All articles by Ed Devlin – Page 44
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NewsCity Snapshot: ‘Unwavering commitment’ in London sees Lidl become capital’s third biggest supermarket
Lidl has overtaken Asda to become the third largest supermarket in London, hitting a market share high of 9.1%.
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NewsCity snapshot: Treatt seeks new CEO as Daemmon Reeve retires
Drinks ingredients supplier Treatt has kicked off a search for a new CEO after Daemmon Reeve informed the board of his decision to retire from the role he has held for the past 11 years. Plus, retail sales register bigger-than-expected drop in September and consumer confidence plunges in October.
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NewsMedia Bites 20 October: shoplifting, Nestle, Deliveroo
Shoplifting has hit a record high of 1,000 offences a day, an unprecedented 25% increase in a year, official figures showed on Thursday.
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NewsCity News: Nestlé shares sink as shoppers baulk at continued higher prices
Shares in Nestlé sank on Thursday as the world’s biggest food group revealed lower-than-expected sales growth in the first nine months of 2023.
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NewsBirds Eye back in growth as shoppers switch to frozen lines
Birds Eye has returned to sales growth as it raised prices to offset inflation and benefitted from cash-strapped shoppers switching from fresh to frozen.
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NewsIndian restaurant Gymkhana plots retail rollout for at-home Michelin starred range
The renowned Indian restaurant has raised $3m (£2.5m) to bring its Michelin star food to the grocery channel
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NewsCity snapshot: Nestlé revenues decline as pressure remains on volumes
Revenues have fallen at Nestlé in the first nine months of 2023 as falling volumes and currency headwinds outweighed higher prices at the Swiss food giant. Plus, Deliveroo reports Q3 update, Science in Sport CEO steps down, McBride profitability jumps despite volatility, Pernod Ricard reports ‘soft’ Q1 and Gusbourn has record harvest.
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NewsMedia Bites 19 October: Sainsbury’s, Asda, inflation, Amazon
Sainsbury’s is axing all of its remaining recycling centres at around 250 of its stores across the UK, despite boasting of its commitment to making it easier for customers to recycle.
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NewsS-Ventures seeks £2.5m funding to turn around fortunes
Embattled fmcg investment firm S-Ventures has kicked off a fundraising effort to bring in at least £2.5m to bolster working capital and help cut costs and drive efficiencies
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NewsSamworth Brothers hires new CFO to replace outgoing Steve Bailey
The food group has appointed Charles Noble as chief financial officer to take over from Steve Bailey when he retires at the end of the year
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NewsAB World Foods adds Capsicana to its international spice mix
The Patak’s and Blue Dragon owner has expanded its repertoire of international brands with the acquisition of the Latin American sauce challenger
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NewsCity snapshot: Food prices fall for first time in two years
Food prices have fallen for the first time in two years in September to keep the overall UK rate of inflation steady at 6.7%. Plus, Just Eat Takeaway lifts annual profit forecasts and Cake Box issues a first-half trading update.
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NewsMedia Bites 18 October: THG, food banks, corner shops
The main fmcg story on a quiet news days is the THG third-quarter results.
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NewsCompleat Food Group acquires vegan cheesemaker Palace Culture
It adds to the chilled group’s existing plant-based brands Squeaky Bean and Vadasz
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NewsFood producers lower prices at fastest rate for three years
Prices charged by food and drink manufacturers fell at the fastest rate in more than three years in September, raising the prospect that inflation is set to ease significantly in the coming months
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NewsCity snapshot: Mults growth slows as price war ramps up
Supermarket growth has slowed and remained below inflation as shoppers take advantage of loyalty scheme discounts, according to the latest data. Plus, THG reports progress in Q3 and food producer prices fall for first time in three years.
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NewsMedia Bites 17 October: National Lottery, food prices, M&S
The incoming operator of Britain’s National Lottery said it expects to initially fall short of promises it made bidding for the lucrative government contract as it prepares to take control of the country’s largest distributor of charity funds.
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NewsCity snapshot: M&S kicks off recruitment drive for 10,000 Christmas staff
Marks & Spencer has launched a recruitment drive to appoint 10,000 customer service assistants for its stores over the Christmas trading period.
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NewsMedia Bites 16 October: chocolate, THG, shoplifting
The current market is tough for chocolatiers, but they are hoping for a happy Christmas this year thanks to the revival of a number of classics and recent sales figures that suggest this could be a bumper festive season.
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NewsCity snapshot: British American Tobacco fills new role of chief people officer
British American Tobacco has appointed Cora Koppe-Stahrenberg to the new role of chief people officer.