All articles by Ed Devlin – Page 159
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NewsCIty snapshot: Hilton Food Group nets fish supplier Seachill for £81m
Red meat packer Hilton Food Group has completed an £81m deal for Seachill to expand its presence to the supply of fish. Plus, Reckitt reduces full-year outlook as sales fall in Q3, with plans to split the business into two new divisions; and Conviviality appoints new CFO.
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NewsRising grocery prices to slow early next year
Kantar Worldpanel predicts supermarket price rises will peak later this year
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NewsCity snapshot: Danone beats expectations on baby food and water demand in China
Soaring sales of baby food and water in China helped Danone comfortably beat expectations in the third quarter, but the dairy division of the global giant continued to struggle. Plus, inflation drives sales in the supermarkets but volumes slow, according to the latest Nielsen and Kantar market share data.
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NewsSugar beet harvester M&J Haulage collapses
Lincolnshire sugar beet harvester M&J Haulage has called in administrators from KPMG, with operations suspended and all 24 staff sent home.
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NewsMedia Bites 16 October: Sainsbury's, Brexit, Graze, P&G, Reckitt Benckiser
Sainsbury’s chairman David Tyler warns a ‘no deal’ Brexit would raise the cost of shopping; Graze hires advisers to steer a sale; and Reckitt eyes Pfizer consumer health care business.
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NewsCity snapshot: Footfall declines for third consecutive month
The number of shoppers on the high street declined for the third month in a row in September in a sign that consumers are starting to tighten their purse strings, new figures have shown. Plus, Hilton Food Group expands its packing capability in New Zealand.
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NewsBakkavor profits up 8.1% as it heads towards November float
Underlying profits in the first half of 2017 jumped 8.1% to £77.7m
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NewsCity News: Booker shares steady ahead of CMA decision
The City was unmoved by a healthy first half at Booker as investors awaited the preliminary decision by the CMA
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NewsChris Dee switches to 'brand incubator' role with Manílife
Peanut butter startup Manílife expected to be first of many startups Dee helps…
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NewsLoss of major customer hits Cott revenues
Cott Beverages’ revenues tumbled as it battled a declining UK fizzy drinks market and lost a private-label contract
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NewsMedia Bites 13 October: Booker, WH Smith, Just Eat
Financial results from Booker and WH Smith are examined by today’s papers, along with the CMA decision on the Just Eat acquisition of Hungry House.
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NewsCity snapshot: Burton's profits sink in declining biscuit category
Underlying profits have more than halved as sales slumped yet again at Jammie Dodgers maker Burton’s Biscuits.
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NewsJust Eat shares jump as CMA paves way for £200m Hungry House takeover
Shares have soared more than 6% at takeaway delivery service Just Eat after the Competition and Markets Authority (CMA) gave the £200m takeover of Hungry House the all clear.
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NewsWestons targets 40% growth in five years with brand overhaul
A new logo will roll out from late October across all consumer and trade touchpoints…
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NewsMedia Bites 12 October: Booths/Amazon, Bakkavor, 2 Sisters, Unilever
Amazon expanding its UK grocery delivery with the ‘Waitrose of the North’ grabbed the attention of the papers.
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NewsCity snapshot: Healthy first half for Booker as it awaits CMA verdict on Tesco merger
Profits at Booker leapt 9% in the first half as the wholesaler increased revenues by 2.5% to £2.6bn despite a declining tobacco market. Plus, the travel arm of WH Smith overtakes the high street for the first time as the retailer announced full-year results; and the CMA gives the green light to Just Eat for the £200m takeover of Hungry House
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NewsOverhang hits £150k crowdfunding target
It has raised £153,000 from 237 investors on the Crowdcube platform in return for 5.8% equity, valuing the business at about £2.5m.
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NewsWestons Cider doubles bottling capacity with £1.5m funding package
Westons Cider has invested in new bottling technology to double its production capacity after securing a £1.5m bank funding package.
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NewsCity snapshot: P&G denies activist investor Trian a board seat in proxy battle
Procter & Gamble looks to have successfully fended off the attempt by activist investor Nelson Peltz to win a seat on the consumer giant’s board after one of the biggest ever proxy battles witnessed in the US
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NewsMedia Bites 11 October: Nisa/Co-op, Bakkavor, Tesco, P&G, HelloFresh
Nisa recommends £143m Co-op takeover to members; Bakkavor unveils plans to float in London; the Tesco trial continues; and P&G fends off activisit investor.