All articles by Alec Mattinson – Page 10
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NewsMedia Bites 5 April: The Co-op, DS Smith, Retail sales
The boss of the Co-Operative Group has dismissed claims that the mutual model is broken after the food-to-funerals group reported a slump in annual profits
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NewsCity snapshot: Membership growth boosts sales and profits at Co-op
The Co-op moved back into operating profit last year as strong membership growth and increased like-for-like food sales boosted performance at the group
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NewsLavazza sales pass €3bn but raw coffee costs hit margins
Global coffee giant Lavazza grew global revenues to over €3bn last year, but soaring coffee bean prices hit the group’s profits
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NewsMedia Bites 3 April: Waitrose, egg production, Amazon
Waitrose is cutting prices in its stores for the second time in as many months as it battles to regain shoppers from M&S
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NewsCity snapshot: Retail inflation falls to lowest level since 2021
Shop price inflaton has contracted significantly in March, dropping to just 1.3% and the lowest level since December 2021
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NewsCity snapshot: Kitwave Group acquires Total Foodservice Solutions for £21m
Listed wholesale group Kitwave has announced the acquisition of north of England independent food wholesaler Total Foodservice Solutions for £21m
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NewsMorrisons posts strongest sales growth in three years
The Bradford-based grocer on Thursday announced a 4.6% rise in group like-for-like sales (ex fuel) in its first quarter to 28th January
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NewsMedia Bites 27 March: Grocery inflation, Ocado, Fevertree
Grocery inflation has fallen to its lowest level in two years as the cost of living crisis finally eases
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NewsCity News: Deliveroo shares rise as it progresses towards break-even
Deliveroo shares were up on Thursday as the delivery giant moved closer to breaking even, but concerns persist over its ability to meet demanding growth forecasts amid cuts to marketing
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NewsGenius losses rise to £2.4m in first year of Katjes ownership
Losses increased at gluten-free bakery Genius Foods in the year of its takeover by German confectionery group Katjes
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NewsCity snapshot: John Lewis Partnership bounces back to profit on strong Waitrose performance
The John Lewis Partnership has rebounded into annual profit on strong sales and profit growth at Waitrose, but it will not pay a staff bonus again for the year
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NewsMedia Bites 13 March: Morrisons, CMA/vet sector, Aldi
The parent company of Wm Morrison has reported an annual loss of more than £1bn due in part to high debt finance costs
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NewsCity snapshot: Domino’s Pizza grows sales and profits as costs ease
UK takeaway franchise player Domino’s Pizza group posted a rise in order count and sales last year on new store openings and increased market share
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NewsCity snapshot: Property giant British Land raids Marston’s for chair appointment
British Land has announced it has appointed current Marston’s char William Rucker as its own chair designate
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NewsMedia Bites 11 March: John Lewis Partnership, Sainsbury’s, Morrisons
The owner of John Lewis and Waitrose is expected to announce that it has bounced back into the black – but workers are unlikely to see a payout
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NewsBorough Broth acquires vegan curry brand SpiceBox
Borough Broth has acquired vegan curry producer SpiceBox, the Indian foods retail brand founded by Grace Regan
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NewsGreggs is a ‘well-oiled machine’ as sales and profits soar
The public’s appetite for sausage rolls and baked slices has remained steady despite the pressures of the cost of living crisis, as shown in bumper results from Greggs this week
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NewsCity snapshot: Mondi and DS Smith agree £5.1bn merger
Packaging giants Mondi and DS Smith have agreed terms for a £5.1bn deal that will create “global leader in flexible packaging”
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NewsMedia Bites 8 March: Marks & Spencer, Tesco, salmon farming
The departing boss of Marks and Spencer has been tipped to run John Lewis
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NewsCity snapshot: M&S joint CEO Katie Bickerstaffe to step down
Marks & Spencer has announced that joint CEO Katie Bickerstaffe will step away from the company this year