All articles by Ed Devlin – Page 62
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NewsHelloFresh sales hit record highs in 2022 but shares sink as it guides for slower growth
Revenues at HelloFresh hit a new record of €7.6bn in 2022 as it shipped more than one-billion meals to customers
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NewsHuel brings in Wagamama finance chief as new CFO
Fast-growing meal replacement brand Huel has appointed the CFO at restaurant chain Wagamama as its chief financial officer
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NewsPremier Foods shares soar on surprise profits upgrade
The group said, in a short unscheduled trading update, that it had continued to trade “strongly” in recent weeks, building on the momentum of the third quarter
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NewsDiscounters continue to grab market share as shoppers chase lowest prices
Shoppers have continued to flock to the discounters to cope with soaring grocery bills as volumes in supermarkets tumble, according to latest market data
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NewsCity snapshot: Record store openings drive sales boom for Greggs
Revenues at Greggs have soared as the high street bakery chain opened a record number of new shops in 2022
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NewsMedia Bites 7 March: Starbucks, Gousto, consumer spending
Starbucks has shelved plans to sell off its owner-operated UK coffee shops and instead committed to opening 100 outlets this year.
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NewsCity snapshot: Lloyds Pharmacy reviews future of 1,300 sites
Lloyds Pharmacy has put all its UK store base up for “strategic review”.
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NewsMedia Bites 6 March: Waitrose/John Lewis, food shortages, Gousto, Morrisons
A round up of all the food and drink news in the papers over the weekend, with John Lewis and Waitrose in focus.
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NewsWholegood hunts for funding to ease cashflow issues
Specialist wholesaler Wholegood has hired advisors to explore funding options and ease cashflow pressures. The Grocer has learned the London-based group is close to securing growth funding, with financial advisory firm Kroll working on a deal.
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NewsThis raises £15m in series B funding round to fuel ongoing rapid growth
Meat alternatives brands This has closed a £15m funding round as it seeks to maintain rapid growth.
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NewsPerfectTed wins Dragons’ Den backing from Steven Bartlett and Peter Jones
Energy drinks start-up PerfectTed has secured high-profile investment following an appearance on the BBC’s Dragons’ Den.
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NewsMedia Bites 3 March: WH Smith, Haleon, AB InBev
WH Smith is hit by a second cyberattack in less than a year, while results from Haleon and AB InBev are also picked up by the papers
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NewsMedia Bites 2 March: Veg shortages, Reckitt Benckiser, Just Eat Takeaway
UK households face a heightened risk of shortages of carrots and leeks this year as the domestic farming sector struggles to adapt to more extreme weather and higher input costs, the president of the National Farmers’ Union has warned.
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NewsVimto maker Nichols back in the black but inflationary pressures persist
Soft drinks group Nichols has returned to the black thanks to a 14.3% jump in sales, with Vimto selling particularly well overseas. However, chairman John Nichols warned ongoing inflationary pressures continued to make life difficult in 2023.
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NewsHeura sales boom as it grows UK distribution for plant-based brand
In 2020 just 6% of sales occurred outside of Spain, while this number hit 12% in 2021 and 23% in 2022.
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NewsCity snapshot: Profits and sales jump at Reckitt as prices rise
Annual revenues at Reckitt Benckiser have increased 9.2% to £14.5bn as the Dettol to Durex owner increased prices by almost 10%. Plus, the latest BRC shop price index, and annual results from Vimto owner Nichols, Just Eat Takeaway and Glanbia
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NewsMedia Bites 28 February: Fruit & veg shortages, John Lewis, M&S, Primark, Morrisons
Ongoing fruit & veg shortages continue to make headlines, with the papers also reporting on Pippa Wicks parting ways with John Lewis and the latest ABF results
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NewsCity snapshot: ABF issues profits upgrade as inflation steadies
Associated British Foods has lifted its profit forecasts for the year as inflation becomes less volatile and commodity costs start to decline. Plus, DX group reports strong first half
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NewsFarmison pulls £2m crowdfunder as part of strategic rethink
DTC butcher Farmison has pulled a £2m crowdfunding raise as it puts the brakes on ambitious growth plans amid the challenging macroeconomic climate of squeezed consumer spending and surging costs.
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NewsMedia Bites 24 February: Fruit & veg shortages, ice cream, consumer confidence
The papers are still dominated by the fruit & veg shortages on supermarket shelves.