All articles by Alec Mattinson – Page 117
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NewsWatneys in £400k bid to back return to supermarkets
Watneys was once the UK’s bestselling beer and relaunched in 2014 as a craft brewing business
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NewsCity snapshot: Supermarket prices back on the rise as global food prices climb
Supermarket prices are edging back into inflation – as the UN warns global food prices have risen for a fifth consecutive month. Plus, Britain’s high streets suffered a the worst May on record, AG Barr makes non-alcoholic spirits investment and all the rest of the latest news from the City.
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NewsMedia Bites 7 June: Beyond Meat, John Lewis Partnership, Retail employment
Beyond Meat, one of the best performing initial public offerings of the year, saw its shares rise even further into the stratosphere on Thursday, after announcing its debut earnings as a listed company.
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NewsCity snapshot: Global demand for premium spirits boosts Rémy Cointreau
French spirits giant Rémy Cointreau has posted annual sales growth of 7.9% driven by strong global sales of its key premium brands.
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NewsMedia Bites 6 June: Applegreen, Arcadia Group, Game Digital
The owner of Welcome Break motorway service stations has claimed Brexit has ‘impacted on consumer sentiment’.
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NewsGlobal agri player Corteva makes US stock market debut
Global agriculture specialist Corteva has become an independently listed company on the New York Stock Exchange today after splitting from parent DowDuPont.
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NewsReusable packaging specialist IFCO sold for $2.5bn
Australian logistics company Brambles has completed the £2bn sale of its packaging arm IFCO to investment giants Trinton and the Abu Dhabi Investment Authority.
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NewsCity snapshot: Amazon to open UK pop-up shops and fund £1m apprentice scheme
Online retail giant Amazon is to launch ten pop-up shops in the UK to give more than 100 small brands a retail presence and boost the flagging fortunes of the high street. Plus all the rest of the latest news from the City.
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NewsMedia Bites 3 June: UK High Street, Amazon, Brexit
The government is working on a shake-up of planning laws to help to revive struggling high streets
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NewsThe Lakes Distillery nets £1.6m investment
Fast-growing English whisky producer The Lakes Distillery has secured a further seven-figure investment to help fund its journey towards an eventual IPO.
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NewsRubies in the Rubble eyes £1.2m funding boost
Food waste sauce maker Rubies in the Rubble has surged past its £300k crowdfunding target as part of a wider seven-figure investment hunt.
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NewsTesco shares drop despite market share outperformance
Tesco may have been the big four winner from the monthly grocery market share data this week, but it was a loser as far as the City was concerned.
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NewsLRS maintains profits despite soft drinks levy and dip in sales
LRS has posted a drop in sales of £5.9m but its pre-tax profits edged up regardless
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NewsCity snapshot: UK consumer confidence edges up in May
UK consumer confidence rebounded in Many according to GfK’s consumer confidence Index, but confidence in the country’s overall UK economic situation remains significantly lower year-on-year.
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NewsMedia Bites 31 May: Premier Foods, Chapel Down, Majestic Wine
Premier Foods’ chairman is stepping down from his post after just two years, leaving the Mr Kipling maker half way through a strategic review and without a permanent chief executive.
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NewsReal Good Food fined £450k for ‘misleading’ stock exchange trading updates
Real Good Food has been fined £450k by the London Stock Exchange and publicly censured for breaking of AIM rules concerning ‘misleading’ trading updates in July 2017.
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NewsMedia Bites 30 May: Grocery market share, Ocado, M&S
None of the UK’s “big four” supermarkets managed to grow their sales in the last 12 weeks, the first time in almost three years that they have all failed to do so.
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NewsQuorn's profits dip as it steps up investment in growth
Veggie foods specialist Quorn grew sales by 7% last year, though profits fell back as it continues to invest in expansion of its meat-free ranges.
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NewsTate & Lyle sees 75% increase in losses as sugar beet quotas end
T&L Sugars, owned by American Sugar Holdings since 2010, posted a pre-tax loss of €50m (£44m) in the year to 30 September as the end of sugar quoatas caused a glut of supply in the market.
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NewsCity sours on B&M over core business slowdown
B&M Bargains has been a rare beacon of hope for the beleaguered UK high street, but investors gave the group’s annual results the cold shoulder this week despite its stellar growth.