All articles by Ed Devlin – Page 91
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NewsCity Snapshot: McColl’s warns of continued supply chain disruption as revenues fall by £140m
McColl’s has warned it will continue to be hit by supply chain shortages as the c-store group revealed revenues tumbled 11.2% to £1.1bn in 2021. Plus, SSP sinks to another loss of more than £400m, and Nestle sells 4% of its L’Oreal holding.
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NewsBrothers Drinks brings Babycham back under control of Showering family
Cider producer Brothers Drinks has acquired iconic sparkling perry brand Babycham from current owner Accolade Wines for an undisclosed sum.
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Comment & OpinionWith AG Barr’s backing, Moma will be a force to be reckoned with in alt milk
With a new British owner, Moma can continue to play the part of a domestic champion fighting multinational conglomerates
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NewsMedia Bites 7 December: Tesco, Spar, Sainsbury’s, AG Barr, Boots
The risk that Tesco will be severely hit by strike action in the crucial pre-Christmas period has escalated dramatically, after the number of distribution centres facing staff walkouts more than tripled to 13 – more than half the total.
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NewsInspired Pet Nutrition acquires Pet Food UK as it kicks off buy-and-build strategy
Inspired Pet Nutrition has snapped up Barking Heads dog food maker Pet Food UK as part of a buy-and-build strategy to create a player of significant scale in the category.
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NewsCity Snapshot: Irn-Bru owner AG Barr acquires 60% stake in Moma to enter plant-based milk market
AG Barr has taken an initial 60% equity stake in Moma Foods, with a path to full ownership agreed over the next three years as part of the deal. Plus, Unite threatens strike action at Tesco warehouses ahead of Christmas and Just Eat Takeaway hit by broker downgrade.
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NewsBread Holdings profits hit record levels despite Covid challenges
A boom in demand for premium bread throughout lockdown helped the business as it focused on selling the Gail’s and Bertinet brands in supermarkets.
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NewsWhen In Rome hits £400k fund target to boost eco-wine packaging
The When In Rome and Philip Schofield brands are currently stocked by Waitrose and Ocado Eco-friendly craft wine supplier When In Rome has hit a £400k crowdfunding target to expand its range of sustainable packaging into paper bottles. Rob Malin, Andrea Marchesi and Lorenzo Canali founded the ...
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NewsCompleat Food Group swoops for Wrights Food Group in first chilled acquisition
The Compleat Food Group has acquired pie maker Wrights Food Group in its first deal since PE house PAI Partners brought Addo Food Group and Winterbotham Darby together
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NewsCity snapshot: Agronomics sets sights on £25m funding round
The Isle of Man-headquartered company, which is listed on the London Stock Exchange, plans to raise the money via a proposed placing of shares.
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NewsMedia Bites 2 December: Omicron, Selfridges, Seedrs, Pets at Home
The Omicron coronavirus variant threatens to intensify imbalances that are slowing growth and raising costs, the OECD said on Wednesday as it significantly increased its inflation forecasts from three months ago.
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NewsO’Brien Fine Foods eyes UK expansion with Bearfields of London acquisition
Bearfields supplies cooked and raw ham to customers, including Lidl and Costco, as well as pub and café groups, catering businesses and independent retailers
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NewsSeedrs snapped up by US fintech firm Republic in $100m deal
Republic said it expected the deal with Seedrs to lead to new innovations and products for European investors and private businesses
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NewsCity Snapshot: Food prices soar in November and set to get worse over Christmas - BRC
Shoppers are likely to pay more for their Christmas dinner this year as food prices rocketed to their highest levels in more than a year.
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NewsEG Group hails performance of foodservice brands in Q3
Revenues at EG Group soared more than 20% in the third quarter thanks to its growing foodservice business
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NewsMedia Bites 30 November: AG Barr, Asda, Omicron variant, SSP Group
AG Barr, Asda and the new Covid variant all come under the media glare this morning.
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NewsIrn-Bru maker AG Barr’s shares fizz higher on profits upgrade
The group continued to benefit from the return of trading with the hospitality industry and consumers drinking out of the home again.
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NewsCity Snapshot: McColl’s expands Morrisons Daily conversion programme
Embattled McColl’s Retail Group has agreed an extension with wholesale partner Morrisons to convert a further 100 of its stores to the Morrisons Daily fascia. Plus, AG Barr upgrades full-year profit expectations as recovery continues.
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Analysis & FeaturesWhat will CVC do with Ekaterra, Unilever’s tea business?
Unilever has offloaded the brands to CVC Capital Partners in a €4.5bn sale
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NewsInflation and supply chain chaos slowing M&A activity
The uncertainty around ongoing pricing negotiations with retailers, availability of labour and difficulties sourcing packaging have led to buyers becoming more cautious