All articles by Ed Devlin – Page 39
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NewsBeyond Meat shares hammered as sales plummet in Q2
Beyond Meat cut losses in the second quarter thanks to lower costs following mass redundancies made in 2022
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Comment & OpinionBeyond Meat’s plunging results are not the final blow for plant-based
Beyond Meat revealed plunging second-quarter sales of almost a third, driven by shoppers’ diminishing appetite for the plant-based meat
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NewsSerious Sweets acquires free-from confectionery brand Lexi’s
The acquisitive confectionery group has added a healthier brand to its portfolio with the takeover of mallow and protein bar brand Lexi’s
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NewsMedia Bites 8 August: Food prices, retail sales, Beyond Meat
It’s a quiet morning for fmcg news in the papers, with stories on food inflation and faltering retail sales.
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NewsCity snapshot: Carr’s CEO Peter Page steps down
Agriculture and engineering group Carr’s has kicked off a search for a new CEO after Peter Page decided to step down from the helm next year.
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NewsMedia Bites 4 August: Wilko, M&S, AB InBev, interest rates, Amazon
Fears over the future of Wilko and its 12,000 employees dominate the headlines this morning.
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NewsMedia Bites 3 August: Brexit, Asda, Co-op Food, Coca-Cola Europacific Partners
Plenty of fmcg news in this morning’s papers, including further delays to post-Brexit border controls, Asda publishing local fuel prices, shoplifters running riot, a Coca-Cola Europacific Partner deal and results from Haleon.
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NewsXOXO gut health soda startup secures £1.5m to bolster growth
Prebiotic soda startup XOXO has secured £1.5m to support the business’s rapid growth
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NewsAmino Drinks lands £300k funding for sports performance brand
Performance drinks startup Amino has secured £300k from the East of England Regional Loan Scheme to support its growth
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NewsCity snapshot: CCEP proposes $1.8bn acquisition of Coca-Cola Beverages Philippines
Coca-Cola Europacific Partners is in advanced talks to buy the Philippino Coke bottler from the Coca-Cola Company in a deal that could be worth $1.8bn. Plus, first-half results from Haleon and Kerry Group.
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NewsMeatless Farm European losses totalled €20m, new bankruptcy report reveals
Meatless Farm racked up losses of almost €20m (£17.1m) in just more than three years of operating in Europe, a new bankruptcy report in the Netherlands has revealed
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NewsThe Cheeky Panda completes senior team with new hires
The Cheeky Panda has hired two new executives to complete its senior management team and ready the sustainable hygiene challenger for the next stage of growth.
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NewsMedia Bites 1 August: Shop prices, Heineken, vaping
UK shop prices dipped month on month in July for the first time in two years, according to industry data published this morning.
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NewsCity snapshot: Heineken cuts profit expectations as drinkers balk at higher prices
Heineken has lowered profit forecasts for the year after a weaker-than-expected first-half performance as higher prices put off drinkers.
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NewsMedia Bites 28 July: Nestlé, Ocado, Oatly
Nestlé has said price rises will start to ease in the second half of the year, as the KitKat maker raised its sales outlook on better than expected performance in the six months to the end of June.
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NewsPlant & Bean owed creditors £6m at time of administration
Failed meat alternative manufacturer Plant & Bean ran up losses of at least £7m in just two years of trading and owed creditors more than £6m when it collapsed earlier this year, new documents have revealed.
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NewsOatly shares collapse as plant-based brand drastically cuts growth forecasts
Oatly shares have crashed once again as the embattled plant-based group drastically cut its sales outlook for the year
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NewsMedia Bites 27 July: Coca-Cola, Reckitt, Danone, Co-op
A packed morning in the papers takes in rising prices at Coca-Cola, Reckitt, Danone and BAT, with a potential strike set to hit Irn-Bru supplies and Co-op revealing record crime figures.
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NewsVimto owner Nichols’ focus on packaged brand pays off in first half
A shift in strategy to focus on the core Vimto brand and reduce exposure to the out-of-home channel has paid off in the first half of 2023, according to CEO Andrew Milne
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NewsJust Eat Takeaway CFO Brent Wissink resigns as group returns to profitability
Wissink is stepping down to “pursue other opportunities” and will resign from the board next May