All articles by Alec Mattinson – Page 101
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NewsMedia Bites 4 March: Greggs, Grocery market share, Reckitt Benckiser
The popularity of vegan sausage rolls has resulted in record profits for Greggs, but the bakery chain said yesterday that stormy weather had depressed sales last month as it raised concerns about the impact of the coronavirus outbreak.
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NewsGreggs hails ‘exceptional’ year but New Year sales slow
Greggs has posted a jump in annual sales and profits following an ‘exceptional’ year for the food to go chain, but admitted it has seen a ‘significant’ slowdown in sales in February due to stormy weather.
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NewsCity snapshot: Supermarkets enjoy green shoots of recovery in February
UK supermarkets saw the ‘green shoots’ of recovery in February, with small but positive growth in as total till sales improve to 0.7% in the last four weeks, according to Nielsen, and the strongest growth since November in the Kantar figures.
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NewsMedia Bites 3 March: Coronavirus, Tesco, Just Eat Takeaway.com
British supermarkets have drawn up “feed the nation” contingency plans that would help the country cope with any panic-buying brought on by a sudden escalation of the coronavirus outbreak.
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NewsMarket crash creates 'buying opportunity' for UK supermarket stocks
Heavy share price falls across global stock markets have created a buying opportunity for undervalued UK supermarket stocks, according to broker Bernstein.
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NewsCity Snapshot: Just Eat Takeaway.com takes action against Delivery Hero
Just Eat Takeaway.com is taking action against German rival Delivery Hero, accusing it of breaking a standstill agreement by announcing plans to increase its stake in the newly merged UK-listed firm.
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NewsMedia Bites 2 March: Asda, John Lewis/Waitrose, British Honey Co
Private equity bidders and the brothers behind EG Group are vying to take a majority stake in Asda.
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NewsUK food & drink M&A aided by ‘distressed’ deals at end of year
Grant Thornton’s review of the 2019 food and beverage M&A market found the year concluded with 215 transactions involving
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NewsCity snapshot: ‘Distressed’ deals boost fourth quarter food and drink M&A numbers
UK food and drink deal volumes edged upwards in 2019, though the final quarter was aided by a high number of ‘distressed’ M&A deals as tough macro-economic conditions continue to constrain dealmaking in the sector. Plus, Beyond Meat fails to hit market expectations, share prices plunge again and all the rest of the latest news from the City.
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NewsMedia Bites 28 Feb: Reckitt Benckiser, AB InBev, M&S
Reckitt Benckiser has taken a £5bn impairment on the acquisition of baby formula maker Mead Johnson as its new chief executive seeks to draw a line under a period of underperformance.
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NewsWalmart in talks with potential Asda buyers
Walmart has admitted it is in talks with potential buyers for Asda, despite an IPO for the UK supermarket chain remaining an “attractive” option.
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NewsCity snapshot: Walmart/Asda, Diageo, SSP Group
Walmart is in talks with private equity firms about selling a majority stake in Asda, a year after the collapse of its deal to merge the supermarkets chain with Sainsbury’s.
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NewsCity snapshot: Danone cuts 2020 guidance on ‘volatile and uncertain’ outlook
French dairy giant Danone has cut its growth targets for 2020 amid ‘volatile and uncertain’ global economic conditions and the potential impact of the coronavirus outbreak. Plus, Diageo and SSP Group warn of financial hits from COVID-19 outbreak, annual results from McColl’s and Nichols and all the rest of the latest news from the City.
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NewsMedia Bites 26 Feb: Tesco, UK Farming, Amazon
More than 1,800 jobs are set to go in Tesco’s bakeries after a slump in sales of traditional loaves of bread as customers turn to bagels and flatbreads
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NewsCity snapshot: Hotel Chocolat boosted by store openings and global growth
Hotel Chocolat has posted a double-digit rise in first half sales and 7% pre-tax profit growth driven by the opening of new stores, international expansion and growing sales of its Velvetiser hot chocolate system. Plus, Tesco sells its share of China joint venture and all the rest of the latest news from the City.
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NewsMedia Bites 25 Feb: US trade deal, ABF/Primark, Tesco
Farmers have hit back at suggestions the government will allow imports of chlorinated chicken and other low-standard farm produce in trade talks with the US.
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NewsInvestors shrug off Kerry Group’s China concerns
Irish food giant Kerry Group saw its profits pass €900m last year, but admitted its business in China faced severe pressure due to coronavirus.
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NewsTesco clubcard operator Dunnhumby enjoys international sales boost
Sales at Tesco Clubcard operator Dunnhumby were boosted by international growth last year as it continued to diversify revenues away from its parent company.
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NewsCity snapshot: McBride profits slump amid weak second quarter
Private label household goods manufacturer McBride has announced a slump in first half sale and profits after a weak second quarter amid “difficult” market conditions.
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NewsMedia Bites 20 Feb: Inflation, Morrisons, Arla
UK prices have risen at their fastest pace in six months, with rising fuel costs offsetting falls in furniture and food.