All articles by Alec Mattinson – Page 103
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NewsG’s Group stays in red as Love Beets costs negate rising sales
UK fresh salad and veg giant G’s Group remained in the red last year as costs associated with taking control of its US Love Beets business negated rising sales.
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NewsCity snapshot: US growth drives Compass Group’s first quarter sales
Catering giant Compass Group has posted a rise in first quarter revenues, driven by strong performance in North American and new business wins. Plus, trading updates from Tate & Lyle and Stock Spirits, while AB InBev’s leadership team shaken up.
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NewsMedia Bites 6 Feb: Imperial Brands, Organic foods, Domino’s Pizza Group
More than £1.2bn was wiped off the value of Lambert & Butler cigarette maker Imperial Brands as a ban on flavoured vaping products by US regulators takes its toll.
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NewsCity snapshot: Grocery market records weak post-Christmas sales growth
The grocery sector experienced a sobering January as clean-living consumers cut back to constrain market growth to just 0.3% in the latest 12-week period.
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NewsMedia Bites 4 Feb: Tesco, Poundland, Imperial Brands
A non-compete agreement has forced Tesco to delay the arrival of its new chief executive Ken Murphy
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NewsCity snapshot: Former Bacardi and Cadbury exec named as Imperial Brands CEO
Imperial Brands has appointed former Bacardi and Cadbury executive Stefan Bomhard as its new CEO, replacing Alison Cooper.
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NewsMedia Bites 3 Feb: John Lewis, Unilever, Pasta Evangelists
John Lewis will turn over a new leaf this week when its new boss, Dame Sharon White, formally takes the throne at the troubled retail group
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NewsChase Distillery appoints advisors for potential sale
Chase Distillery has engaged advisers to explore its options, including a potential sale, The Grocer understands.
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Analysis & FeaturesHow a flurry of petfood challenger brand buyouts could consolidate UK market in the 2020s
Small brands have capitalised on a radical shift – and the 2020s may see them going global
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NewsCity snapshot: Unilever confirms global tea review as annual profits fall
Unilever has confirmed it has initiated a strategic review of its global tea business, as it reported a 30%-plus slide in annual profits. Plus, Diageo posts a solid rise in first half sales, but warns on second half growth and all the rest of the latest news from the City.
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NewsMedia Bites 30 Jan: Deliveroo/Amazon, McDonald’s, UK Retail
Deliveroo and Amazon have accused Britain’s competition watchdog of failing to provide “credible evidence” that a deal between the two companies would harm competition.
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NewsCity snapshot: Nestlé acquires medical nutrition business Zenpep
Nestlé has continued its strategic acquisition programme with a deal to buy gastrointestinal medication producer Zenpep.
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NewsMedia Bites 27 Jan: Iceland, Poundland, Unilever
Frozen-food chain Iceland is preparing to axe jobs as it wrestles with a heavy debt pile and tough competition, PE firms circle Poundland and Unilever vulnerable to activist investors,
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NewsYeo Valley profits fall after sale of milk business and restructure
Profits have fallen in Yeo Valley’s first trading period since the sale of its milk business to Arla as increased costs and restructuring have hit its bottom line.
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NewsCity Snapshot: CMA threatens £6bn Just Eat merger
The UK Competition and Markets Authority has thrown a spanner into the merger of Just Eat and Takeaway.com by announcing it has opened an investigation into the deal just as it was poised to complete. Plus, trading updates from Marston’s, Carrefour and all the rest of the latest news from the City.
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NewsMedia Bites 24 Jan: Morrisons, Just Eat, Tesco/Plastic
About 3,000 management jobs are being cut at Wm Morrison as part of a shake-up of its stores that will also involve the hiring of thousands of shopfloor workers
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NewsSainsbury’s CEO Mike Coupe to retire, replaced by Simon Roberts
Sainsbury’s CEO Mike Coupe has announced his intention to retire in May, when he will be replaced by current retail and operations director Simon Roberts
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NewsMedia Bites 22 Jan: Sainsbury’s, Aldi, Deliveroo
Sainsbury’s is poised to axe hundreds of managers in a cost-cutting drive at the supermarket chain.
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NewsCity snapshot: SSP Group’s first quarter sales grow as it buys Germany’s Station Food
Travel food specialist SSP Group has had a “robust” start to its financial year and announced the acquisition of German travel catering business Station Food. Plus, Aldi raises pay for staff to maintain its position as the UK’s highest-paying supermarket and all the rest of the latest news from the City.
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NewsMedia Bites 21 Jan: FeverTree, Itsu, Stock Spirits
Fevertree is being tipped as a potential bid target after a warning over poor Christmas trading sent its shares tumbling by more than a quarter.