All articles by Ed Devlin – Page 155
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NewsCity snapshot: Losses widen at Science in Sport on investment in ecommerce and exports
Losses have widened significantly at Science in Sport in the first half as the listed sports nutrition business invested in ecommerce and international growth.
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NewsMedia Bites 19 September: P&G, Finsbury Food, Dairy Crest
The boardroom struggle for power at P&G continues to generate headlines, with results from Finsbury and Dairy Crest also in focus.
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NewsCity snapshot: Ocado boosts sales in Q3 but order size shrinks
Ocado has recorded double-digit increases in revenues in its third quarter but the size of the average customer order continued to shrink. Plus, Kantar and Nielsen reveal that the supermarkets recorded another month of growth; PureCircle full-year profits tumble; Reckitt Benckiser appoints a new chairman; and Eagle Eye shortens annual losses as revenues soar
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NewsKK Fine Foods to invest in jobs and growth after acquisition by Belgian ready meal firm
Fast growing chilled and frozen ready meal supplier KK Fine Foods expects to double turnover and create 200 jobs after the sale of a 90% majority stake to a Belgian firm.
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NewsMorrisons apple supplier increases efficiency with help of bank loan
A Worcestershire-based supplier of apples to Morrisons has purchased new machinery for its facility using an £80,000 bank loan.
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NewsInnis & Gunn shareholders approve £15m minority sale to PE firm
Shareholders at Innis & Gunn have waved through the £15m sale of a significant stake in the Scottish craft brewery to private equity house L Catterton.
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NewsBrookfield and Carlyle in frame to buy P&H
According to Sky News the two firms are among a number of parties who have tabled offers for P&H
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NewsMoy Park sold to Pilgrim's in speedy related-party deal
Under-fire JBS shocked the industry – and Moy Park management – in June when it revealed it was off-loading the business
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NewsMorrisons to drive further recovery by expanding The Best
Morrisons is to double the size of its The Best premium own-label range by the end of the year
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NewsFilippo Berio profits soar as it predicts tougher year ahead
Sales nudged up 1% to £41.2m in 2016, with a more than £1m fall in cost of sales to £37.4m
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NewsWhey Box secures £250k growth funds to tap protein boom
The business started trading a year ago to tap booming demand in the sports nutrition market
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NewsCity snapshot: Morrisons turnaround gathers pace with seventh quarter of growth
Morrisons continued to make progress with a turnaround as it reported the seventh successive quarter of like-for-like growth. Plus, profits plunge at Waitrose as margins are squeezed by the weak pound; Booker reports another quarter of growth; and Real Good Food to appoint external advisors to conduct a full review of the company’s corporate governance and financial reporting procedures.
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NewsArmitage Pet Care snapped up by Rutland Partners
Premium pet food and accessories group Armitage Pet Care has been taken over by private equity firm Rutland Partners for an undisclosed price.
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NewsCity snapshot: Waitrose sales boosted by half-price promotion and wine discounts
Sales were up 6.4% at Waitrose, which will report its first half results tomorrow, last week to £133.9m, largely driven by the current half-price event and the big 25% off wine promotion running in stores.
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NewsMedia Bites 13 September: Apples, Philip Morris, McDonald's, coffee
UK apple growers are in the grip of a 20% shortfall in the supply of seasonal labour, pushing them towards “a cliff edge” as Brexit nears, the industry has warned.
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NewsMedia Bites 12 September: ABF, Tesco, The Body Shop
The latest results from Associated British Foods come under the media spotlight, with the performance of Primark in particular focus, rather than the food business.
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NewsCity snapshot: Hilton Food Group records first-half sales rise but no mention of Seachill deal
An increase in volumes and the weakness of the pound have boosted Tesco red meat supplier Hilton Food Group in the first half, with a good performance recorded in Australia, Ireland, Sweden and Portugal partly offset by a more challenging market in central Europe. Plus, double-digit rises in the first half for Applegreen.
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NewsOverhang asks crowd for £150k to grow energy drink brand
Drinks start-up company Never Felt So Good is seeking a £150,000 investment from the crowd to grow its Overhang energy drink brand.
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NewsMoy Park sold to US chicken producer Pilgrim's Pride in $1bn deal
Moy Park has been sold by its scandal-hit Brazilian owner JBS to Pilgrim’s Pride, the second biggest poultry producer in the US
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NewsNestlé hopes to tap vegan boom with Sweet Earth acquisition
Nestlé is the latest global fmcg giant to snap up a plant-based food business as it hope to re-energise flagging sales by tapping booming consumer demand for vegetarian and vegan products.