All articles by Ed Devlin – Page 157
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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.
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NewsCMA launches investigation of Refresco £1bn acquisition of Cott
Refresco’s $1.3bn (£1bn) acquisition of the bottling operations of Canadian drinks manufacturer Cott is to be scrutinised by the UK monopoly watchdog.
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NewsCity snapshot: Tesco and Booker expect CMA decision on £3.7bn merger this week
The Competition and Markets authority is expected to unveil its provisional findings on the £3.7bn Tesco takeover of wholesaler and cash & carry operator Booker this week. Plus, the CMA is considering whether the £1bn takeover of Cott’s bottling operations, which includes the business in the UK, by Refresco will lessen competition in the sector.
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NewsMedia Bites 30 October: Planet Organic, Tesco/Booker, palm oil
London-based grocery chain Planet Organic is preparing a sale amid a “healthy-eating” craze, according to the weekend’s papers.
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NewsYorkshire Meatball joins list of collapsed crowdfunded brands
The business, run by father and son David and Gareth Atkinson, raised £123,000 from 220 investors on Crowdcube last April
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NewsMister Free'd founders sell a stake for £750k seed funding
The healthy snack brand will use the money to fund an “aggressive” marketing strategy, expansion of its team and for NPD
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NewsPots & Co takes top spot from BrewDog in Fast 50 list
Soaring demand for its indulgent desserts, as well as lucrative airline deals, helped sales more than double last year