All articles by Alec Mattinson – Page 104
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NewsPlanet Organic slumps to loss but sales momentum is strong
Organic supermarket Planet Organic fell to a loss last year as its new private equity owner invested cash to fund growth.
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NewsCity snapshot: Premier Foods posts growth of 2.6% in crucial third quarter
Premier Foods has posted third quarter growth of 2.6% in its third quarter encompassing the Christmas period. Plus, Cranswick ups full-year profit expectations and trading updates from Devro and French retail giant Casino.
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NewsMedia Bites 17 Jan: ABF/Primark, Nestlé, Vegan products
A raft of store openings and a strong performance on the Continent drove up total sales at ABF’s Primark over Christmas.
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NewsRichard Pennycook takes chairman role at 2 Sisters owner Boparan
The former Co-op CEO takes over as non-exec chairman of Boparan Group from Lord Allen of Kensington
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NewsMedia Bites 15 Jan: Lakes Distillery, 2 Sisters, McBride
An English whisky distillery has raised new funding of £4.25m to finance ambitious plans to triple production capacity to 1.2m bottles a year.
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NewsCity snapshot: McBride issues profits warning on UK weakness
Private label household goods manufacturer McBride has issued another profits warning on weaker than expected trading in the UK.
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NewsMedia Bites 14 Jan: UK economy, Asda, Greggs
The economy shrank unexpectedly in November as election uncertainty delivered a blow to output.
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NewsCity snapshot: Retail footfall slumps over Christmas
Footfall across UK retail destinations fell 2.5% over the Christmas period, with Black Friday and Boxing Day sales events failing to drive customers to the UK’s shops.
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NewsMedia Bites 13 Jan: John Lewis, Just Eat, Asda
John Lewis could face pressure to sell off parts of its vast property estate following a downturn in its fortunes. Plus, Takeaway.com wins battle for Just Eat and Asda plans 2,800 job cuts.
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NewsChristmas trading: which listed supermarket won the golden quarter?
The City was preparing for the worst from this week’s raft of festive grocery trading updates, but supermarket shares largely held firm after a Christmas that left the big players bruised but not beaten
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NewsAutomation boosts profits at Riverford Organic Farmers
Vegetable box delivery service Riverford Organic Farmers has posted a surge in annual profits as investment in automation boosted margins.
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NewsSales and profits slump at Tyrrells as turnaround efforts continue
Tyrrells suffered a sharp drop in sales and profitability in the financial period that saw German snacks giant Intersnack snap up the crisps brand.
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NewsCity snapshot: Sainsbury’s Christmas grocery growth mitigates Argos decline
Sainsbury’s has posted a decline in like for like retail sales in its crucial third quarter. Plus, Greggs has posted another quarter of strong organic growth to take its full year sales up 13.5% year-on-year while committing to pay staff £7m and all the rest of the latest news from the City.
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NewsMedia Bites 8 Jan: Morrisons, Grocery market share, Poundland
Cautious shoppers, heavy discounting and a decision to shun Black Friday triggered a fall in sales at Morrisons
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NewsCity snapshot: Morrisons sales slide in the run-up to Christmas
Morrisons like for like retail sales slid 1.7% in the 22 weeks to 5 January. Plus, the UK grocery industry has experienced its worst Christmas period since 2014 according to the latest market share figures and all the rest of the latest news from the City.
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NewsMedia Bites 7 Jan: Aldi, Jamie Oliver, Brexit
Christmas sales at Aldi topped £1bn for the first time, but the discounter experienced a slowdown in UK sales growth during the busy festive period
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Analysis & FeaturesWho were the winners and losers on the stock market in 2019?
2019 was another turbulent year for many grocery and FMCG stocks
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NewsCity snapshot: Aldi sales surge 7.9% over Christmas
Aldi has announced its total sales jumped 7.9% in the four weeks to 24 December to break £1bn for the first time.
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NewsMedia Bites 6 Jan: Supermarket sales, Just Eat, Compass Group
The supermarket giants will reveal underwhelming Christmas sales figures this week, as the relentless pressure from discount rivals continues to cast a shadow over the sector.
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NewsFestive online sales surge at Next to beat expectations
Retail bellwether Next has posted solid growth in the festive period, though in-store sales continued to fall as customers shifted to online.