All articles by Ed Devlin – Page 8
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NewsMedia Bites 12 November: Bakkavor, farmers, cider, Cadbury
UK supermarkets are grappling with a shortage of taramasalata after strikes disrupted production at a large supplier
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NewsCity snapshot: Kerry completes transformation into ingredients player with €500m sale of Irish dairy operation
Kerry Group has agreed to sell its Irish dairy operation to Kerry Co-Operative Creameries for €500m (£415m) in a move that completes its transformation into a pure play ingredients company. Plus, the latest Kantar supermarket data, a trading update from McBride and half-year results from Cake Box
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NewsDekel Agri-Vision expects boost from higher palm oil prices as it enters high season
Palm oil production levels at Dekel Agri-Vision have fallen as the low season for the commodity lingered longer than normal
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NewsCity snapshot: CMA sets out plans to shake up infant formula market
The UK competition watchdog has set out a list of recommendations to shake up the baby formula market amid fears that prices in the category are too high
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NewsGillian Anderson’s G Spot attracts attention from Heineken
The Dutch brewing giant acquired a minority stake in the company, launched by the Sex Education and X Files star last year, and will help accelerate its expansion and boost brand awareness
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NewsCity snapshot: Sainsbury’s confident of ‘strong’ Christmas as Taste the Difference lifts sales
Sainsbury’s has entered the golden quarter in good shape as its premium Taste the Difference offering helped boost sales in the first half. Plus, first-half results from Tate & Lyle and a trading update from Kitwave
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NewsSoup disappearing from supermarket shelves amid Bakkavor strike
Thirty-six chilled soup SKUs were unavailable in Tesco at the time of writing
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NewsCity snapshot: Associated British Foods delivers better-than-expected profits
Profits at Associated British Foods have beaten market forecast thanks to margin recovery at Primark and “good growth and strong profitability” in the food division. Plus, interims from Distil, a trading update from Hilton Food Group, Q3 results from Coca-Cola Europacific Partners and the latest retail sales data from the BRC and spending report from Barclays
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NewsCity snapshot: Sainsbury’s first to match Aldi prices in c-store estate
Sainsbury’s is stepping up the battle with the discounters as the supermarket introduces its Aldi price match scheme in 1,400 convenience stores
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NewsTwo Magpies spreads wings with Hilton Macarons acquisition
Founded by James Hilton and Andrea O’Keeffe in 2019, Hilton Macarons produces handmade premium macarons, which are gluten-free and vegetarian
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NewsMilliways launches in France as part of international rollout
It is part of a global rollout for the London-headquartered company and follows the major move to launch nationwide in the US at the start of October
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NewsFmcg shares crash as investors stress over budget pressure for industry
Investors gave a big thumbs down to chancellor Rachel Reeves and the first Labour budget for 14 years as the FTSE 100 sank and shares across fmcg suffered a mass sell-off
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NewsFood Thoughts acquires Doisy & Dam from Nurture Brands to create new confectionery proposition
Food Thoughts has acquired vegan confectionery challenger Doisy & Dam from Nurture Brands to expand the ethical home baking brand into a new category
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NewsManilife invests £1m in new factory as a platform for growth
The new 13,500 sq ft site in Derbyshire – set to start production in the first quarter of 2025 – has capacity to store up to six billion peanuts, equating to 15 million jars of peanut butter
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NewsCity snapshot: Volumes fall at AB InBev and Carlsberg amid tough consumer backdrop
Volumes at brewing giants AB InBev and Carlsberg have declined in the third quarter, with both groups coming in below market expectations. Plus, Sainsbury’s sells Argos credit card business, Ocado appoints new chairman and Q3 updates from Haleon and Coca-Cola HBC
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NewsPanesar Foods acquired by Finnish multinational Paulig
Founded in 1992, Tipton-based Panesar produces sauces, salsas and condiments for the speciality whole foods sector in the UK and overseas
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NewsCity snapshot: ‘Robust’ Q3 results for Mondelez International
Mondelez International has beaten market expectations for revenues and profits in the third quarter. Plus, Lidl agrees to buy new property, Imperial Brands begins £1.3bn share buyback and MicroSalt wins new customer for reduced sodium salt
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NewsBay’s Kitchen set for retail expansion following six-figure fundraise
The Cheltenham-based business, known for its range of sauces, soups, stocks, gravies and condiments, aims to boost its presence in UK grocery stores and expand internationally
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NewsDavison’s expands into ready-to-eat desserts thanks to banking funding
Family-owned desserts manufacturer Davison’s is expanding its range with new ready-to-eat puddings after agreeing a £6m bank funding package
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NewsCity snapshot: Profit rebuild on track at C&C Group despite poor summer hurting cider sales
C&C Group has delivered profits in line with expectations in the first half despite a washout summer driving down cider sales. Plus, the latest BRC shop price inflation data and full-year results from Ultimate Products