All articles by Alec Mattinson – Page 107
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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.
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NewsPrivate equity investment in food and drink remains ‘robust’ amid consolidation trend
Private equity investment in the UK food and drink sector has rebounded as experienced investors look to consolidate in the sector.
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NewsCapri-Sun owner HP Wild grows stake in Oppo
The owners of Capri-Sun have invested a further £1.5m in low-sugar ice cream brand Oppo as it looks to grow the brand internationally.
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NewsCity snapshot: Fuller’s warns of impact of brewing business sale to Asahi
Costs associated with the £250m sale of Fuller’s brewing business to Asahi will impact the former brewer’s profits
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NewsCity snapshot: Refresco pushes further into the US with AZPACK acquisition
Bottling giant Refresco has expanded its footprint in North America with the acquisition of AZPACK (Arizona Production & Packaging) as it continues its acquisition spree. Plus, shopping tech firm Eagle Eye continues to grow sales, new non-exec at McBride and all the rest of the latest news from the City.
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NewsMedia Bites 14 Nov: Unilever, Just Eat/Takeaway.com, Coca-Cola HBC
Unilever’s chairman Dr Marijn Dekkers has stepped down a year after he U-turned on a decision to axe the company’s London headquarters in favour of Rotterdam.