All articles by Ed Devlin – Page 191
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NewsMarks & Spencer to cut 525 HQ staff
The proposals to make significant changes to its UK HQ structure follows a detailed review of the organisation
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NewsVision considers sale of Addo Food Group following £30m spend
Addo Food Group, formerly known as Pork Farms, has been the target of detailed takeover talks with private equity firms
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NewsBirds Eye says tough conditions will persist as sales dive again
The decline in sales at Birds Eye has accelerated with another £31m wiped off the top line in the challenging frozen market created by the supermarket price war.
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NewsPropercorn set to seal Piper minority stake deal
Propercorn is close to signing a deal with private equity firm Piper for a minority stake valuing the fast-growing popcorn brand at up to £25m.
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NewsGlanbia shrugs off dairy market struggles
Glanbia has reported a “strong” first-half performance driven by its performance nutrition division despite the ”challenging” dairy market.
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NewsMedia Bites 17 August: Inflation, Morrisons, Unilever
The first economic data post-Brexit gets plenty of coverage in this morning’s papers, with the spotlight also on Morrisons sale of its stake in Fresh Direct.
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NewsCity snapshot: Carlsberg sales improve but UK still flat
Carlsberg has increased organic sales 4% to DKK 31.2bn (£3.6bn) in the first half despite volumes declining and the UK market still proving tough
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NewsMedia Bites 15 August: Morrisons, Ocado, Walmart, SABMiller
There is plenty to chew over in the papers this week despite the summer season being in full flow.
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NewsSupermarkets sales dip below £100bn as price war bites
A fierce price war and battling to win back shoppers from discounters Aldi and Lidl has pushed supermarket sales below £100bn for the first time in six years.
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NewsMondelez snaps up Cadbury biscuit licence from Burton’s Biscuit Company
Mondelez International has united the confectionery and biscuit arms of Cadbury after acquiring the rights for the licence to make Fingers and Animals from Burton’s Biscuit Company.
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NewsBear sales soar in run up to Lotus takeover
Snack brands Bear and Urban Fruit recorded another year of healthy growth in the run up to being snapped up by Belgian bakery Lotus for £71m, as parents looked for easy ways to get their kids to eat fruit.
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NewsItsu serves up sales rise as demand for healthy food continues
Itsu has recorded a healthy 22% rise in revenues to £82.6m thanks to a 2.3% increase in like-for-like sales and another 10 store openings
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NewsRefresco volumes hit by bad weather and private label challenges
Refresco has warned that volumes will be below full-year expectations as poor summer weather and challenges in the private label business affected the European soft drinks bottler.
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NewsBakkavor reports strong revenue group in UK and overseas
Food group Bakkavor increased revenues 3.2% to £438.7m in the second quarter as it grew business with the supermarkets in the UK and the overseas business continued to soar.
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NewsMedia Bites 11 August: Stock Spirits, Brexit, cashew nut prices, Sainsbury's
A new boss at Stock Spirits and the start of a turnaround in Poland picked up plenty of coverage this morning. The favourite brands of remain and leave voters are revealed; cashew prices soar; and Sainsbury’s apologises for treatment of gay men in a London store.
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NewsCity snapshot: Profits fizz at Coca-Cola European bottler but currency holds back sales
Coca-Cola HBC increased sales in the first half to expand margins and push up profits but unseasonable weather affected volumes
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NewsStock Spirits new CEO focused on Poland turnaround but deals still on the table
The new CEO at Stock Spirits has reaffirmed the European drinks group’s M&A strategy despite the past disagreements with major shareholders.
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NewsMedia Bites 10 August: Ocado, Morrisons, e-cigs
Ocado and Morrisons announcing a renewed agreement, tweaked from the original signed back in 2013, gave the paper plenty to chew over this morning.
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NewsCity snapshot: Stock Spirits appoints new CEO as turnaround starts to take shape
Stocks Spirits Group has appointed a new CEO as it seeks to put its boardroom troubles behind it. It comes as the London-listed business posted improved results in the first half.
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NewsBells Food Group doubles pastry capacity with first phase of £3.6m investment
The investment in new equipment allows Bells to compete for the first time for high volume, commercial pastry contracts.