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All articles by Ed Devlin – Page 78
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NewsCity Snapshot: McColl’s confirms talks with banks to save it from collapse
McColl’s has confirmed it is talks with lenders as the c-store chain seeks to raise fresh capital to prevent it falling into administration. Plus, full-year results from Kitwave Group and a half-year trading update from Associated British Foods.
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NewsMedia Bites 25 February: Ukraine, inflation, Yo!, AB InBev
Coverage in the papers this morning is dominated by Russia’s attack on Ukraine and what it means for global food prices.
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NewsGousto secures further $230m to advance sustainable ambitions
It follows a $150m round a little over a month ago, which valued the business at $1.7bn.
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NewsMedia Bites 24 February: Boots, oil prices, inflation, Covid tests
Boots has given suitors until the end of today to table offers for the high street chemist. Plus, oil prices spike as Russia invades Ukraine.
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NewsNutri-Genetix eyes US launch following £500k crowdfunding round
Personalised nutrition start-up Nutri-Genetix has returned to the crowd to raise almost £500k as part of a larger £1m round to help break into the US.
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NewsCity Snapshot: Danone enjoys strong end to 2021 but inflation squeezes margins
Danone has registered a strong end to its financial year as a recovery in bottled water and higher prices pushed up sales, but inflation squeezed margins.
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NewsRefresco snapped up by global PE firm KKR
Current owners PAI Partners and British Columbia Investment Management Corporation will retain a significant minority holding in the group
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NewsMedia Bites 22 Feburary: Asda, Farming, Food waste, Finsbury Food Group
Asda is facing potential disruption to supermarket deliveries after thousands of lorry drivers, warehouse staff and clerical workers voted to reject a pay offer.
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NewsLivia’s rescued from administration after Covid struggles
Free-from snack brand Livia’s has been bought out of administration by investment firm S-Ventures after struggling to stay afloat throughout the pandemic.
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NewsCity Snapshot: Profits decline at Finsbury Food Group despite record sales as inflation hits
Pre-tax profits fell 9.2% to £11.9m in the six months to 25 December, with operating profits in the UK side of the business down 27% to £4.7m as it managed labour shortages and supply chain disruption.
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NewsKTC hires advisors to explore possible sale
Family-owned oils and canned produce specialist KTC Edibles is understood to have hired advisors to explore a possible sale of the business
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NewsDr. Schär moves into bread with acquisition of GDR Food Technology
The deal gives Dr. Schär its first UK production plant and represents its first step in the fresh bread sector in the country, where it is already one of leading gluten-free brands.
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NewsWild raises £5m to grow plastic-free personal care portfolio
JamJar Investments, the VC fund helmed by the founders of Innocent Drinks, led the latest round.
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NewsMedia Bites 18 February: Nestlé, Reckitt Benckiser, Ocado
The papers take a closer look at full-year results for Nestlé and Reckitt Benckiser.
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NewsMedia Bites 17 February: Heineken, inflation, Kraft Heinz, M&S
Heineken’s chief executive has warned that “off the charts” cost inflation will further push up the price of a pint and said the risk of outright shortages was growing as brewers face persistent challenges delivering beer to pubs, restaurants and supermarkets.
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NewsKraft Heinz boosts sales with higher prices
Kraft Heinz is the latest fmcg giant to rely on price hikes to lift sales and protect margins against increased input costs
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NewsCity Snapshot: Inflation hits new 30-year high in January
Inflation hit a new 30-year high last month as prices continued to climb despite January sales. Plus, Heineken bounces back but warns prices rise could hit demand for beer; full-year results from Coca-Cola Europacific Partners and Kerry Group; and Treatt appoints new CFO.
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Comment & OpinionHow did it all go so wrong for Farmdrop?
Farmdrop was a small business operating like a giant, and a Covid-driven rise in demand hiked costs, too
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NewsFarmdrop report lifts lid on administration with suppliers and investors to lose millions
Farmdrop suppliers, lenders, staff and shareholders are set to lose out on millions of pounds as a result of the online grocer’s dramatic Christmas collapse
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NewsMedia Bites 15 February: Petrol, Motor Fuel Group, Post Office
Petrol prices have hit record highs, putting further strain on families as the cost-of-living crisis worsens.