All articles by Ed Devlin – Page 158
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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.
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NewsLove Cocoa taps crowd to restore Cadbury values
James Cadbury launched his organic chocolate startup in July 2016
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NewsTyphoo faces second year of decline in flagging black tea
Typhoo and PG Tips both suffered delistings in the past year at Tesco
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NewsRise in food and drink firms gunning for export growth in wake of Brexit
Food and drink producers are more optimistic about their growth prospects than they were a year ago as they plough more investment into expanding their businesses overseas in the aftermath of the UK’s decision to leave the EU, according to an annual industry report.
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NewsMedia Bites 7 September: Asda, Reckitt Benckiser, Brexit
Asda’s decision to axe almost 300 jobs at its head office as part of a cost-cutting drive makes the papers this morning.
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NewsCity snapshot: McBride sales slump in competitive markets
Revenues at McBride fell by £44.5m – or 5.9% – to £705.2m, with household sales lower by 5.8% and personal care & aerosols down 6.3%, as the household goods manufacturer completed the first stage of its ‘Repair, Prepare, Grow’ strategy. Plus, Imperial Brands raises £231m in sell-down of share in Logista.
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NewsRefresco shareholders approve £1bn takeover of Cott's bottling operations
Refresco shareholders have given the Dutch soft drinks bottler and contract packer the green light for its $1.3bn (£1bn) takeover of the bottling operations of Canadian drinks manufacturer Cott.
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NewsMedia Bites 6 September: AG Barr, Barry Callebaut, Asda
Irn-Bru maker AG Barr has warned that a Scottish plastic bottle deposit return scheme, in which consumers would be refunded if they recycled containers, could be subject to fraud and abuse.
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NewsCity snapshot: Food and drink industry 'alarmed' over leaked Home Office plans for EU migrants post-Brexit
Leaked Home Office documents outlining a strict immigration policy to force all but the most highly skilled EU migrants to leave the UK after Brexit show a “deep lack of understanding” of the important contribution European workers make across the food chain, the industry has warned.
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News150 jobs saved as Waitrose cake maker More Food acquired in pre-pack deal
A rescue deal at Waitrose and Budgens cake supplier More Food has saved 150 jobs after rising commodity prices following the Brexit vote and substantial costs related to a move to new facilities squeezed the business.
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NewsInnis & Gunn seeks green light to sell £15m stake to US private equity firm
Innis & Gunn has followed in the footsteps of fellow Scottish craft brewer BrewDog and attracted the interest of a US private equity firm
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NewsWild Card Brewery seeks £250k from crowd to boost capacity
The London-based brewery and bar operator is seeking £250,000 from a Crowdcube campaign in return for a 7.2% stake
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NewsGrowth slows as dairy and meat hikes pile pressure on Higgidy
The business warned margins were under pressure in the new financial year
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NewsLittle Dish heads to US in £17m deal with Profile Capital
Profile Capital has acquired a majority stake in Little Dish valuing the healthy children’s food brand at $21.5m (£17m)
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NewsWarren Buffett rules out second Kraft Heinz approach for Unilever and says 'no' to Mondelez bid
Kraft Heinz backer Warren Buffett has ruled out a second tilt at Unilever and quashed rumours that the food conglomerate’s next target is a reunification with Mondelez.
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NewsMedia Bites 31 August: Co-op/Nisa, Unilever/Kraft Heinz, M&S, Pizza Express, Poundland
The papers cover the latest M&A development in the convenience store sector as the Co-op enters exclusivity to buy Nisa.
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NewsCity snapshot: McColl's boosts sales 31% in "significant" quarter
Revenues have jumped 31% at McColl’s Retail Group in the third quarter as the convenience retailer integrated almost 300 Co-op stores into the business. Plus, Premier Foods completes signing of Cadbury cake agreement with Mondelez; Pernod Ricard reports full-year results; and Total Produces reveals half-year figures.