All articles by Alec Mattinson – Page 131
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NewsMedia 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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NewsCity 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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NewsMedia 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.
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NewsCity snapshot: Morrisons faces £1bn equal pay claim
Law firm Leigh Day has announced it is seeking equal pay compensation for female Morrisons workers that could add up to more than £1bn. Tesco readies Jack’s announcement and all the latest news from the City.
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NewsMedia Bites 12 Sept: Tesco/Jack's, Unilever, Morrisons
The launch of a Tesco’s discount chain is set to be announced in Cambridgeshire next week as Britain’s biggest supermarket group unveils its Jack’s concept to battle the discounters.
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NewsUnilever announces Netherlands relocation details
Consumer goods giant Unilever has announced plans to “simplify” its company structure with the creation of a new single holding company, ahead of its planned headquarter move to Amsterdam.
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NewsABF profit “progress” dragged back by currency and sugar woes
Associated British Foods has issued a pre-close trading update for the year to 15 September, noting that strong profit performance from Primark, grocery and other divisions will be hampered by lower EU sugar prices.
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NewsMedia Bites 10 Sept: Sainsbury's/Asda, Dave Lewis, John Lewis Partnership
Sainsbury’s has acknowledged that regulators could scupper the British supermarket group’s proposed merger with rival Asda.
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NewsFarmfoods annual sales drop 4% amid “competitive” market
Scottish frozen foods retailer Farmfoods posted a 4% drop in annual revenues last year as competitive pressures continued to weigh on the grocery chain.
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NewsBakkavor picks up Haydens Bakery as like-for-likes improve
The deal involves a cash payment to beleaguered Real Good Food of £9.6m
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NewsCity snapshot: English whisky producer plots London IPO
English single malt whisky distillery The Lakes Distillery has plans to list on the London Stock Exchange to raise up to £15m to fund further growth. Plus, World Cup and warm summer help boost Greene King’s Q1 like-for-likes by 2.8%, the UK high street suffers its worst month for three years and all the rest of the latest news from the City.
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NewsMedia Bites 7 Sep: Business rates, UK high street, Bakkavor
Sainsbury’s CEO Mike Coupe has called for tax reform to ease the burden of business rates.
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NewsBakkavor acquires Haydens Bakery after ‘positive’ first half
Ready meals giant Bakkavor has posted a rise in revenues and profits in its first six months as a listed business and announced the £12m acquisition of sweet bakery products supplier Haydens Bakery from Real Good Food.
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NewsMedia Bites 6 Sep: Tesco, Gaucho, M&S
Supermarket chain Tesco has angered shoppers in its inner-city stores by hiking the cost of individual bananas
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NewsGusbourne raises £3.7m for capacity expansion
UK wine producer Gusbourne has raised a total of £3.7m through the issuance of new shares to invest in its existing vineyards and storage capacity.
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NewsMedia Bites 5 Sep: Amazon, John Lewis/Waitrose, McColl’s
Amazon has become the second public company in history to record a $1 trillion valuation.
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NewsCause for optimism at Pernod Ricard as sales grow 6%
Jameson’s rocketing performance gave cause for optimism at the world’s second-largest distiller.
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Analysis & FeaturesFive reasons why Coca-Cola has bought Costa Coffee
Coke is to buy Costa Coffee from Whitbread for $5.1bn
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NewsCoca-Cola agrees £3.9bn deal to buy Costa Coffee
Whitbread has agreed to sell its Costa Coffee chain to Coca-Cola for an enterprise value of £3.9bn.
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NewsMedia Bites 31 Aug: WH Smith, Food & Fuel Group, Arla
High street retailer WH Smith said on Thursday its shift from the high street to travel hubs was bearing fruit and expected its full-year results to be in line with expectations.