All articles by Ed Devlin – Page 188
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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.
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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.