All articles by Ed Devlin – Page 63
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NewsRamsden International sinks to first loss in company’s history as Brexit hits sales
Ramsden International has fallen to its first-ever loss as new Brexit rules hit revenues at the wholesale exporter.
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NewsMedia Bites 7 October: Imperial Brands, Arla Foods, Diageo
Imperial Brands has launched a £1bn share buyback programme to reward shareholders.
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NewsTree of Life and Health Store suppliers £20m out of pocket following collapse
Hundreds of suppliers have been left almost £20m out of pocket by the collapse of Tree of Life and sister distributor The Health Store, with a number of start-ups struggling to survive the fallout
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NewsMedia Bites 6 October: Tesco, Unilever, Ocado
Coverage of the latest results from Tesco makes up the bulk of retail news in this morning’s papers.
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NewsHackney Gelato to increase marketing investment after hitting £600k crowd target
It has so far raised £667k from more than 312 backers on the Crowdcube platform, with the campaign valuing the challenger at £10m.
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NewsTesco as competitive with discounters as ever, claims CEO Ken Murphy
Tesco said its products from its Aldi Price Match now featured in 99% of all large baskets and over 80% of top-up shops
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NewsCity snapshot: Tesco profits squeezed as customers ‘watch every penny’
Profits at Tesco fell back in the first half as customers faced “a tough time” but rising food prices helped Britain’s biggest supermarket grow sales.
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NewsMedia Bites 4 October: Tory conference, John Lewis, Quality Street
Coverage in this morning’s papers is dominated by the latest news from the Conservative Party conference in Birmingham.
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NewsCity snapshot: Real Good Food embarks on “radical” reforms to save turnaround attempt
Real Good Food has unveiled a radical reform programme to deal with inflationary pressures and protect its attempted turnaround. Plus, PM abandon plans to scrap top rate of tax.
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NewsMcBride shares rally as it strikes agreement with lender amid early signs of recovery
CFO Mark Strickland said the amended financing agreement was “an excellent outcome” following a “very difficult” trading period that provided the group with funding certainty as its propsects recover.
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NewsQuorn profits shrink as rivals eat in market leader’s share of meat-free category
Profits at Quorn have retreated as soaring costs put pressure on margins and an increasingly crowded meat-free category saw sales dwindle at the market leader.
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NewsMedia Bites 29 September: Morrisons, Mars, Shepherd Neame
A profits slump at Morrisons makes headlines this morning as the cost of living crisis subdues consumer confidence.
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NewsMorrisons profits slump on sales decline as shoppers feel the pinch
Profits slumped as subdued consumer sentiment led to a decline in sales and “unprecedented” inflationary pressures hit in-house manufacturing operations
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NewsMackie’s of Taypack rescues own-label popcorn maker from administration
Snacking firm Mackie’s at Taypack has rescued one of the UK’s largest independent own label popcorn manufacturers from administration in a pre-pack deal, saving the jobs of 60 staff.
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NewsCity snapshot: Food prices soar to highest rate on record
Food inflation has rocketed to its highest rate on record as soaring input costs continue to mount for suppliers, according to new figures this morning.
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NewsMedia Bites 27 September: Unilever, Aldi, Sainsbury’s
The papers focus on the retirement of Unilever boss Alan Jope and plummeting profits at Aldi.
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Analysis & FeaturesChina’s role in the global post-Covid market
Post-Covid, China’s growth has slowed significantly, with only 0.4% GDP growth in the second quarter of 2022
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Analysis & FeaturesFood and drink’s top financial performers of 2022
PepsiCo benefited from a return to out-of-home consumption of its snacks and drinks
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NewsBiscuits sales decline hits Pladis recovery
Revenues at Pladis have crumbled due to falling demand for biscuits in the wake of the pandemic and the impact the McVitie’s owner pushing through price increases
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Analysis & FeaturesOC&C Global 50 food and beverage rankings: how fmcg giants are tackling inflation
The world’s fmcg giants survived the pandemic. Now they’re facing into rampant inflation. Are they agile enough to handle rising costs, changing shopper habits and geopolitical volatility?