All articles by Harry Holmes – Page 3
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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
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NewsCity snapshot: Consumers ‘despondent’ ahead of Labour’s first Budget
Confidence had been returning but has now fallen for three months in a row, according to GfK’s monthly index. Plus, Remy Cointreau downgrades guidances after sales fall 16% in the first half of the year.
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NewsCity Snapshot: Unilever’s shares rise after beating expectations
Unilever and Danone both beat third-quarter sales expectations thanks to selling more products. Also, Kerry Foods continues to battle deflation, and Applied Nutrition announces its valuation before the IPO on Thursday
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NewsCoca-Cola exceeds quarterly expectations due to higher prices
The drinks giant got a boost from higher prices that offset a surprise drop in volumes