All articles by Alec Mattinson – Page 10
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News
Media Bites 2 February: Amazon, Brexit, AG Barr
The world’s largest retailer comfortably beat fourth-quarter sales forecasts last night, attracting robust growth in online spending by consumers during the holiday season
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News
City snapshot: Former Co-op boss Euan Sutherland named AG Barr CEO
AG Barr has announced that the former chief of Co-op, Saga and Superdry Euan Sutherland will become its new CEO
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News
Media Bites 31 January: Morrisons, Diageo, John Lewis
Morrisons has agreed to sell its petrol forecourts to Motor Fuel Group for £2.5bn in return for a 20% stake in the service stations operator
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News
City snapshot: Fall in grocery inflation eases and retailers cut promotions
The fall in grocery price inflation eased last month as retailers ‘took their foot off promotions’, while sales growth lagged price increases. Plus updates from Diageo, SSP Group and Pets at Home
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News
Media Bites 29 January: John Lewis Partnership, Brexit border controls, disposable vapes
The John Lewis Partnership has raised £260 million to help fund its turnaround as the struggling mutual prepares to cut as many as 11,000 jobs
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News
ABF shares rise on back of strong growth in food and sugar
Shares of food and retail conglomerate Associated British Foods rose this week on the back of solid growth in its food and sugar arms
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News
City snapshot: Travel recovery boosts WH Smith
WH Smith grew revenues in the second half of last year as the global travel market continues to recover and it expands its number of airport outlets
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News
Media Bites 26 January: Fever-Tree, Haleon, consumer confidence
Sales of Fever-Tree’s tonics and mixers in the United States have overtaken those in Britain as the London-listed soft drinks group pursues its growth ambitions overseas
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News
City snapshot: US growth boosts Fever-Tree despite UK sales stagnation
Fever-Tree has posted annual growth of 6% despite a stagnation of UK sales as it doubled profits in the second half of 2023
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Comment and Opinion
Festive cheer for Premier Foods, but bigger tests await in 2024
Premier Foods remained full of festive cheer this week after revealing it enjoyed its ‘biggest ever Christmas’, but bigger tests await as food price inflation falls out of the market
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News
Media Bites 24 January: Premier Foods, ABF, P&G
Premier Foods said selected discounting helped drive strong Christmas sales growth and there are plans for more price cuts ahead
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News
City snapshot: Premier Foods sales jump after ‘biggest ever’ Christmas
Premier Foods posted strong double-digit growth in its third quarter, boosted by its “biggest ever Christmas” and significant market share gains. Plus updates from ABF, Chappel Down and Marston’s.
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News
Media Bites 22 January: Retail sales, Sainsbury’s, shrinkflation
British retail sales plummeted in December, marking the biggest decline in nearly three years and raising the risk that the UK economy has slipped into a technical recession
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News
City news: Ocado shares under pressure despite ‘record’ Christmas
Ocado Retail’s return to double-digit growth, a “record” Christmas and – most notably – a move back into the black were all good news this week.
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News
Princes profit drops as sale nears completion
Canned food giant Princes suffered a sharp drop in profitability last year despite a £300m sales boost
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News
Vibrant Foods back in growth as transformation takes effect
World foods specialist Vibrant Foods is back in growth following a £30m refinancing
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News
City snapshot: Christmas retail sales plunge as consumers cut back
Retail sales slumped by 3.2% in December, which was the worse monthly drop since the depths of the coronavirus pandemic, as consumers cut back in the run-up to Christmas.
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News
City snapshot: Sainsbury’s to wind down core banking operations
Sainsbury’s has announced it will wind down its core banking operations and instead offer financial services via third party financial groups. Plus updates from Cranswick, Pepco, Bakkavor, Naked Wines and C&C Group
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News
Media Bites 17 January: Ocado, Haleon, THG
Customers switching back to online grocery shopping after a post-pandemic decline helped Ocado’s retail division return to profitability
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News
City snapshot: Ocado returns to double-digit growth amid ‘record’ Christmas
Ocado Retail returned to double-digit growth in its fourth quarter to the end of November, while it also posted “record” Christmas sales amid volumes growith. Plus updates from THG, McBride and Eagle Eye