All articles by Ed Devlin – Page 175
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NewsUnilever 'Sprexit' and strategic review: what the analysts say
The results of Unilever’s much-anticipated strategic review didn’t come as a great surprise to the City, but what did the analysts make of the announcement.
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NewsAs Reckitt sells off food, KPMG predicts fresh wave of M&A activity
Reckitt Benckiser’s sell-off of its food division is “just the start of a wave of M&A activity for fmcg companies”.
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NewsTayto Group sees profits slump on sales decline and investment
Pre-tax profits at Tayto Group more than halved to £3.1m last year as sales declined and the Northern Irish snack maker continued to invest in the business.
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NewsBernard Matthews confirms 114 redundancies as it ceases chicken production
A spokesman for 2 Sisters owner Ranjit Singh’s private office confirmed more than 80 chicken production staff and about 30 managerial roles at the Great Witchingham headquarters have been made redundant
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NewsWalgreens Boots revenues slump despite 'solid' Christmas for UK stores
A Christmas sales boost at Boots in the UK was not enough to stop a decline in group revenues at parent Walgreens Boots Alliance during the second quarter.
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NewsTesco to cut more night shifts and 24-hour opening at stores
Tesco is ploughing ahead with more changes to its service model at a further 69 stores, with 3,000 staff facing redundancy as a result
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NewsReal Good Food buys majority stake in Brighter Foods
Real Good Food has acquired a majority stake in Welsh snack food manufacturer Brighter Foods for up to £9m.
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NewsMedia Bites 5 April: Palmer & Harvey, Nisa, Kantar/Nielsen, sugar tax
Wholesaler Palmer and Harvey is set to announce that weeks of uncertainty about the future of the business are now over after it secured a deal with two of the world’s biggest tobacco companies, according to reports. Plus, Nisa boss warns of “enormous pain” after Tesco/Booker merger; and the papers’ takes on Kantar and Nielsen market share data.
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NewsCity snapshot: Food prices soar at fastest rate for two years
Prices in supermarkets rose at the fastest pace for two years last month, with food inflation accelerating to 1% in March. Plus, wholesaler Palmer and Harvey signs lending deal with two tobacco giants
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NewsClearly Drinks acquired by PE firm NorthEdge Capital
Soft drinks manufacturer Clearly Drinks Group has secured the backing of private equity firm NorthEdge Capital as consumer demand for flavoured water grows.
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News350 jobs at risk as M&S, Magnum and Ginsters packaging maker collapses
Consumer goods packaging manufacturer Pulse Flexible Packaging, which works with the likes of M&S, Samworth Brothers, Unilever and Walkers Shortbread, has collapsed, putting 350 jobs at risk.
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NewsCP Foods acquires Westbridge Food to grow poultry exports to UK and EU
Poultry supplier Westbridge Food Group has been snapped up by Thai food conglomerate CP Foods in a deal worth £60m.
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NewsReckitt Benckiser to sell French's and Frank's Red Hot brands
Sale would be used to reduce Reckitt’s debt created by the Mead Johnson Nutrition Co announced in February.
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NewsReckitt Benckiser lines up sale of French's and Frank's Red Hot
Reckitt Benckiser has announced it is beginning a strategic review of its food business, which includes French’s sauces and Frank’s Red Hot sauces.
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NewsMedia Bites 3 April: Tesco, Reckitt Benckiser, Premier Foods, Co-op, M&S
Tesco remain firmly in the papers over the weekend as its Booker merger continues to enthral the media. Plus, Reckitt Benckiser lines up the sale of its food division.
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NewsDanone to offload Stonyfield to push through $12.5bn WhiteWave deal
Danone has agreed to sell one of its US dairy subsidiaries to speed up the completion of the $12.5bn acquisition of US plant-based food group WhiteWave.
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NewsBooker shares fall as Tesco shareholders protest merger
It comes as Booker reported a strong end to its financial year
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NewsMedia Bites 31 March: Booker, P&H, Imperial Brands, Carr's
Booker Group’s fourth quarter trading update was heavily featured in all the papers as the imminent £3.7bn Tesco takeover generates plenty of interest in the wholesaler.
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NewsCity snapshot: Consumer confidence remains subdued in March
Consumers confidence remained stuck in the doldrums in March as Brexit concerns continue to loom and wages fail to keep up with inflation
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NewsBirds Eye owner Nomad falls to a Q4 loss but says conditions improving in the UK
Birds Eye and Findus owner Nomad Foods recorded a loss in the fourth quarter of 2016 but the decline in the UK market slowed as the group battled to turnaround its performance in the challenging frozen market.