All articles by Ed Devlin – Page 222
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NewsMedia Bites 4 August: Heineken, Sainsbury’s Bank, Kraft
Heineken’s first-half results show why the Dutch brewer is often highlighted as a takeover target; Sainsbury’s Bank cuts interest rates for Nectar cardholders; Kraft recalls 36,000 cases of individually wrapped cheese slices which pose a choking hazard; and Walmart removes realistic toy guns from its shelves.
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NewsJerky Group creates ‘house of brands’ with Cruga merger
The Jerky Group has agreed to merge with biltong and meat snacks supplier Cruga to form a combined company with revenues of about £12m.
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NewsCity snapshot: Heineken innovation and premium brands helps sales fizz
Revenues climb 7.2% to €10.93bn at Heineken in its first half thanks to volume, growth, innovation and the premium sector.
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NewsLiving wage increases to hit big four bottom line, warns Moody’s
George Osbourne’s hike of the minimum wage will hit food retailers the hardest with the Big Four UK grocers’ profits coming under particular pressure, according to a new report by Moody’s.
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NewsGreggs eyes growth potential of opening for longer on Sundays
A relaxation of Sunday trading laws could give a further boost to fast-growing Greggs, CEO Roger Whiteside has claimed…
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NewsBritvic appoints SABMiller South African finance chief as CFO
Britvic has appointed the finance chief of SABMiller’s South African division as CFO to succeed the outgoing John Gibney.
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NewsTate & Lyle reassures market with “solid” start
Investors flocked to Tate & Lyle to send its shares up 6.7% after the ingredients group reassured the market with a steady first quarter trading update.
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NewsIndian regulations to curb profit growth of European brewers
High barriers to entry into the lucrative Indian alcoholic beverage market are a boon to drinks giants Heineken, SABMiller, Diageo and Pernod Ricard, according to a new report from Moody’s.
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PPS packages up acquisition of Alison Handling Services with BGF backing
Returnable transit packaging company PPS has acquired a rival business with £4.9m backing from the Business Growth Fund.
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NewsP&G appoints company veteran as Lafley successor
Procter & Gamble veteran David Taylor is stepping into the shoes of AG Lafley when the chief executive and president of the global…
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NewsGreggs shares punch past £12 on more strong growth
A seventh quarter of unbroken growth at Greggs saw shares in the high street chain leap by more than 60p to break past £12 each as sales in the first half touched close to £400m.
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NewsCity snapshot: Greggs rises as consumer appetite for breakfast deals grow
Demand for its breakfast deals and new range of lower calorie sandwiches have helped high street chain Greggs post another strong set of results.
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NewsMedia Bites 29 July: P&G, Kantar, Diageo
P&G appoints a company veteran to step into CEO AG Lafley’s shoes; Kantar Worldpanel’s latest market share figures get a wide airing; The Guardian is the latest national to report on The Grocer’s scoop that Tesco is culling lunchbox-sized sugary drinks from its shelves; and there is also room for a look ahead to Diageo’s annual results tomorrow.
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NewsDiageo to end Heineken partnership and go it alone in South Africa
Diageo is selling off its stakes in a joint venture with rival drinks giant Heineken as it restructures its operations in South Africa and Namibia.
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NewsGreencore sales climb as food-to-go continues to shine
New product lines at Greencore’s £35m Northampton factory have contributed toward the growth of the sandwich maker’s food-to-go business in the UK during its third quarter.
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NewsCapvest takes control of Valeo Foods
Irish agri-business Origin Enterprises has sold its 32% stake in Jacob’s owner Valeo Foods Group
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NewsCranswick revenues climb thanks to “strong” volume growth
Meat supplier Cranswick has registered a robust start to its new financial year, with sales in the first quarter up 8% as volumes jump 7%.
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NewsCity snapshot: Fever-Tree reports soaring sales
Fever-Tree has reported soaring sales of £24.1m - up 62% - in its first half, with adjusted EBITDA rising 68%
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NewsMedia Bites 27 July: Morrisons, space race, Diageo
Buyers at Morrisons have attempted to secure one-off payments from about 20 suppliers in a potential breach of the GCA, according to The Guardian. Diageo boss Ivan Menezes is expected to play down the SEC investigation into alleged ‘channel stuffing’ in this week’s annual results.
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NewsDanone sales up as it looks to return to growth in dairy
French dairy group Danone has reported “solid and profitable” growth in its first half, with sales up 4.6% in the six months and 4.5% in the second quarter, despite continued volatility in European dairy markets.