All articles by Ed Devlin – Page 69
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NewsCity News: Premier Foods shares decline despite' highly creditable performance'
Premier Foods boosted sales in the first half as households turned once more to home cooking in a bid to cut costs as food prices soared to 45-year highs.
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NewsCity snapshot: Lidl wins new shoppers ahead of Christmas as annual sales increase
Annual revenues at Lidl have increased as it continued to attract new shoppers looking to cut down on household spending. Plus, a trading update from Finsbury Food Group.
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NewsMedia Bites 17 November: Premier Foods, inflation, autumn statement
Premier Foods has posted a rise in revenue fuelled by growing demand for cheaper products as customers turn to home cooking in the face of a cost of living squeeze (The Financial Times £). Mr Kipling owner Premier Foods has posted a rise in first-half profit and ...
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NewsFood inflation hits highest level in 45 years
Food and non-alcoholic beverage prices rose by 16.2% in the 12 months to October, up from 14.5% in September, according to the ONS
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NewsCity snapshot: Premier Foods grows profits and sales as shoppers stay home to cut costs
Squeezed shoppers have turned to Premier Foods’ stable of household brands as they cut down on eating out, boosting sales and profits at the supplier group. Plus, inflation hits 11.1% as food prices soar at fastest rate since 1977, Deliveroo exits Australia, McBride warns of continued cost pressures, and Eagle Eye acquires French personalised promotions firm
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NewsMedia Bites 16 November: avian flu, Imperial Brands, champagne, Ocado
The avian flu outbreak is leaving high-end butchers struggling to source hand-reared and organic birds, while eggs shortages hit supermarkets and hospitality.
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NewsBig Drop secures seven-figure funding to boost alcohol-free beer supermarket listings
Alcohol-free craft brewer Big Drop has smashed a multimillion-pound crowdfunding target
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NewsSterling Meat Company to boost high street presence with NPIF funding
Northern butchers chain Sterling Meat Company is expanding its food-to-go format after securing a £500k investment
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NewsCity snapshot: Supermarket volumes set to fall this Christmas as shoppers retreat from rising prices
Shoppers will buy less and more carefully this Christmas as the rising price of groceries continues to put pressure on households, according to the latest industry research. Plus, full-year profits tumble at Imperial Brands and Wincanton posts strong first half
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NewsMedia Bites 15 November: Oatly, Ocado, inflation, Pladis
A busy morning in the papers takes in tumbling shares at Oatly, Ocado’s ambitions in Asia and soaring prices for food brands.
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NewsOatly plans redundancies on downgraded outlook and spiralling losses
Oatly is planning to slash its employee headcount as part of a package of cost-cutting measures
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NewsBirds Eye sales growth freezes as demand falls from pandemic highs
Revenues at Birds Eye have fallen for the first time in four years
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NewsHumble Warrior closes third funding round to scale functional drinks brand
The third funding round at the company sees Nando’s grocery CEO Georg Gruber join as executive chairman and investor
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NewsCity snapshot: Cake Box profits squeezed by rising costs
Profits have crumbled at fresh cream cakes retailer Cake Box as rising ingredients costs and low consumer confidence put pressure on the group’s bottom line. Plus, PZ Cussons agrees a new £325m credit facility
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NewsMedia Bites 14 November: Autumn Statement, M&S, Morrisons
It is a quiet weekend in the papers for fmcg news as headlines focus on the upcoming Autumn Statement.
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ReportsOC&C 150 supplier rankings 2022: How to get M&A deals flowing again
The post-Covid recovery in dealflows in 2021 saw Top 150 M&A volumes jump to 24 from just 13 in the previous year
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RankingsOC&C 150 supplier rankings 2022: Opportunities remain in exports
Despite the strong growth in post-Covid domestic sales, the Top 150’s international sales outstripped UK growth
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ReportsFive top performers in the OC&C 150 supplier rankings
The world’s largest food group grew its UK business last year
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NewsBakkavor plans closure of Leicester and Sutton Bridge sites, putting 900 jobs at risk
The ready meals and fresh foods producer is to begin a 45-day consultation period with staff
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NewsBritvic on the hunt for new CFO as Joanne Wilson steps down
Wilson will remain with Britvic until the end of her notice period in May 2023