All articles by Ed Devlin – Page 62
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NewsMedia Bites 21 October: Liz Truss, inflation, interest rates, Naked Wines
Headlines are dominated by the resignation of Liz Truss and the state of the economy but the papers also find room for Naked Wines’ new strategy.
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Comment & OpinionSMEs are set to suffer most in winter of insolvencies
After struggling to deal with input cost inflation, businesses across food and drink now face expect to face interest rates rising to more than 5%
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NewsHunter & Gather targets retail expansion after smashing crowdfunding goal
Specialist condiments and oils start-up Hunter & Gather has raised more than £700k from the crowd, comfortably beating its target of £500k as it targets more mainstream retail listings.
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NewsMedia Bites 20 October: Nestlé, P&G, inflation, cost-of-living crisis, Waitrose
The papers take in price hikes at Nestlé and P&G while also reporting on soaring inflation and the latest Waitrose annual food & drink report.
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NewsDoisy & Dam rescued from administration by Nurture Brands in pre-pack deal
Nurture Brands has rescued Doisy & Dam from administration, continuing its buy-and-build strategy and expanding its sustainable plant-based consumer products offering into the confectionery category
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NewsCity snapshot: Food prices hit 42-year high as inflation soars
Food and drink prices have soared to their highest levels in more than 40 years, pushing UK inflation back to highs seen over the summer, according to the latest figures. Plus, rising food prices help Nestlé increase organic sales in Q3, Just Eat Takeaway returns to profitability sooner than expected, and hedge fund Third Point reveals new position in Colgate-Palmolive and pushes for sale of its petcare business
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NewsThe Vegan Kind sold in administration pre-pack deal to current owner
The Vegan Kind has been bought out of administration by a business associated with its current owner following a downturn in trading and soaring costs
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NewsCity snapshot: Asda benefits from renewed demand for own label
Brands are coming under increasing pressure from own-label as shoppers trade down to cope with soaring food prices, the latest Nielsen grocery data revealed. Plus, the latest Barclaycard spending data and Pernod Ricard acquires Código 1530 Tequila.
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NewsMedia Bites 18 October: u-turn, Greggs, THG
The papers are dominated by the latest u-turns from the government as almost all prime minister Liz Truss’s tax policies are ripped up by chancellor Jeremy Hunt
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NewsFeel aims to become household name following £10m investment round
DTC supplements challenger Feel has secured a £10m investment to maintain its rapid growth in the health and wellness category and boost brand awareness.
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NewsCity snapshot: Tesco chairman warns of increasing pressure on households
Tesco chairman John Allan has sounded the alarm over the increasing pressure on households as interest rates rise higher.
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NewsBurton’s Biscuits sees category share increase as its sales rise
Revenues climbed 7.4% to £295.2m in the 53 weeks to 31 December 2021 – compared with 11.5% in 2020 – thanks to the expansion of its private label business and successful branded NPD, as well as some price increases.
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NewsItsu’s Julian Metcalfe forecasts £100m in supermarket sales ‘very easily’
Founder Julian Metcalfe told The Grocer he expected the “extremely rapid” growth of the group’s grocery arm to continue in 2022 and beyond despite soaring costs and a squeezed consumer.
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NewsFussy raises £1.1m from crowd to boost eco-friendly personal care growth
Eco-friendly personal care challenger Fussy has raised more than £1m from the crowd as it seeks to eliminate single-use plastic in the category.
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NewsBoots recovery boosted by heatwave as footfall picks up
An ongoing turnaround at Boots has been boosted by an uptick in footfall at its city centre stores and travel outlets at airports and train stations as consumers prepared for summer holidays
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NewsMedia Bites 13 October: M&S, Poundland, Walmart
Marks & Spencer’s store closure plans are accelerating as it battles a “significant” rise in costs against a tougher economic backdrop.
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NewsCity snapshot: Poundland attracts new customers as cost-of-living crisis grows
Poundland has benefitted from cost-conscious consumers managing tight household budgets to grow sales over the past year.
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NewsMedia Bites 11 October: Getir/Gorrilas, Asda, Morrisons/McColl’s
Grocery delivery app pioneer Getir is in talks to take over its heavily lossmaking rival Gorillas, according to this morning’s papers.
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NewsCity snapshot: Cooks Coffee Company outlines fundraising plans ahead of London float
Cafe chain Cooks Coffee Company is planning to raise £1.5m in a funding round ahead of its London float. Plus, a trading update from packaging firm DS Smith.
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NewsOlly’s brings in more than £1m from the crowd to support supermarket listings
Founded by Olly Hiscocks in 2016, the business recently launched into Asda, Tesco and Holland & Barrett, adding to listings with Sainsbury’s, Morrisons, Waitrose, Co-op, Whole Foods and Boots.