All articles by Alec Mattinson – Page 145
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NewsTesco and M&S both fall short of City expectations
“Super Thursday” proved anything but super for the grocers this week
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NewsBuoyant sales for Buckfast but Brexit hits profit margins
Annual accounts for owner J Chandler & Co for the year to 31 March 2017 show a 3.1% rise in sales
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Analysis & FeaturesHow much could Dave Lewis earn as Unilever boss?
Yesterday’s ‘Fat Cat Thursday’ focussing on the pay of FTSE 100 bosses illustrated that grocery chiefs are relative paupers compared to the vast earnings of some of their contemporaries.
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NewsMarket share figures point to bumper Christmas for grocers
The latest grocery market share figures from Kantar Worldpanel and Nielsen suggest UK consumers shrugged off any worries about the wider economy to increase their grocery spend over the festive period.
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NewsMorrisons reports festive sales boost
Morrisons has reported a 2.8% uplift in group like for like sales excluding fuel over the ten weeks to 7 January and a 3.7% jump over the Christmas period.
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NewsMedia Bites 9 Jan: Festive spending, Lidl, Retail administrations
Rising food costs meant consumers had little left over to spend on a festive splurge, according to the latest retail industry figures.
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InterviewsKraft Heinz European chief Rafael Oliveira
When Bono threatens to write a protest song about your company, it’s a fairly good indicator you might not be universally
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NewsPoppets owner Raisio sells sweets business to Valeo
The confectionery business includes six production plants in the UK and Czech Republic, as well as the Poppets, Fox’s, XXX, Just and Pedro brands
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NewsOcado shares surge amid international licensing deal rumours
Hopes online grocer Ocado is soon to announce further progress on international expansion drove its shares to their highest
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NewsCity snapshot: Next’s Christmas sales rise but in-store slump points to tough retail conditions
Next has posted better than expected trading in the run-up to Christmas, but a 6.1% drop in in-store sales points to a festive trading difficulties in non-food for traditional retailers. The FTSE opens the year on the back foot as fmcg giants fall back and the rest of the latest news from the City.
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NewsMedia Bites 3 Jan: Tesco, M&S, Steinhoff, Weight Watchers
Tesco’s former UK food boss did not commit fraud but in fact helped to uncover accounting irregularities his lawyer told a court yesterday.
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NewsCity Snapshot: The Co-op plans 100 store openings in 2018
The Co-op Group has announced plans to open 100 food stores across the UK in 2018 to create an estimated 1,600 new jobs. Plus, tributes for Compass Group CEO Richard Cousins after his tragic death, Marks & Spencer sells retail business in Hong Kong and Macau and all the latest news from the City.
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NewsMedia Bites 2 Jan: Patisserie Valerie/Bread Holdings, Richard Cousins, Co-op, P&H
Patisserie Valerie is preparing to tap investors for tens of millions of pounds as it bakes a takeover bid for the company that owns Gail’s, the chain of artisan cafes.
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NewsCity snapshot: Conviviality offers to buy 127 Central Convenience stores following P&H collapse
Bargain Booze owner Conviviality has offered to buy 127 Central Convenience stores from WS Retail, following the collapse of its parent Palmer & Harvey into administration. Plus all the rest of the latest news from the City
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NewsMedia Bites 15 Dec: Ocado, Tesco, Steinhoff
Delivery drivers raking in £250-a-day as shortage in the run up to Christmas puts brakes on Ocado, writes The Daily Mail.
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NewsCity snapshot: Ocado’s retail sales growth slows to 11.6% in fourth quarter
Ocado has posted a slowdown in fourth quarter retail sales growth to 11.6% amid capacity constraints owing to a shortage of drivers. PZ Cussons announced a rise in first half profits, but a 10% drop in earnings and all the rest of the latest news from the City
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NewsMedia Bites 14 Dec: Tesco, Chapel Down, Lottery
The Serious Fraud Office has been accused of misrepresenting evidence, giving “sinister meanings” to innocent events and documents and failing to properly investigate an alleged accounting fraud at Tesco, writes The Times.
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NewsBAT set for second half profit growth but currency tailwind reduces
British American Tobacco has issued a second half pre-close trading update, stating it is on course to hit earnings growth expectations amid market share growth, but currency tailwinds are declining.
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NewsMedia Bites 13 Dec: Grocery market share, P&H, Shopping centres
Shoppers prepare for £4.2bn Christmas supermarket sweep, writes The Times (£) on yesterday’s market share figures.
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NewsMorrisons and Sainsbury’s shares plunge on market share losses
Shares in both Morrisons and Sainsbury’s have fallen by over 4.5% today on poorer than expected performance in the latest grocery market share figures from Kantar Worldpanel and Nielsen.