All articles by Ed Devlin – Page 49
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NewsMedia Bites 4 August: Wilko, M&S, AB InBev, interest rates, Amazon
Fears over the future of Wilko and its 12,000 employees dominate the headlines this morning.
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NewsMedia Bites 3 August: Brexit, Asda, Co-op Food, Coca-Cola Europacific Partners
Plenty of fmcg news in this morning’s papers, including further delays to post-Brexit border controls, Asda publishing local fuel prices, shoplifters running riot, a Coca-Cola Europacific Partner deal and results from Haleon.
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NewsXOXO gut health soda startup secures £1.5m to bolster growth
Prebiotic soda startup XOXO has secured £1.5m to support the business’s rapid growth
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NewsAmino Drinks lands £300k funding for sports performance brand
Performance drinks startup Amino has secured £300k from the East of England Regional Loan Scheme to support its growth
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NewsCity snapshot: CCEP proposes $1.8bn acquisition of Coca-Cola Beverages Philippines
Coca-Cola Europacific Partners is in advanced talks to buy the Philippino Coke bottler from the Coca-Cola Company in a deal that could be worth $1.8bn. Plus, first-half results from Haleon and Kerry Group.
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NewsMeatless Farm European losses totalled €20m, new bankruptcy report reveals
Meatless Farm racked up losses of almost €20m (£17.1m) in just more than three years of operating in Europe, a new bankruptcy report in the Netherlands has revealed
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NewsThe Cheeky Panda completes senior team with new hires
The Cheeky Panda has hired two new executives to complete its senior management team and ready the sustainable hygiene challenger for the next stage of growth.
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NewsMedia Bites 1 August: Shop prices, Heineken, vaping
UK shop prices dipped month on month in July for the first time in two years, according to industry data published this morning.
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NewsCity snapshot: Heineken cuts profit expectations as drinkers balk at higher prices
Heineken has lowered profit forecasts for the year after a weaker-than-expected first-half performance as higher prices put off drinkers.
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NewsMedia Bites 28 July: Nestlé, Ocado, Oatly
Nestlé has said price rises will start to ease in the second half of the year, as the KitKat maker raised its sales outlook on better than expected performance in the six months to the end of June.
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NewsPlant & Bean owed creditors £6m at time of administration
Failed meat alternative manufacturer Plant & Bean ran up losses of at least £7m in just two years of trading and owed creditors more than £6m when it collapsed earlier this year, new documents have revealed.
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NewsOatly shares collapse as plant-based brand drastically cuts growth forecasts
Oatly shares have crashed once again as the embattled plant-based group drastically cut its sales outlook for the year
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NewsMedia Bites 27 July: Coca-Cola, Reckitt, Danone, Co-op
A packed morning in the papers takes in rising prices at Coca-Cola, Reckitt, Danone and BAT, with a potential strike set to hit Irn-Bru supplies and Co-op revealing record crime figures.
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NewsVimto owner Nichols’ focus on packaged brand pays off in first half
A shift in strategy to focus on the core Vimto brand and reduce exposure to the out-of-home channel has paid off in the first half of 2023, according to CEO Andrew Milne
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NewsJust Eat Takeaway CFO Brent Wissink resigns as group returns to profitability
Wissink is stepping down to “pursue other opportunities” and will resign from the board next May
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NewsCity snapshot: Danone price hikes boost sales but Russia seizure triggers €200m hit
Danone has outperformed market expectations as it expanded margins and boosted revenues with price hikes at the expense of volumes. Plus, first-half results from Reckitt Benckiser, Nichols, British American Tobacco and Just Eat Takeaway. And Just Eat reports CFO resignation.
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NewsMedia Bites 25 July: Berries, alt-milks, Ocado, Cranswick
Complaints from berry growers about treatment by supermarkets continues to make headlines this morning, along with a study on the health benefits of plant-based milk.
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NewsJDM Food Group to create international ‘flavour powerhouse’ in Henry Broch Foods merger
UK garlic and ginger specialist JDM Food Group has agreed a merger with US spice processor Henry Broch Foods to create an international ingredients group with combined revenues of close to £100m and more than 750 employees
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NewsThe Chilli Mash Co launches £100k crowd round for sustainable chilli farm
The hot sauce maker has kicked off a crowd fundraising round to expand operations and support the establishment of a state-of-the-art chilli farm in Rwanda
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NewsDrinkWell secures £600k backing to expand reduced calorie alcohol marketplace
Online drinks retailer DrinkWell has secured £600k investment to drive its development of a marketplace for ‘better choice’ alcohol