All articles by Ed Devlin – Page 228
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NewsRobust growth for grocers but challenges remain – CBI
Food retailers reported “robust” growth in sales volumes in the year to May, according to the CBI’s latest quarterly survey.
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NewsCity Snapshot: Sales and EBITDA climb in Q2 for Findus
Frozen giant Findus Group has released an update for its second quarter, with sales up 2% and EBITDA climbing 17% on a year ago.
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NewsMedia Bites 26 May: High street, M&S, Suntory, Costcutter
It’s a slow start to the week following the long bank holiday weekend with little in the way of grocery news in the papers.
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NewsPremier Foods' Gavin Darby hails return of volume growth
Premier Foods CEO Gavin Darby has hailed the return of volume growth at the supermarkets as a turning point…
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NewsKarro bags £74m package to aid next stage of expansion
Pork supplier Karro Food Group has secured a £74m funding package to support UK and international expansion.
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NewsReckitt Benckiser K-Y Jelly deal leads to more friction with competition watchdog
Durex owner Reckitt Benckiser’s attempt to acquire the K-Y Jelly brand is to come under more intense scrutiny from the UK’s deal watchdog as a result of concerns over higher prices for shoppers.
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NewsM&S profits rise as food ‘outperforms’ the market and capex tap is turned off
Marks & Spencer was one of the biggest risers on the FTSE 100 today after posting a 3.4% rise in pre-tax profits to £600m.
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NewsCity Snapshot: Bolland upbeat as M&S reveals first rise in profits under his reign
Marks & Spencer CEO Marc Bolland has praised the performance of the retailer’s food business as the high street bellwether posted a 6.1% rise in underlying pre-tax profits to £661.2m – the first rise in the bottom line for four years. Plus Britvic CFO announces retirement as drinks company posts interim results.
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NewsMedia Bites 20 May: Asda, Walmart, deflation, Premier Foods
Asda licks its wounds as it lags behind rivals; sales and profits fall at Walmart; UK in deflation for first time in 55 years; and Premier Foods and Greencore confident in face of falling prices.
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NewsPremier Foods benefits as supermarkets hit back at discounters
Premier Foods said it was starting to see the benefits of the brutal grocery price war as the supermarkets fight back against the growth of the German discounters.
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NewsAsda sales slump in ‘most challenging year yet’ for supermarkets
Asda has revealed a 3.9% fall in like-for-like sales during an “unprecedented” quarter in the grocery market.
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NewsCity Snapshot: Sales sizzle past £1bn at Cranswick
Sales at pork supplier Cranswick pass £1bn for the first time. Plus, Thorntons begins search for new CEO as Jonathan Hart resigns; Co-op executives survive stormy AGM; and shares in M&S soar as retailer gets set to unveil rise in profits.
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NewsMedia Bites 18 May: M&S, Co-op, Massimo Zanetti
Pressure eases on M&S CEO as retailer set to post rise in profits; Co-op executives face stormy AGM; and Massimo Zanetti to raise €200m.
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NewsC&C Group sales climb despite challenging environment
C&C also revealed a €67.8m loss due to a €150m impairment charge related to its US operations
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NewsCoca-Cola HBC boosts FTSE 100 as first quarter sales fizz
Coke bottler Coca-Cola HBC helped drive the FTSE 100 higher this morning after posted an unexpected rise in first-quarter sales.
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Analysis & FeaturesCrowdfunding: the advantages and the risks
More and more fmcg start-ups are turning to crowdfunding to raise cash. So what makes a successful crowdfunding bid?
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NewsPrice war set to drive M&A consolidation, warns Grant Thornton
UK M&A volumes held up in the first quarter of 2015, but deal values were significantly down as small-scale consolidation dominated the market.
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Analysis & FeaturesNomad Foods sets sights on frozen empire in wake of Iglo deal
Findus tipped but there are many candidates ripe for netting
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NewsBirds Eye sales slump as Nomad steps in
Newly filed accounts at Companies House for the UK business revealed pre-tax profits plunged more than £20m (26%) to £62.7m on sales down 4.6% to £446.3m in 2014
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NewsCity Snapshot: Former Morrisons boss takes home £2.1m in final 12 months
Sacked Morrisons CEO Dalton Philips was given a total pay package of £2.1m last year, which included a £1m annual bonus. Plus East of England Co-op reports full-year results and Divine Chocolate merges UK and US businesses.