All articles by Ed Devlin – Page 180
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NewsPoundstretcher sales and profits decline as estate shrinks
The business, owned by the Tayub brothers’ Crown Crest Group, closed 30 shops in the year to 31 March 2016 as part of its expansion strategy to more modern, larger sites.
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NewsMedia Bites 11 January: Morrisons, Premier Foods, Kantar, Majestic Wine, Spar
A Christmas cracker of a performance from Morrisons dominates the papers this morning, with room to report on price hikes at Premier Food, the return of inflation, a record Christmas at Majestic Wine and an upturn in sales at Spar.
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NewsCity snapshot: 'Good' Christmas for Sainsbury's as sales creep higher
Sainsbury’s hailed a “good” Christmas performance as sales in the 15 weeks to 7 January rose 0.8%, with like-for-like sales nudging up 0.1%
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NewsPureCircle shares sweeten 10% as shipments released by US Customs
The stevia producer said in a short statement to the London Stock Exchange that the consignments had been released after an extensive review of detailed documentation provided by PureCircle.
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NewsCotswold Raw dog food start-up seeks £250k from crowd
Premium dog food start up Cotswold Raw is chasing £250,000 from the crowd to expand its range, increase production and develop a cat recipe to double its customer base.
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NewsMars expands veterinary presence in $9.1bn VCA acquisition
Food giant Mars has swooped to expand its pet care business with the $9.1bn acquisition of VCA.
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NewsMajestic Wine celebrates best ever Christmas
Majestic Wine has reported a bumper Christmas for its retail stores, with like-for-like sales jumping 7.5% – its best ever festive performance.
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NewsSuppliers under more pressure despite recovery at supermarkets
The recovery of the supermarkets has piled increasing pressure on the supply chain, with almost 6,000 food suppliers experiencing increased levels of financial distress, according to recovery firm Begbies Traynor.
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NewsMedia Bites 10 January: Aldi, Tesco, Mars, McDonald's
A Christmas update from Aldi was under the spotlight in this morning’s papers, along with Tesco’s restructuring plans, a Mars veterinary deal and McDonald’s exiting China.
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NewsCity snapshot: Morrisons sales grow at fastest pace for seven years
Morrisons has upgraded full-year profit expectations after recording its strongest performance for seven years
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NewsPoundworld slips to a loss as it invests in growth
Poundworld has fallen into the red despite sales growing another £40m last year as new private equity owner TPG Capital invested in future growth.
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NewsRecord year for Direct Food Ingredients
Direct Food Ingredients has increased sales 29% to a record £17.6m in 2016 thanks to the expansion of its client business and the introduction of new product ranges.
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Analysis & Features"Well positioned" B&M benefits from Christmas momentum
As general retailers suffered this week on a gloomy outlook for 2017, the City rushed to grab a piece of B&M European Value Retail, with discounters seen as a safe haven in uncertain times.
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Analysis & FeaturesAmidst big upheaval Lewis and Potts impress the City...
…while a small chocolatier not only lists but moves into lift-off. But what’s the outlook for 2017?…
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NewsNFT Distribution looks to future growth after reporting loss
Food logistics group NFT Distribution has fallen into the red during a challenging year for its grocery customers but the group said it was “well-placed” for future sustained profitable growth.
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NewsMeantime Brewery sales and profits fizz on craft beer boom
Increased sales in supermarkets of Meantime brands contributed to the £10m jump in revenues to £26.5m in the 15 months to 31 March 2016.
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NewsMinistry of Cake taken over by Mademoiselle Desserts
French patisserie manufacturer Mademoiselle Desserts has swallowed Ministry of Cake as part of plans to expand its UK presence.
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NewsMedia Bites 6 December: High street, Boots, Aldi, PureCircle
Britain’s retail sector weathered its fourth poor December in a row with negative like-for-like sales growth on the high street; Boots owner struggles with weak pound and Aldi raises wages for shop floor staff.
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NewsCrawshaw Christmas recovery eats into profit margins
Value meat retailer Crawshaw Group has continued to make progress in its turnaround as sales over Christmas improved thanks to a festive hamper and higher footfall in store.
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NewsPieminister growth heats up on new site openings and supermarket launches
Profits have increased three-fold to £315k at premium pie maker Pieminister as the expansion of its restaurants and new retail launches helped sales grow 17% to £10.7m in the year to 31 March 2016.