All articles by Ed Devlin – Page 156
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NewsCity snapshot: Nick Read walks away from Nisa
Nisa boss Nick Read suddenly left the buying group over the weekend, with the board starting immediate “succession planning”.
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NewsReal Good Food swings to £5.8m loss after troubled year
Beleaguered Real Good Food has swung to heavy losses after a delay in passing on Brexit-linked price inflation and poor cost controls, the group revealed in its full-year results released unscheduled on the London Stock Exchange this afternoon.
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NewsSSP Group continues to ride food-to-go growth
The Upper Crust owner said in a pre-close update that fourth quarter sales were expected to increase by 17.5% year on year
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NewsRecipe box delivery service Mindful Chef returns to the crowd
It comes just over a year after the business received more than £1m from a Seedrs campaign
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Analysis & FeaturesHow much appetite will the City have for Bakkavor?
Will the ascending reputation of own label and the performance of its peers mean a warm welcome on the Stock Exchange?
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NewsMeridian eyes PE cash to fuel nut butter sales
Spreads business Meridian has hired corporate advisors to explore sale options
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NewsKellogg appoints former Coke and AB InBev exec as CEO as Bryant retires
Kellogg CEO John Bryant is stepping down from the helm of the global cereal and snack supplier next week after seven years in the role
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NewsMeat The Alternative to take on Quorn with chilled branded range
The supplier has created an 11-strong range of meals
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NewsMedia Bites 28 September: Hotel Chocolat, Palmer & Harvey, M&S, WH Smith, Cargill
Hotel Chocolat’s full-year results attract the attention of the papers this morning; with updates on P&H rescue deal, news of the death of a former M&S boss, and an examination of the WH Smith share price.
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NewsCity snapshot: Imperial Brands in late-night talks over Palmer & Harvey rescue deal
Tobacco giant Imperial Brands (IMB) confirmed it was involved in late-night talks last night over a rescue deal for wholesaler Palmer & Harvey. Plus, Produce Investment boosts sales despite difficult year for potato grower; the CMA finds competition concerns in Vision Express takeover of Tesco Opticians; and SSP Group reports strong fourth quarter
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NewsCrawshaw Group shares sink as losses widen at value meat retailer
Shares in value meat retail chain Crawshaw Group plunged more than 12% today as its first-half losses widened on the back of the devaluation of sterling and investment in lowering prices in an attempt to lure back customers.
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NewsMedia Bites 27 September: Nestlé, AG Barr, Jaffa Cakes
Nestlé has for the first time set a target for increasing profit margins as CEO Ulf Mark Schneider unveils new strategy in London; AG Barr powers sales with new recipes despite passing on price rises; and Jaffa Cakes become the latest casualty of shrinking pack sizes in supermarket aisles.
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NewsCity snapshot: Hotel Chocolat doubles profits on healthy sales hike
Profits have doubled at Hotel Chocolat as investment in new stores, a new website and expansion in factory capacity helped drive a 12% jump in full-year revenues to £105.2m. Plus, losses widen at value meat retailer Crawshaw in the first half; and PZ Cussons warns tough trading conditions in most of its markets wil remain all year
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NewsMetcalfe's Skinny owner Kettle Foods acquires Cornpoppers popcorn brand
Snack producer Kettle Foods has expanded its popcorn footprint with the acquisition of Cornpoppers for an undisclosed price.
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NewsMedia Bites 26 September: Aldi, sterling, Unilever, gin
Aldi’s annual results, with record sales but a hefty profits drop, falls under the media spotlight this morning.
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NewsCity snapshot: Reformulated Irn-Bru boosts AG Barr but cost pressures bite
Price inflation and the reformulation of its Irn-Bru and Rubicon range helped AG Barr boost sales during the first half, but increased brand investment and other cost pressure squeezed margins at the soft drinks producer
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NewsBakkavor gets set for £1.5bn float in coming weeks
Bakkavor, one of the UK’s biggest suppliers of ready meals, pizzas and desserts to the major supermarkets, is preparing for a stock market flotation in the next few weeks that will value it at up to £1.5bn, The Grocer can reveal.
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NewsOcado sees solid growth but reveals Andover investment needed
Ocado proved once again to be one of the most divisive of all grocery stocks
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NewsKP Snacks in black for first time since Intersnack takeover
Operating profits more than doubled after investment in factories over the past three years significantly reduced costs
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NewsWhitworths reports £50m loss as IT works cause supply chaos
Dried fruit & nuts brand Whitworths slumped to a £50m loss last year as sales fell, a new IT system hampered supply, the former management team departed and loans were written off, delayed accounts have revealed.