All articles by Ed Devlin – Page 181
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NewsPotato supplier Preva Produce slips into administration after challenging season
Preva Produce, a potato supplier for the likes of Walkers and Kettle, has fallen into administration after difficult end to 2016, leading to 20 redundancies
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NewsB&M shares sparkle on bumper Christmas
Shares in B&M European Value Retail have soared 8.5% after the discount chain recorded its best ever Christmas
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NewsHilton Food Group signs Portuguese meat joint venture with Sonae
Shares in the red meat supplier have climbed 4% so far today to 670p on the back of the agreement.
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NewsPayPoint completes restructuring with £26.5m sale of mobile payments arm
PayPoint has sold its mobile payments business to Volkswagen Financial Services for £26.5m in cash, putting an end to its major restructuring project.
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NewsMedia Bites 23 December: Christmas, Weetabix, Champagne, Weight Watchers, Brexit
Supermarkets are braced for their busiest day of the year today, with shoppers expected to spend almost £900m on groceries for the Christmas break.
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NewsCity snapshot: Mega-deals fuel a 'vintage' year for food & drink M&A
Despite the surprises and shocks 2016 has thrown up - notably Brexit and a Donald Trump presidency - a senior City dealmaker argues that it has been a ‘vintage’ year for food and drink M&A.
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NewsEdible Oils sales hit by deflationary pressures
The raging supermarket price war, as the supermarkets battle the discounters to win back customers, has hit sales at Edible Oils, the producer behind the Crisp n’ Dry, Mazola and Olivio brands.
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NewsEden Research commercialises natural pest killer
AIM-listed agro-tech firm Eden Research has signed an exclusive commercialisation agreement for its product, which kills worm that attack growing fruit and veg, with Taminco, a subsidiary of Eastman Chemical Company’s global crop protection division.
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NewsCook Trading battles 'shaky' start but delivers another record year
Revenues jumped 14% to £45.1m in the year to 31 March 2016 thanks to a strong finish in the last five months, including a “fantastic” performance at Christmas as shoppers sought out quality food..
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NewsMedia Bites 22 December: Sainsbury's, Brexit, Coca-Cola, Hershey
Sainsbury’s CEO Mike Coupe is in the spotlight with a lengthy interview in which he says he is taking on Aldi and M&S, and the Argos takeover will boost group profits. Coupe adds that the discounters are now on the back foot.
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NewsConsumer confidence limps higher in December
Consumer confidence have finished a rollercoaster year by rising slightly in December as shoppers look to grab goods before the inflationary storm hits next year.
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NewsOppo raises £200k in third crowdfunding campaign
Sugar-free ice cream brand Oppo has raised more than £200,000 in a third crowdfunding round to continue its rapid growth.
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NewsLion Capital swoops for Loungers in £137m deal
The former owner of Weetabix and Kettle Foods has snapped up bar chain Loungers from private equity firm Piper in a deal valuing the business at £137m.
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NewsButcher’s Pet Care sales fall for first time since 2005
Sales at pet food maker Butcher’s Pet Care have declined for the first time in ten years but profits continue to soar.
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NewsYorkshire Poultry Products rescue deal saves 126 jobs
More than 120 jobs have been saved at a halal poultry processor after administrators at KPMG struck a rescue deal.
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NewsUS food and drink industry wary of UK future
The uncertainty of future trade arrangements with the EU is weighing more heavily on the US food and drink sector than any other, a report has found this week.
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NewsUK food and drink makers must push harder into China - Leadsom
UK food and drinks suppliers should be doing more to trade with China as the UK gets set to begin the process of exiting the EU, Defra secretary told an export forum
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NewsBeam Suntory acquires Sipsmith Gin ahead of global push for London craft brand
The maker of Jim Beam and Maker’s Mark has “ambitious” export plans for the brand
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NewsMedia Bites 16 December: Tesco, Heineken, Nestle, Rivington Biscuits, Just Eat
The Serious Fraud Office has told Tesco former group commercial director Kevin Grace that he will not face charges in its probe over a £326m hole in the UK retailer’s accounts. Plus, Heineken strikes a £400m deal for pub group Punch Taverns and Nestlé loses its EU trademark battle.
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NewsCity snapshot: Leadsom in China rallying cry to UK food and drink suppliers
UK food and drinks suppliers should be doing more to trade with China as the UK gets set to begin the process of exiting the EU, Defra secretary has told an export forum this week.