All articles by Alec Mattinson – Page 149
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NewsCity News: AB InBev merger synergies compensate for underperformance
The world’s biggest brewer AB InBev produced mixed third quarter results on Thursday…
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Analysis & FeaturesThe Fast 50’s ingredients to fuel growth
The more agile and innovative your business, the faster it grows. That’s the lesson of The Grocer’s 2017 Fast 50
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NewsCity snapshot: Pots & Co unseats BrewDog from top of The Grocer Fast 50
Pots & Co has knocked BrewDog off the top of The Grocer Fast 50 ending the brewer’s three year reign at the top of the list of the UK’s fastest growing food and drink firms. Plus The Yorkshire Meatball Co has become the latest crowdfunded grocery brand to collapse, healthy snack brand Mister Free’d has sold a minority stake for £750,000 and all the rest of the latest news from the City.
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NewsMedia Bites 27 Oct: UK retail sales, AB InBev, Amazon
More retailers reported falling sales this month than at any point since March 2009 as British shoppers cut back on spending in food shops, department stores and furnishing specialist.
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NewsCity snapshot: Refresco agrees terms over €1.62bn private equity sale
Dutch bottling giant Refresco has agreed to recommend a €20 per share offer from a consortium of PAI Partners and British Columbia Investment Management valuing the firm at €1.62bn. Plus, Heineken third quarter volumes up 2.5% despite UK double-digit slump, British American Tobacco to set out new product growth targets and all the rest of the latest news from the City.
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NewsMedia Bites 25 Oct: Unilever, Whitbread/Costa, McDonalds
At least three bidders are expected to be shortlisted for the second round of an auction for Unilever’s margarine and spreads business while two other private equity groups are no longer in the fray.
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NewsCity snapshot: Costa Coffee first half UK sales climb 9.1% but profits slide
Costa Coffee grew revenues by 9.1% in the first half to £622m but significant increases in labour costs, business rates and foreign exchange impacts on coffee imports hit profits. Plus, first quarter revenues slide at McBride, first half volumes up at Distil and all the rest of the latest news from the City
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NewsMedia Bites 24 Oct: HelloFresh, UK Manufacturing, Amazon
HelloFresh, the German seller of meal kits, has said that it is targeting a valuation of up to €1.5bn in its initial public offering, a significant premium to the market capitalisation of American rival Blue Apron.
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NewsFood waste tech firm Winnow raises $7.4m growth capital
A technology company behind software which helps chefs cut food waste has completed a round of funding to raise $7.4m (£5.6m) in growth capital.
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NewsNew profits warning from Real Good Food
Real Good Food has warned it is likely to post a loss in the current financial year commodity price increases and labour costs have hit earnings.
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NewsMedia Bites 23 Oct: Aldi/Lidl, Sainsbury's, Brexit
Discount supermarkets Aldi and Lidl are pressing ahead with rapid expansion despite fears over shifting shopping habits that are forcing Britain’s “Big Four” grocers to shake up their store estates.
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NewsBurton's mulls Fox's tie-up as sales plunge
With a long-mooted tie-up with Fox’s Biscuits in an IPO reportedly back on the cards, newly filed accounts for Burton’s Biscuits show sales and underlying profitability has fallen once again.
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NewsTyrrells profits sank 45% in Amplify Snack Brands sale period
Profits at snack brand Tyrrells almost halved in the period of its £300m sale to Amplify Snack Brands
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NewsCostcutter owner Bibby Line Group plunges to £66m pre-tax loss
Costcutter owner Bibby Line Group has plunged from an annual profit of £30m to a pre-tax loss of £66m amid turmoil in its oil and gas-focussed offshore division.
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NewsCity snapshot: Bakkavor kicks-off £100m London float
The UK’s biggest ready meals supplier Bakkavor has announced its intention to raise £100m by floating a portion of its shares on the London Stock Exchange. Plus, higher food prices drive up September retail sales according to BRC/KPMG, Marton’s updates the market on full-year performance and all the rest of the latest news from the City
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NewsMedia Bites 10 October: Retail sales, Diageo, Amazon
The chances of the first rise in interest rates in more than a decade have grown after Britons shrugged off economic uncertainty to hit the high street in September, writes The Times.
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NewsBarfoots sales up 18.8% but Brexit hits bottom line
Fast-growing vegetable producer and importer Barfoots of Botley saw sales rise a further 18.8% last year, but profits were hit by Brexit-related cost rises and the weak pound.
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NewsBRC warns over Brexit impact to retail employees
Consumers will “pay the price” unless the UK “provides certainty” for people from the EU working in retail in the UK and agrees an immigrations system “fit for future”, according to the British Retail Consortium.
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NewsMedia Bites 9 October: Fox's Biscuits/Burton's, 2 Sisters, Bread Holdings, P&G
The poultry tycoon whose business has been hit by allegations of food safety breaches is in talks about a merger of Fox’s Biscuits and the owner of rival brand Jammie Dodgers, according to Sky News.
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NewsTesco turnaround 'on track' but City reaction is lukewarm
Tesco declared its turnaround “firmly on track” this week after posting a 27.3% jump in group operating profit