All articles by Alec Mattinson – Page 141
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NewsPrivate equity suitors eye cut-price Tyrrells deal
Tyrrells is likely to return to private equity hands in a cut-price deal as new owner Hershey’s looks to sell off the upmarket crisps brand.
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NewsFood safety scandal slashes quarterly profits at 2 Sisters
Second-quarter profits have plunged at 2 Sisters Food Group owner Boparan Holdings, as the closure of its scandal-hit West Bromwich factory weighed on results.
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NewsNVM Private Equity invests £3m in The Primal Pantry
Healthy snack bar producer The Primal Pantry has secured a £3m investment from NVM Private Equity to help further expand its UK retail presence and international growth.
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NewsHelloFresh cuts losses as it eyes move to profitability
German listed meal kit delivery company HelloFresh grew sales by more than 50% last year and cut its losses as it targets a move to profitability before the end of its 2018 financial year.
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NewsCity Snapshot: First half sales and profits up at Finsbury Food Group
Cakes and bakery goods supplier Finsbury Food Group has overcome “sustained market-wide headwinds” to post a rise in first half sales and profits.
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NewsWhy was a resurgent Morrisons rebuffed by the City?
Unexpected news of a jump in sales & profits rewarded with 4.9% drop in share price
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NewsCity snapshot: Conviviality explores equity fundraising to plug financial hole
Beleaguered booze retailer and wholesaler Conviviality has issued another market update to attempt to reassure the City, this time suggesting it is exploring an equity fundraising to plug the hole in its balance sheet.
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NewsMedia Bites 16 March: Unilever, PZ Cussons, Tesco
A Unilever special this morning as the papers explore the reason the Anglo-Dutch consumer giant is ditching London for Rotterdam and if its denails the move relates to Brexit hold water.
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NewsWhey Box secures six-figure funding package to boost growth
Fast-growing protein powder deliver start-up Whey Box has secured a six-figure funding package from HSBC to help boost production capacity as it targets further listings in the big four supermarkets.
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NewsCoffee chain MangoBean rescued from administration
North-East based national coffee chain MangoBean Coffee has been rescued from administration, safeguarding all jobs at its Newcastle-upon-Tyne head office.
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News‘Arithmetic error’ to blame for wiping £365m off Conviviality
Conviviality has updated the market after its shock profits warning on Thursday to confirm that its full-year adjusted EBITDA will be around £14m lower than previously forecast.
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NewsCity snapshot: Fever-Tree annual sales jump 66% but margins edge back
Drinks mixer supplier Fever Tree has announced yet another jump in sales, but a fall in its gross profit margin in its preliminary results. Plus, Greencore has announced a major restructure of its US operations and downgraded earnings expectations, Applegreen and CCR update the market and all the rest of this morning’s news from the City
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NewsSignature Flatbreads back in family control after Aryzta exit
UK-based flatbread supplier Signature Flatbreads is back under family control after a deal to buy out joint venture partner Swiss bakery giant Aryzta.
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NewsCity snapshot: Retail footfall falls again in February
Retail footfall declined by 0.5% in February according to the latest BRC – Springboard footfall and vacancies monitor, though this latest decline marked an improvement on recent falls in shopper numbers. Plus, consumer spending made its weakest start to the year since 2012 and all the rest of the latest news from the City.
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NewsMedia Bites 12 March: Morrisons, P&G, Consumer spending
Welsh ice cream and gluten-free pies from Yorkshire are some of the locally sourced products Morrisons will add to its shelves this week as its customers ask for more British food
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NewsGrocery retail market share for 12 weeks to 25 February 2018
Morrisons pulled level with Tesco as the fastest-growing grocer during the 12 weeks to 25 February 2018
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NewsJust Eat's City halo slips on earnings guidance cut
The company admitted to far higher investment requirements than anticipated
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NewsTwo-thirds wiped off value of Conviviality after shock profits warning
Shares in Bargain Booze owner Conviviality plunged by more than two-thirds after the alcohol retailer and wholesaler issued a shock profits warning.
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NewsCity snapshot: Inflation gap between Tesco and rivals expands
The inflationary gap between Tesco and its big four rivals has reached a new high even as inflation across the big four supermarkets flattens. Conviviality shares hammered after shock profits warning, Yeo Valley profits hit by rising milk prices and all the rest of the latest news from the City.
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NewsMedia Bites 9 March: The Co-op, John Lewis/Waitrose, Conviviality
A bumper day of grocery news sees heavy coverage of the investigation into The Co-op’s treatment of suppliers, John Lewis Partnership’s trading troubles and a share price plunge at Conviviality.