All articles by Ed Devlin – Page 41
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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.
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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.