All articles by Alec Mattinson – Page 106
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NewsOcado Retail grows fourth quarter sales by 10.8%
Ocado Retail, the joint UK grocery venture between Ocado and Marks & Spencer, has posted growth of 10.8% in the fourth quarter driven by a double-digit jump in order volumes.
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NewsMedia Bites 12 Dec: Deliveroo, Majestic Wine, Marks & Spencer
Amazon’s estimated $500m investment in the food delivery company Deliveroo may be blocked after the competition watchdog threatened to launch a full-scale investigation.
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NewsCity snapshot: 2 Sisters turnaround continues with first quarter profit growth
Like for like profits jumped by 42.4% in 2 Sisters’ first quarter, driven by continued improvements in its core poultry division and improved trading in its biscuits and bakery businesses.
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NewsMedia Bites 11 Dec: Grocery market share, UK economy, Just Eat
The big four supermarkets have had their worst run into Christmas for 15 years, according to the latest market data
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NewsCity snapshot: Black Friday fails to boost lacklustre grocery sales
Black Friday failed to boost lacklustre sales across the grocery industry as the latest market share figures from Kantar show grocery sales growth slowing to 0.5% for the 12 weeks to 1 December. Plus, Just Eat rejects new Prosus bid, McColl’s profits below expectations, new CFO for Premier Foods and all the rest of the latest news from the City.
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NewsMedia Bites 10 Dec: Tesco, Just Eat, M&S
Tesco shares rallied on the news that the potential sale of Tesco’s multibillion-pound Asia business could lead to a bumper payout for investors.
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NewsAuthentic Food Group falls to £3.5m loss due to ‘unprecedented’ challenges
The world foods manufacturer said it had been faced with “unprecedented political, economic and market challenges”
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NewsUpfield profits slump after Unilever spin-off
An Upfield spokesman said the results reflected “necessary one-off restructuring costs”…
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NewsCity unimpressed with DS Smith’s ‘record’ figures
Packaging giant DS Smith posted a bumper set of interim figures ahead of its vital Christmas period but sharholders were left unimpressed
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NewsCity snapshot: Morrisons promotes Trevor Strain to COO role
Morrisons commercial chief Trevor Strain has been appointed as chief operating officer in a move which sees trading director Michael Gleeson become chief financial officer
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NewsMedia Bites 4 Dec: Amazon deforestation, Quorn, Argos
Companies including Tesco, Asda, Carrefour and LGIM urged the Brazilian government on Tuesday to protect the Amazon rainforest.
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NewsCity snapshot: Ocado launches £500m bond offer to fund global growth
Ocado has announced the launch of a £500m corporate bond offering to help fund the global expansion of its Ocado Solutions business.
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NewsMedia Bites 2 Dec: Ocado, Black Friday/Cyber Monday, Aldi
Ocado shares soared on Friday after it made its first move into Asia by striking a deal with Japanese retailer Aeon to develop its online business
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NewsGreencore share price recovery hits bump in the road
Greencore’s share price resurgence after its humbling exit from the US last year hit turbulence this week on a significant slowdown in growth.
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NewsOcado signs first Asian supply partnership with Japan’s Aeon
Ocado has this morning announced it has agreed a partnership with Japanese grocery retail Aeon to launch an online grocery delivery business in the country using its Ocado Smart Platform technology.
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NewsMedia Bites 29 Nov: Fortnum & Mason, Ocado, Rémy Cointreau
Fortnum & Mason, the luxury store group that sells delicacies such as gulls’ eggs and alba truffles, has revealed a seventh consecutive year of increasing sales and profit.
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NewsHalo Coffee raises £500k to fund international expansion
The maker of “the world’s first” compostable coffee capsules has raised a further £500k as it seeks to build its brand across the globe.
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InterviewsStefano Agostini big interview: Nestlé’s boss is defiant over Brexit
Nestlé’s UK & Ireland CEO fears logjams and the threat of tariffs but is still investing millions in the ‘dynamic’ British market
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NewsCity snapshot: US Fruit Shoot retreat and France factory sales hit Britvic profits
Britvic’s annual profits have been hit by the closure of its Fruit Shoot multi-pack operation in the US and the sell-off of factories in France, despite posting solid results in its UK carbonates business. Plus, trading updates from British American Tobacco and Marston’s and all the rest of the latest news from the City.
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NewsMedia Bites 27 Nov: Pets at Home, Shop prices, Compass Group
Pets at Home shares soar after after it bucks the high street blues to book rising sales as its turnaround strategy pays off