All news articles – Page 1097
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NewsMedia Bites 7 Oct: Tesco, Ocado, Deliveroo
Tesco will complete the overhaul of its top executive team by raiding Tate & Lyle to recruit its new finance chief
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NewsCity Snapshot: Tesco sales soar during pandemic but £553m Covid costs drag on profits
Sales at Tesco soared 6.6% in the first half to £26.7bn as shoppers relied more heavily on supermarkets during the coronavirus pandemic, but costs also ballooned to weigh on profits. The supermarket also announced Tate & Lyle CFO Imran Nawaz as its news chief financial officer.
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NewsDanone to sell remaining €500m stake in Yakult
French food conglomerate Danone has announced plans to sell its remaining 6.6% stake in probiotic yoghurt brand Yakult to strengthen its balance sheet.
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NewsPlant-based cheese brand Willicroft lands Waitrose listing
A trio of Willicroft products go on sale in Waitrose on 7 October
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NewsPostmasters likely to have historical accounting convictions quashed
Forty-four postmasters were prosecuted by the Post Office for stealing money after a new computer system, Horizon, was installed between 2001 and 2013
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NewsFood companies join mentoring programme on waste for future industry leaders
Spearheaded by food surplus redistribution organisation Company Shop Group, the Luminary Programme is billed as a first of its kind mentoring scheme for industry leaders
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NewsWincanton sells off container business to focus on e-commerce and grocery
The logistics giant has signed a conditional agreement to dispose of the containers division to Maritime for around £1.5m
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NewsM&S hires Next’s former digital trading boss
The retailer has hired Gemma Lumsden to lead its analytics, website optimisation and SEO teams
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NewsClean Liquor Co rebrands ahead of major NPD push and US debut
It secured a £7m cash injection which it will spend on marketing, new products and US expansion
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NewsRude Health cereal range gets revamp
It has updated recipes to make all of the SKUs plant-based
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NewsWhole Foods launches search for upcoming vegan and keto brands
Entrepreneurs can apply for its second annual Local Pitch drive, with a chance to win business mentoring and eventual listings in its stores
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NewsBan on Indian Ocean tuna ‘not the right approach’ despite overfishing
A blanket ban may risk ‘exacerbating the existing social and economic issues that trouble island nations’
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NewsChicago Town partners with craft brewery to create pizza-inspired beer combo
It has launched a new stuffed crust pizza and a beer inspired by its flavours
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NewsCity snapshot: Premier Foods redeems £40m of bonds amid ‘strong’ trading
Premier Foods has bought back £40m of corporate bond notes due to continued strong trading momentum in the first half of its financial year. Plus, Glanbia annonces new chairman and all the rest of the latest news from the City.
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NewsMedia Bites 6 October: Ferrero/Fox’s Biscuits, Hovis, Greencore
Italian confectionery giant Ferrero could announce a £250m deal for Britain’s Fox’s Biscuits as soon as this week
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NewsItalian food group Newlat enters £100m race for Hovis
Listed Italian food group Newlat Food has confirmed to the stock market it has made an offer to buy UK bakery brand Hovis
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NewsLo Bros targets gut health with new shots and adds CBD kombucha
The Soulfresh-owned brand has created a duo of ‘Gut Shots’
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NewsJLP launches black employee advisory board to ensure food reflects inclusivity
The “black partner advisory group” will assess JLP’s current lines including its food and fashion ranges
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NewsGinsters teams up with Quorn again for vegan peppered steak slice
It’s the third launch the two brands have partnered on this year
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NewsHotel Chocolat launches monthly NPD subscription service
Subscribers to the ’Virtual Inventing Room’ will get the latest lines before they are approved to hit shelves