All articles by Ed Devlin – Page 152
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NewsMedia Bites 18 January: Nomad/Goodfella's, 2 Sisters, Walmart
The sale of Goodfella’s Pizza to Nomad Foods generates column inches this morning, alongside news that Ranjit Boparan has had his wrist slapped after being accused of sending unsolicited gifts to the MPs investigating his 2 Sisters food company’s recent poultry safety scandal.
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NewsCity snapshot: Low sugar prices hold back sales at ABF
Currency tailwinds have boosted revenues at Associated British Foods in the past quarter, but a slump in the sugar business dragged on the Primark owner in the Christmas period. Plus, a (very short) maiden trading update from Bakkavor; Finsbury Food gets back on track in first half; and Science in Sport becomes the official sports nutrition partner of Manchester United
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NewsBirds Eye owner Nomad swoops for Goodfella's Pizza in £200m deal
Birds Eye owner Nomad Foods has agreed to acquire Goodfella’s Pizza from 2 Sisters Food Group for €225m (£199m) to expand its frozen food empire.
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NewsLindt boosted by UK performance as group sales pass 4bn Swiss Francs for first time
A particularly strong performance in the UK has helped propel sales at Lindt & Sprüngli to more than CHF 4bn Swiss francs (£3bn) for the first time in its 175-history.
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NewsTate & Lyle CFO Nick Hampton to take over top role from Javed Ahmed
Nick Hampton succeeds Javed Ahmed who, having served as chief executive since October 2009, will step down from the role and the board to retire on 1 April.
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NewsMedia Bites 16 January: Premier Foods, Tesco Clubcard, chicken, Walmart
After the flurry of retail activity last week, it’s a quiet start to the week for grocery news in the papers, with the collapse of construction firm Carillion dominating coverage.
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NewsCity snapshot: Record mince pies sales offsets weak Mr Kipling performance for Premier Foods
Record mince pie sales have helped Premier Foods into a second consecutive quarter of growth, but its past star performers Mr Kipling and Cadbury cakes stalled. Plus, demand for seasonal favourites have helped Greggs record its 17th quarter of like-for-like sales growth in a row; Tate & Lyle appoints its CFO as the new CEO; sports nutrition business Science in Sport issues a pre-close trading update; and Lindt reports annual sales of more than 4bn Swiss francs for ths first time in its 175-year history.
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NewsCD&R sells remaining 5% B&M Bargains stake for £200m after bumper Christmas
The private equity backers of B&M Bargains has sold its remaining 5% stake in the discount chain for £200m, cashing in on a bumper Christmas for the business.
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NewsMedia Bites 15 January: Asda, Premier Foods, Palmer & Harvey, Nestlé, Lactalis
Asda’s new boss has claimed that the struggling grocer mounted a resurgence over the festive period, luring shoppers away from its biggest rivals and racking up the best sales of the big four supermarkets.
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NewsPremier Foods pours cold water on potential sale of Batchelors to Nissin
Premier Foods has denied it is in talks to sell its Batchelors noodles brand to Nissin Foods after media reports emerged over the weekend revealing a potential deal.
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NewsPrinces owner tests water for potential Young's acquisition
Mitsubishi Corporation approached the private equity owners of Young’s late last year
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NewsFox's and Burton's sweat to nail down final merger cash
A £400m merger of Fox’s and Burton’s Biscuits is on a knife edge after funding fell through at the final hurdle
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NewsBooker reports strong third-quarter growth
Booker recorded strong growth in the third quarter, despite a drag from falling tobacco sales…
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NewsMr Sherick's Shakes appoints liquidator amid cost pressures
The ‘super premium’ range of Mr Sherick’s Shakes retailed at the top end of the market (£1.99 for a 250ml bottle)
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NewsNew wholesale regs pushed Interbev Ltd into administration
Fast-growing drinks wholesaler Interbev Ltd was pushed into administration after new HMRC alcohol regulation hit revenues
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NewsMedia Bites 12 January: Tesco, Marks & Spencer, John Lewis/Waitrose, Amazon
‘Super Thursday’ saw the fortunes and disasters of the retail industry dominating yesterday’s news cycle – and grocery retailers in particular as Tesco, Marks & Spencer and Waitrose all reported results.
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NewsCity snapshot: B&M Bargains sales soar in Christmas run up
The march of the discounters continues this morning as B&M Bargains unveils strong results in the run up to Christmas, driven by a “robust” performance of its grocery and fmcg ranges. Plus, Conviviality announces raft of organisational changes, with Mark Aylwin leaving the group.
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NewsMedia Bites 11 January: Sainsbury's, Lidl, M&S
It’s Sainsbury’s turn to face the media spotlight as it becomes the latest supermarket to update the market on its Christmas trading.
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NewsShine taken off record Christmas at Tesco by collapse of Palmer & Harvey
Tesco and Waitrose have both managed to drive underlying sales growth over Christmas, but Marks & Spencer lost out to Aldi and Lidl as like-for-like food numbers declined. However, the shine was taken off Tesco’s results by the impact of the Palmer & Harvey collapse.
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NewsMedia Bites 10 January: Morrisons, Kantar/Nielsen, Majestic Wine
The main focus in a busy day for food and drink is a strong set of Christmas results for Morrisons.