All articles by Harry Holmes – Page 18
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NewsCity snapshot: Just Eat sells Grubhub for $650m
Just Eat bought the company for over $7bn less than four years ago. The markdown reflects the company’s poor performance since then as it struggled to compete with rivals like Uber Eats. Also, cautious shoppers are reigning in their food bills ahead of Christmas
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NewsFemale-focused Neurita Tequila raises over £100k from crowd
The business is looking to capitalise on tequila’s booming popularity
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NewsCake Box ‘building momentum’ through new stores
The UK’s largest franchise retailer of fresh celebration cakes now has 232 outlets
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NewsHain Celestial shares sink lower as turnaround plan flounders
Quarterly revenue fell as both volumes and prices came down
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NewsBeyond Meat running out of cash despite return to growth
Investors are now hoping the business has turned a corner after sales grew 7.6% to $81m in the three months to September, and gross profit turned from a $7.3m loss to a $14.3m profit
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NewsGraze cuts costs ahead of Unilever integration
Unilever decided to integrate Graze after it made a loss in every full year since it was purchased
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NewsCity snapshot: M&S has ‘so much to do’ as profits beat expectations
Pre-tax profits surged 17% in the first half of the year, propelled largely through its food business. Also, Domino’s Pizza returns to sales growth and Glanbia announces major restructure
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NewsJNCK Bakery raises £200k to support Tesco launch
JNCK became one of Tesco’s latest recruits for its new Accelerator Programme
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NewsKinKind hits target for UK and US expansion
The business makes plastic and water-free bathroom products
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NewsTazaki Foods buys Finnish wholesaler to boost Japanese food presence
Tazaki Foods is the largest importer and distributor of Japanese food and drink in the UK
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NewsKepak buys Summit Foods to enter sandwiches and frozen for first time
Summit Foods specialises in chilled and frozen convenience foods
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Category ReportWhat is the future of the booze aisle?
To reverse sliding alcohol sales, merchandising is becoming more inventive and tech-savvy – from walk-in chillers to AI sommeliers
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Analysis & FeaturesThe Top 150 UK Food & Drink Supplier Rankings & Report 2024
Almost half the UK’s 150 biggest food and drink manufacturers increased sales by 10% or more in 2023 – but margins are still being squeezed. What next for the ‘recovery phase’?
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NewsTop 150 food and drink brands fight off own-label challenge
Revenues at the UK’s top 25 branded companies grew 19% in 2023, ahead of a grocery average of 9.3%, O&C analysis of the top 150 UK food & drink suppliers found
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NewsMedia Bites 31 October: Budget reaction, Kraft Heinz, Starbucks
Unsurprisingly, the front-pages this morning are all about Rachel Reeves’ first budget
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Comment & OpinionLabour’s budget gamble leaves businesses scrambling for cash
Labour is hoping it can both raid corporate pockets and simultaneously stimulate growth
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NewsThe budget as it happened and what it means for fmcg
Rachel Reeves confirms this budget will raise taxes by £40bn
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NewsFullers Foods’ sales surge in ‘landmark’ year
It is the company’s first full year after its sale to private equity
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NewsRude Health bought by Finland’s Oddlygood
The terms are undisclosed but Rude Health was valued at over £70m in 2020