All articles by Ed Devlin – Page 42
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NewsMedia Bites 6 July: Asda, Waitrose, Diageo
Asda has been summoned to appear before MPs again after “discrepancies” emerged over its fuel pricing strategy and “unclear” fire-and-rehire policy.
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NewsMeatless Farm administration report lifts lid on collapse
Meatless Farm owed creditors more than £2m when it collapsed last month, according to a report, which also revealed how much vegan rival VFC paid to rescue brand
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NewsCity snapshot: Supreme upgrades profit forecasts as it strikes ElfBar distribution deal
Vape manufacturer Supreme has significantly upgraded its profit expectations for its 2023/24 financial year. Plus, Science in Sport chairman John Clarke is stepping down after nine years
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NewsMedia Bites 4 July: Fuel prices, Unilever, plant-based, low & no
The CMA’s report on supermarket price practices at the forecourts makes headlines in this morning’s papers.
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NewsHeather Mills picks up Plant & Bean meat alternatives factory from administration
Mills – the founder of plant-based group VBites – purchased the Lincolnshire factory and associated equipment from administrators at Interpath for an undisclosed sum
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NewsCity snapshot: Tesco confirms appointment of Tate & Lyle chairman to replace John Allan
Tesco has appointed Gerry Murphy as its new chairman to replace scandal-hit John Allan. Plus, shares in Science in Sport have been suspended, and Eagle Eye to enhance Morrisons loyalty offering following contract win.
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NewsYum Bug to take insects mainstream with BrewDog backing
The business secured £200k from James Watt and topped up with another £101k from more than 320 investors on Crowdcube, with the round valuing the startup at £5m
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NewsMedia Bites 29 June: Greedflation, Ocado/Amazon, Nestlé
A quiet morning in the papers that covers Chancellor Jeremy Hunt scrutinising profits in the food industry supply chain and Ocado Amazon rumours fading away.
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NewsFoodhak acquires The Pure Package and Balance Box from liquidation to expand offering
Ayurvedic ready meal business Foodhak has acquired healthy meal delivery business The Pure Package and sister company Balance Box out of liquidation
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NewsProject D closes crowd round to back rollout of doughnut stores
Premium doughnut maker Project D has raised close to £500k from the crowd to aid a retail store rollout
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NewsCity snapshot: Dekel Agri-Vision profits fall despite record palm oil prices
Profits at Dekel Agri-Vision have fallen despite the company benefitting from record palm oil prices as a poor harvest hit production at the agribusiness group.
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NewsMara Seaweed administrators urgently seeking rescue for seasonings brand
The Scottish seaweed brand is on the verge of closing its doors as administrators seek a rescue deal to save the business
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NewsMedia Bites 27 June: ABF, Ocado, Sainsbury’s, food prices
A profits upgrade from ABF makes headlines this morning, alongside news of a fund chaired by George Osborne upping its stake in Ocado and a continued focused on food prices.
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NewsHooked lands seven-figure funding to cast net for plant-based fish wider
The Swedish plant-based fish startup is set to close a seven-figure funding round to expand outside its domestic market, with plans in place to launch in the UK next year
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NewsCity snapshot: Associated British Foods lifts profit expectations
Associated British Foods has raised its profit forecasts for the year as the grocery and ingredients divisions benefitted from price rises. Plus, Cake Box is upbeat about year ahead as it reports falling profits and Sainsbury’s announces a £15m investment to cut the price of cupboard staples such as rice and pasta.
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Analysis & FeaturesThe inside story of Meatless Farm’s rise and fall
Meatless blamed an investor pullout, but others attribute the brand’s ‘unbelievably bad’ numbers to poor management
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NewsMedia Bites 23 June: Ocado, Morrisons, Tesco, DS Smith
Rumours of Amazon interest in Ocado has generated lots of excitement and stories in this morning’s papers.
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NewsMedia Bites 22 June: Arla, THG, Ocado
This morning’s papers pick up on warnings by Arla of a lack of workers, THG’s founder giving up his “golden share” and bid speculation around Ocado.
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NewsVFC confirms rescue of Meatless Farm
The Meatless Farm brand in the UK will be retained to complement and diversify VFC’s range of frozen plant-based chicken products
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NewsFood inflation slows for second month in a row
Food inflation has slowed for the second consecutive month but the UK’s headline rate remained unchanged, according to new figures this morning. Plus, a trading update and exec appointment from THG ahead of its AGM, and Vimto owner Nichols appoints an interim CFO.