All articles by Henry Saker-Clark – Page 20
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NewsMedia Bites 9 July: Co-op/Costcutter, 2 Sisters, Palmer & Harvey
The Co-operative Group has made a failed £15m takeover approach for Costcutter that would have created a grocer with more than 4,000 shops (Sunday Times, Sky News).
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NewsYoung's reveals losses as bidders raise interest
The seafood supplier recorded a 5.4% upturn in sales over the year
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NewsAfrica-inspired health brand Aduna in £300k crowdfunding push
The campaign will raise funds to scale up production of new tea and energy bar ranges
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NewsCity snapshot: Sainsbury's like for like growth slows to 0.2% in first quarter
Sainsbury’s like-for-like sales growth slowed to 0.2% in the first quarter of 2018 as it instigated price cuts to battle a “competitive market”.
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NewsMedia Bites 4 April: Conviviality/KPMG, Premier Foods, Brexit prices
KPMG is being investigated by the Financial Reporting Council over its audit of Conviviality, the boss of Mr Kipling owner Premier Foods has won the backing of two City heavyweights and more.
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NewsTesco agrees link up with French grocery giant Carrefour
Tesco has announced plans to enter a long term “strategic alliance” with French hypermarket chain Carrefour.
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NewsMedia bites 2 July: Premier Foods, M&S, Asda/CO2
The chairman of Bird’s custard and Bisto gravy maker Premier Foods has promised to “sort out” the company’s problems as its spat with a hedge fund escalated further this weekend.
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NewsVeg-led babyfood supplier Babease seeks £850k crowdfunding
The company said it had seen 900% sales growth over the past year and hopes to triple this in 2018-19
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NewsFruit Bowl maker back in profit despite sales decline
Fruit Bowl snacks maker Stream Foods is back in the black after improving profitability, despite a drop in sales.
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NewsPet goods supplier Petface rescued from administration
Petface appointed administrators BDO last week
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NewsOasis "dismayed" over Premier chairman's defence of CEO
The boardroom battle at Premier Foods is continuing into a second week, as second-largest investor Oasis Management described its “dismay” over comments by company chairman Keith Hamill in favour of re-electing current boss Gavin Darby.
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NewsMedia Bites 29 June: Tesco, Warburtons, Greene King
Tesco is planning the biggest revamp of its own-brand food in its 99-year history – and scrapping thousands of big name labels from its shelves
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NewsFive Waitrose stores to close as JLP issues profit warning
Four Waitrose convenience stores and one supermarket have been earmarked for closure, as tough high street conditions took their toll
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NewsSmoothie kit manufacturer Pack'd seeks £500k in crowdfunding push
Nurtition-focused frozen smoothie kit start up has reached out to the crowd for investment to drive the launch of ten new SKUs
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NewsWarm weather and World Cup help grow supermarket sales by 2.1%
Warm weather and the start of the World Cup have helped overall supermarket sales rise 2.1% in the 12 weeks to 17 June, marking 25 consecutive periods of industry growth, according to Kantar Worldpanel.
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NewsMedia Bites 26 June: Grocery Code Adjudicator, Tesco, Morrisons
Britain’s supermarkets are treating their suppliers better, according to the UK’s Grocery Code Adjudicator
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NewsCity snapshot: 2 Sisters hit by protein price inflation
UK chicken giant 2 Sisters was buoyed by the £200m sale of Goodfellas to Nomad Foods in its third quarter, but underlying profitability collapsed on a £5.8m protein division loss. Plus, Oasis Management steps up campaign against Premier Foods CEO Gavin Darby and all the rest of the latest news from the City.
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NewsMedia Bites 25 June: Premier Foods, Poundworld, Tesco
The second-biggest shareholder in Mr Kipling-maker Premier Foods has called for the removal of chief executive Gavin Darby as part of its campaign against the leadership of the highly indebted company.
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NewsOrganic children's food brand Miniscoff in liquidation and seeking buyer
The Wiltshire-based company cited the loss of a major contract for its decision to cease trading 25 May
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NewsLosses deepen as profit margins drop at Daniels Chilled Foods
Newly filed accounts show the Hain Daniels subsidiary recorded an almost £18m decline in turnover