Proactiveinvestors United Kingdom - Food & Beverages RSS feed Proactiveinvestors United Kingdom - Food & Beverages feed en Fri, 19 Jan 2018 09:41:01 +0000 Genera CMS AB Foods delivers mixed Christmas trading with Primark lifting sales Thu, 18 Jan 2018 09:00:00 +0000 Premier Foods' growth led by international sales ... and mince pies Tue, 16 Jan 2018 11:04:00 +0000 Tate & Lyle names former Pepsico executive Nick Hampton as new boss Tue, 16 Jan 2018 10:16:00 +0000 Primark well placed to take US market share, says Barclays as it upgrades parent ABF Tue, 16 Jan 2018 09:14:00 +0000 Premier Foods open to Batchelors sale but not in advanced discussions at the moment Mon, 15 Jan 2018 08:36:00 +0000 Unilever to close Colman's Mustard factory in Norwich after 160 years Fri, 05 Jan 2018 08:45:00 +0000 Real Good Food secures new lending arrangements from three main shareholders Fri, 22 Dec 2017 13:15:00 +0000 RBC warns AB Foods that even Primark isn’t immune to tough retail environment Tue, 19 Dec 2017 10:01:00 +0000 Britvic confirms closure of Norwich factory site with loss of hundreds of jobs Mon, 18 Dec 2017 08:05:00 +0000 Unilever to sell margarine and spreads business to private equity firm KKR Mon, 18 Dec 2017 07:29:00 +0000 ABF expects annual retail profit growth as Primark expansion continues Fri, 08 Dec 2017 12:50:00 +0000 No miracle: SodaStream finds way for its instant fizz machines to turn water into sparkling wine Wed, 29 Nov 2017 14:16:00 +0000 Britivic faces headwinds despite 5% increase in earnings Wed, 29 Nov 2017 08:48:00 +0000 Cranswick delivers strong growth across-the-board Tue, 28 Nov 2017 10:32:00 +0000 Primark's US expansion in doubt as Morgan Stanley downgrades AB Foods Tue, 28 Nov 2017 10:14:00 +0000 Unilever sees single corporate structure in the best interests of company and shareholders Tue, 28 Nov 2017 08:55:00 +0000 Primark remains growth engine for ABF, says Liberum Mon, 27 Nov 2017 09:16:00 +0000 Sky News says Unilever working with executive search firm to identify successor to chief executive officer Fri, 24 Nov 2017 07:24:00 +0000 Premier Foods swings to a half-year profit as Angel Delight makes a comeback Wed, 15 Nov 2017 12:47:00 +0000 Supermarket supplier Bakkavor to go ahead with London IPO despite shelving it last week Fri, 10 Nov 2017 10:35:00 +0000 ABF shares fall on plans to reduce size of US Primark stores as it reports full year profit growth Tue, 07 Nov 2017 13:15:00 +0000 Imperial Brands shares flick higher on plans to expand vaping products amid falling tobacco sales Tue, 07 Nov 2017 09:42:00 +0000 Tate & Lyle raises full-year guidance after sweet first half Thu, 02 Nov 2017 09:22:00 +0000 Unilever rallies after buy back offer for Dutch preference shares declared unconditional Thu, 26 Oct 2017 10:59:00 +0100 Real Good Food hurt by rising raw material costs Mon, 23 Oct 2017 10:39:00 +0100 Real Good Food recovery plan derailed by rising butter costs Mon, 23 Oct 2017 09:23:00 +0100 Unilever's lower organic growth was bump in road, says Berenberg, which rates shares 'buy' Fri, 20 Oct 2017 09:52:00 +0100 Unilever's efforts to lift margins with cost cuts and price rises are short term fixes, says analyst Thu, 19 Oct 2017 11:52:00 +0100 Unilever shares fall as third quarter trading hit by poor weather in Europe, hurricanes in US Thu, 19 Oct 2017 10:47:00 +0100 Food services giant Aramark to buy Avendra and AmeriPride for US$2.35bn Mon, 16 Oct 2017 13:05:00 +0100 Markets shrug off N Korea tensions – Core Finance It is business as usual for the markets as traders shrug-off the tensions in the Korean Peninsula and refocus on economics.
Watch presenter Matt Brown and Core London CEO Nick Batsford discuss the rebound in the risk assets and the outlook for Real Good PLC, WH Smith.

Wed, 30 Aug 2017 11:40:00 +0100
Zak Mir: 16p still a valid target for Dekeloil Palm oil group's move on Norpalm in West Ghana has highlighted rising trend since September and as long as price stays above 12.74p a valid target for the shares is 16p.

Wed, 10 May 2017 10:44:00 +0100
ETX Capital's Neil Wilson talks through Unilever's 'pretty solid' quarterly sales Neil Wilson, senior market analyst at ETX Capital, talks through Unilever plc's (LON:ULVR) quarterly update.

The FTSE 100-listed firm, which unveiled the results of a wide-ranging strategy review earlier this month, said its underlying sales growth in the first three months of the year was 2.9%.

Excluding its spreads business, which Unilever has announced it intends to exit, underlying sales growth was 3.4% with volumes up 0.3%.

Thu, 20 Apr 2017 10:33:00 +0100
Unilever's spread disposal 'certainly a good move', says ETX Capital's Neil Wilson Neil Wilson, senior market analyst at ETX Capital talks through the news the consumer products giant Unilever PLC (LON:ULVR) has confirmed it's planning to sell or demerge its spreads business.

''It's certainly going to be a good move in terms of the strategy Unilever wants to pursue'', Wilson says.

''They're keen to  move away from that and focus on growth areas and it frees up a bit of cash''.

Thu, 06 Apr 2017 12:00:00 +0100
Good Christmas trading unlikely to save the AB Foods’ share price Technical analyst Zak Mir doesn’t expect Associated British Food PLC’s (LON:ABF) good Christmas trading to resurrect the Primark owner’s flagging share price.

“We’re in a descending price channel here [and given that] we’re below the 50-day moving average of £26.21 there’s a risk of a retest of the £24 zone,” Mir tells the Proactive Investors Bulletin Board.

“I’d be surprised if it went that much lower given that the company had a good Christmas and it’s still feeling the benefits of a weak pound.”

Mon, 23 Jan 2017 09:45:00 +0000
Unilever shares could hit £36 before March Shares in consumer goods giant Unilever PLC (LON:ULVR) are set to head back towards the highs of 2016, with the ‘King of Charts’ Zak Mir claiming that they could top the £36 mark once more.

“An initial target here is back towards the 200-day moving average of £33.58,” Mir tells Proactive.

“If we can get through that on a weekly close basis, then one would be looking back towards the highest levels of last year, towards £36, before the end of the first quarter of 2017.”

Fri, 06 Jan 2017 10:20:00 +0000
Unilever shares have found support after Marmite-gate says Zak Mir If you ‘love it’ then Marmite parent Unilever Plc (LON:ULVR)could be a buy at present levels, so says technical analyst Zak Mir.
“After the sharp fall in the Marmite-gate scandal – from £38 down to around £31 – it looks as though we’ve found some support here,” Mir said in a Tip TV segment.
“If you are a fan of the company and see the situation stabilising somewhat then the shares look to be a technical ‘buy’ in this region.”
Thu, 08 Dec 2016 10:55:00 +0000
Fine wine something every investor should consider, says Apprentice finalist Alternative investment ideas are becoming increasingly significant, not least as since the UK's Brexit vote on June 23 this year, an eye-watering £2trillion has been wiped off global markets.

Putting your cash into fine wine is one such opportunity and Tom Gearing, managing director of Cult Wines, tells Proactive how his industry is gaining traction as investors hunt for the yield they are failing to get from traditional asset classes.

It comes as new research looking at wealth managers and IFAs has revealed that 27% expect appetite for wine investing to increase over the next 12 months as the impact of Brexit drives the sector to new highs.

Tom, a finalist in the 2012 Apprentice series, explains the advantages to investing in wine over a safe haven like gold including that there is a low correlation between wine and volatile financial markets.

It also has a recognised exchange in the form of  the benchmark Liv-ex Fine Wine 100 index.

Where 20 years ago, it was the preserve of the elite, it is now something that every investor should consider, he suggests.

Tue, 16 Aug 2016 15:48:00 +0100
A period of investing ahead says Real Good Food chief Chief executive of Real Good Food PLC (LON:RGD) Pieter Totté says the sale of the Napier Brown business came at the right time and for a good price.

Sold for £10mln over book value, the disposal slashed the group’s debt and means it can look to future small acquisitions, he tells Proactive Investors.

“We are now entering a period of investing into our existing businesses and we are looking to take an awful lot of costs out,” says Totté.

He says the group is not particularly concerned with certain challenges facing the industry, namely Brexit, as the group is a net exporter.

“What we import is very limited,” explains Totté. He says the US is an upside thanks to the strength of the dollar.

“We had a very good month following the referendum which surprised us, but people still eat,” he says.

The group is now investing heavily into its Renshaw business, which Totté says has grown “tremendously” and says there are lots of opportunities to invest, with a number of small acquisitions a possibility.

Tue, 02 Aug 2016 15:45:00 +0100
Brexit boost adds spice to bumper production at Dekeloil Dekeloil’s (LON:DKL) interim underlying profits will be ‘materially’ above last year, says Lincoln Moore, after a stellar performance from its new kernel crushing plant and unexpected currency bonus from Brexit.
Palm oil production in the Ivory Coast rose by 30% in the latest half year, but this was overshadowed by the kernel crushing plant says executive director Moore.
From an investment of €1.1mln, the new kernel crushing plant should make underlying profits or EBITDA of €1.4mln in its full year of production, he says.
Production of palm oil from its now 86%-owned mill, meanwhile, continues to ramp up and the currency issues that affected demand from important customer Nigeria have also eased.

Fri, 08 Jul 2016 12:03:00 +0100
Dekeloil hails "value-accretive" Ayenouan palm oil deal Lincoln Moore, executive director at Dekeloil (LON:DKL) talks to Proactive Investors about the company's recent stake increase in the Ayenouan palm oil operation in the Ivory Coast to 81.5% and the £10.8mln share placing supporting it.

He says he is very pleased with the deal as it was done in a "value-accretive" way so EPS will increase for both new and existing shareholders.

Moore says Dekel aims to keep up increasing production at Ayenouan and he hopes half year production figures will be significantly higher than last year's over the period.

Tue, 24 May 2016 14:11:00 +0100
English winery & brewer Chapel Down seeing strong organic growth Frazer Thompson, chief executive officer at English winery and brewer Chapel Down (ISDX:CDGP) talks Proactive Investors about the current - and growing - appetite for English wine and craft beers.

He says consumers currently are looking for "passion" and Chapel Down answers this trend by offering products that are "different, distinctive and with personality."

He says trading has been good so this year and he expects the business to grow again this year "very healthily".

Fri, 13 May 2016 10:09:00 +0100
United Cacao asset could be the best in the world, says chief Dennis Melka, the founder, executive chairman and chief executive of United Cacao Ltd. (LON:CHOC), says he’s “excited about the asset that [the company is] building” and has set his sights on developing the pure-play cacao producer into the largest, and best, in the world.

Speaking to Proactive, Melka says that United Cacao is “building what [it] thinks is the premier cacao estate, not only in Latin America, but in the world”.

He added that the firm’s “incredible” location in Peru would help United to grow, as would its determination “to be one of the lowest cost producers in the world”.

Tue, 10 May 2016 08:22:00 +0100
DekelOil says company built good platform for growth in 2015 and "things look rosy" Lincoln Moore, executive director at palm oil producer DekelOil (LON:DKL) runs through the company's recent full-year results which saw revenues increase 134% after record production in Ivory Coast.

Moore says the company "really build good platform for growth in 2015 which will be a launching pad for further growth in 2016 and beyond".

He says "things look pretty rosy for 2016" and that talks to be certified by the Rountable for Sustainable Palm Oil are progressing well.

Thu, 14 Apr 2016 15:49:00 +0100
DekelOil Public Limited’s Moore sees “significant jump” in profits this year DekelOil Public Limited (LON:DKL) reported this week that it had produced substantially more palm oil than even it expected in its latest quarter, with output from the 51% owned Ayenouan palm oil project in the Ivory Coast rising by 56% to 15,141 tonnes versus a year ago.

Speaking to Proactive Investors, Lincoln Moore, executive director, says the results were “a pleasant surprise” after the firm had initially expected to hit around 12,000 tonnes.

He adds that he “now expects 2016 to see a significant jump in profitability”, with EBITDA more than 80% ahead, leading to a much higher rise in net profit.

Thu, 07 Apr 2016 09:04:00 +0100
DekelOil Public Limited is “outperforming” says chair A refinancing by DekelOil Public Limited (LON:DKL) is expected to positively impact profitability as a loan for €8.69mln that was used to part fund its Ayenouan palm oil in Ivory Coast was replaced by a new €9.15mln, seven-year facility, earlier this week.

Andrew Tillery, non-executive chairman, says the company is “now perceived more as an operating company, which is hitting its targets” than a start-up, making it much less risky for financiers.

Tue, 22 Mar 2016 07:31:00 +0000
CEO: PureCircle cash flow positive in first half for the first time Magomet Malsagov, chief executive of PureCircle (LON:PURE), says the natural sweetener provider was cash flow positive during the first half of its fiscal year for the first time.

Malsagov believes this is “largely to do with the fact that our margins have increased significantly”, while health-conscious consumers have also driven demand further.

He adds that this milestone is particularly impressive given that sales are usually skewed towards the second half of the year and sees the firm pushing on from this and continuing to grow over the next three years.

Tue, 01 Mar 2016 11:28:00 +0000
Real Good Food’s chairman on new acquisition’s organic growth potential Pieter Totté, chairman of Real Good Food (LON:RGD), tells Proactive that the £1.75mln acquisition of  high quality dessert-maker Chantilly Patisserie has organic growth potential. 
In addition to its existing customer base of 4-star hotels, Totté says, “We also see opportunities in certain sectors of retail which is quite novel to the business itself.  The product is of such a high quality that we feel that we can service a space there.”
As well as its premium bakery arm, Real Good Food also has the cake decoration and food ingredients divisions and Totté is looking at complimentary acquisitions across the board.

Mon, 15 Feb 2016 11:17:00 +0000
Dekeloil director hints at future dividend plans DekelOil (LON:DKL) director Lincoln Moore says the company could start paying a dividend later this year, depending on debt refinancing progress and operational cash flow levels.

Last week the firm hailed an ‘excellent’ first full year of production for its Ayenouan palm oil plant in Côte d'Ivoire.

Output was 35,770 tonnes of crude palm oil, a year on year increase of 151%; sales were up 156%.

Tue, 12 Jan 2016 07:48:00 +0000
PureCircle CEO on Zeta family ingredients Magomet Malsagov, CEO of PureCircle (LON:PURE) says the newest set of stevia-based ingredients, the Zeta Family, will be available from January.

The ingredients close the taste gap for low to no calorie applications and are made with steviol glycosides with the most sugar-like taste, including Reb M and Reb D, the company said.

Stevia is a low calorie sweetener specially formulated with extracts of the Stevia plant

Thu, 17 Dec 2015 13:42:00 +0000
Real Good Food in healthy shape after transformational period, says chairman Pieter Totté, chairman of The Real Good Food Company (LON:RGD), says a refreshed focus on cake, ingredients and bakery businesses has set the firm up for a successful Christmas trading period and year-ahead.

Speaking to Proactive, Totté comments on the sale of the company’s sugar distribution business - Napier Brown - which delivered a one-off exceptional profit during the six months to 30 September of £9.4mln.

Cake decoration, food ingredients and premium bakery will be key to trading performance going forward, and the firm is already seeing positive sales trends heading into the Christmas period.

Wed, 11 Nov 2015 16:07:00 +0000
London’s palm oil players worth a punt, VSA Capital reckons London's palm oil producers have lagged their foreign-listed peers this year and broker VSA Capital reckons there’s a buying opportunity.

Investors can find good value among the likes of M.P. Evans Group (LON:MPE),  DekelOil (LON:DKL) and R.E.A. Holdings (LON:RE.) according to analyst Ed Hugo, who also explains the drivers behind the recent pick-up in CPO prices.

Thu, 08 Oct 2015 13:23:00 +0100
Stevia market proving a sweet spot for PureCircle Magomet Malsagov, chief executive of PureCircle (LON:PURE), says the natural sweeteners market servicing the food and beverage industry is worth US$90bn globally.

PureCircle creates sweeteners from the stevia plant – a sugar alternative – an increasingly popular ingredient used to reduce calories in food and drink.

Speaking to Proactive, Malsagov discusses the potential for the firm, regulatory challenges, big brands using its products and the long-term outlook for growth.

Tue, 06 Oct 2015 07:22:00 +0100
DekelOil’s Moore on “great six months” for palm oil producer Lincoln Moore, executive director at palm oil producer DekelOil explains how the firm has achieved a big uplift in its half year results.

Record production and sales of palm oil helped Ivory Coast-based DekelOil (LON:DKL) almost treble interim revenues and come close to break even.

Speaking to Proactive, Moore says he is delighted the performance and adds that there’s still plenty of room for more organic growth.

Mon, 14 Sep 2015 15:47:00 +0100
DekelOil ‘well on track’ to exceed forecasts says exec director Lincoln Moore, executive director at DekelOil (LON:DKL), tells Proactive Investors the company looks well on track to surpass the 30,000-tonne forecast for its crude palm oil (CPO) production for this year.

After today’s share price rise – the stock opened up more than 60% this morning – Moore says investors are starting to gain confidence that the company is on a long-term track.  

The AIM-listed group today revealed its CPO production in the Ivory Coast hit a new record in April, with this year’s output already exceeding the whole of 2014’s.

Tue, 05 May 2015 14:06:00 +0100
DekelOil’s Moore says hard work is paying off Lincoln Moore, executive director at DekelOil (LON:DKL), says the work the company has put in at its palm oil project in the Ivory Coast is now paying off after some impressive production numbers and admits the company could become a bid target as prices start to pick up.

Moore says DekelOil is on track to produce ‘significantly more’ than its initial annual production target of 30,000 tonnes of crude palm oil and he is confident it can meet or even beat its full-year profit forecast of 5 million euros.

As for the falling price of palm oil, Moore says: ‘Even at what are the lowest levels of palm oil prices for the last six to seven years, we’re still making around a 30% gross margin which is very good.’  

Tue, 07 Apr 2015 15:16:00 +0100
Domaine Chanzy CEO on first ever IPO via equity crowdfunding Philippe der Megreditchian, the chief executive of Burgundy wine maker Domaine Chanzy, explains the rationale behind the upcoming AIM flotation, which is the first via crowdfunding.

He says the funds will be used for marketing and to buy more land (which he points out is expensive in Burgundy), adding that he hopes to turn Domaine Chanzy into a ‘global luxury brand’ that can be a ‘very strong and profitable business’. Domaine Chanzy is looking to raise £1.9mln in the crowdfunding phase, giving it a pre-IPO valuation of just under £8mln.

Mon, 09 Mar 2015 13:08:00 +0000
DekelOil director Lincoln Moore delighted by production surge Lincoln Moore, executive director at DekelOil (LON:DKL), discusses the group’s latest operations update and how the palm oil company has managed to double production. ‘We expect this to be a very profitable six-month period,’ adds Moore. 

Fri, 30 Jan 2015 13:11:00 +0000
Real Good Food chairman unveils acquisition ambitions Pieter Totté, the executive chairman of Real Good Food plc (LON:RGD), tells Proactive Investors the acquisition of cake decoration ingredients firm Rainbow Dust Colours could be the first of a number of deals for the group. Totté talks about the company’s new strategy, which he hopes will deliver increased shareholder value. 

Tue, 20 Jan 2015 12:54:00 +0000
Festive Features: ISDX CEO on Chapel Down, increasing liquidity and name change Patrick Birley, the chief executive of ISDX, says he is starting to see a pipeline of new companies coming to the growth market after a quiet year for new listings in 2014.

Birley touches on some of the success stories, such as Chapel Down (ISDX:CDGP), which secured the largest ever equity crowdfunding in the UK this year.

Mon, 29 Dec 2014 08:56:00 +0000