All articles by Ed Devlin – Page 64
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NewsMedia Bites 10 February: Unilever, Deliveroo, British American Tobacco
Unilever’s annual results dominate the headlines in this morning’s business pages, alongside news that Deliveroo is to axe 350 jobs
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NewsMedia Bites 9 February: John Lewis/M&S, Burts Snacks, PZ Cussons
M&S could overtake John Lewis Partnership to become the nation’s seventh largest retailer by sales before the end of this year
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NewsMackie’s profits melted by surging costs despite record market share
Profits have slumped at Scottish ice cream maker Mackie’s despite the brand boosting market share to its highest-ever level as surging costs squeezed margins.
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NewsWhen in Rome returns to crowd as retail distribution for eco-friendly wine grows
Sustainable wine start-up When in Rome has returned to the crowd to raise an additional £400k to support its growing retail listings in the UK as demand picks up for more environmentally friendly packaging in the category
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NewsSerious Sweets snaps up premium marshmallow brand Mallow & Marsh
Own-label confectionery maker Serious Sweets has continued its acquisition spree with the takeover of premium marshmallow brand Mallow & Marsh.
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NewsCity snapshot: Price rises boost PZ Cussons sales but volumes and margins decline
PZ Cussons has delivered a ’robust’ performance in the first half as its transformation continued. Plus, Cellular Goods reveals its proposed acquisition of CBD player Cannaray has collapsed, and Tate & Lyle unveils a new five-year framework
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NewsBurts Snacks acquired by Kolak owner Europe Snacks
Premium snacks brand Burts has been snapped up by French own label manufacturer Europe Snacks for an undisclosed sum
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NewsGousto taps investors for additional £50m amid ‘volatile’ market conditions
Recipe kit brand Gousto has raised £50m in additional funding from its investors to help the business navigate the current challenging economic environment.
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NewsMedia Bites 7 February: Gousto, apprentice levy, M&Co
Gousto has cut its valuation after raising tens of millions of pounds in additional funding to steer it through a volatile economic period, according to reports this morning.
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NewsFaace closes six-figure crowd round to fuel growth of ethical skincare brand
The start-up launched in 2020 and makes a range of products in a tube specifically targeted to help women during periods and the menopause.
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NewsCity snapshot: Urgent reform needed for ‘broken’ apprentice levy
The government’s apprentice levy system is ‘broken’ and needs ‘urgent reform’, according to a letter from four trade bodies.
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Analysis & FeaturesCérélia and Jus-Rol: does the CMA have a point in blocking the deal?
Cérélia is appealing the decision, but does the CMA have a point?
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NewsMedia Bites 3 February: Amazon, Avara Foods, Bank of England
The latest Amazon results and the latest interest rates hikes by the Bank of England make headlines this morning
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NewsSykes Seafood saves 120 jobs in Big Prawn Co pre-pack administration deal
Big Prawn, which supplied natural and added-value shellfish products to UK retailers, wholesalers and foodservice, appointed restructuring specialist Kroll Advisory as administrator on 27 January 2023.
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NewsMedia Bites 2 February: Sainsbury’s/Bestway, Aldi/M&S, Unilever
The papers continue to pick up the latest news surrounding Bestway and Sainsbury’s
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NewsOddbox steps up food waste fight with multimillion-pound backing
Wonky veg delivery service Oddbox has smashed a multimillion-pound crowdfunding target to help step up its fight against food waste in the UK
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NewsCity snapshot: Food inflation shows no signs of slowing as prices hit record high
Food inflation has leapt to a new high in January as producers continued to battle cost pressures, according to the latest report by the British Retail Consortium. Plus, new appointments at Greencore and Kitwave
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NewsMedia Bites 31 January: Unilever, Lidl, Caffè Nero
The main focus for this morning’s papers is the appointment of a new CEO at Unilever
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NewsProfits warnings at food producers hit 16-year high in 2022
Profit warnings by UK-listed companies soared 50% higher in 2022 as rising costs put retailers and food companies under significant pressure, according to a new report
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NewsFinsbury Food Group expands reach with Lees of Scotland acquisition
Specialist bakery Finsbury Food Group has acquired snowballs maker Lees of Scotland for £5.7m in cash