All articles by Ed Devlin – Page 45
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NewsQuorn owner hit by cost hikes and falling demand in meat-free
Quorn parent Marlow Foods has plunged into the red as soaring costs, falling demand for plant-based in supermarkets and one-off redundancy charges hit the Monde Nissin-owned group.
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NewsHeinz profits increase despite Tesco dispute
Heinz has recorded bumper profits in the year it pulled products from Tesco shelves after a row over price rises.
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NewsMedia Bites 13 October: vaping, Boots, Finsbury Food
The UK has launched a consultation into restricting the sale of vapes, as both major political parties support imposing much harsher rules on the sale of enticing disposable e-cigarettes that have soared in popularity among children.
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NewsRobson-Kanu shots brand The Turmeric Co nets £1m for global push
The Turmeric Co, the functional shots challenger launched by footballer Thomas Hal Robson-Kanu, has closed a Series A fundraise to support global growth
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NewsCity snapshot: Hotel Chocolat back on the front foot after year of losses
Hotel Chocolat’s boss said the high-end confectionery chain is back “on the front foot” as it rolls out its new experience-led store format. It comes after a year of losses as the group restructured its international business.
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NewsMedia Bites 12 October: CBD, LVMH, GSK
UK food regulators have slashed the recommended safe daily dose of cannabidiol (CBD), a cannabis extract present in thousands of high street products from muffins to coffees, citing a risk of liver damage and thyroid issues.
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NewsBlue Ocean owes suppliers £3m as it heads for liquidation
Third-party distributor Blue Ocean is on the brink of collapse and is set to leave suppliers facing losses of almost £3m, The Grocer has learned
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NewsWhole Food Earth adds Raw Gorilla to healthy foods portfolio
It marks the family-run business’s second deal in 10 months, following the revival of collapsed online supermarket The Vegan Kind in December
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NewsCity snapshot: Marston’s flags strong performance for new strategy
Pub group Marston’s has increased like-for-like sales by 10.1% in the year to 30 September thanks to a “strong” performance for food and drink.
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NewsVFC Foods expands plant-based offering with acquisition of Clive’s Purely Plants
VFC’s move follows the rescue of Meatless Farm in June
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NewsMedia Bites 10 October: Ultra-processed foods, Labour, grape harvest
Ultra-processed foods including chocolate bars should be labelled as “addictive substances” to help tackle soaring global obesity rates, a team of scientists have argued.
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NewsCity snapshot: BlueNalu raises $33.5m to scale lab-grown seafood
Lab-grown seafood innovator BlueNalu has raised $33.5m in a series B funding round to continue progress towards launching its sustainable, high-end bluefin tuna across the world.
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NewsThis targets profitability after heavy losses
Meat alternative producer This is targeting profitability by 2025 as it shifts focus from hyper-growth to improving margins following heavy losses.
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NewsMedia Bites 5 October: Tesco, big tobacco, Carlsberg
Tesco’s latest results grabs all the headlines this morning in the papers, alongside a hit to share prices of big tobacco as Rishi Sunak plans to raise the smoking age.
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NewsCity snapshot: Tesco raises profit guidance after “strong” first half
Tesco has lifted its outlook for the year as revenues and profits jumped in the first half, with CEO Ken Murphy expecting food inflation to continue to slow over the coming months.
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NewsSrsly Low Carb hits crowd target as it aims for retail push
Health food brand Srsly Low Carb has hit a £200k crowdfunding target to roll out more of its products across the retail channel
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NewsElla’s Kitchen CEO Mark Cuddigan steps down after 12 years
Long-serving Ella’s Kitchen CEO Mark Cuddigan is stepping down from the babyfood supplier just weeks after owner Hain Celestial unveiled a global restructuring programme, The Grocer can reveal
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NewsDistressed deals boost M&A activity
A surge in distressed acquisitions has boosted dealmaking figures once again as difficulties in the meat-free and brewery industries led to a pick-up in M&A activity, according to a new report
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NewsMedia Bites 3 October: John Lewis Partnership, food prices
Sharon White’s decision to throw in the towel as chairman of JLP is the main focus of this morning’s papers.
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NewsFlawsome eyes foodservice push and return to retail with £200k investment
Wonky fruit juice startup Flawsome has raised £200k in new backing to boost its foodservice distribution and push for a return to supermarket shelves