All articles by Ed Devlin – Page 44
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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.
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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.