All articles by Alec Mattinson – Page 137
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NewsMedia Bites 14 June: Just Eat/Deliveroo, Inflation, Connect Group
‘Takeaway wars!’ is the headline in The Daily Mail as shares in Just Eat plunge 10% as Deliveroo launches bid to steal arch-rival’s fast-food customers.
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NewsCasino announces €1.5bn of disposals
French hypermarket chain Casino hopes to raise €1.5bn through asset disposals to strengthen its balance sheet.
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NewsCity snapshot: Retail footfall returns to modest growth in May
Retail footfall continued to fall in May despite the hot weather, but showed a marked improvement from the footfall collapse of March and April. Plus, dairy exec joins the board of Produce Investments, a look ahead to events this week and all the rest of the latest news from the City.
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NewsMedia Bites 11 June: 2 Sisters, Asda/Sainsbury's, M&S
Chicken tycoon Ranjit Boparan is preparing to sell one of Britain’s oldest pie makers as he scrambles to rescue his business empire, writes The Times.
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Analysis & FeaturesWilliam Jackson Food Group pledges to reinvest Aunt Bessie's cash
William Jackson Food Group has pledged to plough cash back into the business after agreeing a bumper £210m sale of its key Aunt Bessie’s brand to Birds Eye owner Nomad Foods
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NewsSainsbury’s boss Mike Coupe receives 46% pay boost
Sainsbury’s chief executive Mike Coupe has been handed an annual pay package worth £3.43m after receiving higher performance-related bonuses during the year.
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NewsWH Smith exceeds expectations with solid third quarter sales
WH Smith’s “profit-focused strategy” seems to be winning more friends in the City than it has on the high street
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NewsCity snapshot: Supermarket inflation eases to 1.1% in May
The Grocer Price Index measure of supermarket inflation fell from 1.2% to 1.1% as Tesco recorded its lowest level of inflation for almost a year. Plus Distil shares rise after year of double-digit growth and all the rest of the latest news from the City.
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NewsMedia Bites 8 June: Costa Coffee, M&S, Poundworld
Whitbread has mooted the possibility that it could sell its Costa Coffee or Premier Inn businesses rather than pursue its proposal to demerge its coffee business within the next two years.
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NewsTesco inflation falls but it's still running ahead of rivals
Tesco has recorded its lowest level of inflation for almost a year as the UK’s biggest supermarket looks to step back into line with the other major players.
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NewsCity snapshot: Remy Cointreau upgrades earnings expectations
French spirits group Remy Cointreau has increased its sales and profits targets after posting a 14.1% increase in operating profits last year. Plus, new CFO for Irish agri-services group Origin Enterprises and all the rest of the latest news from the City.
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NewsMedia Bites 7 June: Asda/Sainsbury's, Poundworld, WH Smith
Asda’s headquarters in Leeds is to be demolished and hundreds of Sainsbury’s staff moved from London, following the £14.1billion merger of the two supermarkets, writes The Daily Mail.
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NewsTulip buys Netherlands-based bacon producer
Danish meat giant Tulip Food Company has agreed to acquire Dutch bacon producer Baconspecialist Zandbergen.
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NewsNomad agrees €240m deal to buy Aunt Bessie’s from William Jackson
Birds Eye owner Nomad Foods has announced it has agreed to buy frozen potato and Yorkshire puddings brand Aunt Bessie’s
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NewsCity snapshot: Hotel Chocolat buys back £6.4m of customer ‘chocolate bonds’
Hotel Chocolat repays £6.4m of ‘chocolate bonds’ to fund growth. Plus, annual sales up 56% at UK wine supplier Gusbourne and Bayer sets date for $63bn Monsanto deal completion.
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NewsMedia Bites 4 June: Poundworld, Discounters, Addo Food Group
Alteri Investors, a turnaround firm backed by US hedge fund giant Apollo is closing in on a deal to buy Poundworld, the struggling discount retailer.
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NewsPret a Manger readies US push after £1.5bn JAB deal
The deal will see JAB assume control of Pret after a decade of ownership by private equity group Bridgepoint
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NewsCity snapshot: Costco third quarter sales miss expectations
Shares in global retail group Costco have slipped in the US despite a 12.1% third quarter sales boost as growth fell short of market expectations. Plus all the rest of the latest news from the City.
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NewsMedia Bites 1 June: Asda, Sainsbury's, Belgian chocolate
Asda’s profits tumbled sharply last year as it forked out £120m on slashing prices across hundreds of products.
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NewsCity snapshot: Asda annual profits drop 13% as investment in price weighs on bottom line
Asda has posted a 13% drop in annual operatings profits as it invested in price and new products to regrow sales. Plus, Supermarket Income REIT has bought the Tesco Extra supermarket in Scunthorpe, plus all the rest of the latest news from the City.