All articles by Alec Mattinson – Page 125
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NewsAlcohol deals help UK food and drink M&A shrug off Brexit jitters
A flurry of dealmaking in alcoholic drinks kept food and drink M&A ticking over in the third quarter, though deal numbers remain down so far in 2018.
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Analysis and FeaturesReckitt Benckiser shares on yet another "one off" setback
Reckitt Benckiser’s $16.6bn buyout of Mead Johnson was supposed to revolutionise the consumer giant’s global business, but 18 months after agreeing to buy the baby milk specialist the acquisition is still underperforming and pressure is mounting on Reckitt management.
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NewsCity snapshot: Just Eat warns investments will hit full year profits
Takeaway delivery marketplace Just Eat has posted a 41% jump in third quarter revenues, but warned its investments back into the business mean full years profits will be at the lower end of expectations. Plus trading updates from Hilton Food Group and Glanbia, Applegreen completes Welcome Break takeover and all the rest of the latest news from the City.
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NewsMedia Bites 1 Nov: Crawshaw, Patisserie Valerie, Kellogg's
Up to 54 stores employing 600 people could close if a buyer for Crawshaw Group cannot be found.
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NewsBaby milk factory disruption hits third quarter sales at Reckitt Benckiser
”FTSE 100 consumer goods giant Reckitt Benckiser saw a 2% drop in headline revenues in the third quarter as weak sales in infant nutrition and the impact of currencies hit its top-line results.
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NewsCity Snapshot: WH Smith doubles size of travel division with InMotion acquisition
WH Smith agrees US$198m deal to buy international travel retailer InMotion, Ocado and Kroger solidify partnership with the signing of service and operational terms and manufacturing disruption hits third quarter sales at Reckitt Benckiser
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NewsMedia Bites 30 Oct: Budget 2018, Mondelez, Restaurant Group
“Giveaway” is the word of the day in the papers this morning as the media digests Chancellor Philip Hammond’s 2018 Budget.
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Analysis and FeaturesAB InBev third quarter results give investors a headache
AB InBev investors were nursing sore heads on Thursday morning after the globe’s largest brewer lost about 10% of its value after a weaker-than-expected third quarter and a savage dividend cut.
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NewsTetley owner Tata hit by decline in UK black tea sales
The ongoing decline in black tea sales hit UK revenues and profits at Tetley Tea owner Tata Global Beverages.
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NewsCity Snapshot: Peyton & Byrne Bakeries files for administration
The bakery chain co-founded by Great British Menu judge Oliver Peyton, Peyton & Byrne Bakeries, has entered administration two years after a previous collapse. Plus all the rest of the latest news from the City.
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NewsMedia Bites 26 Oct: AB InBev, Amazon, Patisserie Valerie
The world’s largest brewer Anheuser-Busch InBev cut its dividend in half and reported weak third-quarter profits hit by slower sales in key markets.
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NewsOne Stop credits like-for-like growth to own-label relaunch
Tesco-owned One Stop grew like-for-like sales by 5% last year as the 2017 re-launch of its own label range boosted sales at the convenience chain.
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NewsCity snapshot: Global brands drive 4.5% third quarter growth at AB InBev
The world’s largest brewer AB InBev grew revenues by 4.5% in the third quarter driven by strong growth in its global beer brands. Plus, C&C Group reports tripling of first half sales and Kerry Group makes two acquisitions
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NewsMedia Bites 25 Oct: Patisserie Valerie, Heineken, Gourmet Burger Kitchen
The owner of Patisserie Valerie has fought off a winding-up petition against its principal trading subsidiary as the cake shop and cafe group continues to battle for survival.
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NewsJohnson & Johnson makes $2bn offer for Japan’s Ci:z Holdings
US consumer giant Johnson & Johnson has announced it has made a US$2bn offer to buy the 80% of Japanese skincare group Ci:z Holdings is does not already own.
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NewsCity snapshot: B&M acquires French discount chain Babou for €91.2m
B&M Bargains owner BME European Value Retail has agreed to buy French general merchandise retailer Babou. Plus, Casino owner Rallye has has received an offer for its Courir sports business from private equity group Equistone Partners.
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NewsMedia Bites 22 Oct: Patisserie Valerie, Ocado, Tesco
A law firm is canvassing Patisserie Valerie investors in the hope of launching legal action following the discovery of a near-£40m hole in the cafe chain’s books.
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NewsUnited Wholesale grocery boost offsets falling tobacco sales
The wholesaler recorded a slip in sales but improved profitability
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NewsWages and operating profits jump at Aldi
Average headcount at the discounter has increased by 10% to more than 33,000, while profits rose 26%
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NewsBooths sales decline during year 'fraught with disruption'
The Northern supermarket chain reported a further slide in sales but stressed improved performance in the latter half of 2017