All articles by Alec Mattinson – Page 144
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NewsMedia Bites 5 Feb: Sainsbury's/EuroGarages, Steinhoff, Keurig/Dr Pepper
Sainsbury’s is severing its ties with petrol station operator EuroGarages, culling a trial of stores on forecourts, according to The Sunday Telegraph.
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NewsCity snapshot: Charles Wilson to replace Matt Davies as Tesco’s UK & ROI CEO
Tesco has announced that upon completion of the merger with Booker, the wholesaler’s boss Charles Wilson will be appointed as CEO of its retail and wholesale operations in the UK and Republic of Ireland.
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NewsPoppy's Picnic turns down Dragon and kicks off crowdfunder
Raw petfood brand Poppy’s Picnic has shunned an offer secured on the BBC’s Dragons’ Den to raise over £350k in crowdfunding.
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NewsCity snapshot: Food and drink M&A deal values soar in 2017
A busy food and drink M&A market in the first weeks of 2018 has continued the momentum of 2017, which saw a strong rise in deal values, according to the latest quarterly M&A report by Grant Thornton. Plus, Weetabix sales fall 1.2% in the first quarter of new US owner Post Holdings and all the rest of the latest news from the City
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NewsMedia Bites 2 Feb: Unilever, Sainsbury's, Morrisons
A busy day for food and drink sees the papers packed with stories on Unilever, Morrisons, Sainsbury’s and more this morning.
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NewsRaisio starts talks over feed business sale as part of wider restructure
Finnish food group Raisio is plotting the sale of its feed business as part of a wider restructure of the struggling business to focus on healthy foods.
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NewsCity snapshot: Retail sales growth boosts Conviviality full-year revenues
Drinks retail and wholesale group Conviviality grew sales by 9.2% in the first half of its financial year, driven by 10% growth in its retail operations. Plus all the rest of the latest news from the City and a look at the week ahead.
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NewsMedia Bites 29 Jan: BHS, Steinhoff/Poundland, Ocado
Unsecured creditors of BHS, the retailer once owned by Sir Philip Green, lodged claims worth almost £1bn in the aftermath of its collapse, according to a report compiled by the chain’s liquidators.
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NewsWm Jackson margins hit by tough market
Aunt Bessie’s and Abel & Cole owner William Jackson has posted a rise in annual sales but saw margins squeezed
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NewsShort sellers lose out as Sobeys deal sends Ocado shares soaring
A surge in Ocado’s share price after signing another international supply deal has cost bearish investors over £90m
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NewsCity snapshot: SSP Group’s revenues up 13.5% in first quarter
Travel food specialist SSP Group has increased sales by 13.5% in the first quarter, driven by like-for-like growth, contract wins and global expansion. Bacardi buys Patrón Spirits for $5.1bn, UK snow hits Christmas trading at Marston’s, Ocado’s shares surge 28% on Canada tie-up and all the rest of the latest news on a busy morning in the City
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NewsMedia Bites 23 Jan: Tesco, Ocado, Nestlé
“Managers in firing line as Tesco jobs go” is the leading story in this morning’s edition of The Times.
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NewsMedia Bites 22 Jan: Poundland, Amazon, Fevertree
Private equity firms have begun circling Poundland amid expectations that its scandal-ridden South African owner could be forced to sell the high street chain.
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NewsCity snapshot: Ocado signs Canada supply deal with Sobeys
Ocado has signed an agreement with Canada’s second largest food retailer Sobeys to develop an online grocery business using its Smart Platform technology.
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Analysis & FeaturesGoodfella's sale plots new course for 2 Sisters
2 Sisters’ dastardly plot to corrupt MPs with a packet of biscuits may have caused some embarrassing headlines this week, but the sale of its Goodfella’s pizza brand to Nomad is a genuinely significant moment in the evolution of the UK’s second-largest food business.
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NewsCity snapshot: SHS Group tipped as winner of £50m Meridian auction
Nut butter brand Meridian is closing in on a £50m takeover, with SHS Group as poised to win the highly competitive auction according to City insiders. Plus FeverTree surges on takeover whispers, ABF shares hit by sugar weakness and all the rest of the latest news from the City.
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NewsMedia Bites 19 January: Steinhoff, FeverTree, ABF, Costa
Steinhoff International, the scandal-hit South African retail conglomerate, is in talks with banks to secure additional financing to keep the company afloat.
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NewsRefresco provisionally cleared for Cott acquisition after UK factory sale pledge
Bottling giant Refresco has been given the provisional green light to complete its acquisition of fellow bottling firm Cott after offering to sell a UK factory.
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NewsMedia Bites 17 Jan: Walmart, Nestlé/Ferrero, Premier Foods, Greggs
Walmart will tap Judith McKenna to run its international unit, which includes UK supermarket Asda.
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NewsThomas J Fudge's records loss in first year of PE ownership
Thomas J Fudge’s Remarkable Bakery slipped to a £1.5m pre-tax loss in its first year under private equity ownership