All articles by Ed Devlin – Page 17
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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
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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
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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
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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’
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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
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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
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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
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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
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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
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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
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NewsTribe raises £2.4m as it launches ‘UK first’ for energy bars
Natural energy bar challenger Tribe has raised £2.4m to back the launch of a new range made using adaptogens
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NewsCity snapshot: EG Group set for $13bn New York IPO
Forecourt operator EG Group is readying a $13bn stock market flotation in the US for later this year. Plus, trading updates from Huddled and Eagle Eye
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NewsCity snapshot: Sainsbury’s offers 5% pay rise following ‘biggest-ever’ Christmas
Sainsbury’s is to reward staff with an inflation-busting pay rise after they helped the supermarket deliver its “biggest-ever” Christmas
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NewsSainsbury’s celebrates record Christmas but Argos remains a drag
Sainsbury’s premium Taste the Difference own label range outperformed rivals to help the supermarket to a record Christmas despite ongoing weakness at Argos
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NewsM&S and Tesco shares sink despite record Christmas performance
Supermarkets may be celebrating a record Christmas, but the markets remained thoroughly unimpressed by retail stocks on a busy Thursday of trading updates
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NewsNaturaw secures six-figure funding package to boost production of raw petfood brand
Raw pet food brand Naturaw has secured a six-figure growth package from the Northern Powerhouse fund as it steps up production at its Yorkshire factory
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NewsCity snapshot: Tesco and M&S celebrate a record Christmas as shoppers splash out
Tesco and Marks & Spencer have revealed strong Christmas numbers this morning as consumers splashed out on premium ranges for the big day. Plus, Christmas trading updates from Hilton Food Group, B&M Bargains and Greggs, with the latest shop price inflation data from the BRC and NielsenIQ
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NewsTesco delivers ‘biggest ever’ Christmas as shoppers splurge on Finest range
Tesco has delivered its “biggest ever” Christmas as Britain’s biggest retailer lowered festive prices and won shoppers from rivals
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NewsPromise Gluten Free owner Mayfair strikes deal for Irish brands Pat the Baker and Irish Pride
Ceres Group – the holding company for Mayfair’s consortium of baked goods businesses – agreed to take control of Azeda, the owner of Pat the Baker and Irish Pride just ahead of the Christmas break
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NewsHeavy Christmas promotions lift supermarket till roll to record highs
Supermarket sales hit a record high of £14.6bn in the three weeks leading to Christmas thanks to the highest level of promotions seen in store for three years, according to new figures released this morning