All articles by Ed Devlin – Page 6
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NewsTesco delivers ‘biggest ever’ Christmas as shoppers splurge on Finest range
Tesco has delivered its “biggest ever” Christmas as Britain’s biggest retailer lowered festive prices and won shoppers from rivals
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NewsPromise Gluten Free owner Mayfair strikes deal for Irish brands Pat the Baker and Irish Pride
Ceres Group – the holding company for Mayfair’s consortium of baked goods businesses – agreed to take control of Azeda, the owner of Pat the Baker and Irish Pride just ahead of the Christmas break
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NewsHeavy Christmas promotions lift supermarket till roll to record highs
Supermarket sales hit a record high of £14.6bn in the three weeks leading to Christmas thanks to the highest level of promotions seen in store for three years, according to new figures released this morning
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NewsCity snapshot: Supermarket Christmas sales rally on heavy promotions
Supermarket sales rallied in the three weeks before Christmas as the mults vied to win over shoppers with heavy discounts and promotions, according to NIQ data released this morning
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NewsTyphoo Tea creditors owed £100m with PE owner taking large hit
Typhoo Tea owed creditors close to £100m at the time of its collapse late last year, with its private equity owner taking a massive hit, new documents from administrators have revealed
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NewsCity snapshot: Record Christmas for supermarkets but Asda continues to struggle
Aldi and Lidl achieved their highest-ever Christmas market share as household spending in supermarkets hit a record high this festive period, according to new data published this morning. Plus, the BRC & KPMG publish December retail sales figures and Barclays publishes consumer spending report
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NewsEmma Watson’s luxury gin brand Renais raises £5m for global expansion
Renais launched in May 2023 and has already entered the US market, as well as 11 other countries – with a distribution agreement in a further 22
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NewsCity snapshot: price hikes set for 2025 as business confidence slumps
Businesses in the UK are preparing to hike prices in 2025 to deal with the “pressure cooker of rising costs and taxes”, according to a survey by the British Chambers of Commerce. Plus, looking ahead to the Christmas trading updates due this week
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NewsWholegood rescued from administration in deal saving 100 jobs
Wholegood founder and CEO Carl Saxton-Pizzie said the pre-pack deal marked a ‘fresh chapter for the company after a challenging year’
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NewsChapel Down shares are fizzing as new CEO appointed
James Pennefather will take the reins of the group on 1 February, stepping into the role vacated by Andrew Carter who is heading to Yorkshire family brewer Timothy Taylor
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NewsCity snapshot: Consumer confidence hits four-month high ahead of Christmas
Consumer confidence has bounced back after recovering from pre-Budget jitters to hit a to a four-month high ahead of the festive period, according to a closely watched monthly survey. Plus, English wine producer Chapel Down has appointed a new CEO
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NewsCookaway smashes £500k crowdfunding target
Cookaway is launching larder kits of specialist dry ingredients themed around Greek, Malaysian, Indian, Japanese and Spanish cuisine in Ocado in 2025
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NewsHershey sale ‘unlikely’ as Mondelez approach rebuffed
Analysts have poured cold water on the chances of Mondelez securing a blockbuster takeover of rival chocolate maker Hershey
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NewsBrand Growth Heroes ‘Mini MBA’ powered by Alantra returns for second year
Alantra and Brand Growth Heroes are teaming up once again to offer a crash-course for fmcg challenger brands in scaling up while navigating industry challenges
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NewsCadbury owner Mondelez in talks over Hershey takeover
Cadbury owner Mondelez International is exploring a potential blockbuster takeover of rival chocolate maker Hershey in a bid to create one of the largest snacking groups in the world
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NewsCity snapshot: Domino’s unveils new framework for growth
London-listed Domino’s Pizza Group has reached a new five-year framework with its franchise partners to capitalise on “its significant long-term growth opportunity”
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NewsCity snapshot: M&S wins approval for Marble Arch redevelopment
Marks & Spencer has been given approval to demolish its flagship Marble Arch store on London’s Oxford Street
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NewsLittle Freddie to correct sugar levels on stage 1 babyfood pouches
Little Freddie admitted three out of its 29 babyfood products were “found to have a sugar value which varied from packaging”
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NewsSSP shares surge on profit recovery plan
SSP Group shares surged by as much as 12% this week as the catering operator looked to put the pandemic and constant train strikes in the UK behind it
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NewsAsda secures new £155m loan to help struggling supermarket meet debt obligations
The supermarket revealed it had successfully raised and allocated ‘a private £155m-equivalent fungible add-on’ to one of its existing loans