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All articles by Ed Devlin – Page 74
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NewsMedia Bites 22 April: Nestlé, EG Group, Boots, THG, Poundland, Carlsberg, AB InBev, Oatly
The papers are packed with food and drink news this morning as Nestlé warns of more price rises, consumer confidence plunges, THG reveals it has become a takeover target, fears that a sale of Boots may be stalling and more…
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NewsMedia Bites 21 April: Just Eat Takeaway, P&G, Heineken
The papers put the spotlight on Just Eat Takeaway’s decision to offload Grubhub.
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NewsHeura smashes €1m crowdfunding target as thousands invest in plant-based brand
Its second ‘Equity for Good Rebels’ campaign on the Crowdcube platform saw the Spanish-headquartered business reach its €1m goal in just 30 minutes.
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NewsDanone shares soar as rumours of Lactalis takeover talk emerge
Danone shares have surged more than 8% today as speculation emerged that fellow French dairy giant Lactalis is exploring a surprise takeover of its larger rival.
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NewsDrty Drinks plans retail expansion after securing six-figure funding package
Founded in 2019 by Matija Pisk and Oli Clements, Drty makes carb-free hard seltzer in a range of natural fruit flavours, with listings in Waitrose, Asda, Ocado and BP forecourts.
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NewsCity Snapshot: Heineken sales surge as pubs reopen but cost pressures remain
Beers sales at Heineken have rocketed in the first quarter as pubs reopened across Europe and Asia and the Dutch brewer hiked prices. Plus, full-year trading updates for Naked Wines and Real Good Food; and first-quarter figures from Danone and Just Eat Takeaway.
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NewsFentimans ‘optimistic’ for its growth despite cost pressures
Revenues at the business soared by 23% to £39.9m – with gross sales before promotions up 20% to £44m – in the year ended 31 December 2021, as the brand’s popularity grew in supermarkets and out-of-home began to recover.
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NewsMedia Bites 19 April: Asda, inflation, Ocado, THG
There is plenty of retail news to catch up from in the papers over the Easter weekend.
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Analysis & FeaturesTesco in way better shape for the recession than share sell-off suggests
Tesco in ‘really great shape’ to deal with cost of living crisis, says CEO Ken Murphy
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NewsMedia Bites 14 April: Tesco, inflation, PZ Cussons, Boots, Reckitt Benckiser
Tesco’s latest results and the issues facing the industry by soaring inflation dominate the papers this morning.
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NewsTesco profits soar but supermarket warns over battle to keep prices low as inflation rages
Profits at Tesco have soared £1.4bn higher as sales increased over the past year, but it warned the bottom line would come under pressure in 2022
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NewsCity Snapshot: Tesco profits soar as boss Ken Murphy vows to keep cost of weekly shop in check
Tesco profits soared £1.4bn higher as sales increased, but the supermarket giant warned its bottom line would come under pressure in 2022 as it battled to keep prices low.
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NewsMorrisons hit with credit downgrade over debt concerns following CD&R takeover
Plans to refinance Morrisons multibillion-pound debt pile have been dealt a blow as Moody’s downgraded the supermarket’s credit rating
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NewsCabrito turns to crowd to fund efforts to bring goat meat to supermarket shelves
Cabrito Goat Meat sources young goats from British dairy farms, rears them for meat and then supplies it to restaurants, butchers and catering firms, as well as the public on a DTC site.
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NewsMedia Bites 12 April: Waitrose, Morrisons, Pret a Manger, M&S
Waitrose has been left £4m out of pocket through its brief tie-up with an insolvent venture set up by one of Ocado’s founders.
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NewsIRCA ingredients firm sold by Carlye to Advent International
The group suppliers a range of customers such as patisseries, gelato parlours, hotels, restaurants and confectionery manufacturers with specialty ingredients for artisanal pastries, cakes and ice cream.
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NewsCity Snapshot: Treatt flags higher margin forecasts for H2 as momentum continues
Revenues at the group increased 9% to £66.3m in the first half to 31 March, driven by its expertise in citrus, its largest category, Treatt said in a trading update.
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NewsMedia Bites 11 April: Boots, inflation, Pret a Manger, Asda
The American owner of Boots risks losing billions after the one-time favourite to buy the chemist chain valued the retailer at a steep discount.
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NewsMedia Bites 8 April: Co-op, Morrisons, Ferrero
The new boss of the Co-operative Group is braced for further “shocks” after a tumultuous year during which profits were hit by disruption to its supply chain that coincided with a systems upgrade in its grocery business.
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NewsNeyba seeks £15m to expand grocery restaurant hybrid across London
Neighbourhood grocery and restaurant start-up Neyba is looking to raise £15m as part of an expansion plan.