All articles by Alec Mattinson – Page 12
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Media Bites 4 January: Christmas grocery spend, retail crime, UK economy
Supermarket inflation fell at its fastest monthly rate on record in December as household spending on groceries rose to a new high
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Media Bites 3 January: Aldi/Lidl, M&S, Tesco
Aldi and Lidl, the discount supermarkets, have enjoyed record Christmas trading amid the cost of living crisis, with Friday December 22 was the busiest trading day ever for both discounters
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Hackney Gelato nets £1.3m funding boost to fuel global growth
The premium UK ice cream brand has secured a £1.3m investment to scale up production to meet surging global demand for upmarket gelato
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City snapshot: Unilever sells Elida Beauty brands to US private equity firm
Unilever has agreed to sell its Elida Beauty business to US private equity player Yellow Wood Partners
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Media Bites 18 December: Morrisons, Farming, UK retail
The new boss of Morrisons, the troubled supermarket chain, has laid down the gauntlet to staff
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City News: Pepco Group posts ‘record’ revenues but profits take a hit
European discount retail group and Poundland owner Pepco Group posted “record” revenues last year, but shares have fallen back on a sharp drop in profitability and a slowing of sales
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Period pad pioneer Planera smashes £600k fundraising target
The maker of UK’s first fully certified flushable sanitary pad has raised over £730k to increase production and ready the brand for a retail launch
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Christmas deadline set to find buyer for collapsed VBites
Administrators are racing to find a new buyer for Heather Mills’ vegan brand VBites before a Christmas deadline following its collapse into administration
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City snapshot: Consumer confidence edges upwards ahead of Christmas
Consumer confidence rose again in December as lowering inflation underpins more confidence in the UK’s economic prospects for 2024
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City Snapshot: SSP Group increases global footprint with Canada acquisition
SSP Group has announced a further expansion in its geographic reach with a deal to acquire a Canadian food airport operator and will also open further units in Saudi Arabia
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City snapshot: Distribution group NWF sees first half slowdown as commodity prices ease
Food, feed and fuel specialist distributor NWF Group is on target to hit full year expectations despite a “more challenging” first half as pricing eased
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Media Bites 13 December: Boots, Unilever, Sainsbury’s
Walgreens Boots Alliance is reviving discussions on a potential exit from its UK pharmacy chain Boots nearly 18 months after a sale process was scrapped
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Newlat confirms Princes talks as process reaches ‘advanced’ stage
Italian food group Newlat has confirmed it is one of the parties vying to acquire canned food giant Princes
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City snapshot: UK shoppers save now to spend £5bn on food during Christmas week
Grocery sales growth slowed in November as shoppers delayed spending on food and drink to take advantage of seasonal promotions during Christmas week. Plus, the CMA opens a probe into Unilever around claims of “greenwashing” and Pepco posts record sales but profits fall back
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Media Bites 12 December: VBites, Unilever, British American Tobacco
Heather Mills’s vegan food business, VBites, has collapsed into administration after failing to secure fresh funding
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Heather Mills’ vegan empire VBites calls in administrators
VBites, the vegan meat and cheese producer created by Heather Mills, has called in administrators after failing to attract new funding amid cost pressures
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City snapshot: Whisky and gin drives 13% rise in UK drinks exports
UK drinks exports grew 13% last year to £9.4bn as international demand for UK spirits boosted global sales
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Media Bites 11 December: Loyalty cards, Asda, Princes
Tesco and Sainsbury’s are making an estimated £300m a year from selling information about their customers
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City News: SSP Group sales leap past pre-pandemic levels and profits soar
Travel retail specialist SSP Group has continued to recover strongly from Covid with sales of £3bn – higher than pre-pandemic – and profits of £200m
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Assisi Group buys Burns Pet Nutrition following PE investment
Assisi Pet Care Group has made its first acquisition since receiving US private equity investment earlier this year