All articles by Ed Devlin – Page 31
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NewsADM snaps up London ingredients business FDL
Global grains merchant ADM has continued on the acquisition trail, picking up the London-headquartered ingredients business for an undisclosed price
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NewsMedia Bites 20 December: Asda, Anadolu Efes, ABF
The papers focus on the latest appearance of Mohsin Issa before MPs at the business and trade committee
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NewsCity snapshot: Food inflation falls to lowest since May 2022
Food price inflation has fallen for the eighth month in a row, helping the UK headline rate to slow by more than expected, according to official data this morning.
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NewsMyco appoints former VBites MD David Wood as new CEO
David Wood will take charge as the Darlington-based business ramps up production of its plant-based sustainable meat alternative at a purpose-built site in North Yorkshire
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NewsCity snapshot: ADM expands into dairy with Revela Foods deal
Global food processing and commodities giant ADM has acquired Revela Foods to expand its capabilities into the dairy category.
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NewsMedia Bites 19 December: Unilever, Tata, fuel prices
The latest sell-off at Unilever is the main fmcg news in this morning’s papers.
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RankingsReady meals 2023: Asian options benefit from at-home shift
Shoppers are turning to east Asian flavours as an alternative to pricier takeaways and meals out
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NewsLDC exits Cakesmiths as European bakery steps in
Handmade cakes supplier Cakesmiths has been acquired by European frozen pastries group Onore, providing private equity backer LDC with an exit
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NewsChristmas deadline set to find buyer for collapsed VBites
Administrators are racing to find a new buyer for Heather Mills’ vegan brand VBites before a Christmas deadline following its collapse into administration
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NewsWillicroft raising funds to launch fermented plant-based butter
Dutch vegan cheese maker Willicroft is aiming to raise €350k from the crowd
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NewsMedia Bites 15 December: interest rates, Christmas dinner, Campari
The Bank of England kept rates steady at 5.25% on Thursday as governor Andrew Bailey warned there was “still some way to go” before inflation hit its target.
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NewsMedia Bites 14 December: Apprentice levy, Berry Bros, Diageo
Britain’s biggest supermarkets, including Tesco, Asda and Morrisons, are calling on the government to reform the apprenticeship levy to address “critical and persistent” labour shortages.
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NewsBoots owner explores potential London IPO
The US owner of Boots is once again exploring options to sell off the UK pharmacy chain, including the possibility of a flotation on the London Stock Exchange
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NewsFramptons targets UK oat milk sector after buyout by Profura
Framptons has set it sights on becoming the number one player in the UK oat milk category after a buyout by a Swedish investment firm secured the contract manufacturer’s future, its new boss has told The Grocer.
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NewsMedia Bites 7 December: BAT, CMA, EG Group, THG
News of BAT writing down the value of some of its US cigarette brands made headlines today, along with the latest blast from the CMA against land practices of Morrisons and M&S.
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NewsWholebake sells Deeside Cereals to Weetabix in turnaround attempt
Snack maker Wholebake has sold its own-label cereal business to Weetabix in a drive to simplify operations as part of a turnaround effort
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NewsPukka Herbs suffers mass redundancies as Lipton Teas integrates herbal brand
Pukka Herbs is in the final stages of being fully integrated into its private equity-owned parent company, Lipton Teas & Infusions
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NewsCity snapshot: British American Tobacco hit by US economic slowdown and rise of illegal vapes
British American Tobacco is taking a £25bn one-off hit as it writes down the value of its traditional cigarette brands in the US, the London-listed group said this morning in a trading and strategy update.
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NewsValeo Foods urged to 'cease acquisitions and focus on turnaround'
Valeo Foods must focus on turning around its UK snacking business and hold off from acquisitions to avoid any further deterioration in its credit rating, according to Moody’s
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NewsMedia Bites 5 December: Christmas shrinkflation, retail sales, Lidl
The papers focus on the high street in the lead up to Christmas, with consumers set to pay more this year.