All articles by Ed Devlin – Page 193
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NewsMedia Bites 1 August: ABI/SAB, BHS, Bernard Matthews
The Sunday Times delves into how the beer megadeal between AB InBev and SABMiller was taken to the brink by Brexit
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NewsHeineken sales fizz after strong Q1 but profits hit by Africa slowdown
First-half organic revenues at Heineken grew 4.7% to €10.1bn as total volumes rose 3.8%
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NewsFen Farm Dairy to double production of raw milk brie with £200k funding
Fen Farm currently operates in the domestic sector and distributes its products through Harrods and Fortnum & Mason.
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NewsMindful Chef smashes funding target with help from Andy Murray and Victoria Pendleton
Recipe box business Mindful Chef has soared past its £400,000 crowdfunding target with help from sporting stars Andy Murray, Victoria Pendleton and Will Greenwood to raise more than £1m.
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NewsM&A deal activity set for post-Brexit autumn spike
Pent-up M&A demand in the food and drink sector could lead to a spike in deals in the autumn
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NewsConsumer confidence plunges at fastest rate since 1990 after Brexit
Brexit has led to a dramatic 11-point drop in July from -1 to -12 in the latest monthly consumer confidence index by market research firm GfK.
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NewsMedia Bites 29 July: Diageo, Carrefour, Amazon
Diageo’s hangover lifted last year as it cheered a 3.5% rise in full-year operating profits in its self-styled “turnaround” year.
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NewsReckitt profits hit by South Korea problems
Reckitt Benckiser first-half profits plunged 29% to £528m after it put aside £319m to pay compensation
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NewsDanone beats expectations as profits surge on stronger dairy sales
Net income at the French food giant more than doubled in the six months to 30 June to €935m
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NewsFiddes Payne feels currency pressure in 'challenging' market
Norman Brodie took charge of the business in early 2016 in a management shake-up following disappointing trading
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NewsTurners Fine Foods collapses with 484 redundancies
Landmark Wholesale member Turners Fine Foods has collapsed after a failed turnaround attempt, with almost 500 staff losing their jobs.
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NewsUK economy grows faster than expected in run up to Brexit
The economy was estimated by the ONS to have grown by 0.6% in the three months to the end of June, increasing from 0.4% in the first quarter of the year.
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NewsFever-Tree relaxed about potential tonic war as sales and profits continue to fizz
Fever-Tree’s founders are relaxed about the impending entry of Britvic in the premium mixers category after its revenues soared 69% to £40.6m in first half.
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NewsFamous Grouse owner profits hit by ‘fierce’ competition
The Famous Grouse and Cutty Sark brands suffered double-digit falls in sales, offsetting growth for single malts The Macallan and Highland Park.
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NewsDCS Group invests £10m in expansion plans
Household brands distributor DCS Group has invested £10m expanding its operations to a new 25-acre site in Banbury with funding from Barclays.
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NewsRefresco enters US with $129m Whitlock Packaging deal
The deal is Refresco’s first step towards expansion beyond Europe, with a ”strong” second platform for further growth in North America.
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NewsFine Food adds to portfolio with Clarks and Wild Tastes acquisitions
Clarks Speciality Foods and Wild Tastes both supply premium, specialist products to the foodservice sector and speciality retailers across Scotland.
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NewsAhold Delhaize starts trading as €9.8bn merger goes live
The €9.8bn merger of Ahold and Delhaize received clearance from US regulators over the weekend.
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NewsUK remains very attractive market despite Brexit, says Steinhoff
Steinhoff bosses are confident Poundland will thrive on the British high street regardless of Brexit
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NewsCity snapshot: Lindt outperforms market in first half
Sales at Lindt increased 6.6% to CHF1.5bn in the first half despite price pressures on cocoa costs