All articles by Ed Devlin – Page 19
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NewsGousto returns to the black as it prioritises profits over growth
Revenues were almost flat year on year in 2023, nudging up by 1% to £308m as the recipe kit business turned off the tap for customer acquisition to focus on retention and save money
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NewsBear launches £2m crowdfunding round to expand coffee chain nationally
Schoolfriends Craig Bunting and Michael Thorley founded the business in 2014 and opened the first Bear site in their hometown of Uttoxeter in 2016
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NewsValeo Foods hits the acquisition trail once again with takeover of Dal Colle
Valeo Foods Group is back on the acquisition trail with a deal to buy Italian bakery producer Dal Colle as the ambient giant looks to build a platform across Europe
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NewsNomad Foods hires new CFO to succeed Samy Zekhout
Frozen food giant Nomad Foods has appointed Ruben Baldew as chief financial officer to succeed Samy Zekhout, who is leaving to explore new opportunities
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NewsCity snapshot: Profits tumble at Pets at Home despite sales growth
Profits have fallen at Pets at Home despite revenues growing at the petcare retailer, but the group still held its forecast for the new financial year
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NewsMedia Bites 28 May: Princes, election, inflation
There’s plenty to catch up on in the papers over the bank holiday weekend
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NewsCity news: M&S delights investors as turnaround finally takes hold
Investors lapped up declarations from Stuart Machin of Marks & Spencer entering a new era as a hard-fought and long-awaited turnaround started to bear fruit
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NewsCity snapshot: wet weather dampens UK retail sales
Retail sales volumes plunged by 2.3% in April as wet weather and cost of living constraints hit activity across the sector
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InterviewsChris Packham on taking his environmental crusade into grocery
The TV presenter has little time for the NFU and is also targeting the ‘catastrophic’ salmon fishing industry. But he believes a new rice brand can help make a difference
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NewsMedia Bites 24 May: Mondelez, Morrisons, Gusbourne
The papers pick up on a €337.5m fine for Mondelez after the Toblerone, Milka and Oreo was found to be involved in anti-competitive practices in the EU
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NewsHunter & Gather secures £500k to help maintain rapid growth
Hunter & Gather has secured a six-figure investment to support its expanding retail distribution and maintain rapid growth
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NewsBlockhead appoints liquidators weeks after running crowdfunding campaign
Functional chewing gum startup Blockhead has collapsed just weeks after attempting to raise £500k in a crowdfunding campaign
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NewsBakkavor scoops up Moorish houmous brand
Founded by Julie Waddell in 2012, Moorish generates annual revenues of about £2m and is stocked by the major supermarkets and independent retailers
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NewsMedia Bites 23 May: M&S, UPFs, inflation
The front pages of today’s papers are dominated by the suprise election but sparkling M&S annual results also receive blanker coverage
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NewsCity snapshot: ‘Robust’ year for Tate & Lyle as it completes transformation with $350m sale of Primient
Tate & Lyle has completed its transformation to become a growth-focused speciality food and beverage ingredients business with the sale of its remaining interest in Primient for $350m. Plus, full-year results from Tate & Lyle, a Q1 update from Bakkavor, Coca-Cola Europacific Partners appoints CFO and Gusbourne publishes annual results
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NewsYorkshire Tea grabs highest-ever share of black tea category as Bettys & Taylors profits soar
Hot drinks supplier Bettys & Taylors has returned to double-digit sales growth, pushing revenues close to £300m as Yorkshire Tea extended its number-one position in the UK black tea market
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NewsUnilever Graze integration putting ‘significant number of jobs at risk’
Graze is losing its independent status after owner Unilever set in motion plans to integrate the snacking brand into the wider group, with a significant number of jobs on the line as a result, The Grocer has learned
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NewsFood and drink M&A activity hits eight-year high
M&A activity in food and drink has picked up in 2024 as market conditions continued to ease, with deal numbers hitting their highest levels since 2016, according to a new report released this morning
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NewsMedia Bites 22 May: Kantar, Nestlé, THG
This morning’s papers focus on UK grocery inflation falling to near its historical average as they pick up on the latest data from Kantar
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NewsCity snapshot: New beginnings for M&S as profits soar
Marks & Spencer has declared the start of a new era as its turnaround plan delivered bumper profits and sales growth. Plus, UK inflation falls to “normal” levels and losses widen at brewer Adnams