All articles by Ed Devlin – Page 161
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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
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Analysis & FeaturesThe Fast 50’s ingredients to fuel growth
The more agile and innovative your business, the faster it grows. That’s the lesson of The Grocer’s 2017 Fast 50
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NewsMedia Bites 26 October: BAT, 2 Sisters, Poundland, Coca-Cola, Refresco
The papers examine the outcome of the capital markets day at British American Tobacco.
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NewsCity snapshot: Cider volumes flat at Magners maker C&C as AB InBev arrangement beds in
Revenues fell 11% to €273.1m at Magners owner C&C Group in the first half as its cider volumes slumped under a new distribution arrangement with brewing giant AB InBev. Plus, AB InBev reports profits jump as it sells less beer for higher prices in the third quarter.
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NewsForthglade Foods secures £5m growth capital to expand in the UK and overseas
Private equity-backed pet food brand Forthglade Foods has secure £5m growth capital funding to further its expansion plans at home and overseas, as well as developing a larger manufacturing facility.
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NewsDann's Ice Cream expands range of luxury ice cream
Luxury ice cream manufacturer Dann’s Ice Cream is expanding its product range and widening its distribution after securing a five-figure bank loan.
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NewsBrewDog returns to crowd for fifth time to raise £10m
BrewDog is again turning to its ‘equity punks’ to raise up to £50m in its fifth crowd campaign
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NewsP&G reports sluggish growth in first quarter
Procter & Gamble got off to a slow start in its new financial year as sales came in below expectations as sluggish growth continued to plague global consumer goods giants.
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NewsReckitt restructure baffles City analysts
A surprise radical restructure at Reckitt Benckiser left analysts scratching their heads this week
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NewsDavid Shaw leaves Genius to become MD at Good Hemp
Good Hemp has appointed Genius Gluten Free commercial director David Shaw as its new MD
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NewsQuorn capitalises on meat-free popularity with revenue jump
Quorn is back in double-digit growth as demand for meat-free alternatives continues to boom in the UK and overseas…
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NewsCity snapshot: Metro sales slow in final quarter
Sales slowed in the final quarter for German retailer Metro as like-for-like growth fell back in its wholesale stores and its Real hypermarkets. Plus, DX Group shakes up leadership team as it reports another £80m-plus loss forthe year.