All articles by Ed Devlin – Page 217
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NewsDeals and discounters fuel UK growth at R&R Ice Cream
Ice-cream maker R&R Ice Cream has reaped the benefits of consolidation and the growth of the discounters as sales and profits in the UK soared by 25% and 90% respectively.
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NewsDanone baby food growth drives sales ahead of expectations
French food group Danone has beaten forecasts with like-for-like sales rising 4.6% in the third quarter thanks to double-digit growth in its baby formula division.
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News‘Green shoots’ appear for grocery sector – Begbies Traynor
The beleaguered UK grocery sector is showing the first “green shoots” of recovery as levels of failing businesses in the supply chain eased for the first time in more than two years.
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NewsCity snapshot: First signs of recovery for UK grocery industry
Stability is finally returning to the struggling UK grocery sector with the number of failing businesses within the UK food supply chain falling for first time in 27 months, according to Begbies Traynor.
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NewsMedia Bites 19 October: GCA, Tesco, Diageo, Megabrew
A rare quiet weekend in the papers for the retail industry but there are stories on the Groceries Code Adjudicator, Tesco’s Brand Guarantee scheme and more wine sell offs at Diageo.
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NewsNestlé scales back forecasts as Maggi food scare hurts sales
Food giant Nestlé has downgraded its full-year growth target as the Maggi noodles food scare in India continued to act as a drag on sales.
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NewsCity snapshot: Nestlé sales disappoint in the third quarter
Nestlé has reported disappointing third quarter figures as the withdrawal of its Maggi noodles in India and a slower-than-expected recovery in China took their toll.
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NewsMedia Bites 16 October: Diageo, pricing, WH Smith, McDonalds
A busy morning covering results from Unilever, WH Smith and Casino, along with rumours Diageo will sell its beer business and the government looking at ways for supermarkets to simplify pricing.
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NewsCity snapshot: Tesco vows to be cheapest on branded shop
Tesco has this morning announced the latest initiative of its fight to turnaround the company
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NewsMedia Bites 12 October: AB InBev, SABMiller, Tesco
The AB InBev and SABMiller takeover saga takes up lots of space in the papers ahead of the Wednesday bid deadline and funds in the US heap more woes on Tesco.
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NewsItsu bags £40m refinancing to take a bite out of overseas markets
Food-to-go chain Itsu has agreed a £40m bank refinancing package to help it implement a three-year expansion plan at home and abroad.
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NewsCrowdfunding push by chocolate venture Coeur de Xocolat
Coeur de Xocolat is the latest food & drinks business to turn to the crowd for cash to build its brand
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NewsWellness Foods makes healthy profits after brand sell off
Wellness Foods has generated profits of more than £50m and cleared its large debts thanks to the sales of the Rowse Honey and Dorset Cereals brands.
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NewsCity snapshot: Asda profits hold up as it escape huge property writedowns
Asda pushed operating profits up 1.9% to £1.01bn last year as it escaped eye-watering property writedowns
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NewsMedia Bites 9 October: SABMiller, AB InBev, Tesco, Asda, Coca-Cola
The ongoing tango between SABMiller and AB InBev and the fallout from Tesco’s first-half results continues to dominate the papers
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Analysis & FeaturesAsda profits escape property writedown carnage
Asda has pushed profits past £1bn as it managed to avoid the massive one-off costs on writedowns that have blighted rivals
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NewsAsda profits hit £1bn despite shrinking sales
Asda has pushed profits past the £1bn mark - despite sales falling 0.4% to £23.2bn and market share dipping - thanks to its low-cost operating model.
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NewsDiageo and Heineken swap emerging markets assets in $780m deal
Diageo has agreed a $780.5m (£515m) three-part deal with Heineken to swap assets in emerging markets.
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NewsSABMiller rejects new £68bn takeover bid from AB InBev
The SABMiller board still has to formally consider the new offer made by AB InBev but indicated in a statement to the City on Wednesday morning (7 October) it was not minded to accept it.
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NewsCity snapshot: Tesco volumes up as like-for-like sales decline slows
Tesco has reported that volumes and transactions have grown during its first-half helping to slow the decline of like-for-like sales in the UK but its profits have halved. Alsp, AB InBev has tabled a £68.2bn improved offer for SABMiller; Diageo and Heineken have agreed disposals worth £515m in Jamaica, Malaysia, Singapore and Ghana; and Conviviality has completed its £200m reverse takeover of Matthew Clark.