All articles by Ed Devlin – Page 2
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NewsMighty Drinks hopes for rescue deal after calling in administrators
Mighty Drinks has collapsed into administration, with specialists at recovery firm Interpath searching to put together a rescue deal to save the milk alternatives brand
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NewsB&M CEO Tjeerd Jegen buys £500k-worth of shares for bargain price
B&M has revealed Jegen purchased almost 200,000 shares in five separate transactions last week
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NewsFood & drink manufacturers back in growth as orders rise
The food and drink manufacturing sector has boosted its output for the first time since March, according to a report this morning.
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NewsHunter & Gather joins forces with Julia Bradbury to promote ancestral living
Hunter & Gather has signed up TV presenter Julia Bradbury in an exclusive partnership as a brand ambassador to promote its range of ‘ancestrally inspired’ healthier foods
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NewsTesco share price climbs higher after strong start to the year
Tesco fought off intensifying competition from traditional and discount rivals to continue its run of growing market share in the first quarter to 24 May
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NewsWarburtons defies downturn in wrapped bread as sales rise
Revenues at the group increased 4.2% to £741.1m in the year to 28 September 2024, with volumes defying the structural challenges in the wrapped bread segment of the market by rising 2.9% year on year
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NewsPoundland owner Pepco completes sale of struggling retailer for nominal sum
Poundland MD Barry Williams will continue to lead the business under the new ownership of the retail-focused investment firm Gordon Brothers
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NewsTesco wins more market share as Finest range goes from ‘strength to strength’
The rise in sales beat City expectations, with Tesco highlighting a strong performance from its premium Finest range
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NewsBabease ceases trading as organic babyfood brand’s owner calls in liquidators
It is not the first time the business has been forced to call in insolvency practitioners, with Babease previously saved in a pre-pack administration deal in 2019
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NewsCharlie Bigham’s profits soar from growing brand awareness
Revenues at the company rose 8.8% to £144.3m in the year to 31 August 2024 as volumes jumped by the same amount
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NewsHumantra set for Boots rollout following investment from JamJar
British entrepreneur Charlie Wright founded the brand in Dubai in 2022, entering the UK market the following year with its range of electrolyte and antioxidant drink sachets
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NewsShoppers to tighten belts as grocery inflation ramps up in May
Kantar’s monthly grocery sales figures also revealed M&S maintained strong growth levels despite being hit by a high-profile cybersecurity incident. The retailer generated a 12.3% rise in spending on groceries in the 12 weeks to 18 May 2025
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NewsTennent’s and Bulmers owner C&C Group back in black as Roger White takes helm
This morning’s annual results are the first for the company under the leadership of former AG Barr boss Roger White, who took the helm in January.
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NewsCBD drinks brand Trip racks up losses amid global expansion
The business, launched by Olivia Ferdi and Dan Khoury in 2019, accumulated losses of £5.6m in the year ended 28 February 2024, according to unaudited accounts filed at Companies House. It comes on top of a similar deficit in the prior year and takes total losses at the business to £13.9m
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NewsThis improves margins as meat-free brand halves losses
The business has slashed the total number of SKUs produced from 100 to 44 as part of its strategy to become profitable
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NewsFood & drink M&A momentum continues as UK activity hits eight-year high
Volumes in the sector for the first quarter matched the 40 recorded in the final three months of 2024, data from professional services firm Grant Thornton showed
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Comment & OpinionCranswick’s new animal welfare review is money well spent
It’s understandable that Cranswick’s trading update focused on its impressive financial details – but it was, perhaps, short-sighted not to make animal welfare more central
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NewsCranswick to review animal welfare as it posts record revenues and profits
Cranswick announced the ‘new, fully independent, expert veterinarian review’ this morning as it reported record annual revenues and profits over the past year
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NewsValerie completes six-figure pre-seed round for perimenopause supplement
A group of angel investors led the £514k pre-seed round, with backing coming from serial investor and former Innocent director Giles Brook
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NewsPremier Foods eyes M&A push as sales of brands pass £1bn
CEO Alex Whitehouse called the 52 weeks ended 29 March “another strong year” for the group and highlighted further M&A as a central pillar of the growth strategy