All articles by Alec Mattinson – Page 132
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NewsCity Snapshot: Total Produce shrugs off 'unusual weather' to post first half growth
Ireland-based global fruit and vegetable distributor Total Produce has posted a rise in first half sales and EBITDA despite the negative impact of currencies and “unusual” weather patterns in Europe. Plus, WH Smith on course to hit full year targets driven by travel growth and all the rest of the latest news from the City.
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NewsMedia Bites 30 Aug: Energy drinks, Pernod Ricard, Jack Daniel's
Ministers will ban the sale of Red Bull, Monster Energy and other energy drinks to children in England amid growing concern about their impact on young people’s health.
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NewsHain Celestial grows organic UK annual sales by 5%
US food group Hain Celestial has announced a 5% boost to full-year UK sales, driven by a strong performance of its Tilda and Ella’s Kitchen brands.
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NewsCity snapshot: Nestlé completes $7.1bn global Starbucks deal
Nestlé has announced the completions of its US$7.1bn deal to acquire the perpetual global license to produce Starbucks branded products across the world. Plus all the rest of the latest news from the City.
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NewsMedia Bites 28 Aug: Tesco, Food prices, Tetley Tea, Sainsbury's/Asda
A ban on Sunday trading and intense competition have prompted Tesco to close stores in one of its key overseas markets.
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NewsInvestors keep faith with Sainsbury's despite slower growth
Investors sent Sainsbury’s shares up to a four-year high despite the grocer lagging behind its rivals.
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NewsCMA launches formal investigation into Sainsbury’s/Asda merger
The Competition and Markets Authority has today confirmed it is to launch a formal investigation into the proposed supermarket mega-merger between Sainsbury’s and Asda and could move to a more in-depth investigation within weeks.
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NewsCity snapshot: CMA opens investigation into Valeo's £100m Tangerine acquisition
The UK’s Competition and Markets Authority has opened an initial investigation into Valeo Foods’ £100m acquisition of Tangerine Confectionery, plus all the rest of the latest news from the City.
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NewsMedia Bites 23 Aug: Sainsbury's/Asda, Alcohol, Coffee
Asda workers fear Sainsbury’s will hold all the power, writes The Times (£) in its continuing look the the merger of two of the UK’s big four supermarkets.
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NewsHot weather and branded growth boost supermarket sales by 3.5%
Growth of branded products, which outstripped own-label sales for the first time since May 2015, helped grocery sales rise 3.5% over the 12 weeks to 12 August according to Kantar Worldpanel.
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NewsMedia Bites 21 Aug: Pepsi/SodaStream, Sainsbury's/Asda, Tyson Foods
Pepsi to buy SodaStream for $3.2bn in an effort to tap into a trend towards younger and more health- and environmentally-conscious consumers.
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NewsHiggidy sales fall flat following 'major brand restructure'
Sales at premium pie maker Higgidy flat-lined last year as a major restructure of the brand hit revenues, though sales have picked up in recent months.
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Analysis & FeaturesRussia World Cup sales boom boosts Carlsberg's second quarter
Denmark may have knocked out in the second round of this summer’s World Cup but the country’s brewing giant Carlsberg had plenty to celebrate this summer.
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NewsCarlsberg upgrades earnings forecast after strong first half
Carlsberg has upgraded its full-year earnings expectations after posting a 5.1% rise in organic net revenue in the first half of the year. Plus, Henkel has downgraded its full year earnings expectations as currencies hit its annual results and all the rest of the latest news from the City.
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NewsMedia Bites 16 Aug: Constellation Brands, Greencore, BHS
Corona beer maker Constellation Brands doubled down on its bet on the budding marijuana industry, pumping just under $4bn into a Canadian group that has sought to capitalise on the spreading legalisation of weed.
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NewsCoca-Cola takes stake in US sports drink supplier Bodyarmor
Coca-Cola has agreed a deal to acquire a minority stake in US sports drink supplier Bodyarmor as it eyes the global sports drink market.
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NewsMedia Bites 15 Aug: Juul Labs, Coca-Cola/Bodyarmor, The Co-op
San Francisco vaping brand Juul Labs looks set to exceed its initial “aggressive” sales targets for the UK, but analysts warn its meteoric rise might be curtailed by regulators and competition.
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NewsGood Hemp sells majority stake to PE investor Inverleith
Private equity investor Inverleith has bought a majority shareholding in plant-based food and drink brand Good Hemp after agreeing a ‘seven-figure’ deal.
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NewsCity snapshot: Origin Enterprises completes €41.3m Brazil deal
Agri services group Origin Enterprises has completed its €41.3m deal to acquire a majority stake in Brazil-based nutrition and crop business Fortgreen Commercial Agricola. Plus, John Menzies has reported a 15% rise in underlying profit before tax in its final results before becoming a pure-play aviation business and all the rest of the latest news from the City.
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NewsMedia Bites 14 Aug: Monsanto/Bayer, British gin, Campbell Soup
Monsanto has been ordered to pay $289 million in damages over alleged links between weedkiller and cancer, knocking almost €9 billion off the value of its German owner yesterday.