All articles by Alec Mattinson – Page 114
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NewsMedia Bites 26 July: Retail sales, Imperial Brands/Cannabis, Amazon
Britain’s retailers have recorded the longest period of falling sales for almost eight years, fuelling mounting concern for the economy ahead of Brexit.
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NewsFeverTree shares drop on slowing UK growth
FeverTree has warned that its rapid growth in the UK has slowed significantly amid the “dampening effect” of poor weather and strong comparables.
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NewsMedia Bites 22 July: Jamie Oliver, Tesco, Discounters
The collapse of Jamie Oliver’s Italian restaurant chain has left creditors facing losses of £83m.
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NewsWeetabix sales down as decline of branded cereals market hits
The accounts say sales were hampered by a decline in overall cereal volume sales in 2018.
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NewsMedia Bites 19 July: Waitrose, Retail sales, Philip Morris
Waitrose will shut three stores and offload a further four to rivals such as Lidl, putting 667 jobs at risk
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NewsSeachill growth boosts Hilton Food Group’s first half sales
Hilton Food Group has continued to grow sales in the first half of its financial year, boosted by increased volumes from its Seachill fish business.
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NewsMedia Bites 18 July: Amazon, Inflation, Hotel Chocolat
Brussels has opened an investigation into Amazon to “take a very close look” into how the internet retail giant treats third-party merchants selling goods on its websites.
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NewsVimto producer Nichols shrugs off cooler weather to post first half growth
Vimto producer Nichols has posted a double-digit rise in group revenues as it brushed off the cooler UK weather to post growth across its stills and carbonates portfolio.
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NewsAG Barr shares plummet 28% after shock profits warning
Irn-Bru maker AG Barr has lost more than a quarter of its value today after issuing a shock profits warning.
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NewsCity snapshot: Retail footfall slumps in June as high street woes continue
Retail footfall slumped in June as poor weather and Brexit uncertainty continued to bash the struggling UK high streets. Plus, new FD for Real Good Food, Sports Direct delays results and all the rest of the latest news from the City.
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NewsMedia Bites 15 July: AB InBev, Retail footfall, Hop Stuff
The largest stock market float of the year has been pulled by Anheuser-Busch InBev after weak investor appetite for the overpriced sale of its Asia-Pacific business.
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NewsCanadian cannabis giant eyes Europe with Bridge Farm deal
A flower supplier chaired by Morrisons chairman Andy Higginson has been bought by a Canadian cannabis giant as it looks at European expansion.
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NewsTulip records £85m loss as pork price fall and writedowns hit
Tulip has plunged to a pre-tax loss of £85m as low global pork prices and writedowns hit turnaround attempts.
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NewsCity snapshot: Tulip’s annual losses rise to £85m
UK pork giant Tulip has plunged to a pre-tax loss of £85m as low global pork prices and writedowns hit turnaround attempts at the Danish Crown-owned business.
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NewsMedia Bites 12 July: Digital tax, Reckitt Benckiser, M&S
Britain is on course for another trade showdown with President Trump after deciding to forge ahead with a special tax on Amazon, Google and other big technology companies
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NewsCity snapshot: Reckitt Benckiser agrees $1.4bn US drugs fine
Reckitt Benckiser has agreed to pay a $1.4bn fine to close a US Department of Justice investigation into the sales and marketing of an opioid addiction drug under its former pharma arm. Plus, McBride warns of further sales weakness and all the rest of the latest news from the City.
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NewsMedia Bites 11 July: Heineken, UK economy, M&S
Heineken’s pub chain is to be investigated over concerns it strong-armed landlords who wanted to cut ties with the brewer into continuing to sell its beer.
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Analysis & FeaturesOC&C Global 50 report 2019: how fmcg giants reinvented the wheel
The latest top 50 report shows organic growth is returning. How have the global giants managed it?
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NewsCity snapshot: Imperial Brands changes dividend policy and launches £200m share buyback
Imperial Brands has today moved away from its double-digit dividend payment to shareholders in favour of merely a “progressive” dividend policy and announced the commencement of a £200m share buyback scheme. Plus, new CFO for troubled Steinhoff Group and all the rest of the latest news from the City.
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NewsMedia Bites 8 July: Tesco, Premier Foods, Sainsbury’s/Asda
Tesco is to open 750 convenience stores in Thailand over the next three years in its first major overseas expansion under chief executive Dave Lewis.