All articles by Ed Devlin – Page 157
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News$11bn wiped from supermarket and food & drink shares as Amazon fires gun on price war
More than $11bn (£8.6bn) has been wiped off the value of the world’s largest supermarkets and food and drink manufacturers
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NewsYorkshire dragons fuel Masons growth plans
Masons Yorkshire Gin has agreed a £300,000 investment from two well-known Yorkshire food and drink entrepreneurs
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NewsCity snapshot: Amazon fires the gun on Whole Foods price war
Amazon has signalled the start of a grocery price war to start on Monday once its $13.7bn (£10.7bn takeover of Whole Foods completes.
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NewsMedia Bites 25 August: Costcutter, Amazon/Whole Foods, Steinhoff
The papers follows up The Grocer’s exclusive that Costcutter is close to unveiling a deal as the corner-shop chain becomes the latest retailer to be jolted into dealmaking in response to Tesco’s £3.7bn swoop on Booker. Plus, Amazon kicks off battle with Walmart as prices to fall at Whole Foods.
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NewsBirds Eye owner Nomad slows decline in UK as prices increases lift sales
Birds Eye and Findus owner Nomad Foods recorded organic growth for the second quarter in a row as the group pushed through price increases
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NewsGreencore shares tumble as it tries to reassure the City
Shares in Greencore have slumped by almost 9% today after the sandwich maker tried to reassure investors over the continued fall in value of the stock during 2017.
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NewsMedia Bites 24 August: Amazon/Whole Foods, Finsbury Food, Tesco, Brexit
Approval by Whole Foods shareholders of the Amazon takeover is folowed by the US competition regulator; Tesco opening its £85m compensation scheme; Finsbury Food planning to close its Grain D’Or business; and the pound hits lowest level again the euro in eight years.
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NewsCity snapshot: Amazon $13.7bn Whole Foods takeover waved through by US regulator
US competition watchdog the FTC has given Amazon the green light for its $13.7bn (£10.7bn) takeover of Whole Foods, just hours after Whole Foods shareholders gave their approval
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NewsTesco £85m investor compensation scheme opens
The scheme, agreed by the supermarket with the Financial Conduct Authority (FCA) in March this year, will cost Tesco an estimated £85m
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NewsMedia Bites 23 August: Lidl, Bayer/Monsanto, Asda, sugar
With grocery stories continuing to be slim pickings as the UK gears up for the bank holiday weekend, the latest market share from Kantar Worldpanel and Nielsen generates some column inches.
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NewsCity snapshot: 250 jobs at risk as Finsbury Food Group plans to close Grain D’Or bakery business
Finsbury Food Group is proposing to close its lossmaking Grain D’Or business, leaving 250 jobs at risk.
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NewsCreative Nature turns down Dragons' Den investment
Healthy snacking brand Creative Nature is in talks with private investors after turning down the £75,000 secured during an appearance on Dragons’ Den.
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NewsMedia Bites 22 August: Great British Bake Off, vanilla prices, Johnson & Johnson, Co-op Group
One of the new judges for The Great British Bake Off has made an advertising faux pas by suggesting viewers can watch the Channel 4 show online and skip the adverts.
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NewsCity snapshot: Disappointing summer halts supermarket growth as soft drinks, burgers and ice cream sales fall
A combination of a cooler weather and people heading off on summer holidays has put a stop to two months of consecutive sales growth for the UK supermarkets, according to Nielsen. Plus, Lidl increases market share to new record high of 5.2% – up 0.7 percentage points year on year – to become the UK’s seventh largest grocer, according to Kantar Worldpanel.
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NewsTesco Extra store in Bristol snapped up for £28.5m by supermarket investment firm
Property investment firm Supermarket Income REIT, which floated on the London Stock Exchange in July, has purchased the freehold of a Tesco Extra store in Bristol for £28.5m.
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NewsCastle Dairies returns to double-digit growth
Welsh butter producer returns to double-digit growth as investment in its factory pays off and exports to Europe rise
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NewsFlorette snaps up prepared salad site in Lancashire from William Jackson
Fresh produce supplier Florette has acquired the Lancashire site of MyFresh Prepared Produce from the William Jackson Food Group for an undisclosed sum.
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NewsSouthern Salads collapses after feeling Brexit effect
Supermarket salad supplier Southern Salads has collapsed, with the loss of 260 jobs, after being squeezed by the weak pound and higher import prices for its produce sourced from Europe
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NewsMedia Bites 17 August: Carlsberg, Poundland/Toblerone, Argos, Amazon, Brexit
Danish brewer Carlsberg revealed it had lifted profits and revenues in its first half but volumes had declined; Poundland claims Toblerone’s shape not distinctive enough to be valid trademark; Argos shamed over pay; Amazon to create more UK jobs as it faces US backlash; and the UK government publishes a position paper on the Irish border.
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NewsCity snapshot: Weak pound pushes Southern Salads over the edge, with 260 job losses
Supermarket fresh salads supplier Southern Salads has fallen into administration after being squeezed by the slump in value of sterling following the EU referendum in June 2016. Plus, Australian wine producer Treasury Wine Estates reports full-year results.