All articles by Alec Mattinson – Page 109
-
NewsJust Eat rejects new £4.9bn rival takeover bid
Just Eat has announced it has rejected a £4.9bn offer from South African investment firm Prosus, pledging instead to continue with its all-share merger with Dutch contemporary Takeaway.com.
-
NewsCity snapshot: Reckitt cuts full year forecast after ‘disappointing’ third quarter
Reckitt Benckiser has cut its full year growth expectations after issues in China and the US led to a “disappointing” third quarter. Plus, Devro shuts Scottish factory, new CFO for Ahold Delhaize, trading update from McBride and all the rest of the latest news from the City.
-
NewsMedia Bites 22 Oct: Just Eat, Asda, Coty
Slowing order growth in Just Eat’s core business spooked investors yesterday
-
NewsCity snapshot: Consumer confidence dented by Brexit uncertainty
Brexit uncertainty and a slowdown in the jobs market hit consumer and business confidence in the third quarter, with a further drop in confidence and slowdown in consumer spending tipped for next year.
-
NewsMedia Bites 21 October: Gail’s Bakery, Iceland, Brexit
Entrepreneur Luke Johnson is reviving plans for a sale of his Gail’s Bakery after sounding out bankers about an auction of part or all of Bread Holdings.
-
NewsUnilever enjoys shares boost despite weaker sales
Unilever revealed slowing sales growth on Thursday, but its shares were boosted by investor relief that a slump in ice cream sales hadn’t hit the consumer giant’s top line harder.
-
NewsWalkers sales and margins hit amid intense competition
The sales and profits of UK’s biggest crisps brands Walkers were hit last year by consumers shifting away from its core range and a poor potato harvest increasing costs.
-
NewsMars Wrigley Confectionery sales pass £1bn as it benefits from category growth
The confectionery giant posted revenue growth of 31.9% on its 2017 accounts to pass £1bn for the first time…
-
NewsCity snapshot: Unilever’s sales growth slows on US and European weakness
Unilever’s underlying sales growth slowed to 2.9% in the third quarter as low growth in Europe and North America dragged back stronger sales in emerging markets. Plus, on a busy day, WH Smith announces $400m US acquisition, Nestlé launches CHF20bn buyback, Pernod Ricard posts muted first quarter growth and all the rest of the latest news from the City.
-
NewsMedia Bites 17 Oct: Asda, Amazon/Deliveroo, Lidl
Approximately 12,000 Asda workers are currently facing the sack next month for refusing to sign controversial new contracts.
-
NewsCity snapshot: Lidl makes £15bn British sourcing commitment
Lidl GB has pledged to invest £15bn in British food, farming and production over the next five years. Plus, Sainsbury’s restates 2018/19 accounts under IFRS 16, Casino sells 31 hypermarkets and all the rest of the latest news from the City.
-
NewsMedia Bites 16 Oct: Grocery market share, Home Bargains, Marston’s
The market share of the Big Four supermarkets has tumbled to a 15-year low as the march of the German discounters Aldi and Lidl continues
-
NewsCity snapshot: Early autumn grocery growth rebounds
Sales across the grocery industry rose 1.3% during the past 12 weeks as the industry emerged from the shadow of tough summer 2018 comparisons. Plus, Marston’s issues profits warning on weak food sales and all the rest of the latest news from the City.
-
NewsMedia Bites 15 Oct: Ocado, The Pound, Pork prices
Ocado shares were knocked after JP Morgan analysts cast doubt on its value.
-
NewsCity snapshot: UK retail footfall continues to plunge
Retail footfall has dropped once more in September as consumer caution ahead of Brexit increased.
-
NewsMedia Bites 14 Oct: EG Group, Retail footfall, Food crime
EG Group, one of the world’s largest independent petrol station and convenience store chains, is considering an initial public offering next year that could value it at more than £10bn
-
NewsUnited Biscuits’ sales slide amid competition and promotions
United Biscuits sales fell 5.4% last year as consumers turned away from branded favourites.
-
NewsHain Celestial under investor pressure for more sell-offs
There’s still been no confirmation of a Sky News report last week linking US food player Hain Celestial with a sale of its UK arm
-
NewsCoffee startup Minor Figures lands £7.5m to push into US market
London-based coffee products supplier Minor Figures has secured a £7.5m investment to underpin a push into the US market and widen UK retail distribution.
-
NewsCity snapshot: Flora owner Upfield in €500m talks to buy Violife Foods
The owner of Unilever’s former spreads business Upfield is reportedly in talks to purchase vegan cheesemaker Violife Foods.