All articles by Alec Mattinson – Page 140
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NewsPlanet Organic remains in the red despite 9% sales growth
Upmarket London grocer Planet Organic boasted 9% sales growth in its most recent financial year, but the chain remained loss-making as it continued to invest in growth.
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NewsConcerns over pricing pressures in major Unilever markets
A €6bn gift to investors and better than expected organic growth were not enough to butter up Unilever investors
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NewsBrakes sales rise on Sysco takeover but ebit profits fall 30%
Profits were down 30% pro rata as the business comes under pressure from rising costs and multiple changes in its leadership
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NewsCity snapshot: Reckitt Benckiser like-for-likes up 2% in first quarter
FTSE 100 consumer goods giant Reckitt Benckiser has posted 2% like-for-like sales growht in the first three months of the year, despite weak sales of its Scholl and Dettol brands. Plus, Brakes’ first financial accounts under the ownership of US food distribution giant Sysco show a 30% fall in pro-rata operating profits and all the rest of the latest news from the City.
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NewsHeineken’s US and Europe Q1 sales falls mitigated by developing markets
Heineken has posted 4.3% growth in first quarter organic beer volumes, despite plunging sales in the US and Western Europe as the cold weather hit sales in its major markets.
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NewsMoody’s downgrades Boparan on “deteriorating performance”
Moody’s cut the credit ratings of 2 Sisters owner Boparan after profits tumbled in the wake of a poultry food safety scandal
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NewsCredit Suisse downgrades consumer giants over stagnant sales prospects
Broker Credit Suisse has downgraded global fmcg giants Reckitt Benckiser and Kraft Heinz amid concerns a lack of product innovation and foreseeable sales growth will eat into earnings.
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Analysis & FeaturesSoft drinks brands shrug off sugar tax as shares improve
Our analysis of share price performance across listed groups in the firing line shows double-digit rises for most key players
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NewsPotato storage problems eat into UK profits at McCain Foods
Frozen potato market leader McCain Foods GB grew sales by 3.1% in the year to 30 June 2017
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NewsElla's Kitchen soaring sales offset by currency and cost woes
The company’s most recently filed accounts for the year to 30 June 2017 show a 15.5% rise in sales to £65.7m
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NewsTesco progress surprises market
Tesco beat expectations on almost every measure as it announced its final annual results before the £3.7bn Booker acquisit…
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NewsTayto owner Manderley profits hit despite sales rise
The owner of Northern Irish crisps supplier Tayto has reported a £10m-plus jump in annual sales
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NewsCity snapshot: Russell Hume creditors hopeful of returns from collapsed meat wholesaler's £23.2m assets
Creditors of scandal-hit meat wholesaler Russell Hume are set to receive 60p-80p in the pound on their debts as the collapsed business had assets of £23.2m before its collapse.
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NewsMedia Bites 13 April: 2 Sisters, WH Smith, Greene King
Hundreds of poultry workers in Scotland are to lose their jobs due to the closure of a plant belonging to 2 Sisters Food Grou
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NewsFisherman's Friend maker reports 45% drop in profits
The company grew sales by 0.7% to £51.6m in the year to 31 December 2017
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Analysis & FeaturesCity snapshot: Supermarket price inflation plunges to 0.8%
Supermarket inflation has fallen to its lowest level for over a year, according to the latest figures from The Grocer Price Index, while Sainsbury’s has become the first supermarket to show monthly deflation since February 2017. Plus, consumer stocks surge on market recovery all the rest of the latest news from the City
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Analysis & FeaturesMedia Bites 6 April: Mothercare/Sainsbury's, Conviviality, Sugar tax
Shares in Mothercare shot up more than 11% last night after reports emerged that Sainsbury’s was considering a swoop on the troubled retailer.
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Analysis & FeaturesPrice cuts drive Sainsbury's into annual price deflation
The GPI shows Sainsbury’s as the first supermarket to record a year-on-year price drop for over 12 months
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NewsC&C Group completes Matthew Clark and Bibendum rescue
Magners owner C&C Group has completed a deal to assume full ownership of the Matthew Clark and Bibendum wholesale businesses belonging to beleaguered Conviviality.
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NewsOcado feels chill as first-quarter sales disappoint
The online grocer’s first quarter sales growth was reduced by almost one percentage point