All articles by Alec Mattinson – Page 11
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Comment & OpinionJeremy Hunt’s spring budget is all hat and no rabbits
Dubbed a pre-election giveaway budget, the most notable giveaways were towards the bastions of Fleet Street who had already been tipped off about all the major announcements
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NewsLindt & Sprüngli improves margins on double-digit sales growth
Global confectionery giant Lindt & Sprüngli has posted double-digit sales growth and margin improvement last year, helped by price increases and a rebound in travel retail
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NewsMedia Bites 6 March: Greggs, Grocery market share, EG Group
The appetite for Greggs’ sausage rolls and steak bakes shows no sign of slowing down after the bakery chain dethroned McDonald’s to become Britain’s most popular breakfast spot
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NewsCity snapshot: Grocery sales growth slows as food price inflation eases
Supermarket sales growth slowed to 5.3% during February as food price inflation continues to fall. Plus results from Greggs, Bakkavor and all the rest of this morning’s news from the City
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NewsEG Group sees full-year profits dip as fuel prices fall
Forecourt giant EG Group saw full-year profits dip last year on lower fuel prices and ‘oil volatility’
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NewsMedia Bites 4 March: Ocado/M&S, Asda, chocolate prices
Are Ocado and M&S running out of road, asks The Times. M&S and Ocado could be heading for dispute over the terms of their JV
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NewsCity News: Reckitt Benckiser shares slump after ‘unsatisfactory’ results
Consumer goods giant Reckitt Benckiser saw its share slump this week as its 2023 sales underperformed City expectations following an “unsatisfactory” fourth quarter.
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Analysis & FeaturesWhen will the price be right to get deal volumes moving?
Newlat’s exit from Princes takeover talks reflects a market in which deals are not getting done. What’s stalling activity, and will it pick up?
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NewsCity snapshot: Wincanton recommends new £762m offer from GXO
The board of British logistics giant Wincanton have recommended shareholders accept the new offer £764m from GXO after the US business gazumped French rival Ceva
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NewsCity snapshot: Ocado remains in the red despite revenue rise
Ocado posted a £394m annual loss last year, despite a 9.9% rise in revenues as the cost of technology and rolling out its operations internationally continue to weigh on its bottom line
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NewsMedia Bites 28 February: Grocery market share, M&S, Beyond Meat
Grocery price inflation in the UK has slowed to a two-year low as fierce competition among supermarkets offset the impact of the Red Sea shipping crisis on goods prices
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NewsCity snapshot: Grocery price inflation falls to two-year low
Grocery price inflation has fallen to its lowest level since March 2022, according to new data from Kantar, as promotions accelerated supermarkets continue to focus on price
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NewsMedia Bites 26 February: M&S/Ocado, discounters, The Body Shop
Marks & Spencer is withholding a multimillion-pound payment to Ocado Group after their grocery delivery venture missed key performance targets
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NewsCity News: Nestlé shares suffer as inflation knocks consumer demand
Nestlé shares suffered this week after it posted weaker than expected sales amid a drop in volumes, as inflation hit demand
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NewsHalewood sees £33m revenue decline as it refocuses spirits portfolio
Premium drinks player Halewood Artisanal Spirits saw annual losses grow to over £20m amid a refocus on its core UK branded portfolio and the shedding of low-margin products.
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NewsNewlat puts blame on ‘challenging market’ as it exits Princes deal
Newlat was in advanced discussions to buy Princes and understood to be in a two-way fight with UK private equity firm Epiris
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NewsCity snapshot: CCEP posts annual growth of 8% despite dip in sales volumes
Coca-Cola Europacific Partners has posted annual constant currency growth of 8% despite a dip in overall sales volumes
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NewsMedia Bites 23 February: Diageo/Pimms, Nestlé, Danone
Diageo, the FTSE-100 alcoholic beverages giant, is exploring the sale of a trio of non-core brands including Pimm’s
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NewsCity snapshot: Nestlé sales volumes fall back as price inflation hits demand
Nestlé has posted a drop in annual sales volumes as “unprecedented inflation” hit consumer demand for its food and beverage products. Plus results from Danone and an acqusition from CCH
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NewsMedia Bites 21 February: The Body Shop, Baby formula, Tesco
The Body Shop is to close almost half of its 198 shops in the UK and will significantly reduce staffing levels at its head office, leading to hundreds of job losses