All articles by Harry Holmes – Page 9
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NewsNomad Foods looks to recover momentum after major tech disruption
In November, disruption caused by new software forced the company to lower its forecast revenue growth
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NewsCity Snapshot: Ocado Retail scores ‘record breaking Christmas’
The retailer was boosted by more people choosing to do some of their Christmas grocery shopping online, with total UK online spend for the month reaching a record £1.6bn.
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NewsOcado keeps up momentum to end year on a high
Revenue grew by 17.5% in the final quarter as the online retailer drew in more loyal shoppers
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NewsHilton Foods hails strong Christmas trading period
The meat supplier was helped by the launch of new premium products in the UK.
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NewsB&M shares tumble after profit guidance cut
B&M’s trading over the Christmas period was weaker than expected
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NewsYeo Valley’s margins squeezed in ‘fiercely competitive marketplace’
Yeo Valley acknowledged ‘the sometimes competing forces’ of paying a fair price to farmers while keeping retail prices low
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NewsLupa Foods bought by private-equity backed Geia Food
Lupa Foods specialises in supplying Italian products to UK food manufacturers
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NewsWilliam Jackson Foods posts £1.5m loss
The Abel & Cole owner called it ‘another challenging year’
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NewsDuerr’s chalks up record profits as inflation eases
F Duerr called it a ‘vastly improved sales and profit result’ after several difficult years
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NewsUK food and drink exports tumble more than 10%
The EU remains the UK’s biggest trading partner but sales to the bloc fell due to administrative burdens from Brexit
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NewsCity snapshot: Food store sales rise for first time in three months
These numbers will give “little festive cheer for retailers” with total retail sales less than expected, raising further questions about the state of the economy
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NewsCity snapshot: Unilever to sell Unox and Zwan to Dutch food group
Unilever is looking to sharpen its foods portfolio, focusing on fewer and bigger brands in categories such as cooking aids, mini meals and condiments.
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NewsCity snapshot: UK food inflation hits seven-month high of 2%
The Institute of Grocery Distribution (IGD) forecast last week that food inflation could go up to 4.9% next year, driven primarily by higher costs for businesses due to measures in the government’s budget.
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NewsMedia Bites: higher wages, free carrots, and French onion soup
The UK’s wage growth accelerated to 5.2% in the three months to October
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NewsCity snapshot: Walkers’ revenue jumps despite volume struggles
Walkers Crisps has lost more sales this year after average prices increased 4.1%, according to The Grocer’s Top Products survey.
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NewsCity snapshot: Manufacturing mood darkens over ‘cost crisis’
Confidence among manufacturers has fallen at its sharpest rate since the pandemic as businesses face up to a looming ‘cost crisis’.
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Category ReportSquash goes posh: Adult soft drinks category report 2024
Premium fruit cordials are booming as the wider adult soft drinks category struggles. Who’s cashing in on the posh squash trend?
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NewsCity snapshot: McWin Capital in talks to buy Gail’s Bakery
McWin Capital is already a backer of the bakery’s parent company and is looking to pre-empt a sale of the business
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NewsCity snapshot: Boots owner in takeover talks with US private equity
Boots owner Walgreen Boots Alliance is in talks over a sale that could trigger a fresh auction of the British retailer. Also, British American Tobacco’s shift to smokeless is yielding results.
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Comment & OpinionCan Mondelez finally persuade Hershey to sell up?
Many are wondering how chocolate giant’s Mondolez latest bid for US counterpart Hershey is different from other recent approaches