All articles by Alec Mattinson – Page 111
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Analysis & FeaturesOC&C: How the UK’s Top 150 Food & Drink Suppliers are faring in the fog of Brexit
We analyse OC&C’s Top 150 Index of Food and Drink Suppliers in a special report
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NewsCity snapshot: Diageo earnings on target but ‘not immune’ from global trade threat
Diageo has said it expects to post solid organic sales and profit growth, but has warned it is “not immune” from disruption associated with changes to global trade policies. Plus, Coca-Cola HBC buys Italian waters supplier, Tate & Lyle agrees pensions deal and all the rest of the latest news from the City.
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NewsMedia Bites 19 Sept: Post-Brexit VAT, Chlorine-washed chicken, Brexit contingencies
Britain’s biggest supermarkets have called for a VAT cut to protect customers from price rises in the event of a No Deal Brexit.
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NewsCity snapshot: Aldi pledges to double London store count despite 18% profits drop
Aldi has announced plans to double its store footprint inside the M25 after posting an 18% drop in pre-tax profits despite a double digit sales increase. Plus, second half growth surges at Finsbury Food Group and all the rest of the latest news from the City.
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Analysis & FeaturesFood price inflation jumps as Brexit puts pressure on the pound
Supermarket inflation hit its highest level for 14 months in August
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NewsCity snapshot: Sainsbury’s pledges to halve plastic packaging by 2025
Sainsbury’s has announced a commitment to cut its plastic packaging by 50% by 2025, becoming what it claims is the first retailer to outline plans of this scale.
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NewsMedia Bites 13 September: John Lewis/Waitrose, Morrisons, Co-op
John Lewis has issued a stark warning on the potential fallout from a no-deal Brexit as the retail group fell into its first ever half year loss.
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NewsCity snapshot: Morrisons first half profits rise 5.3% despite first quarterly sales dip since 2016
Morrisons has posted a 5.3% rise in first half pre-tax profits despite recording a second quarter sales fall of 1.9%. Plus, The John Lewis Partnership has posted a £25.9m loss in the first six months of the year, British American Tobacco has announced it is to cut 2,300 jobs globally and all the rest of the latest news from the City.
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NewsMedia Bites 12 Sep: Yellowhammer/Brexit, Trump/vaping, AB InBev
Supplies of some fresh food will decrease and supermarket prices may also rise, according to secret documents the government was forced by MPs to publish.
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NewsSugar woes dampen ABF’s grocery and Primark growth
Associated British Foods has issued a pre-close trading update, forecasting that earnings will be in line with last year as profit growth in its grocery and Primark businesses was offset by the continued struggles of AB Sugar.
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NewsMedia Bites 9 Sep: Morrisons, John Lewis/Waitrose, Sainsbury’s
Morrisons is set to reveal a dip in sales as supermarkets continue to grapple with the challenge posed by Aldi and Lidl while drawing up plans for a no-deal Brexit.
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NewsGreencore acquisition and trading momentum impresses City
After its humbling retreat from the US earlier this year, the City is looking more favourably on Greencore again, encouraged by strategic acquisitions and improved trading momentum.
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NewsPremier Foods tipped to seek asset sales
The new management team at Premier Foods will be tasked with overseeing a sell-off of its key brands according to City sources, as the listed food group’s strategy shifts to generating shareholder returns through disposals.
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NewsQuinoa specialist Quinola Mothergrain looks to raise £1.5m
Ready-to-eat quinoa products specialist Quinola Mothergrain is hoping to raise £1.5m to expand listings and boost its international growth.
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NewsCity snapshot: Sales slip at Greene King ahead of £2.7bn takeover
Greene King has reported a fall in like for like sales over the 18 weeks to 1 September ahead of a shareholder vote to approve its £2.7bn takeover.
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NewsMcBride profits drop 23% amid ‘difficult trading conditions’
Private label household goods manufacturer McBride has posted a 23% drop in full year adjusted operating profits as performance fell short of its ambitions amid “difficult trading conditions”.
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NewsMedia Bites 5 Sep: Brexit, Snack tax, Fuller’s
Retailers have warned that there will be shortages of fresh food coupled with potential price rises if there is a no-deal Brexit.
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NewsBurton’s Biscuits acquires shortbread producer Paterson Arran
Burton’s Biscuits has announced it has broadened its product portfolio with the acquisitions of Scottish shortbread producer Paterson Arran.
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NewsCity snapshot: BRC rejects Gove reassurances over food shortages
The British Retail Consortium has labelled cabinet minister Michael Gove’s reassurances over shortages of fresh food under a no-deal Brexit scenario “categorically untrue”.
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NewsMedia Bites 2 Sept: Brexit, M&S, Premier Foods
The food industry says that it fears a “complete and catastrophic embargo” on exports in the event of a no-deal Brexit.