All articles by Alec Mattinson – Page 112
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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.
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NewsKraft Heinz UK sales climb by almost 5%
Increased consumption was supported by the launches of Bull’s-Eye barbecue sauce and low-sugar Tomato Ketchup.
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NewsJuul is key to Altria-Philip Morris remarriage but rationale is fraught
Mixed reaction to proposed remarriage of Altria and Philip Morris
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NewsPremier Foods names new CEO and chairman
Premier Foods has named UK MD Alex Whitehouse as its new CEO and former Reckitt Benckiser finance chief Colin Day as chairman
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NewsCity snapshot: Premier Foods names new CEO and chairman
Premier Foods has named UK MD Alex Whitehouse as its new CEO and former Reckitt Benckiser finance chief Colin Day as chairman.
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NewsMedia Bites 30 Aug: Juul, Neat Burger, Consumer confidence
Juul, the e-cigarette maker, is being investigated over allegations that it used deceptive marketing to target minors.
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NewsCity snapshot: McColl’s blames weather for third quarter sales slide
Convenience retailer McColl’s has announced a 2.2% drop in third quarter like for like sales, blaming “highly unseasonable” weather for the revenue drop. Plus, Pernod Ricard reports “strong” annual sales growth as it announces share buyback and $223m US spirits deal, PZ Cussons sells Greek food business and all the rest of the latest news from the City.
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NewsMedia Bites 29 Aug: Supermarkets, Altria/Philip Morris, WH Smith
UK supermarkets swept higher after a cheery analysis concluded they could flourish even if the UK doesn’t strike an agreement with the EU.
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Analysis & FeaturesProperty not pints at the centre of Greene King takeover
Former PM David Cameron famously treated Chinese president Xi Jinping to a pint of Greene King IPA on a state visit back in 2015, but it isn’t a taste for the brewer’s signature beer that has persuaded Hong Kong’s richest man to shell out £2.7bn to buy up the pub group.
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NewsCity snapshot: Supreme Imports considers standalone vaping float
Supreme Imports is considering floating its 88 Vape brand as a standalone business after returning to profit growth
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NewsMedia Bites 23 Aug: Ocado, Morrisons, Jamie Oliver
Ocado’s customer orders have been disrupted by another warehouse fire six months after a blaze destroyed its robot-controlled depot in Hampshire
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NewsLotus Bakeries launches incubator fund with Peter’s Yard investment
Belgium’s Lotus Bakeries, recent acquirer of snack brands Bear, Nakd and Kiddylicious, has launched an incubator fund and made another investment in the UK healthy snacking sector.
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NewsCity snapshot: Tesco threatens to ban products that use excessive packaging
Tesco chief executive Dave Lewis has pledged to ban brands that use excessive and hard to recycle packaging from its shelves. Ocado reports ‘small fire’ at its customer fulfilment centre in Erith and all the rest of the latest news from the City.
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NewsMedia Bites 22 Aug: Morrisons, Brexit Rationing, Tesco
’Foreign vultures’ could swoop on Morrisons after a share price slump and a fall in the pound left it vulnerable to a takeover
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NewsGreene King agrees £2.7bn takeover
Pub chain and brewer Greene King has agreed a £2.7bn takeover by a Hong-Kong listed international conglomerate CK Asset Holdings.
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NewsCity snapshot: Sainsbury’s plays down Coupe succession plan reports
Sainsbury’s has played down reports it is preparing to replace under pressure CEO Mike Coupe following the collapse of its merger with Asda. Plus, all the rest of the latest news from the City.
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NewsMedia Bites 19 Aug: Lidl, Sainsbury’s, Majestic Wine
German discounter Lidl has told British suppliers that it wants them to pay for EU import tariffs to keep shelves stocked in its Irish stores in the event of a no-deal Brexit.
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NewsFruitapeel profits shrink as Puratos invests in long-term growth
Fruit and confectionery sauce maker Fruitapeel saw sales and profits contract in its first financial period under the ownership of Belgian confectionery group Puratos, as it invested in longer-term post-acquisition growth.
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NewsYoung’s posts £10m loss but sales and underlying profits up
Young’s Seafood posted a further £10m pre-tax loss in its financial year before being acquired by CapVest, but sales and underlying profits improved as turnaround progress continued.
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NewsPoundland for sale as Steinhoff eyes €4bn Pepkor spin-off
Troubled South African retail giant Steinhoff is reportedly readying a €4bn sale or float of Poundland owner Pepkor Europe.