All articles by Ed Devlin – Page 22
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NewsCity snapshot: Aldi to invest £800m in new stores as it reveals profits boost
Aldi has unveiled its biggest ever store investment programme after boosting profits on the back of record sales in 2023
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NewsHilltop Honey agrees £10m banking package to back overseas expansion
The funding package from Santander UK will allow the British honey brand to hold more stock, drive recruitment and accelerate growth
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NewsMedia Bites 28 August: Next, vapes, plant-based meat
Thousands of store staff at the retailer Next have won a six-year fight for equal pay in a tribunal ruling that will be closely watched by supermarkets
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NewsCity snapshot: Shop prices fall for first time in three years
Shop prices have fallen for the first time in almost three years as non-food retailers tempted shoppers with deep discounts in a bid to shift summer stock
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NewsMedia Bites 27 August: Nestle, Unilever, M&S, Morrisons
There’s plenty of fmcg news to wade through from the long bank holiday weekend, with Nestle and Unilever in focus
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Analysis & FeaturesMars’ $36bn deal for Kellanova is a vote of confidence in snacking
Mars’ blockbuster deal is a huge bet that the shift towards snacking is here to stay – even across HFSS food. Will it inspire more M&A in fmcg?
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NewsCity News: Asda disappoints again as pressure mounts on Mohsin Issa
Pressure is continuing to mount on Asda and owner Mohsin Issa as the latest industry data this week revealed a sharp slump in summer sales and more ground lost on market share
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NewsCapVest-backed Inspired Pet Nutrition to buy Butcher’s Pet Care
CapVest-owned Inspired Pet Nutrition has struck a deal to buy Butcher’s Pet Care to create a petfood group with sales of more than £350m
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NewsNestlé appoints new CEO in surprise departure for Mark Schneider
Schneider has stepped down as head of the world’s biggest food company in a surprise move, to be replaced by group veteran Laurent Freixe
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NewsCity snapshot: Consumer confidence in the economy falls for first time in six months
Confidence in the UK economy has dipped even as consumers feel better about their personal finances, according to a closely watched survey. Plus, Nestlé CEO Mark Schneider steps down in surprise move
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NewsMedia Bites 23 August: Nestlé, Gail’s, Brown-Forman
Nestlé announced that chief executive Mark Schneider was stepping down, and will be succeeded by company veteran Laurent Freixe
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NewsAllplants optimistic about path to profit as losses mount
The vegan ready meal maker has recorded heavy losses as the business wrestled to shift its capital-intensive model amid challenging macro-economic conditions and declining demand in the plant-based category
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NewsBrazil looks to strengthen UK relationship with pork exports
Brazil is hoping to expand its trading partnership with the UK as part of ambitions to start exporting pork into the country as imports from the EU dwindle
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NewsCity snapshot: Hain Celestial a ‘fundamentally different’ company as turnaround plan progresses
Hain Celestial is on track to deliver $60m in cost savings this year to fuel the US giant’s ongoing turnaround plan
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NewsMedia Bites 22 August: Waitrose, loyalty cards, Asda
It’s a packed morning in the papers for food & drink news, but Waitrose dominates headlines as it kicks off a new wave of expansion
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NewsCity snapshot: Mini-heatwave boosts supermarket sales as shoppers dine alfresco
Slowing inflation, a short heatwave and price cuts helped supermarkets record the biggest boost to sales so far this year, according to new data released this morning
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NewsMedia Bites 21 August: McDonald’s, Diageo, Just Eat
McDonald’s plans to create 24,000 jobs in the UK and the Republic of Ireland over the next four years as it opens more than 200 restaurants in a sign of faith in the high street
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NewsTyphoo Tea turnaround disrupted as losses balloon to almost £40m
Losses have spiralled to almost £40m at Typhoo Tea as trespassers occupied and damaged its mothballed factory in Merseyside, dealing an unexpected setback to the embattled company’s turnaround attempt
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NewsTofoo Co private equity takeover readies plant-based brand for further growth
The Tofoo Co has been acquired by a new private equity owner to push the plant-based brand to the next stage of growth and continue its mission to take tofu to the masses
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NewsCity snapshot: Wilkins Group invests in future growth
Food packaging firm Wilkins Group has invested £3.6m in peak performance equipment as part of ambitions to push turnover to £70m