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All articles by Alec Mattinson – Page 118
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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.
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NewsM&S faces FTSE 100 exit as shares reach 10-year low
Marks & Spencer is teetering on the brink of expulsion from the FTSE 100 after its shares plunged to a decade-long low following its annual results on Wednesday.
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NewsMajority of Jamie Oliver restaurants closed with loss of 1,000 jobs
KPMG confirmed all but three of the eateries had been closed, resulting in approximately 1,000 redundancies
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NewsCity snapshot: Annual losses balloon at Tate & Lyle Sugars
Losses ballooned at Tate & Lyle Sugars as the glut of sugar production in the EU following the end of quotas hammered prices and profitability. Plus, annual losses at parent and young children specialist retailer Mothercare rose to £87.3m last year and all the rest of the latest news from the City.
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NewsMedia Bites 24 May: B&M, Sainsbury's/Asda, Casino
The chief executive of value retailer B&M has played down speculation that the company might attempt a reverse takeover of Asda
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NewsStore openings boost annual growth at B&M Bargains
B&M Bargains owner BME European Value Retail has delivered another “strong” annual performance with a double-digit rise in sales and underlying earnings.
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NewsMedia Bites 23 May: M&S, Pret A Manger, Jamie Oliver
The papers digest Marks & Spencer’s drop in annual profits, the acceleration of its store closure programme and its share price plunge after revealing detailers of a discounted fundraising.
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NewsFood and drink deal volumes drop amid Brexit nervousness
Deal volumes dropped 19% from the fourth quarter of 2018 to 47 completed deals in the first quarter of 2019
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NewsNestlé streamlining continues with sale of Skin Health
Elsewhere, Greggs shares jumped to their highest-ever level after its fourth profits upgrade in five months
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NewsCity snapshot: Amazon named as lead investor in £450m Deliveroo fundraising round
Deliveroo has announced that Amazon is the lead investor in a $575m (£450m) fundraising round the enable it to accelerate growth. Plus all the rest of the latest news from the City.
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NewsMedia Bites: Asda, Deliveroo/Amazon, Pret a Manger/Eat, Waitrose
Asda’s American owners have warned of an “incredibly challenging backdrop” after reporting a slip in quarterly sales and regulators torpedoed its merger plans with rival Sainsbury’s.
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NewsBakkavor buys desserts business Blueberry Foods
Listed prepared foods supplier Bakkavor has bought up desserts business Blueberry Foods from Samworth Brothers.
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NewsCity snapshot: Nestlé agrees £8bn skincare division sale
Nestlé has announced this morning it has entered into exclusive negotiations with a consortium led by Swedish private equity firm EQT and the Adbu Dhabi Investment Authority over the sale of its skincare division. Plus, John Lewis Parntership ends defined benefit pension scheme and all the rest of the latest news from the City.
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NewsMedia Bites 16 May: John Lewis Partnership, Asda, Morrisons
John Lewis has axed the last remnants of its gold-plated pension plan in an attempt to fill a hole of nearly £200m in the scheme
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NewsLiquidators appointed for Choccywoccydoodah
Specialist chocolatier Choccywoccydoodah has appointed business advisory firm Quantuma to wind-up the company.
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NewsCity snapshot: Walmart ‘seriously considering’ Asda IPO
Walmart International CEO Judith McKenna has told Asda staff that a public listing of the UK supermarket chain is being ‘seriously considered’ following the collapse of its merger with Sainsbury’s.
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Analysis & FeaturesAsda pressures rivals with highest overall price cuts
The retailer has emerged as the primary driver of grocery prices moving back into deflation this year
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NewsExceptional costs drive £43m annual loss for Premier foods
Premier Foods has fallen to an annual loss of £42.7m as impairments and pension charges hit its bottom line, but core profitability improved in a further sign of “consistent progress”.