All articles by Ed Devlin – Page 2
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NewsElla’s Kitchen sees 17-year run of unbroken sales growth come to an end
Revenues at Ella’s Kitchen have declined as branded babyfood pouches came under increased pressure from own label as parents looked to save money
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NewsPromotions keep shoppers spending but Asda woes continue
Promotions at supermarkets have kept food inflation in check in February as spending on deals rose again last month, according to the latest data out this morning from Kantar
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NewsBakkavor delivers strong results despite strike disruption
Bakkavor has outperformed expectations as the prepared food business grew volumes ahead of the market in the UK
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NewsCity snapshot: Sainsbury’s set to return £250m to shareholders as deal for Argos credit card progresses
Sainsbury’s is on track with plans to return £250m to shareholders as the £720m sale of the Argos Financial Services card portfolio progresses
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NewsCity snapshot: Business confidence rebounds in February
Business confidence turned positive in February, bouncing back to a post-election high, according to a survey out this morning
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NewsNew Unilever boss Fernando Fernandez set to offload Marmite and other food brands
The surprise departure of Unilever CEO Hein Schumacher this week is likely to speed up a sell-off of non-core brands such as Marmite and put the prospect of transformational M&A back on the table, according to industry experts
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NewsOcado’s value tanks as investors tire of long wait for profitability
Ocado’s market value plunged by £600m this week as investors grew tired of waiting for jam tomorrow following another year of large losses at the grocery technology group
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NewsBrand Growth Heroes and Alantra name second cohort for ‘Mini MBA’ programme
Brand Growth Heroes has unveiled the 14 challenger brands enrolled on its second ‘Mini MBA’ accelerator programme, run in partnership with financial services firm Alantra
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NewsFiddes Payne home baking business acquired by Albex Group
The Fiddes Payne deal will enable the home baking group to grow its production, accelerate NPD and ‘ensure excellent customer standards are maintained’
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NewsPladis CEO Salman Amin leaves McVitie’s owner with immediate effect
The Turkish snacking giant announced the move in an internal memo on Monday, revealing Amin stepped down for personal reasons
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Analysis & FeaturesWhy has Unilever ditched well-liked CEO Hein Schumacher?
Analysts described Schumacher’s successor Fernando Fernandez – an appointment from inside Unilever – as ‘fiery and charismatic’
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NewsB&M boss Alex Russo to step down as chain issues another profits warning
B&M boss Alex Russo is to step down from his position at the discounter as it downgraded its profits guidance for the second time this year
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NewsCity snapshot: Just Eat set to be acquired and B&M boss Alex Russo to step down
Just Eat Takeaway has agreed to a €4.1bn offer from Dutch investment group Prosus. Plus, B&M CEO Alex Russo to step down as the discounter issues another profits warning
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NewsJust Eat agrees to €4.1bn offer from Prosus
Just Eat Takeaway is set to be acquired by Dutch investment group Prosus for €4.1bn with a view to building a European food delivery champion
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NewsCity snapshot: Food sales jump as shoppers stay home
Retail sales bounced back in January with a bigger-than-predicted rise thanks to strong growth in food stores as people ate more at home to save money, according to new official figures. Plus, consumer confidence also improved in February
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NewsBBQ brand Lumberjaxe lands £90k offer from Dragons’ Den
Seasoning and sauces brand Lumberjaxe is planning to shake up the BBQ category after scoring an investment deal during an appearance on Dragons’ Den
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NewsWalgreens Boots shares soar as new life is breathed into possible PE takeover
Shares in Walgreens Boots Alliance received a shot in the arm this week as speculation circulated that a potential private equity takeover of the US pharmacy giant was alive and kicking. It means a carve out of the UK high street Boots chain is once again a possibility
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Analysis & FeaturesWhat does Ella Mills’ Allplants purchase mean for ailing plant-based category?
Ella Mills injected a much-needed dose of optimism into the ailing plant-based category last week as she picked up Allplants from administrators
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NewsCity snapshot: UK employers weigh up wave of redundancies to cope with tax rises
Businesses across the UK are scaling back on hiring new staff and stepping up redundancy programmes in reaction to the fresh wave of employment taxes following the Labour budget, according to a new survey released this morning
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NewsCity snapshot: Coca-Cola Europacific Partners boosts sales with price rises
Coca-Cola Europacific Partners is set to return €1bn to shareholders following ‘a great end to a solid year’. Plus, the CMA has delivered its findings in the infant formula case this morning