All articles by Alec Mattinson – Page 143
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NewsCity snapshot: Kerry Group annual sales grow 4.5% despite weak pound
Irish good giant Kerry Group has reported a 4.5% jump in full-year revenues to €6.4bn driven by strong volume growth despite the weak pound. Plus, C&C Group ends US deal with Pabst and all the rest of the latest news from the City.
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NewsMedia Bites 20 Feb: Reckitt Benckiser, McColl’s, Russell Hume
“Swallowing rivals fails to fatten up Reckitt”, write The Times (£) as the consumer group’s flat-lining revenues hit its share price. Plus, McColl’s shares drop after P&H blow, Russell Hume collapses and more.
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NewsProfits at Pukka Pies plunge 45% despite rising sales
A hike in the cost of raw materials ate into the Leicestershire-based pie-maker’s margins
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News'Brexit boost' pushed UK exports to record £22bn in 2017
This was up by more than £2bn in 2016, representing 13.4 million tonnes of goods, Defra announced this week
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NewsDanone to reduce its 21.3% stake in Yakult
Danone has announced it is to sell part of its 21.3% stake in Japanese probiotic yorhurt producer Yakult.
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NewsPepsiCo organic sales up 2.3% but earnings hit by new US tax law
PepsiCo has reported organic revenues growth of 2.3% for both its fourth quarter and full-year 2017, but earnings were hit by a one-off $2.5bn charge relating to new US tax rules.
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NewsCity Snapshot: Volume and price growth drive “exceptional” year at Coca-Cola HBC
European Coke bottler Coca-Cola HBC (CCH) has reported a 5.9% jump in organic sales and a double-digit growth in profits as both volume and price growth boosted its full-year performance. Plus, Danone to sell down some of its 21.3% Yakult stake and all the rest of the latest news from the City.
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NewsMedia Bites 14 Feb: Crowdfunding, Inflation, Quorn
Fresh concerns have been raised over selling ‘mini bonds’ via crowdfunding after Square Pie collapsed, with 324 bondholders standing to lose hundreds of thousands of pounds.
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NewsCity snapshot: Meridian snapped up by SHS Group in £50m deal
Nut butter brand Meridian has been bought by Northern Irish consumer goods company SHS Group in a deal exclusively flagged by The Grocer. Plus, the FTSE starts the week on the front foot and all the rest of the latest news from the City.
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NewsMedia Bites 13 Feb: Plant-based foods, Morrisons, Amazon
Whole Foods and Costco have been criticised for their inadequate response to an investor push for food companies to decrease their reliance on meat and animal products.
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NewsStruggles of former UK confectionery arm hit Raisio’s profits
Full-year sales and earnings at Finnish food group Raisio fell last year as a result of “challenges” in its now-divested UK confectionery business. However, the company is now targeting acquisitions as part of a wider turnaround plan.
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NewsOcado share price takes hit as profits stall
Ocado’s share price surge came to a halt on Tuesday after it revealed its annual profits had fallen back into the red
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NewsCity snapshot: Tesco sets five year inflation high as annual grocery prices rise 2%
Supermarket price inflation edged up to 2% in the first month of the new year according to the latest Grocer Price Index – but there is wide disparity across the big four, with Tesco price rises swelling the overall figure. Plus another grim day for international stock markets takes its toll on grocery shares and all the rest of the latest news from the City.
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NewsMedia Bites 9 Feb: 2 Sisters, L’Oréal, Compass Group
Job cuts loom at scandal-hit chicken supplier 2 Sisters.
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NewsTesco continues to prop up overall inflation in grocery
Tesco recorded its highest level of price inflation for over five years last month
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NewsWeetabix sales slip under new owner
Weetabix sales fell 1.2% in the final three months of 2017, according to quarterly earnings reported by Post Holdings
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NewsArla acquires Yeo Valley dairy business in bid to drive organic growth
The deal gives farmer-owned dairy co-operative Arla the rights to use the Yeo Valley brand in milk, butter, spreads and cheese under an intellectual property licence
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Analysis & FeaturesWhat does Sainsbury’s cut-price deal for Nectar tell us about loyalty cards?
Sainsbury’s $105m (£60m) swoop for full ownership of its loyalty card scheme will immediately add to its bottom line, according to the supermarket. But what does the willingness of Sainsbury’s former Nectar partner Aimia to sell off the loyalty scheme in a cut price deal say about Nectar’s value?
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NewsCity snapshot: Ocado slips back into the red as cost of technology weighs on earnings
Ocado has reported a £0.5m 52-week loss despite double digit revenue growth as the cost of funding expansion and new technology hit the bottom line. Inflation drives strong grocery sales according to latest market share figures and global market slump hammers UK shares.
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NewsMedia Bites 6 Feb: Charles Wilson, Euro Garages, Waitrose
Cash and carry king lined up for Tesco top job, writes The Daily Mail after Charles Wilson was named Tesco’s UK & Ireland chief.