All articles by Alec Mattinson – Page 125
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Analysis & FeaturesBombshell mergers, sensational shortages and environmental triumphs: 2018 in review
There were mergers so seismic in scale they could change grocery for good, and new arrivals that went out with a whimper
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NewsNext kicks off Christmas reporting season with solid sales performance
High street bellwether Next has reported sales growth in-line with expectations over the festive period, but has cut its profit guidance due to higher sales of lower margin goods.
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NewsMedia Bites: Iceland, John Lewis Partnership, Entertainment sales
MPs will investigate HM Revenue & Customs threatened Iceland Foods with a £21 million bill over a Christmas savings scheme for low-paid staff.
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NewsCity snapshot: Patisserie Valerie continues management revamp with new commercial director
Patisserie Valerie has appointed former Starbucks executive Rhys Iley to take up a new Patisserie Valerie group commercial director role. Plus, retail shares plummet on ASOS warning, new chairman for Carr’s Group and all the rest of the latest news from the City.
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NewsMedia Bites 18 Dec: Retail industry, Just Eat, Patisserie Valerie
The retail industry has taken another battering with just under £1.4 billion wiped off the stock market value of the sector after Asos raised new fears about consumer spending.
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NewsSainsbury’s and Asda win court hearing against the CMA
Sainsbury’s and Asda won a competition appeal tribunal against the Competition & Markets Authority to be granted extra time to respond to the merger enquiry.
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NewsMedia Bites 17 Dec: Just Eat, Sainsbury's/Asda, Christmas trading
A US hedge fund has criticised Just Eat for becoming “the worst-performing public equity in online food delivery”.
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NewsCity News: Sainsbury’s shares sink following CMA legal challenge
Sainsbury’s this week reassured shareholders its legal challenge to the Competition & Markets Authority had not dented its “confidence” its mega-merger with Asda will go ahead, but nervous shareholders had other ideas.
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NewsPlanet Organic back in growth before private equity buyout
Planet Organic moved back into the black in the run-up to its PE buyout earlier this year.
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NewsCity snapshot: Graze sales slide as buyout nears
Sales dived 5.2% at healthy snacking brand Graze last year as the search for a buyer continues into the New Year. Plus, British American Tobacco makes a raft of staffing changes, Dole Food Company sells European salad businesses to BAMA International and all the rest of the latest news from the City.
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NewsMedia Bites 14 Dec: Sainsbury's/Asda, UK high street. Ocado
The Competition and Markets Authority is delaying publishing its initial findings on the merger of Sainsbury’s and Asda from early next month to early February
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NewsOcado retail sales up 12% in fourth quarter
Ocado has grown its retail revenues by 12% in the fourth quarter, driven by a double-digit increase in order numbers.
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NewsMedia Bites 13 Dec: Sainsbury's/Asda, Pernod Ricard, British American Tobacco
“Sainsbury’s hit by Asda deal doubts” is the headline in the The Times after the pair launched a legal challenge against the CMA’s investigation timetable.
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NewsSainsbury’s and Asda request judicial review to extend CMA process
Sainsbury’s and Asda will today lodge an application for a judicial review of the Competition & Marketes Authority investigation into their proposed merger.
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NewsMedia Bites 12 Dec: Justin King, Grocery sales, Morrisons/Amazon
Marks & Spencer has drafted in grocery industry heavyweight Justin King as the struggling retailer embarks on a fresh crusade to revive profits
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NewsFirst quarter losses widen at 2 Sisters amid “substantial turnaround challenge”
2 Sisters owner Boparan has once more posted widening losses in its first quarter as it continues to tackle its “substantial turnaround challenge”.
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NewsGrocery growth slows as Christmas looms
The latest grocery market share figures have showed the weakest supermarket sales growth since March 2017 as the industry heads into the vital Christmas trading period.
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NewsMedia Bites 11 Dec: Brexit, UK GDP, Electronic receipts
The pound fell to a 20-month low yesterday after business was left rattled by Theresa May’s decision to delay the Brexit withdrawal deal vote.
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NewsOppo crowdfunders offered deal to cash out by Swiss billionaire
Crowdfunding investors in low-sugar ice cream brand Oppo have been offered a deal to cash out for a healthy profit by the investment firm of Swiss consumer billionaire Hans-Peter Wild.
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NewsHigh street footfall slumps in run up to Christmas
Black Friday failed to arrest a slump in shopper numbers in November according to the latest BRC Springboard Footfall and Vacancies Monitor, with expectations weak footfall will continue into Christmas.