All articles by Alec Mattinson – Page 136
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NewsWhitbread blames high street woes for Costa Coffee sales fall
Whitbread said a decline in footfall in traditional shopping locations dragged Costa’s like-for-like sales back 2% in its first quarter.
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NewsGreene King's profits slump amid rising costs and cold winter
Annual profits slumped by 11.4% at brewer and pub company Greene King last year as it suffered from the cold British winter and rising costs.
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NewsMedia Bites 28 June: John Lewis/Waitrose, Premier Foods, Costa Coffee
John Lewis Partnership has warned that half-year profits will be “close to zero” as it prepares to invest heavily in services and technology.
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NewsCity snapshot: Costa Q1 like-for-likes slide ahead of demerger
Whitbread owned Costa Coffee grew its first quarter sales by 5.2% ahead of its planned demerger, but like-for-like sales fell 2% reflecting the slump on UK high streets. Plus, butchery group Crawshaw suffers 12.9% like-for-like collapse in 20 weeks to 17 June and all the rest of the latest news from the City.
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NewsMedia Bites 27 June: Booker/CO2, Grocery market share, Apprenticeship levy
Booker, the UK’s biggest wholesaler has begun rationing beer, cider and soft drinks as rising demand amid the heatwave and England’s World Cup campaign comes up against a shortage of food-grade carbon dioxide gas.
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News'Microsoft of retail' Ocado has a mixed week
Even by Ocado’s standards, it had a mixed week after a FTSE debut to forget on Monday was followed by a share price surge on being dubbed the “Microsoft of retail” by Wednesday.
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NewsDart Valley Foods falls into administration
Hampshire-based condiments supplier Dart Valley Foods has fallen into administration.
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NewsCompany Shop eyes further expansion after profits boost
Turnover in the year to 30 September 2017 rose 8% to a new annual high of £34m
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NewsFroneri returns to profit in first year since R&R/Nestlé merger
Froneri said it had “performed strongly” in the year to 31 December 2017
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Analysis & FeaturesAs Iceland sales slow, is the power of frozen waning?
Last week Iceland posted undeniably impressive full-year growth, but the results received a frosty reception as critics focused on a sales slowdown and downbeat outlook
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NewsCity snapshot: Kroger soars on first quarter earnings jump
Shares in US supermarket group Kroger jumped 9.6% yesterday after it announced first quarter earnings comfortably above analyst expectations. Plus all the rest of the latest news from the City.
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NewsMedia Bites 22 June: CO2, Heineken/Beavertown, Premier Foods
Food and drink producers on Thursday warned that a carbon dioxide shortage threatens to halt production and disrupt supply chains across Britain, prompting the UK government to say it was “working to find a solution” to the problem, writes The FT.
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NewsCity snapshot: Woolworths' £1bn forecourt sale to BP scrapped
Australia grocer Woolworths has announced the proposed A$1.8bn (£1bn) sales of its forecourt business to UK-based energy giant BP has been scrapped due to competition concerns. Plus pay dips for B&M boss Simon Arora and all the rest of the latest news from the City.
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NewsMedia Bites 21 June: Sainsbury's/Asda, Ocado, Poundworld
“MPs pour scorn on Sainsbury-Asda merger” is the headline in The Times (£) after The bosses of J Sainsbury and Asda were accused of lying to MPs.
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NewsWilliam Jackson swoops for food service ingredients specialist Wellocks
William Jackson Food Group has further built its food service portfolio with the acquisition of ingredients supplier Wellocks.
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NewsCity snapshot: Coca-Cola mulls £3bn swoop for GSK’s Horlicks
Coca-Cola is reported to be one of the clutch of multinational fmcg firms lining up to bid for Horlicks after GlaxoSmithKline decided to sell the 145-year old business. Plus, packaging firm DS Smith posts strong rise in sales and profits, Heineken to invest £40m in UK pubs and all the rest of the latest news from the City.
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NewsMedia Bites 18 June: Poundworld, Tesco, Sainsbury's, Iceland
Private equity shows how to make a dog’s dinner on the high street, writes The Times (£), citing Poundworld, Prezzo, Debenhams in the list of businesses that have confounded the buyout barons.
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NewsPukka Herbs' losses mount despite 28% jump in annual sales
Revenues continued to soar at organic herbal tea brand Pukka Herbs, but losses mounted in the year leading up to its acquisition by Unilever.
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NewsConviviality Retail unsecured creditors owed £31m at time of collapse
The retail arm of stricken alcohol business Conviviality went into administration with unsecured creditors of £31.3m, newly released documents have revealed.
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NewsCity snapshot: Majestic Wine back in the black despite “challenging” home market
Majestic Wine has posted a full year pre-tax profit of £8.3m after reported a loss of £1.5m last year as the improved performance of its Naked Wines business boosted the bottom line. Plus, PZ Cussons warns Nigerian economic troubles will hit profits, NWF Group reports year head of expectations and all the rest of the latest news from the City.