All articles by Alec Mattinson – Page 107
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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
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NewsRising prices and exports drives sales growth at Cranswick
Pork giant Cranswick has made a “positive start to the year”, with the first half sales up year-on-year amid strong performance in the domestic market and rising exports.
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NewsGreencore profits rise after ‘fundamental reset’
Convenience foods specialist Greencore has posted an improvement in underlying sales and profits after “fundamental reset” of the business following its exit from the US.
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NewsMedia Bites 26 Nov: Just Eat, Retail sales, Unilever
A suitor for Just Eat has attacked a rival bid as “wholly inadequate” and an attempt to buy the British delivery company “on the cheap”
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NewsFever-Tree investors reassured despite UK slowdown
City darling Fever-Tree is unaccustomed to missing market expectations, but last week it was forced to release a profits warning as its UK growth came to a shuddering halt.
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NewsKatjes International takes majority stake in Candy Kittens
Global confectionery group Katjes International has grown its stake in UK sweets brand Candy Kittens take a majority share in the company.
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NewsNaked founder Rowan Gormley to step down as losses mount
The founder of Naked Wines shocked the City on Thursday by stepping down, as the online retailer’s losses continue to mount
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NewsCity snapshot: Rowan Gormley steps down as Naked’s losses mount
Naked Wines founder Rowan Gormley has announced his intention to retire from the company as the company posted a first half “broadly on track” as revenues grew and losses continued to mount.
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NewsMedia Bites 21 Nov: FeverTree, Costa Coffee, SSP Group
After five years of beating City expectations, the world’s biggest seller of posh tonic water issued a profit downgrade yesterday.
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NewsCity snapshot: SSP Group posts double-digit profits growth despite continued global ‘headwinds’
Travel food specialist SSP Group has posted a double-digit rise in underlying operating profits, despite warning of the impact of a number of “external challenges” that will continue into next year. Plus, FeverTree’s UK growth slashed by off-trade slowdown as global sales increase, Finsbury Food Group’s trading momentum continues and all the rest of the latest news from the City.
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NewsMedia Bites 20 Nov: Lidl, Recycling, Vertical farming
Lidl is giving its UK staff a pay rise worth £10m with a higher hourly rate likely to propel it to the top of the supermarket pay league table.
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NewsCity snapshot: Coty takes $600m stake in Kylie Jenner’s cosmetics brands
Consumer beauty giant Coty has taken a majority stake in the beauty business of celebrity Kylie Jenner for $600m. Plus all the rest of the latest news from the City.
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NewsMedia Bites 19 Nov: Business rates, Coty, Jamie Oliver
Boris Johnson’s pledge of a fundamental review of business rates has been greeted with scepticism, with industry leaders fearing that it will “go over old ground”.
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NewsCity snapshot: Top UK restaurant groups sink deep into the red
The biggest 100 UK restaurant groups have seen profits drop in the past 12 months as they suffered from higher overheads and plunging sales
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NewsMedia Bites 18 Nov: Cashless payments, Brexit, Business rates
People in the UK “tapped to pay” in more than 726m contactless transactions in August, underlining the continued boom in cashless payments.
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NewsPremier Foods surges on evidence of sustained branded growth
Premier Foods shares jumped to a four-month high this week as its efforts to achieve sustainable growth appear to finally be paying off.
