All articles by Ed Devlin – Page 189
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NewsOatly sells stake to fund global expansion
Oat-based milk alternative brand Oatly has raised cash for a global push with the sale of a minority stake.
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NewsMedia Bites 5 December: Brexit, shop prices, Fortnum & Mason, M&S, Walmart
Brexit could lead to cheaper food for consumers if the right policies are adopted, an official from the OBR claims. Plus, shop prices decline for 43rd month in a row.
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NewsFood price deflation slows significantly
Inflationary pressures squeezing suppliers are beginning to filter through to the supermarkets as food price deflation slowed significantly in November, the latest BRC – Nielsen shop price index reveals.
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NewsChaucer acquired by Japanese instant food maker Nagatanien
The deal will see Chaucer, which produces freeze-dried fruit & veg for global blue-chip clients such as Kellogg’s, Unilever, Nestlé and Starbucks, continue its push into the US, as well as opening up the Japanese market.
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NewsMcCormick expands European presence with €120m Enrico Giotti acquisition
Spices and sauces giant McCormick has acquired an Italian flavourings business in a €120m cash deal to expand its presence in Europe after walking away from its pursuit of Premier Foods earlier this year.
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NewsAngus & Oink close in on BackIt funding target
Barbecue sauces brand Angus & Oink is close to reaching its fundraising ambitions on the Tesco crowdfunding site to help upscale production and launch a new product.
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NewsInnis & Gunn raises £2.5m in crowdfunding campaign
The fundraising values the brewer at almost £50m and put a 4.8% stake in the hands of 2,012 investors.
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NewsMedia Bites 30 November: Iceland, John Lewis, Carlsberg
Iceland v Iceland hits the papers again today as the frozen supermarket chain’s bosses hope for a thaw in relations.
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NewsCity snapshot: Britvic sales fizz as PepsiCo brands grow
Sales have fizzed 10.1% higher at Britvic as its UK portfolio of carbonated soft drinks, including PepsiCo brands, delivered growth to offset declines for the Robinsons range
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NewsCrawshaw confident turnaround strategy is working
The value meat retailer reported “good progress” in restoring sales momentum since the trading update in September.
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NewsCranswick calls for clarity from government on EU workers
It comes as the group posted strong half-year results, with revenues up 16% to £581m on the back of double-digit volume growth.
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NewsMedia Bites 29 November: Tesco, Amazon, Cadbury
Former Tesco boss Philip Clarke will not face charges from the Serious Fraud Office over the accounting scandal that blew a £326m hole in the UK retailer’s books, according to his lawyer.
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NewsCity snapshot: Record sales for Cranswick as volumes accelerate
Revenues soared 16% to record levels at pork supplier Cranswick in the first half thanks to strong volume growth across most of its product categories
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NewsFerrero close to Delacre deal with Pladis
The Italian chocolate manufacturer confirmed in a statement that it had made an offer to buy Delacre and DeliChoc, which is also available in the UK.
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NewsPoundland considers closing 80 stores
Poundland is weighing up the closure of up to 80 shops following the integration of the 99p Stores estate.
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NewsMedia Bites 28 November: Tesco Bank, Poundland, Black Friday, Brexit, British American Tobacco
Tesco Bank is facing criticism for ‘failing to act’ to a warning about a security flaw; Black Friday comes under the media glare this weekend with the high streets quiet as shoppers buy online; and Poundland could close up to 80 stores in a sell off.
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NewsCity News: Finsbury Food shares hit by Brexit woes
Investor enthusiasm for Finsbury Food Group cooled significantly this week.
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Analysis & FeaturesCranswick wagers on China with Dunbia pork plant deal
It looks a shrewd move despite razor-thin margins in Ballymena
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NewsMedia Bites 25 November: Iceland, Lidl, Aldi, Tesco
Iceland vs Iceland hits the headlines this morning as the country takes legal action against the frozen supermarket.
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NewsCity snapshot: Primal Pantry secures cash injection from food industry heavyweights
Paleo snack bar brand The Primal Pantry has won the backing of three food industry heavyweights as it looks to continue high levels of growth experienced since launching in 2014. Plus, Quorn’s latest export push, and a fall in sales at tea brand Typhoo.