All articles by Ed Devlin – Page 227
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NewsBirds Eye owner reeled in by investment group for €2.6bn
Birds Eye owner Iglo has been sold to an investment company for €2.6bn (£1.84bn), private equity backer Permira has confirmed.
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NewsCity Snapshot: Supermarket war takes toll on suppliers and producers
Supplier and food producers are feeling the pain of the long and brutal supermarket price war in what recovery specialist Begbies Traynor said was a “savage landscape”.
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NewsMedia Bites 20 April: Tesco, Birds Eye, Co-op
Tesco readies itself for ‘horror show’ results, Birds Eye owner Iglo set to be sold for €2.6bn, and Co-op can’t commit to Fairtrade in tough trading environment
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NewsPoundland sticks to its guns forcing in-depth CMA investigation of 99p deal
Poundland £55m acquisition of rival discounter 99p Stores will face in-depth scrutiny from the Competition and Markets Authority after the group decided not to allay the watchdog’s monopoly fears.
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NewsNestlé beats Q1 expectations with sweet organic sales growth
Food behemoth Nestlé registered sales of CHF20.9bn (£14.6bn) in its first quarter thanks to organic growth being ahead of expectations at 4.4%.
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NewsMedia Bites 16 April: Tesco, Sainsbury’s, Co-op
Tesco gets set to hand back last corporate jet; Sainsbury’s reveals plans to give food space over to non-food; and new Co-op chairman Allan Leighton is accused by old guard of being a ‘dictator’.
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NewsCrawshaw carves space into the North West with £3.9m Gabbotts deal
Crawshaw Group is taking steps toward its ambitious target of running 200 stores after paying £3.9m to snap up Gabbotts Farm.
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NewsBakeaway sale saves the jobs of 60 staff
A Midlands-based baking products manufacturer which supplied the supermarkets and the food service industry has been sold out of administration, saving the jobs of all 60 staff.
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NewsCity Snapshot: Carr's posts record first-half performance
Listed agriculture and milling group Carr’s has increased pre-tax profits despite its revenues dipping in a record first-half performance. Plus Halfords loses another leading executive.
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NewsMedia Bites 13 April: Deflation, Co-op, Asda
Britain could be heading for deflation for first time in half a century; Co-op top brass set for bumper bonus; and Asda begin the search for a new chief eoperating officer.
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NewsThomas J Fudge's mulls sale as brand overhaul continues
Thomas J Fudge’s Remarkable Bakery is working with corporate adviser Grant Thornton on a potential sale of the business.
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Analysis & FeaturesRussian ban pushes down produce prices
The loss of the Russian market has led to stockpiling of many fruits and vegetables, and pushed down prices
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NewsMajestic Wine adds online potential with £70m Naked Wines takeover
Majestic Wine has swooped for rival Naked Wines in a £70m deal which will rapidly accelerated the listed retailer’s online plans and gives the listed group a new CEO.
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NewsCity Snapshot: Majestic Wines appoints CEO as it acquires Naked Wines
Majestic Wines appoints new CEO as it pays £70m to takeover Naked Wines. Plus Carrefour reveals strong quarter one figures and Waitrose has “best-ever” Easter for non-food.
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NewsMedia Bites 10 March: Poundland, Co-op, Boots
Three retailers dominate the business pages this morning as Poundland is frustrated by the monopoly watchdog, Co-op’s rescue plan gains traction and Walgreens Boots Alliance reports first half results.
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NewsCranswick finishes year with ‘strong’ quarter
Listed meat supplier Cranswick has finished the year with a “strong” quarter as underlying sales rose by 1%.
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NewsCamden Town Brewery sells 20% stake to private family for £10m
Camden Town Brewery has agreed to sell 20% of the business to a Belgian manufacturing family for £10m.
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NewsCaterway shuts its doors following collapse in trading
Wholesaler Caterway has ceased trading after attempts to secure the external investment it needed to survive failed.
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NewsCity Snapshot: 2015 economic outlook is "encouraging", says CBI
Economic growth held steady in the UK during the first quarter and is expected to gather momentum over the next three months