All articles by Alec Mattinson – Page 113
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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.
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NewsMedia Bites 16 Aug: Asda/Walmart, UK Retail Sales, Poundland
Asda boss Roger Burnley blamed Brexit for shattering consumer confidence and knocking the supermarket’s sales in the first half of the year
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NewsMedia Bites 15 Aug: Naked Wines, US/UK trade deal, Salt levels
The City billionaire Michael Spencer is engineering a bid for the fine wine merchant being sold by Naked Wines as part of its transformation into an online-only business.
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NewsJuly retail footfall worst in seven years
Retail footfall continued to decline in July, marking the worst performance for the month since 2012. Plus, New Zealand dairy giant Fonterra takes £300-plus writedowns on global businesses and all the rest of the latest news from the City.
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NewsMedia Bites 12 Aug: Stockpiling, Retail Footfall, Asda
Britons have spent £4bn stockpiling goods in preparation for a possible no-deal Brexit
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NewsCity snapshot: Tangerine invests £7.5m in York plant as it consolidates Big Bear production
UK-based sweet maker Tangerine Confectionery has invested £7.5m in its York factory as it formally integrates Big Bear Confectionery months after merging with the struggling brand. Plus all the rest of the latest news from the City.
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NewsCity snapshot: CCEP shrugs off poor weather to post first half growth
Coca-Cola European Partners has posted a “good” rise in first half sales volumes, revenues and profits despite poor weather in the second quarter of the year. Plus, first half trading updates from Coca-Cola European Partners, Kerry Group and all the rest of the latest news from the City.
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NewsMedia Bites 8 Aug: Diageo, Pizza Express, Brexit/Exports
A boom in the number of teetotalers and health-conscious drinkers has prompted Diageo to take a majority stake in non-alcoholic spirits brand Seedlip.
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NewsCranswick eyes non-meat growth with £43.5m Katsouris Brothers deal
British pork giant Cranswick has bolstered its non-meat credentials with the £43.5m acquisition of UK-based Mediterranean food specialist Katsouris Brothers.
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NewsJust Eat merger with Takeaway.com far from delivered
As soon as news emerged of Just Eat’s £9bn merger with Dutch contemporary Takeaway.com speculation started to mount that the agreement could be far from the end of the story.
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NewsMedia Bites 2 Aug: Just Eat, BAT, Brexit
One of Just Eat’s largest shareholders wants a more generous helping from the proposed tie-up between the British fast food app and its Dutch suitor.
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NewsMajestic Wine sold to US investment firm Fortress in £95m deal
Majestic Wine has sold its Majestic-branded retail division and its commercial business to US investor Fortress Investment Group for £95m. Plus, all the rest of the latest news from the City.
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NewsCity snapshot: BAT first half sales up 4.6% on pricing and tobacco alternatives growth
British American Tobacco has grown first half revenues by 4.6% to £12.2bn as growth in pricing and new categories mitigated a continued decline in sales volumes. Plus, all the rest of the latest news from the City.
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NewsMedia Bites 1 Aug: Majestic Wine, Brexit/British lamb, Retail landlords
Majestic Wine has set a deadline of next month to uncork a buyer for Lay & Wheeler, the fine wine merchant it has owned for the last decade.
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NewsJust Eat agrees £9bn merger with Dutch rival Takeaway.com
Just Eat has agreed to merge with Dutch delivery firm Takeaway.com in an all-share deal to create a £9bn listed fast food delivery giant.
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NewsMedia Bites 29 July: Sainsbury's, Just Eat, Primark
Sainsbury’s is considering launching a chain of restaurants as the war for the takeaway food market heats up.
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NewsIPO attempt costs drive £1.75m Lakes Distillery loss
British spirits brand The Lakes Distillery fell to a £1.75m loss last year as it counted the cost of an attempt to list on the London Stock Exchange.
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NewsBrexit fears force down value of food and drink sector deals
Food and drink deal values more than halved in the second quarter as Brexit-related caution continued to stem the flow of larger deals.