All articles by Ed Devlin – Page 202
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NewsMedia Bites 13 May: Tesco, M&S, BHS
Tesco boss Dave Lewis was paid £4.6m including a £3m bonus last year, when he stabilised the crisis-hit retailer and returned it to profit, The Guardian writes. The paper reports on the annual report of the retailer published this morning. Lewis received a salary of £1.3m, a ...
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NewsCity snapshot: Coca-Cola HBC blown off course by currency headwinds
Volumes were stable at European Coke bottle Coca-Cola HBC in the first quarter but “considerable pressure” from exchange rate headwinds harmed sales
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NewsRefresco Gerber sales fall as private label volumes tumble
Falling private label volumes at Refresco Gerber have pushed down sales 2.3% in the first quarter as the group turned its focus to co-packing.
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NewsBakkavor reports good start to 30th year in business
Revenues nudge up 1.4% at Bakkavor to £415.8m in Q1 despite falling prices as the food manufacturer manges to shift more volume.
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NewsCarlsberg sales slump as Tesco delisting bites
Sales at Carlsberg have fallen 5% in the first quarter as a result of being delisted by Tesco last year.
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NewsBells of Lazonby bakes up sales rise
Bakery group Bells of Lazonby has increased sales by more than 13% and grown its profits to continue the rapid expansion experienced in recent years.
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NewsMedia Bites 10 May: Greggs, BHS, HMV, Tesco
Despite a strong first quarter Greggs was overshadowed in this morning’s papers by the ongoing reporting on BHS.
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NewsCity snapshot: Retail sales hit by cold April weather and lack of consumer spending
High street sales show biggest slump for eight months in April
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NewsBonds records another year of sweet growth
Sales growth has accelerated at Bonds of London as its range of humbugs, bon bons and sour sweets and jellies increase in popularity.
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NewsThatchers grows cider sales despite lack of fizz in the market
Thatchers has continued to outperform a stagnating cider market for a sixth successive year, although the rate of growth has slowed at the brand.
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NewsGreggs flat white helps Q1 sales growth
Greggs has reported a strong start to the year with like-for-like sales growing 3.7%
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NewsCity News: Sainsbury's silver lining fails to impress the City
Pre-tax profits of £584m were a good way above market consensus of £574m for Sainsbury’s
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Analysis & FeaturesConviviality adds Bibendum to its drinks mix
But Diana Hunter insists she’s a long way off dominating British booze
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NewsMinistry of Cake sees profits rocket under PE ownership
Profits have soared at Ministry of Cake in its first full year under new ownership
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NewsMedia Bites 6 May: Morrisons, Hotel Chocolat, BHS, Reckitt Benckiser
Morrisons first quarter results and the successful float at Hotel Chocolat are the two main focus on the retail beat this morning, as well as the ever-ubiquitous BHS.
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NewsCity snapshot: Deflation at big four falls back to record levels
Supermarket prices have fallen back to their record level of -2.9% across the big four
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NewsHotel Chocolat proves hit with investors in £167m float
Hotel Chocolat has completed its flotation on London’s AIM exchange with investors flocking to the luxury chocolatier and pushing the valuation past the £150m forecasts.
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NewsKalle Group in new ownership
Meat product casings manufacturer Kalle has been sold by its private equity owner Silverfleet Capital to a fund managed by Clayton, Dubilier & Rice.
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NewsChaucer Food Group hunting for US expansion capital
The ingredients supplier has run out of capacity at its new factory in Portland in the US
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NewsCoca-Cola Enterprises struggles in Q1 as sales lack fizz
Sales at European Coke bottler Coca-Cola Enterprises fell 7% in Q1 with volumes declining as consumers turn away from fizzy, sugary drinks.