All articles by Ed Devlin – Page 87
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Comment & OpinionMorrisons takeover leaves remaining public supermarkets looking attractive
Fortress’ statement bowing out of the Morrisons auction ominously says that the UK remains ’a very attractive investment environment from many perspectives’
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NewsCity Snapshot: CD&R wins £7bn Morrisons takeover auction
US private equity firm Clayton, Dubilier & Rice prevailed in the one-day auction for Morrisons over the weekend
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NewsMedia Bites 30 September: Caffè Nero, Morrisons, SSP Group, fuel crisis
A High Court judge has dismissed an attempt to overturn the restructuring of Caffè Nero, in a ruling that in effect kills off the takeover hopes of Asda and Euro Garages owners Mohsin and Zuber Issa.
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NewsHundreds of jobs at risk as 2 Sisters explores Uttoxeter biscuit factory closure
2 Sisters Food Group is exploring the closure of its own-label biscuit factory in the Midlands as cost pressures facing the food industry intensify putting more than 500 jobs at risk.
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NewsPilgrim’s drives Tulip back to black in pork turnaround
US meat giant Pilgrim’s Pride has completed a turnaround of Tulip, with the pork supplier bouncing back into the black for the first time in years, according to newly filed accounts
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NewsInflation hits food industry as rising costs and supply chain pressures bite
Food prices have jumped up for the first time in six months as the barrage of cost pressures and supply chain challenges started to filter through to consumers.
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NewsCity Snapshot: CD&R and Fortress auction for Morrisons to go ahead on Saturday
The City’s Takeover Panel has set out the terms of the forthcoming Morrisons auction between Clayton, Dubilier & Rice (CD&R) and Fortress Investment Group. Plus, food prices rise for first time in six months, SSP Group updates on trading, and SIS signs partnership with NBA champions.
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NewsFellow Creatures hits supermarket shelves after winning over plant-based investors
Vegan confectionery start-up Fellow Creatures has landed nationwide retail listings after securing six-figure backing from investors, including Veganuary founder Matthew Glover’s Veg Capital.
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NewsMedia Bites 28 September: fuel crisis, Aldi, Patisserie Valerie
The growing fuel crisis dominates the front pages of the papers once again this morning.
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NewsCity Snapshot: Aldi to invest £1.3bn following record sales in 2020
Aldi has revealed plans to invest £1.3bn over the next two years in an attempt to grab a bigger share of the UK grocery market following sales hitting record levels in 2020.
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NewsMedia Bites 27 September: fuel shortages, Morrisons, Warburtons
The HGV driver crisis and the resulting shortages of fuel, turkeys, drugs are still making all the headlines in the weekend’s papers.
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NewsSneak energy drink disruptor sells majority stake to global PE house
The brand sells a range of sugar-free, clean-label powdered energy formulas and pre-mixed cans
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NewsSeabrook sales hike boosts Calbee profits
Newly filed accounts revealed 2020 turnover of £43.7m.
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NewsSteyaert to succeed Nervegna as Ferrero UK&I boss
Alessandro Nervegna will move into the role of chief business officer for the international area.
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NewsAston Manor reports record performance in face of Covid challenges
The cidermaker has posted a record performance in 2020 despite the hospitality sector battling mass disruption throughout the pandemic
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NewsEY-Parthenon hires Oliver Wyman consultant for consumer products team
EY-Parthenon has appointed retail specialist Duncan Brewer as partner to its consumer products and retail team
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NewsInnocent turns pandemic sales decline around
CEO Douglas Lamont told The Grocer “a steady return” of the impulse business as lockdown restrictions ended had led to “an encouraging” performance in 2021.
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NewsCity Snapshot: Consumer confidence hit by escalating inflation worries
Consumer confidence was dented in September on the back of growing anxiety about a potential cost of living crisis as gas prices shot up and food inflation looked set to kick in. Plus, Mexican fast-food chain Tortilla unveils plans for a flotation on London’s junior AIM market.
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NewsDalston’s eyes retail expansion as it beats £400k crowd target
Dalston’s has hit a £400k crowdfunding target within 24 hours of launching a campaign to help the challenger drinks brand’s ongoing recovery from the Covid pandemic.
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NewsMedia Bites 24 September: Driver shortage, inflation, Morrisons
A week of crisis continues, with the HGV driver shortage leading to disruption to Britain’s fuel supply.