All articles by Ed Devlin – Page 22
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NewsMedia Bites 18 April: inflation, Holland & Barrett, lab-grown sausages
The latest inflation data is the main business story in a quiet day for fmcg in the papers
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NewsThe Artful Baker collapses under weight of cost pressures
The Dorset-based business, which also starred on Channel 4’s Aldi’s Next Big Thing, appointed liquidators from Leonard Curtis on 5 April after experiencing cashflow issues in recent months
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NewsFive Points Brewing celebrates successful crowdfunding round to boost beer capacity
Five Points Brewing is set to boost its brewery and taproom capacity after surpassing a six-figure crowdfunding target
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NewsMosa Meat raises €40m as it readies lab-grown beef launch
The business will use the money to further scale up production processes and prepare to launch its cultivated beef to consumers in Singapore
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NewsCity snapshot: Inflation eases as crumpet and meat prices fall
Inflation has continued to ease in the UK as the price of certain food products started to fall. Plus, Just Eat Takeaway hailed a good start to its new financial year thanks to accelerating growth in the UK and Ireland
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NewsBold Bean Co founder Amelia Christie-Miller wins six-figure young entrepreneur prize
Christie-Miller won £150k to support Bold Bean’s growth from EasyJet founder’s Stelios Philanthropic Foundation
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NewsUnrooted raises another £1.2m to boost growth
A majority of the money was raised from existing investors, but the round also saw former Diageo boss Paul Walsh join the business as a strategic advisor
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NewsMedia Bites 16 April: food prices, Pret a Manger, Bloom & Wild
Shoppers are facing “difficult” increases in food prices because of a wet winter that left fields underwater, a farming leader has warned
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NewsOggs beats crowd target to continue mission to replace eggs
Oggs will use the money to unlock new manufacturing opportunities and bolster its branded grocery business supplying ‘cruelty-free’ cakes
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NewsEast Imperial set for administration after suspending shares
The group suspended trading in its shares on the London Stock Exchange this morning and is preparing to appoint administrators or liquidators
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NewsCity snapshot: Glanbia acquires ingredients firm Flavor Producers in $355m deal
Irish nutrition group Glanbia has acquired US ingredients business Flavor Producers in a deal worth up to $355m (£284.7m). Plus, tonic maker East Imperial suspends shares ahead of collapse
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NewsElla’s Kitchen loses share as cost-conscious families turn to own label
Ella’s Kitchen has seen its market share eroded as parents switched to cheaper own-label babyfood amid price sensitivity in the category
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NewsSimplyCook defies category woes to make first-ever profit
The company called 2023 a “watershed” year and said in its newly filed accounts that it moved into the black thanks to a “right-sized” plan, with lower marketing investment and disciplined cost management
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NewsMedia Bites 11 April: Tesco, Asda, Poundstretcher, food security
The latest annual results from Tesco get blanket coverage in today’s papers after the supermarket giant revealed bumper profits
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NewsFearne & Rosie set for growth push with two senior hires
Fearne & Rosie has appointed its first-ever finance director and sales director to help the fast-growing challenger brand get its range of healthier jams into more supermarkets
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NewsMinor Figures losses hit £10m in face of oat milk challenges in Asia
Losses have widened substantially at Minor Figures but the oat milk challenger said it was on the path to profitability after shifting focus away from Asia to growth markets in the UK and North America
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NewsBako expands into Northern Ireland with acquisition of Finlay’s Food
Founded in 1976 and based in Craigavon, Finlay’s manufactures and supplies ingredients to the bakery and general food industry
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NewsEl Rayo continues ‘super-premium’ tequila growth push with new seven-figure fundraising
El Rayo has raised an additional £1.3m in its latest funding round as it aims to become the second-biggest super-premium tequila in the UK in 2024
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NewsCity snapshot: Focus on value wins over shoppers as Tesco reports bumper sales and profits
A ‘substantial’ easing of inflation has helped drive a double-digit increase in profits at Tesco as the supermarket boosted market share and saw volumes recover. Plus, full-year results for THG and a first-half trading update from Treatt
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NewsMedia Bites 9 April: John Lewis Partnership, retail sales
The surprise appointment of Jason Tarry as the next JLP chairman dominates coverage in today’s papers