All articles by Ed Devlin – Page 71
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NewsCity snapshot: Rising costs dent M&S food profits and slowing demand pushes Ocado Retail into the red
Profits have shrunk in Marks & Spencer’s food operation and its online joint venture with Ocado fell to a loss, with the group warning that market conditions would become even more challenging next year.
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NewsMedia Bites 9 November: ABF/Primark, avian flu, grocery inflation, Hilton Food Group
In a packed morning of fmcg and retail coverage, the papers report varying coverage of Associated British Foods latest annual results.
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NewsABF to push through further grocery price increases
Associated British Foods is planning further price hikes for its range of grocery brands to manage soaring inflation.
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NewsHilton Food Group warns of lower profits amid slow progress passing on inflation
Shares in Hilton Food Group have slumped following another profits warning
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NewsCity snapshot: Record high grocery inflation sends shoppers flocking to Aldi and Lidl
Grocery price inflation has hit a new record high resulting in cash-strapped households turning to the discounters and own-label ranges to manage stretched budgets, according to the latest Kantar figures. Plus, annual results from Associated British Foods, a trading update from Hilton Food Group, a Q3 update at Coca-Cola HBC, the latest monthly data on retail sales from BRC-KPMG and consumer spending from Barclaycard, and Britvic is searching for a new CFO.
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NewsMedia Bites 8 November: food poverty, Christmas, DS Smith
The big supermarkets need to step up support for low-income customers marooned in England’s “food deserts” to enable them to readily access healthy groceries during the cost of living crisis, according to the consumer group Which?.
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NewsJus-Rol takeover by Cérélia in doubt as CMA warns of higher prices
An in-depth investigation into the takeover of Jus-Rol by bakery giant Cérélia has concluded the deal could push up prices and lower quality in the home baking category.
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NewsCity snapshot: Shoppers to spend less this Christmas amid cost-of-living crisis
Consumers in the UK are planning to cut back this Christmas as a result of a double whammy of soaring prices and having less money to spend, with the discounters set to benefit from cash-strapped households, according to new research.
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NewsMedia Bites 7 November: Waitrose, food prices, Iceland, avian flu
Waitrose has insisted its supermarkets are better-stocked than some of its rivals despite claims that a bungled IT project has left many of its stores with empty shelves.
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NewsAdonis raises seven-figure sum to take keto snacking mainstream
Functional snacking brand Adonis has raised more than £1m in an effort to gain market share as demand for keto products grows in the UK
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NewsRoam wins crowd backing to push sustainable sexual wellness brand into retail channel
Sexual wellness challenger Roam has raised almost £2m from the crowd as it prepares to expand beyond the DTC into retail.
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NewsMedia Bites 28 October: Unilever, Amazon, M&S
The papers report on Unilever hiking prices by record levels and a share rout at at Amazon as the tech giant forecasts a Christmas slowdown.
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NewsSt Pierre swallowed by world’s biggest baker Grupo Bimbo
The deal is expected to accelerate the already rapid growth of the brioche maker in the US and fuel further international expansion
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NewsMedia Bites 27 October: Budget, Xmas ads, Reckitt Benckiser
UK chancellor Jeremy Hunt has delayed the date for his long-awaited medium-term fiscal plan from October 31 to November 17, as calmer markets give the government some economic breathing space.
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NewsPurearth collapses following cash squeeze as pressure intensifies on SMEs
The business, which sold a wide range of organic health drinks, appointed insolvency firm Begbies Traynor on 20 October 2022 following a meeting of creditors last week
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NewsParsley Box shares collapse as DTC ready meal firm mulls AIM delisting
Shares in Parsley Box have collapsed after the ready meals provider revealed it was considering delisting from London’s junior stock market following a disastrous year since floating.
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NewsCity snapshot: Virgin Wines expects revenue resilience as under-pressure consumers ditch the pub
Virgin Wines is confident drinkers will ditch pubs and restaurants in favour of socialising at home as household spending is squeezed harder. Plus, Parsley Box considers AIM delisting and Heineken and Reckitt Benckiser issue Q3 results.
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NewsMedia Bites 25 October: Rishi Sunak, UK economy, Tesco, M&S
The front pages of this morning’s papers are dominated by news that Rishi Sunak has been crowned as the new prime minister.
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NewsHeura raises €20m in mission to be European plant-based category leader
Plant-based brand Heura has raised €20m (£17.4m) to continue its rapid growth across Europe.
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NewsFood producer profit warnings hit 21-year high as costs spiral
Profits warnings have spiked at UK-listed firms amid soaring input cost inflation, with pressure on food producers’ bottom lines the most severe for more than 20 years.