All articles by Alec Mattinson – Page 142
-
NewsSoaring milk prices hit profits at Yeo Valley
Yeo Valley returned to top-line growth last year, but profits were hit by soaring milk prices and the devaluation of the pound as the business prepares to sell its dairy arm to Arla Foods.
-
NewsMedia Bites 8 March: Jack Daniel’s, Energy drinks, John Lewis
The company behind Jack Daniel’s whisky has warned that it could become “an unfortunate and unintended victim” of Donald Trump’s steel tariff proposal
-
NewsJust Eat shares plunge 11% after shock £180m write-down
Just Eat shares have dropped by 10.8% today after the company revealed a £180m write-down on the value of its Australian and New Zealand business drove it to a £76m full-year loss.
-
NewsMedia Bites 6 March: Processed foods, Retail sales, UK Farming
A government health agency has said that that calorie intake of processed foods must be reduced by 20% by 2024
-
NewsFood growth drives 0.6% monthly increase in retail sales
Retail sales were up 0.6% in February, according to the BRC/KPMG Retail Sales Monitor, with strong food sales wholly responsible for overall growth.
-
NewsFourth quarter volumes fall at Refresco
European bottling giant Refresco, currently subject to a €1.6bn private equity bid, had a disappointing end to the year with volumes and value sales slipping in the fourth quarter.
-
NewsMedia Bites 5 March: Morrisons, 2 Sisters, Lucozade Ribena Suntory
Morrisons is facing a potential £100m equal pay compensation claim from hundreds of its staff, who believe that they have been underpaid compared with colleagues.
-
NewsAB InBev toasts strong fourth-quarter results
The City was toasting AB InBev after it surprised the market with far stronger fourth-quarter results than expected
-
NewsCrowdfunding targets hit by two brands
Two retail brands have smashed through their crowdfunding targets
-
NewsCity snapshot: US brief for Aldi UK boss Matthew Barnes
Aldi UK boss Matthew Barnes has been promoted to a new role at the Aldi South group, overseeing its growing US business as well as UK and Ireland. Plus, fast-growing fresh ingredients supplier Freshcut Foods has sold a majority stake to private equity player Perwyn and all the latest news from the City.
-
NewsMedia Bites 2 March: AB InBev, Carrefour, Tobacco
The world’s biggest brewer AB InBev reported a 64% increase in full-year net profits, boosted by savings from its SABMiller acquisition and a rebound in Brazil
-
NewsFreshcut gets growth cash in Perwyn PE deal
Fast-growing fresh ingredients supplier Freshcut Foods has sold a majority stake to private equity player Perwyn, The Grocer can reveal.
-
NewsConsumer spending power still on the wane, according to Asda
Average spending power fell again in January to extend the squeeze on household incomes, according to the latest Asda Income Tracker.
-
NewsMotor Fuel Group agrees £1.2bn deal for MRH
Private equity-owned Motor Fuel group has announced it has agreed to acquire MRH in a deal valued at £1.2bn to form UK’s biggest forecourt operator.
-
NewsCity snapshot: Associated British Foods reports sugar and Primark slowdown
Associated British Foods (ABF) has announced it expects to post a first half fall in revenues in its sugar division and a like-for-like sales drop at Primark, though grocery continues to grow. Plus, Hilton Food Group extends Aussie partnership with Woolworths, Tesco and Booker seek shareholder approval for merger this week and all the rest of the latest news from the City.
-
NewsMedia Bites 26 Feb: Unilever, Tesco/Booker, 2 Sisters
Top shareholders warn Unilever over plan to leave the UK, judgment day nears on Tesco’s £3.7bn takeover Booker and 2 Sisters puts Irish fish supplier Donegal Catch up for sale.
-
NewsHigh street pressures tell on Eat as losses mount
The pressures troubling the casual dining sector are also affecting the quick service restaurants, with newly filed accounts for sandwich chain Eat showing pre-tax losses rose from £1.5m in 2016 to £3.7m last year - its fifth consecutive year of losses.
-
NewsReckitt Benckiser's shares hit by future performance concerns
Durex maker Reckitt Benckiser’s shares dropped to their lowest level for two years on Monday
-
NewsCity snapshot: Hotel Chocolat reports 15% first half sales and profits jump
Sales and pre-tax profits both surged by 15% in the first half at Hotel Chocolat as new store openings and digital growth helped the retailer offset rising costs. Plus, Arla Foods in has reported an 8.1% rise in group revenues to €10.3bn but profits fall amid rising costs, Glanbia full-year sales rise 7% and all the rest of the latest news from the City.
-
NewsMedia Bites 21 Feb: Tesco/Booker, Walmart/Asda, KFC
Investors in Booker Group have been told by a second shareholder advisory group to vote against a planned £3.7bn takeover by Tesco, writes The Times (£)