create US food giant in 2015.
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NewsMorrisons pledges price freeze on 100 key Christmas lines
Pledge comes as Morrisons reported a 2.5% like-for-like sales increase in the third quarter of this year
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Analysis & FeaturesMorrisons third quarter sales: what the analysts say
Group like-for-like sales including fuel increased 3.4% in the period, with total sales for the quarter, excluding fuel, up 2.3%
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NewsMedia Bites 2 November: Waitrose, Sainsbury's, Iceland, recipe boxes
The media spotlight shines on the Waitrose Food and Drink Report 2017 and finds big supermarket trollies are on the decline as Britons ditch the weekly shop, while vegetarian prepared meals, juniper berries and Sicilian wine are on the rise.
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NewsCity snapshot: Morrisons recovery continues as 'price crunch' proves hit with shoppers
Morrisons recovery continued in the third quarter as like-for-like sales rose 2.5%, with its ‘price crunch’ proving popular with shoppers. Plus, Carlsberg lifts full-year profit expectations, Kraft Heinz halts declining sales with a rise in the third quarter; and profits jump 26% at Tate & Lyle in the first half.
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NewsKellogg boosts sales for first time two years
Cereal and snacking giant Kellogg has increased sales for the first time in more than two years as its cost-cutting strategy and expansion into healthier foods showed signs of beginning to work.
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NewsWooHa to expand US exports thanks to £700k funding
Scottish start-up WooHa Brewing Company is eyeing further exports in the US after securing £700,000 from an SME fund.