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All articles by Ed Devlin – Page 66
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NewsCity Snapshot: Tree of Life appoints administrators
Health food distributor Tree of Life has collapsed into administration after failing to secure investment needed to stay afloat.
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NewsHealth food wholesaler Tree of Life falls into administration
Health food wholesaler Tree of Life has fallen into administration following a failed attempt to secure third party investment earlier this year
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NewsEIT Food launches funding call to support innovation projects in agrifood
EIT Food will support food projects bringing innovative technology solutions to the market in response to specific challenges in the agrifood sector.
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NewsMedia Bites 18 August: inflation, wonky veg, Haleon
The main story of the day is the latest inflation figures, with UK inflation passing double-digits for the first time in 40 years.
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NewsSamworth Brothers pays tribute to late founder and life president Sir David Samworth
The group said Sir David helped shape the modern food industry over ‘a long and successful business career’, as well as giving ‘distinguished service’ in many other roles
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NewsCity Snapshot: Food prices soar to 14-year high
Food and drink prices have jumped sharply once again as inflation in the sector continued to race ahead of the UK headline rate. Plus, first-half results from Carlsberg and Glanbia.
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NewsPleesecakes hits crowdfunding target ahead of planned nationwide retail rollout
The round on Seedrs values the business launched by former painter-and-decorator Joe Moruzzi in 2017 at £6.2m.
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NewsMedia Bites 16 August: Aldi, Treatt, Gusbourne
The papers focus on a pay rise for Aldi warehouse workers and a profits warning at Treatt.
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NewsTreatt shares plunge on inflation-driven profits warning
Shares in Treatt have lost a third of their value after the ingredients business warned its profits would be much lower than expected as a result of sluggish consumer confidence in the US and soaring cost inflation
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NewsCity Snapshot: Hellofresh unveils record revenues but at expense of lower profits
HelloFresh has revealed record quarterly revenues as the meal kit firm increased its customer base further, but profits fell back as the group spent more on marketing. Plus, Treatt revises profit expectations down significantly and wine maker Gusbourne more than doubles sales.
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NewsThe Cookaway eyes major investment in growth
World cuisine recipe kit challenger The Cookaway has hired advisors to help secure a major strategic investor as it looks to rapidly scale the business.
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NewsMedia Bites 11 August: Deliveroo, fuel prices, US inflation
The papers focus on the latest financial results from Deliveroo and inflation figures from the US.
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NewsNomad Foods volumes fall as consumers buy less at higher prices
Birds Eye owner Nomad Foods has cut its earnings expectations after shoppers bought less of its frozen products as prices climbed.
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NewsTenacious Labs branches out into petcare market as CBD buy-and-build strategy continues
It’s the third deal struck by the London-headquartered business since it launched in early 2021
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NewsCity Snapshot: Deliveroo reveals widening losses as Next boss Simon Wolfson steps down from board
Deliveroo has this morning revealed widening losses, slowing growth and the loss of Next boss Simon Wolfson from its board. Plus, Q2 results from Dutch supermarket group Ahold Delhaize.
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NewsMedia Bites 9 August: Retail sales, olive oil, WH Smith
UK consumer spending defied talk of recession in July, data from industry bodies showed on Tuesday.
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NewsGreen Cola and Chitos form new UK-headquartered better-for-you drinks group
Greek beverage businesses Green Cola and Chitos have partnered to create a UK-headquartered drinks group to pursue ambitious international growth plans.
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NewsKatKin raises £18m for its fresh-cooked cat food concept
Founded by brother-and-sister team Brett and Nikki O’Farrell in 2019, the brand steam cooks 100% human-grade meat, with no fillers, grains or preservatives, which is then frozen before being sent out to customers.
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NewsCity Snapshot: WH Smith de-risks pension fund
WH Smith has announced a move to safeguard its pension fund from future risks with the purchase of a bulk annuity insurance policy.
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NewsKellogg’s raises full-year forecasts on better-than-expected first-half performance
Kellogg’s has lifted its full-year sales and profits outlook as strong growth of its global snack brands and a faster-than-expected recovery in cereals combined with higher prices in the first half to deliver a better-than-expected performance.