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Did You Know, July 21 2015

Did you know… London-based Shore Capital Stockbrokers, which tracks Britvic’s stock, says that the company’s momentum in Ireland is likely to continue? Britvic announces its Q3 figures on Thursday. “Britvic reported a good H1 FY2015A in Ireland with volume and value growth ahead of the market and we expect that this should broadly have continued into Q3,” said Shore Capital’s Phil Carroll said. “Note the reported performance will be impacted by the strength of Sterling against the Euro in the period.”

Did You Know... John Dixon has left his role as the head of Marks & Spencer’s non-food division after 26 years with the retailer? He has left in order to become chief executive of an as yet unnamed company. It is believed that Steve Rowe, current head of the brand’s food division, will replace him.

Did You Know... A report from the European Commission has revealed that people do not stop eating meat during recessions, but instead switch to different kinds? The study says that EU consumers are likely to reduce their consumption of meat of the coming years in response to environmental and health concerns, however, when looking at recession-era shopping habits, Europeans switched to poultry and cheaper cuts when they wanted to reduce costs.

Did You Know... Permission has been granted for the construction of a new €2 million Lidl in Knocknacarra, just off the Western Distributor Road? It is expected that the supermarket will take five to six months to build, and will create up to 25 new full-time jobs when completed. The outlet’s predicted annual turnover is €8.5 million.

Did You Know... According to Kevin Sheridan of Sheridan’s Cheesemongers, red cheddar does not exist and instead is actually just white cheddar with food colouring? Speaking to DailyEdge.ie, Sheridan explained; "In the main in modern Irish cheddar, there’s no difference. The red is only a dye added." As for a difference in flavour? "None whatsoever."

Did you know… Mondelez International has confirmed that festive tubs of Cadbury Roses are set to shrink in size this year, to 729g, down from 785g? In addition, a tub of Cadbury Heroes is set to also fall from 780g to 695g. A company spokesperson told The Journal that “a range of economic factors across the board has meant we’ve had to reduce the size of our tubs.”

Did you know… Amazon is reportedly set to launch its Amazon Fresh grocery service in the UK some time this year, with the London Times reporting that the planned rollout is “at an advanced stage”? The online retailer has denied that it is planning an entry, however, telling the paper that it does not “comment on rumour or speculation”.

Did you know… Martina Garvey has been appointed a director of Olas Software Training and Development? Garvey has held the role of senior project management professional with the company since 2012. At Olas, Garvey specialises in working with the FMCG sector, with clients including Kerry Foods and Irish Distillers Pernod Ricard.

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