All articles by Ed Devlin – Page 224
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News
WhiteWave acquires plant-based foods group for $550m
Alpro owner WhiteWave Foods Company has agreed to buy a plant-based foods manufacturer Vega for $550m (£354.5m).
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News
Permira gorges on healthy snacking businesses
Investment firm Permira, which recently sold Birds Eye owner Iglo Group to Nomad Foods, is combining two US snacks businesses after snapping up Medora Snacks and Ideal Snacks.
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NewsSupermarket woes to drag on to 2017, Moody's warns
Margins at the big four UK grocers are unlikely to recover for another 12 to 19 months as the price war continues to rage and like-for-like sales decline, ratings agency Moody’s has warned.
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NewsSainsbury’s boss Mike Coupe sees better times ahead
Sainsbury’s CEO Mike Coupe has speculated that its 2.1% first quarter like-for-like sales decline could signal the “low point of the cycle” as deflation eases and volumes return.
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NewsPoundland shares fall to all-time low after house broker downgrade
Shares in Poundland have fallen today to their lowest price since the discount chain floated in March 2014 on the back of a downgrade from its house broker.
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NewsCity Snapshot: Food sales stablise in May
Britain’s grocers saw food sales stabilise in May but the chilly weather and lack of sustained sunshine dampened overall retail figures for the month, according to the latest BRC-KPMG Retail Sales Monitor.
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NewsMedia Bites 9 June: Boots, Diageo, e-cigarettes
Boots cuts 700 jobs to concentrate on online and Diageo takeover rumours add almost £3bn to its value in one fell swoop
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NewsHambledon Vineyard raises £3.5m in mini-bond scheme
One of England’s oldest vineyards has raised £3.5m in a crowdfunding scheme to help expand its output and build up stocks.
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NewsCrawshaw buying director retires after 25 years
Independent butcher Crawshaw Group is searching for a new buying director after Colin Crawshaw stepped down from the board.
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NewsCity Snapshot: Morrisons fires latest salvo in price war
David Potts has revealed his first round of price cuts since taking charge, slashing the prices on 200 “everyday items”
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NewsMedia Bites 8 June: Morrisons, Sainsbury’s, Tesco
Things aren’t looking any easier for Britain’s big supermarkets this week as Tesco admits it is likely to have breached the industry code of practice in dealing with suppliers, Sainsbury’s is expected to reveal sales have dropped again and Morrisons ramps up the price war with cuts to 200 items.
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NewsDescheemaeker outlines plans as Nomad Foods eyes Findus Group
In his first week in the job, Nomad Foods boss Stéfan Descheemaeker has entered talks to snap up Findus Group…
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NewsCity Snapshot: Waitrose sales rise during half-term week
Waitrose has increased its weekly sales 1.1% to £121.1m despite tough comparatives and continued food price deflation. Plus Morrisons shares down more than 2% so far, making it the FTSE 100’s biggest faller.
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NewsMedia Bites 5 June: Morrisons, M&S, Sainsbury's
This morning’s papers are dominated by news of bonuses paid to the bosses at Britain’s biggest retailers, as Morrisons suffers shareholders revolt and M&S and Sainsbury’s reveal details of top pay packages.
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Analysis & FeaturesThe sun and Sir Ken both shine on Morrisons at AGM
The sun and Sir Ken were both shining on Messrs Higginson and Potts at Morrisons HQ today at the supermarket’s AGM.
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NewsNomad in early stage talks with Findus Group
Nomad Foods has confirmed it is in talks to net Findus Group as it continues its efforts to create a food and drinks giant.
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NewsWilson’s rescue deal hands Kendal Mint Cake maker sweet reprieve
A 102-year-old chocolate maker and one of the original manufacturers of Kendal Mint Cake has been acquired out of administration, saving all 121 jobs.
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NewsCity Snapshot: LondonMetric purchases £26m convenience portfolio for five new M&S Food Halls
Property investment group LondonMetric buys five M&S Simply Food stores for £26m, BAT will appeal a fine imposed by the Canadian courts and Morrisons faces demotion from the FTSE 100.
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NewsMedia Bites 2 June: Morrisons, British American Tobacco, Kraft
Morrisons miserable week looks set to continue as it faces demotion from the FTSE 100; BAT will appeal the massive fine slapped on its Canadian subsidiary and the two companies which made up Kraft Foods have given the first detailed rebuttal of government charges that they manipulated the price of the grain.
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NewsNomad Foods looks forward as Iglo deal completes
Nomad co-founder Noam Gottesman has said the completion of the €2.6bn acquisition of Birds Eye owner Iglo marks the start of ambitious investment group’s growth story.