All articles by Ed Devlin – Page 32
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NewsRenshaw acquired in rescue deal by British Bakels as parent Real Good Food collapses
Cake decoration brand Renshaw has been saved after a long-running turnaround attempt by owner Real Good Food failed, with the business rescued from administration by a Swiss bakery ingredients manufacturer. The deal saves 200 jobs.
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NewsCity snapshot: PZ Cussons audit chairman steps down at Carex maker
Non-executive director Jeremy Townsend will leave the maker of Imperial Leather, Carex and Original Source on 24 February 2024 to reduce his non-executive commitments.
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NewsFramptons aims to be leading oat milk supplier after takeover by Swedish investment firm
Contract manufacturer Framptons has secured its future after being taken over by a Swedish investment company
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NewsCity snapshot: Bargain hunters give glimpse of recovery for High Street
Retail footfall showed early signs of recovery in November as shops lured in consumers looking for Black Friday and Christmas bargains, according to new data.
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NewsMedia Bites 1 December: baby formula, Wilko, THG
The boss of Iceland has hit out at “exploitation” of new parents and joined calls for a price cap on baby formula after the competition watchdog found evidence of greedflation by leading manufacturers.
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NewsCity News: Greencore shares decline despite stabilising performance
Shares in Greencore tumbled this week despite the sandwich maker reporting significant progress in its ongoing recovery.
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News2 Sisters hunts buyer for Gunstones hot cross bun bakery
2 Sisters Food Group has hired bankers to find a new home for its hot cross bun bakery in Derbyshire as part of continuing efforts to offload non-core assets.
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NewsCity Snapshot: Profits fall at EG Group in ‘competitive’ fuel market
Profits have fallen at forecourt operator EG Group on the back of lower third quarter volumes. Plus, Rémy Cointreau publishes first-half results.
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NewsMedia Bites 30 November: CMA, Deliveroo, Greggs
The report by the CMA on profiteering makes headlines across the papers today.
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NewsHiggidy sinks to a loss as inflation and bakery expansion hit savoury pastry maker
The upmarket savoury pastries brand was hit by disruption during a major bakery upgrade and experienced a massive spike in costs
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NewsNix & Kix returns to the crowd as it launches in Tesco
Soft drinks challenger Nix & Kix has hit a £300k crowdfunding target to support supermarket listings as its range of cans is launched into Tesco
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NewsCity snapshot: Deliveroo expands in DIY with Screwfix partnership
Deliveroo is betting on an expansion into non-food retail to boost future growth as the delivery firm reiterated its profit forecasts for the year ahead of the group’s first capital markets day today.
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NewsMedia Bites 29 November: Wilko, Deliveroo, Greencore, Pets at Home
The appearance before MPs of Wilko chairwoman Lisa Wilkinson dominates the headlines this morning.
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NewsGreencore boss Dalton Philips signals further price increases amid soaring wages
The boss of sandwich maker Greencore has warned of potential further price hikes
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NewsRetailers warn of prolonged inflation as government increases business taxes
Food prices have continued to rise at a slower pace in November but the British Retail Consortium warned a new raft of higher costs hitting business could derail falling inflation in 2024.
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NewsMedia Bites 28 November: Wilko, Unilever, M&S, inflation
The HMV owner Doug Putman has said his planned rescue of the retailer Wilko collapsed because “everyone just got a little bit greedy” and was not thinking about the jobs that could have been saved.
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NewsCity snapshot: Greencore boosts revenues and profits as it passes on inflation
Greencore has boosted annual revenues and profits as it recovered cost inflation and also improved volumes. Plus, the latest inflation figures from the BRC, annual results at Treatt and half-year results at Supreme and Pets at Home.
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NewsCity snapshot: British American Tobacco urges crackdown on vaping
British American Tobacco, the UK’s largest listed tobacco and vaping company, has launched what it called “a multi-pronged media campaign” urging for new regulations on vaping.
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NewsMedia Bites 27 November: Boots, climate change, M&S, Diageo
A packed weekend of fmcg and retail news in the paper sees Boots in focus as its parent company handed responsibility of its defined benefit pension scheme to Legal & General
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NewsMedia Bites 23 November: Autumn Statement, Asda, Britvic
The papers this morning are dominated by yesterday’s Autmn Statement.