All articles by Alec Mattinson – Page 116
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NewsCity snapshot: Cost inflation and weak pork market drive losses at Karro
Losses continued to mount at pork giant Karro Food Group in its first full year under CapVest ownership, plus all the rest of the latest news from the City.
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NewsMedia Bites 21 June: Domino’s Pizza, Brexit, Kraft Heinz
Domino’s Pizza Group is in advanced talks to replace its chief executive amid unrest among its British franchisees and a disappointing recent share price performance, according to Sky News.
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NewsCity snapshot: Online and discounters to drive 12.5% UK grocery market growth by 2025
The UK grocery industry is set to grow by £24.1bn by 2024 driven by surging online and discounter sales according to a report from IGD. Plus all the rest of the latest news from the City.
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NewsMedia Bites 20 June: Tesco, M&S, Ocado
Hundreds of Tesco staff made redundant last month were underpaid or overpaid, prompting the supermarket to ask some to return money.
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NewsZero-waste online supermarket Good Club raises £400k
Direct-to-consumer grocer Good Club has successfully raised £400k to underpin its ambition to become “the world’s first zero-waste online supermarket”.
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NewsBlack Sheep Coffee raises £13m to fund global expansion push
Independent coffee chain Black Sheep Coffee has raised £13m new funds from private investors to back its global expansion across Europe, Asia and the US.
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NewsSuperdrug profits slide amid ‘challenging’ conditions
Warm summer weather and growing sales of vegan goods drove a rise in annual revenues at health and beauty chain Superdrug last year, but profits fell back amid “challenging times” on the high street.
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NewsMedia Bites 17 June: Patisserie Valerie, Retail CVAs, Brexit
Patisserie Valerie’s new owner has laid bare the desperate state of the business it bought in January.
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NewsCharlie Bigham’s sales jump but profits slip into the red
Upmarket ready meals supplier Charlie Bigham’s has posted a £9.3m jump in annual sales in its most recent financial year, but investment in growing capacity sent the company into the red.
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Analysis & FeaturesCity uncertain over Tesco’s ‘strong’ start to 2019
Tesco CEO Dave Lewis declared the retailer had a “strong” start to the year, but weakening sales growth left some in the City wondering if its resurgence was beginning to slow.
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NewsCity snapshot: UK readies US and China food export push
The US and China are being targeted in a major new government strategy to boost food and drink exports post-Brexit. Morrisons gains closer customer relationships through Amazon deal expansion, Charlie Bigham’s sees 19% growth but falls to a loss and all the rest of the latest news from the City.
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NewsMedia Bites 14 June: Tesco, Morrisons/Amazon, Majestic Wine
Tesco CEO Dave Lewis says the supermarket group faces challenges with soggy weather and consumer sentiment.
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NewsMedia Bites 13 June: Morrisons/Amazon, Lidl, Reckitt Benckiser
Morrisons and Amazon say they will expand their same-day delivery service for groceries to Glasgow, Newcastle, Liverpool, Sheffield and Portsmouth.
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NewsHiggidy sells minority stake to Samworth Brothers
Premium pie-maker Higgidy has sold a minority stake to Ginsters owner Samworth Brothers to help accelerate its push into vegan and veggie pastry products.
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NewsCity snapshot: Ocado makes £17m bet on vertical farming
Ocado is committing £17m into two acquisitions to make it a global leader in the newly emerging vertical farming industry. Plus, retail footfall plummets in May to its worst month in six years, Distil posts double-digit annual growth and all the rest of the latest news from the City.
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NewsMedia Bites 10 June: Retail footfall, Patisserie Valerie, Majestic Wine
Stores suffered their steepest fall in customer visits in six years last month as Brexit uncertainty deters shoppers.
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NewsFood prices back in inflation as UN warns over global prices
The Grocer Price Index edged up 0.1% in May, following a 0.3% decline the previous month
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NewsApplegreen blames Brexit for 'challenging conditions' in the UK
Fresh from its acquisition of UK service station group Welcome Break, Irish forecourt group Applegreen warned economic headwinds and Brexit were beginning to bite.
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NewsBiff's Kitchen raises 'six-figure sum' to broaden vegan offering
Vegan fast food specialist Biff’s Kitchen has raised a six-figure sum from a private fundraising drive to grow its jackfruit burger offering and develop a new retail range.
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NewsSymington's sees sales and profits rocket as turnaround continues
The Ragu owner reported a rise in sales in the year to 26 August 2018 from £115m to £120.3m…