All articles by Alec Mattinson – Page 148
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NewsCity snapshot: Snack brand Pipers hires advisers to ready for sale
Premium snack brand Pipers Crisps is eyeing up potential acquisition targets in the UK and overseas after hiring advisers to conduct a strategic review of the business, plus all the rest of the latest news from the City.
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NewsMedia Bites 17 Nov: 2 Sisters, Asda/Walmart, P&G
The scandal at the 2 Sisters chicken factory should act as a “wake-up call” to the UK food regulator after MPs found biggest poultry supplier already had a “far from pristine” track record on food standards before the recent scandal.
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NewsNissin partnership starts to pay off for Premier Foods
Premier Foods’ boss Gavin Darby has hailed the “renaissance” of its Bachelors brand under its partnership with Nissin Foods as the UK-listed supplier reported a revival of fortunes in the second quarter.
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NewsCity snapshot: CMA inquiry included Aldi and Lidl after Tesco-Booker pressure
The CMA backtracked amid pressure from Tesco and Booker to take the rise of the discounters into consideration in delivering its verdict on their proposed merger, The Grocer can reveal. Plus, Nissin partnership boosts first half performance at Premier Foods after strong second quarter and all the rest of the latest news from the City.
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NewsMedia Bites 15 Nov: Tesco/Booker, Grocery inflation, Sir Terry Leahy
“Booker rivals’ outrage over Tesco tie-up” is the leading business headline in this morning’s edition of The Times (£) as the media expresses shock at the CMA’s decision to green light the £3.7bn Tesco acquisition of Booker.
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NewsCity snapshot: Retail footfall slumps in run-up to Christmas
UK retail footfall fell by 2% year-on-year in October according to the BRC Springboard footfall and vacancies monitor – the largest rate of decline since the vote to leave the EU in June 2016. Plus sales jump but profits plunge at Carr’s Group and all the rest of the latest news from the City.
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NewsMedia Bites 13 Nov: MRH, Tesco, Nisa, Unilever
One of Britain’s largest petrol station operators MRH GB has picked banks to steer a £1.5bn stock market listing next year.
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NewsBakkavor cuts valuation to get IPO away
Bakkavor this morning dramatically announced its aborted stock market listing was back on just a week on from pulling its initial flotation after lowering its valuation to get the deal away.
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NewsFour-month price inflation trend edges back in October
Supermarket inflation has eased for the first time in five months
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NewsMarks & Spencer's food division hit by price inflation
For years, Simply Food has bailed out falling clothes sales at Marks & Spencer
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NewsCity snapshot: £1bn Bakkavor IPO back on after rapid U-turn
A week to the day after pulling its London IPO because of “volatile” market conditions, Bakkavor has dramatically announced its listing is back on at 180p per share valuing it at just over £1bn. Plus, supermarket inflation stalls, HelloFresh UK doubles sales but losses grow, baby food brand Piccolo secures six-figure cash injection and all the rest of the latest news from the City
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NewsMedia Bites 10 Nov: Sainsbury's, Dairy Crest, Coca-Cola HBC
A dismal end to the summer and higher labour costs hit half-year sales and profits at Sainsbury’s.
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NewsHigher sugar prices boost profits at Associated British Foods
Primark owner Associated British Foods has posted a 15% jump in sales and a 22% rise in adjusted operating profits, boosted by a dramatic recovery of profits at AB Sugar and the weakness of the pound.
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NewsMedia Bites 7 Nov: UK retail, Whole Foods, Lidl
“Nerves on high street after shoppers rein in spending,” writes The Times (£) after more worrying data on consumer activity.
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NewsField & Flower secures £825k after trimming back valuation
Field & Flower reduced its valuation to secure the crowdfunding cash
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NewsHarrogate thirsty to boost retail listings as sales rise 21%
Harrogate Water Brands is eyeing more supermarket listings after posting another year of stellar annual sales…
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NewsCity snapshot: BRC-Nielsen finds food price inflation remains at 2.2% as fresh prices rise
Food price inflation remained at 2.2% in October, according to the latest BRC-Nielsen shop price index, but fresh food inflation is increasing while ambient inflation eased last month. Plus, Glanbia reports third quarter figures, clothing retailers fall after Next update and all the rest of the latest news from the City.
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NewsMedia Bites 1 Nov: Shopping habits, Interest rates, Just Eat
Jumbo trollies are on their way out, Britain now prefers blueberries to strawberries and sales of vegetarian ready-meals are on the rise, according to a new report on food shopping habits.
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NewsCity snapshot: Mondelez beats expectations with solid third quarter
Shares in Cadbury owner Mondelez jumped 4.3% in after hours trading after the global snack group reported a stronger than expected third quarter. Plus, UK consumer confidence shrinks in October, FTSE falls on interest rate rise expectation and all the rest of the latest news from the City.
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NewsMedia Bites 31 Oct: Asda, Mondelez, Sugar
Asda has ousted its latest chief executive as it fights to win back sales from rival supermarkets, writes The Daily Mail.