All articles by Ed Devlin – Page 2
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NewsSupermarket Income REIT identifies £500m of potential grocery assets
Property investor Supermarket Income REIT has identified a strong pipeline of opportunities in the grocery real estate market, with £500m of assets available in its core target of UK supermarkets
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NewsVimto maker Nichols lifts profits after shift to new asset-light model
Vimto scored its highest-ever retail sales value in the year of £129.1m as it launched new products and gained market share across squash, energy drinks and RTD subcategories
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NewsDomino’s Pizza profits hit by falling volumes
Lower volumes in the second half of the year to 28 December pushed down profits for the London-listed business, with underlying EBITDA 6.6% lower than in 2024 at £133.9m. Pre-tax profits declined 35% to £81.1m
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NewsLindt & Sprüngli lowers growth expectations amid war in the Middle East
Warren Ackerman of Barclays said he believed the cut to guidance was more focussed around consumer sentiment, given Lindt’s exposure to the Middle East is not that significant
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NewsInternational Taste Solutions expands capacity with banking support
The expansion is set to increase capacity of liquid and powdered flavours by more than 20 times at the new site
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NewsCapital Croissant secures £1.5m funding package as it scales up
The company makes ready-to-bake French breakfast pastries, such as croissants and pain au chocolat, without the use of additives
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NewsInnis & Gunn sold in £4.5m pre-pack administration to Tennent’s owner C&C Group
It follows the collapse and rescue deal at BrewDog in what has been a terrible week for Scottish craft beer
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NewsHospitality supplier King Foods ceases trading in face of industry pressures
Advisory firm Interpath was appointed as administrator to Foodstore Ltd, which traded as King Foods, on 5 March
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NewsSoggy February compounds challenging conditions for retailers
Shoppers stayed off the high street in their droves in February as constant rain added to the challenges facing the UK retail industry, according to new data out this morning
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NewsGreggs shares defy short sellers despite slow growth and lower profits
Greggs disappointed hedge funds holding short positions in the high street bakery chain as its shares rallied despite lower profits last year and slowing growth in 2026
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NewsAssociated British Foods appoints CEO of Primark and a group CFO
Joana Edwards joins as CFO with immediate effects after serving in the role on an interim basis since March last year, while former CFO Eoin Tonge is the new chief executive of Primark
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NewsWH Smith warns of disruption as conflict in Middle East escalates
A first-half trading update this morning said the group was ‘mindful of the geopolitical uncertainty in the Middle East’ and continued to monitor the situation
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NewsReckitt Benckiser outperforms in 2025 following restructure
Net revenues at the health & hygiene multinational nudged up 0.3% year on year to £14.2bn, with like-for-like growth of 5% following the completion of efforts to simplify the group
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NewsPukka Pies profits back in growth but inflation squeezes margins
Profits are back in growth at Pukka Pies as the UK’s number one pie brand continued to boost sales and made progress with its five-year strategic plan
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NewsShellworks raises £11m to scale eco plastic packaging alternative
Founded in 2019, London-based Shellworks develops and manufactures Vivomer, a bio-based material made using microbes to ferment second generation feedstocks, such as used cooking oil
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NewsDot Dot Bubble Tea ready to take east Asian drink mainstream with JamJar backing
Founder Yan Ying, who appeared on the BBC’s Dragons’ Den last year, created the UK’s first ready-to-drink bubble tea when she launched the business in 2023
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NewsShoppers switch to own label and buy less to save money: NIQ
Total till sales at UK supermarkets increased 3.3% in the four weeks to 21 February, but volumes declined by 0.8% – a bigger fall than January’s 0.6%
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NewsBrand Growth Heroes selects 2026’s ‘Mini MBA’ cohort
The accelerator enrolled 15 brands to this year’s programme after receiving applications from more than 170 hopeful food & drink businesses
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NewsSupermarket volumes remain under pressure as inflation picks up pace
Total take-home sales at the mults increased by 3.4% year on year in the four weeks to 22 February. However, growth lagged behind grocery price inflation
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NewsGreggs profits hit by challenging food-to-go market
Like-for-like sales increased 2.4% year on year, and the company improved its market share in a challenging food-to-go market