All articles by Ed Devlin – Page 35
-
NewsCity snapshot: Reckitt Benckiser shares reeling after US baby formula ruling
Shares in Reckitt Benckiser have rallied this morning but remain at ten-year lows after the multinational saw £5bn wiped from its value on Friday as investors worried about the group’s exposure to lawsuits in the US
-
NewsMedia Bites 18 March: Reckitt Benckiser, Coca-Cola Europacific Partners, Nespresso
Reckitt Benckiser saw £5bn wiped from its market cap after the group was ordered to pay $60m in damages to a mother whose premature baby died after being fed Enfamil infant formula
-
NewsAG Barr to cut 200 jobs as its switches wholesale delivery model
Irn-Bru owner AG Barr is slashing almost 200 jobs in a cost-cutting overhaul that will see the drinks producer change the way it supplies symbol operators and independents
-
NewsCity snapshot: WH Smith CFO Robert Moorhead to retire
WH Smith’s long-serving CFO Robert Moorhead is planning to retire from his position later this year after more than 20 years with the retailer. Plus, Iain McDonald is leaving the board of THG at the end of the month after 14 years
-
NewsMedia Bites 15 March: John Lewis Partnership, Unilever, Greencore, Deliveroo
The John Lewis Partnership results gets acres of coverage in this morning’s papers
-
NewsOddbox records second year in the red with losses of £3.7m
Food waste campaigner Oddbox has recorded another year of losses as revenue growth reversed amid challenging market conditions for DTC providers
-
NewsMedia Bites 14 March: John Lewis Partnership, Nestlé
The latest annual results from the John Lewis Partnership get lots of attention in this morning’s papers
-
NewsPromise Gluten Free set for auction as owner explores options
The Grocer has learned an information memorandum is set to be sent to possible buyers in the coming weeks by Lincoln International, which is running the auction process
-
NewsLiquid Death hits unicorn $1.4bn valuation as it raises $67m for NPD drive
Liquid Death has closed a $67m (£52.4m) fundraising round to value the cult canned water brand at $1.4bn (£1.1bn) as it seeks to ramp up distribution in its domestic US market and accelerate NPD
-
NewsCity snapshot: Resurgent Tesco and Sainsbury’s supports first-half profit growth at Supermarket Income REIT
Property investor Supermarket Income REIT has boosted operating profits by 18% to £45m in the first half following a 10% increase in rent at the company to £104.7m
-
NewsBold Bean Co hires Andrew McIntosh as head of grocery
McIntosh’s past roles include sales manager for posh popcorn brand Joe & Seph’s and most recently as head of international, UK grocery and wholesale sales at vegan confectionery brand LoveRaw
-
NewsGymkhana Fine Foods appoints former Oatly UK boss Ishen Paran as MD
Michelin-starred sauces brand Gymkhana Fine Foods has appointed former Oatly UK boss Ishen Paran as its first managing director for the UK and international markets
-
NewsMedia Bites 12 March: CMA, ONS, Imperial Brands
The competition regulator has launched a formal market investigation into the veterinary market after a review found “multiple issues” in the sector
-
Comment & OpinionLittle Moons has shown it isn’t immune from growing pains
The mochi ball ice cream maker is having a wobble, its first since a viral TikTok post sent sales stratospheric in 2021
-
NewsAlantra teams up with Brand Growth Heroes for challenger ‘Mini MBA’
Mid-market financial services firm Alantra has teamed up with the Brand Growth Heroes accelerator led by Fiona Fitzpatrick to launch a ‘Mini MBA’ for challenger brand founders
-
NewsSamworth Brothers leads £3m investment round for non-HFSS doughnut brand Urban Legend
Samworth Brothers has taken a minority stake in Urban Legend as part of a multimillion-pound investment round to back national expansion at the ‘healthier’ doughnut brand
-
NewsLittle Moons seeks new CEO as Mike Hedges departs
Little Moons has parted company with CEO Mike Hedges after only two years, with co-founder Vivien Wong taking charge while a replacement is found
-
NewsMedia Bites 7 March: Budget, M&S, EG Group, Premier Foods
The morning’s papers are filled with reaction to the latest Budget, but find room for news M&S joint CEO Katie Bickerstaffe is leaving the retailer
-
NewsPukka Pies kicks off £100m potential sale process
Pukka Pies has kicked off an M&A process that could value the brand at upwards of £100m as supermarket sales of its savoury pastries continue to boom
-
NewsCity snapshot: Vimto appeal boosts Nichols in 2023
Soft drinks group Nichols has hailed a “strong” performance in 2023 as the strength of the Vimto brand in the UK and overseas boosted revenues and profits. Plus, Premier Foods will suspend deficit contribution payments from the 1 April and Science in Sport issues a full-year trading update