All articles by Alec Mattinson – Page 124
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NewsHenkel issues profits warning amid need for brand investment
German consumer group Henkel has issued “its biggest profits warning in recent history” as it outlined plans to reinvest in its flagging brands.
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NewsCity remains stoic in wake of Brexit vote but Kapoor's exit could spell trouble for Reckitt
Political correspondents may be tearing their hair out at the latest machinations in Westminster, but the City remained remarkably stoic in the face of MPs’ overwhelming rejection of Theresa May’s Brexit plan on Tuesday.
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NewsSkinny Coffee Club acquires fellow ‘detox’ brand Bootea
Two controversial weight loss brands have merged, with Skinny Coffee Club acquiring Bootea.
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NewsValeo drives turnaround at Big Bear following £2.6m loss
The scale of the turnaround required at Fox’s Glacier Mints producer Big Bear Confectionery has been revealed by accounts showing the business lost £2.6m in the 15-month period in which it was bought by Valeo Foods.
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NewsPremier Foods third quarter sales fall 2.2%
Premier Foods has reported a 2.2% drop in third quarter sales due to a plunge in revenues from its private label cakes and international business.
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NewsMedia Bites 17 Jan: Patisserie Valerie, Reckitt Benckiser, Tesco
The future of Patisserie Valerie is in doubt again after it admitted that a £40m alleged fraud was more extensive than had been thought.
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NewsPatisserie Valerie reveals “extensive” accounting misstatement
Patisserie Valerie has announced to the stock market it has found the misstatement in its accounts was “extensive” and involved “very significant manipulation”.
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NewsReckitt Benckiser CEO Rakesh Kapoor to stand down
Consumer health giant Reckitt Benckiser has announced this morning that Rakesh Kapoor will retire from his position as CEO by the end of 2019.
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NewsMedia Bites 16 Jan: Brexit, M&S, Consumer spending
Philip Hammond sought to reassure business leaders on Tuesday night that a no-deal Brexit could be blocked, while also raising for the first time the possibility of a delay to Article 50.
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NewsRetail footfall slumps over Christmas
Retail footfall over the Christmas period fell by 2.6% according to the latest BRC-Springboard footfall and vacancies monitor.
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NewsMedia Bites 14 Jan: Sainsbury's/Adsa, Patisserie Valerie, AB InBev
Sainsbury’s is facing a tougher battle than it had expected to get regulatory approval for its proposed takeover of Asda without onerous conditions.
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Analysis & FeaturesSainsbury's shares rise despite weak third quarter
The City sent the supermarket’s shares upwards despite it being singled out as the industry laggard in Christmas performance
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NewsCity snapshot: Tesco outperforms market with 2.6% festive sales growth
A hectic morning sees Christmas trading updates from grocery stalwarts Tesco, John Lewis Partnership, Marks & Spencer as well as B&M, C&C Group, McBride and Hilton Food Group.
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NewsMedia Bites 10 Jan: Sainsbury's, UK retail, Greggs
“Shoppers pull the plug on Sainsbury’s Christmas sales” is headline in The Times (£) as the supermarket’s sales fell back over Christmas.
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NewsWholesale growth drives 3.6% Morrisons Christmas sales rise
Morrisons has reported a like for like festive sales jump of 3.6%. Plus market share data shows a slowdown in grocery growth over Christmas.
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NewsMedia Bites 8 Jan: Aldi, Supermarket price cuts, Luke Johnson
Aldi rang up nearly £1 billion of sales in December in another record period for Christmas trading in Britain
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NewsUS expansion puts Baxters back in the black
Soup maker Baxters Food Group is back in the black after a year of US expansion grew sales.
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NewsCheaper Christmas as festive food costs 0.4% less than 2017
The cost of Christmas fare fell in 2018 after a currency-fuelled spike in supermarket inflation sent food prices soaring back in 2017.
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NewsCity snapshot: Cheaper Christmas as festive food costs 0.4% less than 2017
The cost of Christmas fare fell in 2018 after a currency-fuelled spike in supermarket inflation sent food prices soaring back in 2017. Plus, BRC Nielsen Shop Price Index finds decelerating food inflation, new CFO at McColl’s and all the rest of the latest news from the City.
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NewsMedia Bites 4 Jan: Brexit/farmers, Next/Christmas trading, Shop prices
A no-deal Brexit would spell severe disruption for the UK’s farming and food industries, and hardship for small farmers in particular, according to environment secretary Michael Gove.