All articles by Ed Devlin – Page 168
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NewsMedia Bites 12 June: Nisa, Poundstretcher, Morrisons, Tesco
The shockwaves from Thursday’s election dominate the papers this weekend, but there is still plenty of grocery news, including Nisa Retail hiring bankers to explore a shock sale.
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NewsCity snapshot: Industry welcomes Michael Gove as Defra secretary
Michael Gove has been appointed as Defra secretary in a cabinet reshuffle by Prime Minister Theresa May in a move welcomed by the food and drink industry. Plus, sterling stabilises after crashing on the shock general election result.
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NewsCity News: Ocado international deal fails to excite analysts
It all started so well. Ocado shares leapt above 338p to a year high on Monday morning
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NewsSainsbury's hit hardest by shock election result as Tesco to benefit
Sainsbury’s is likely to be the hardest hit of the listed grocers by the ongoing political and economic uncertainty brought by a hung parliament thanks to its exposure to the high street with Argos, analysts have warned today.
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NewsTheresa May under pressure to resign as UK votes for hung parliament
After a dramatic night, the UK has woken up to a hung parliament this morning, with the Conservatives emerging as the largest party
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NewsCity snapshot: Rémy Cointreau raises earnings expectations after “excellent” annual performance
French drinks group Rémy Cointreau has lifted its future outlook after revealing an “excellent” annual performance, with a double-digit jump in profits and an almost 5% sales boost. Plus, Pernod Ricard buys majority stake in mezcal brand Del Maguey Single Village Mezcal
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NewsMedia Bites 8 June: Steinhoff, Lidl, Tesco, Kellogg
As the UK heads to the polls today, the papers are dominated by the final day of the campaign and the continuing story of the London terror attack. It’s looking very quiet when it comes to grocery or retail news.
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NewsSauces and juice producer Fruitapeel undergoes MBO
Terry and Deborah Haigh have taken over ownership of the business from existing fellow shareholders Frank and Philip Frederick. Finance director Neil Murgatroyd has also acquired a stake in group as part of the deal.
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NewsBirds Eye owner Nomad Foods seeks new CFO as Kenyon resigns
Birds Eye owner Nomad Foods is on the hunt for a new CFO after Paul Kenyon handed in his notice to take on a job outside of the food industry at shoe retailer Clarks.
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NewsCity snapshot: Zambeef profits slide amid challenging economic conditions
Profits have plunged in the first half at Zambeef Products as the beef producer was hit by falling commodity prices and challenging economic conditions on Zambia. Plus, full-year results from drinks group Distil
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NewsMedia Bites 7 June: Tesco, Lidl, Delivery Hero
Tesco is facing an investor revolt over £140,000 paid to CEO Dave Lewis for relocation costs. Plus, Lidl’s eye-catching move to launch a “high-end” fashion line with supermodel Heidi Klum also gets plenty of coverage.
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NewsTapped seeks £200k from crowd to expand birch water range
Birch water brand Tapped is raising £200,000 in a crowdfunding campaign to invest in marketing and grow its product range.
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NewsCharlie Bigham's sales near £50m as efficiencies aid growth
The food manufacturer said investment in efficiencies in recent years had helped bottom-line growth
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NewsMedia Bites 2 June: M&S, Brexit, Walmart
Marks & Spencer’s new sustainability plan come under focus this morning on another quiet day for retail news in the papers.
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NewsCity snapshot: Coldpress secures £2.3m in minority sale to food & drink fund
Soft drinks brand Coldpress has sold a significant minority stake in return for a more than £2m investment to expand further into on-the-go and on-trade channels.
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NewsColdpress scores £2.3m in growth investment
The drinks maker plans to use the money to rapidly build its distribution capability beyond grocery
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Analysis & FeaturesDawn Meats-Dunbia deal: the big questions answered
What does the alliance mean for rivals, for the meat industry and for consumers? And what Brexit factors are at play?
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NewsMedia Bites 1 June: Kantar/Nielsen, Reynolds, Deliveroo
The latest grocery market share data and the rapidly increasing inflation in supermarkets are in focus this morning.
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NewsCity snapshot: Nisa closes in on £120m refinancing to aid expansion
Nisa Retail is in talks about a £120m refinancing deal as the sector continues to reel from the shockwaves of the proposed Tesco £3.7bn takeover of Booker, according to reports
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NewsDunbia-Dawn Meats merger 'secures strategic Brexit hedge'
Dunbia CEO Jim Dobson will run the jv, with Dawn Meats CEO Niall Browne acting as executive chairman