All articles by Alec Mattinson – Page 127
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News
City snapshot: Gusbourne's losses grow as it invests in double-digit growth
AIM-listed English wine producer Gusbourne has posted double-digit growth in the first half of 2018, but losses grew due to investment in capacity. Plus all the rest of the latest news from the City.
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News
Media Bites 27 Sep: Brexit, Unilever, Amazon
Food import prices are set to rocket under a no-deal Brexit as punitive EU trade tariffs are slapped on food shipped in from abroad.
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City snapshot: SSP Group shrugs off weak rail sector to post full-year growth
Travel food to go specialist SSP Group (SSPG) expects to post full-year like-for-like growth of between 2%-3% after a solid fourth quarter
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Media Bites 26 Sep: Unilever, Next/Brexit, Hotel Chocolat
Executives at Unilever have come out fighting in the battle to convince its shareholders to back plans for a single headquarters in the Netherlands.
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Gilberts Foods falls into administration
The Heysham-based business appointed Cowgill Holloway Business Recovery as administrator on 4 September…
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News
Commodity price hikes dent profits at UB and Finsbury Food
Brexit-related commodity inflation has eaten into the profits of two more major UK food suppliers, according to figures released this week.
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Analysis and Features
Nestlé continues restructure with skincare sale
The move marks the latest attempt to reshape its portfolio to focus more on food, drink and nutritional health products…
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News
Emerging markets volatility to hit Diageo’s profits
Weakness across a basket of emerging markets currencies is expected to reduce Diageo’s 2019 sales and profits, CEO Ivan Menezes has announced this morning.
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Media Bites 20 Sep: Tesco/Jack's, Sainsbury's/Asda, Unilever
“Drastic Dave brings back Slasher Jack” is the headline in The Times as the papers focus heavily on the launch of Tesco’s discount proposition to rival Aldi and Lidl.
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Ocado third quarter sales rise 11.5%
Ocado has posted an 11.5% retail sales rise in its third quarter, driven by a double-digit rise in customer numbers.
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Glow of summer grocery sales boom begins to fade
The hot weather triggered a bumper summer for the grocers, but the latest market share data suggests spending has slowed in more recent weeks.
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Media Bites 18 Sep: Unilever, Coca-Cola, Finsbury Food Group
Another leading shareholder in Unilever has hit out at the consumer group’s plan to move its headquarters to the Netherlands.
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Analysis and Features
Morrisons' shares slide despite quarterly sales jump
Morrisons posted its best sales quarter for nine years and announced a special dividend gift to investors, but the hard-to-please City still sent the supermarket’s shares into the red.
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News
Co-op food sales boosted by more competitive prices
Food retail like-for-like sales were up 4.4% in the first six months of the year
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News
Nespresso drives up Nestlé UK sales as petfood struggles
Nestlé posted a 3.6% rise in UK sales last year, with its Nespresso brand posting double-digit growth, but profits fell back as its key petfood division struggled.
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Innocent Drinks sales boosted by international growth surge
The UK’s biggest smoothie maker Innocent Drinks has posted annual revenue growth of 22% as surging international sales boosted sales to almost £370m.
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City snapshot: Co-op Group first half sales up 10% as food and Nisa deal drive growth
The Co-op Group has this morning announced a 10% rise in first half sales to £5bn driven by strong like for like food sales growth and its acquisition of Nisa. Plus, Connect Group, the logistics company spun out of WH Smith, has announced a profit warning and all the rest of the latest news from the City.
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News
Media Bites 14 Sep: John Lewis Group, Morrisons, Metro
The spectacular 99% slump in John Lewis Group’s profits dominates the business headlines this morning, though Morrisons’ first half results receive warmer coverage.
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City snapshot: Morrisons first half sales up 4.5% after strongest quarter for nine years
Morrisons has posted a first half revenue rise of 4.5% to £8.8bn after a like for like sales surge in the second quarter driven by its growing wholesale business. Plus, John Lewis Partnership pre-tax profits plunge 99% despite improving Waitrose performance and all the rest of the latest news from the City.
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News
Media Bites 13 Sep: Supermarket consolidation, E-cigarettes, Fonterra
Morrisons looks set to be the ‘kingmaker’ in the £14bn merger of Sainsbury’s and Asda as they are forced to offload stores to get the deal done, writes The Mail.