All articles by Ed Devlin – Page 9
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NewsPZ Cussons pulls St Tropez auction as self-tan brand struggles in the US
PZ Cussons has abandoned plans to flog the St Tropez self-tanning brand after running an extensive auction process
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NewsAsda falls £600m into the red amid turnaround battle
The slide from a £180m pre-tax profit to a £599m loss in 2024 came as food sales lagged expectations, falling 3.7% on a like-for-like basis, according to newly filed accounts for parent company Bellis Finco
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NewsSupermarket volumes decline as food inflation hits 16-month peak
Grocery volumes dropped for the first time this year as prices continued to spike at a faster pace in June, according to the latest Kantar data released this morning
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NewsUnilever acquires Dr Squatch as Dove owner continues to clean up portfolio
The Dove and Lynx owner said the deal marked another step in moving its portfolio towards premium and high-growth spaces
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NewsPZ Cussons puts investors in a lather as shares fall on transformation update
PZ Cussons failed to convince the markets this week on the progress of its ongoing transformation as the personal care group sold off its stake in the Nigerian edible oils business for £51m
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NewsPernod Ricard set to simplify structure in cost-cutting exercise
It is a response by the French group to strengthening headwinds in the global spirits market as the owner of Jameson, Absolut and Havana Club struggled to perform amid weakening consumer confidence around the world
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NewsFlora Food Group sales and profits slump in promotion push
Profits at Flora Food Group have declined in the UK as the former Unilever spreads business invested in lower prices and a major marketing campaign for Flora to highlight its dairy-free credentials
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NewsUnilever weighs up sale of loss-making snacking brand Graze
Unilever is reportedly looking to offload healthy snacking brand Graze as the consumer packaged foods giant continues to explore ways to reshape its portfolio
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NewsNestlé chairman Paul Bulcke to depart after 50 years with Kit Kat owner
Bulcke does not plan to stand for re-election at the company AGM on 16 April 2026 and will step down from the board following the meeting next year
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NewsCo-op secures £350m loan from banking partners
The company said the deal with HSBC, Barclays, ING, Lloyds, NatWest and Rabobank reflected “strong market confidence” in its resilience and performance following recent financial successes
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Comment & OpinionIt’s too late for Mighty but plant-based is bouncing back
Mighty Drinks has joined the unenviable ranks of plant-based brands going to the wall – but there’s more to the story than failure
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NewsFood inflation hits 15-month high as chocolate and meat prices rise
Spiking food prices has offset cheaper transport to keep UK inflation levels steady in the year to May, new official data out this morning has revealed
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NewsPZ Cussons flogs African palm oil business but EPR rules in UK hit profits
PZ Cussons has sold its stake in a Nigerian edible oils business for £51m as the London-listed personal care group makes progress on efforts to simplify the group
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NewsMighty Drinks hopes for rescue deal after calling in administrators
Mighty Drinks has collapsed into administration, with specialists at recovery firm Interpath searching to put together a rescue deal to save the milk alternatives brand
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NewsB&M CEO Tjeerd Jegen buys £500k-worth of shares for bargain price
B&M has revealed Jegen purchased almost 200,000 shares in five separate transactions last week
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NewsFood & drink manufacturers back in growth as orders rise
The food and drink manufacturing sector has boosted its output for the first time since March, according to a report this morning.
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NewsHunter & Gather joins forces with Julia Bradbury to promote ancestral living
Hunter & Gather has signed up TV presenter Julia Bradbury in an exclusive partnership as a brand ambassador to promote its range of ‘ancestrally inspired’ healthier foods
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NewsTesco share price climbs higher after strong start to the year
Tesco fought off intensifying competition from traditional and discount rivals to continue its run of growing market share in the first quarter to 24 May
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NewsWarburtons defies downturn in wrapped bread as sales rise
Revenues at the group increased 4.2% to £741.1m in the year to 28 September 2024, with volumes defying the structural challenges in the wrapped bread segment of the market by rising 2.9% year on year
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NewsPoundland owner Pepco completes sale of struggling retailer for nominal sum
Poundland MD Barry Williams will continue to lead the business under the new ownership of the retail-focused investment firm Gordon Brothers