All articles by Ed Devlin – Page 56
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NewsMedia Bites 18 April: THG, inflation
The main headlines in this morning’s papers are reserved for THG following a speculative bid from a PE firm.
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NewsGreencore seeking CFO as Emma Hynes steps down
Hynes will leave the food-to-go specialist in May following the group’s half-year results, remaining with Greencore for a transition period to help her successor.
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NewsCity snapshot: Supreme upgrades expectations amid vaping boom
Vape manufacturer Supreme is set to report annual results that are “comfortably ahead” of market expectations thanks to booming sales and acquisitions
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NewsMedia Bites 13 April: Planet Organic, Tesco, British growers
Holland & Barrett is weighing a last-ditch rescue bid for Planet Organic, according to media reports this morning.
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NewsPerkier smashes new crowdfunding round
The snack bar brand plans to use the money to increase digital marketing and push trade marketing investment
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NewsGenius Foods secures refinancing to invest in factory
The business has raised funds to improve efficiency and production lines in its bakery based in Bathgate, Scotland
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NewsCity snapshot: Record first-half sales at Treatt as drinks volumes prove resilient
Ingredients manufacturer Treatt has reported a strong start to the year, registering record sales in the first half
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NewsFarmison collapses as rescue deal proves out of reach
Most of the 75 employees at the Yorkshire-headquartered company were made redundant on appointment of administrators as the business ceased trading
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NewsMedia Bites 11 April: Tesco, Poundstretcher, Love Hemp, Unilever
Tesco is in focus as the supermarket giant gets set to publish its annual financial results on Thursday.
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NewsGSK veteran Nick Cooper joins Quorn as chief financial officer
Cooper worked in several finance roles across GSK’s pharmaceuticals and consumer healthcare divisions
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NewsHilton Food Group hands reins to former Co-op boss Steve Murrells
Former Co-op Group boss Steve Murrells has been appointed as the new CEO of meat processing giant Hilton Food Group.
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NewsPlanet Organic seeking £3m to fund new rescue plan
Planet Organic has until next week to secure a deal, with the rescue plan outlining a new slimmed-down business
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NewsMedia Bites 6 April: Co-op, Hilton Food Group, Berry Bros
The papers pick up on the latest annual results from the Co-op this morning.
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NewsDavid Wood Baking battles surging inflation
David Wood Baking has relieved pressures by sourcing new funding and pushing through price hikes to recover soaring input costs.
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NewsOddbox reports loss as it invests in winning wonky veg customers
Newly filed accounts for the year ended 30 June 2022 revealed the business fell to a £4.8m pre-tax loss, compared with profits of £540k in the previous financial year.
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NewsCo-op seeking million more members as it reports ‘robust’ results
A £319m gain from the sale of the forecourt business in October helped the group avoid a loss for the 52 weeks to 31 December 2022
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NewsCity snapshot: Co-op boosts profits with “robust” performance but inflationary challenges continue
The Co-operative Group has hailed a “robust” set of annual results as the mutual’s profits received a boost from the sale of petrol forecourts to Asda and cost-cutting. Plus, former Co-op Group boss Steve Murrells appointed as CEO of meat processing giant Hilton Food Group. Hilton also reported a fall in full-year profits.
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NewsFreestar 0.5% beer brand hits crowdfunding goal in 48 hours
Money from the campaign will be invested to drive further draft listings and support the brand’s retail presence
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NewsChill Brands raises £2.6m to develop CBD vapes
International CBD group Chill Brands said the money would also fund a marketing drive for its e-commerce site
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NewsMedia Bites 4 April: John Lewis, Warburtons, L’Oréal
A self-published author who sued John Lewis over its 2019 Christmas advert about a trouble-making dragon has lost her case.