All articles by Ed Devlin – Page 17
-
NewsCity snapshot: WH Smith confirms high street sell-off talks, while Diageo rules out Guinness sale
WH Smith is exploring a potential sale of its high street stores in a bid to become a pure-play travel business, and Diageo rules out a sale of Guinness
-
NewsWH Smith explores sale of high street division
WH Smith is in talks to sell off its high street retail operation to focus exclusively on the growing travel division of stores in airports and railway stations
-
NewsCity snapshot: Consumer confidence sinks and more businesses teeter on the edge of collapse
Confidence in the UK economy has plummeted as consumers worry about ‘dark days’ ahead, according to a closely watched survey out this morning. Plus, there has been a ‘worrying surge’ in the number of UK businesses entering ‘critical’ financial distress in the final quarter of 2024
-
NewsInnovatus and Babco merge to create spirits ‘powerhouse’
The combined company offers a broader range in its premium portfolio, bringing together Horse Guards Gin, Barentsz Gin, Pedrino Spritz and Wing Walker Rum (Innovatus) and Neptune Rum and Tofka toffee vodka (Babco)
-
NewsSurya and Veetee hire advisors to explore strategic options
The Grocer has learned Surya engaged Grant Thornton and Veetee hired Goldman Sachs last year
-
NewsBramble Foods acquires Whitakers to expand chocolate offering
The strategic move strengthened the Bramble Foods offering, uniting two family-owned brands with ‘a shared commitment to quality and heritage’, the group said
-
NewsFood & drink deals boosted by budget tax worries in 2024
M&A activity in food & drink picked up significantly in 2024, with volumes driven higher in October as businesses raced to push through deals ahead of anticipated budget tax hikes by Rachel Reeves
-
NewsTHG predicts growth in 2025 following Ingenuity demerger
Sales at THG have fallen in the final quarter of 2024 as the group completed its demerger of the Ingenuity platform
-
NewsCranswick celebrates record Christmas as shoppers go premium
The meat processor said its premium value-added products performed ‘extremely well’ in the 13 weeks to 28 December
-
NewsDoughboys Pizza offers 10% slice to Peter Jones on Dragons’ Den
Doughboys Pizza is ready to expand its supermarket presence after walking out of Dragons’ Den with the backing of Peter Jones
-
NewsCity snapshot: Higher palm oil prices drive profits performance at MP Evans
MP Evans is set to report “strong” results for 2024 thanks to a boost to palm oil prices during the year. Plus, Poundland set for radical restructure and Britvic shares cease trading on London Stock Exchange. And this week’s City diary
-
NewsCity Snapshot: McBride shares soars as dividend reinstated on strong trading performance
Shares in McBride have surged this morning as the own-label household cleaning products supplier guided for a continued improvement in profitability and higher revenues. Plus, ONS retail sales data for December and Aldi reveals London expansion
-
NewsSupermarkets suffer ‘a very poor month’ in December: ONS
Volumes in food stores slumped by 1.9% in December, contributing to an unexpected contraction for British retail sales last month, according to the latest gloomy economic data to be released this morning
-
NewsOcado rollercoaster continues as shares soar on Christmas update
Ocado shares raced 13% higher to 305p following the update on Tuesday morning, with investors most likely focusing on the FY25 guidance promising further ‘market-leading sales growth and volume momentum’
-
NewsMighty Slice nets almost £1m in fresh investment as Giles Brook backs high-protein cheesecake brand
Brook invested a significant chunk of the £750k round, alongside YouTuber Willne, who has more than seven million subscribers, and Harry Hugo, co-founder of influencer marketing consultancy The Goat Agency
-
NewsThe Black Farmer secures seven-figure funding package to open store in White City
Set up by Wilfred Emmanuel-Jones in 2004, the business opened its first farm shop in Brixton at the end of 2023. It is now preparing to open a second retail outlet in the former headquarters of BBC Television in White City, west London
-
NewsDistil hit by spirits downturn as shoppers save cash over Christmas
Embattled spirits supplier Distil suffered a massive drop in sales in the run-up to Christmas as shoppers prioritised spending and traded down to own label
-
NewsMorrisons downsizes Rathbones bakery in reversal of decision to close factory
Morrisons has handed Rathbones a last-minute reprieve, with the supermarket set to run a slimmed-down operation at the bakery rather than closing the site down
-
NewsYF finalises leadership team with appointment of recruitment director
YF has appointed Sagar Bhardwaj as recruitment director as the fmcg consultancy finalises the lineup of its new leadership team
-
NewsAllplants creditors owed £13m as administrators continue attempt to sell off assets
Allplants creditors are set to suffer a significant shortfall to the more than £13m owed when the vegan ready meals brand collapsed last year