All articles by Alec Mattinson – Page 152
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NewsMcCormick UK profit slumps due to weak pound and writedown
It incurred interest charges of £3.7m and an investment impairment of £2m
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NewsCity snapshot: Little Dish sells majority stake in £17m US deal
Healthy children’s food brand Little Dish is targetting growth in the US after a £17m deal with Profile Capital. Plus, the FTSE is back on the rise and all the rest of the latest news from the City.
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NewsMedia Bites 1 Sep: Asda, McColl's, Boots, Pernod Ricard
More than 10,000 equal-pay claims may go ahead against Asda after the supermarket chain failed to stop the cases proceeding.
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NewsCity snapshot: Real Good Food cuts profits forecast again
Under pressure UK-listed food group Real Good Food has cut its profit expectations again weeks after slashing guidance after an internal audit. Plus palm oil producer MP Evans makes acquisition, a look ahead at the markets this week and all the latest from the City.
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NewsMedia Bites 29 Aug: P&H, Amazon/Whole Foods, Hotel Chocolat
Two global cigarette giants are preparing a rescue plan for the tobacco wholesaler Palmer and Harvey, writes The Sunday Times.
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Analysis & FeaturesAre those green shoots at Asda or is it all inflation?
There are encouraging signs of improvement for Asda under CEO Sean Clarke, but the patient is still in recovery
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NewsMolson Coors outperforms UK beer market
Carling brewer Molson Coors has outperformed the UK beer market after growing domestic sales 3.1% to £1.35bn last year
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NewsCity snapshot: China’s “richest chicken farmer” linked with Moy Park deal
Liu Yonghao, chairman of China’s agrichemical business New Hope, has been tipped as the front-runner in the £1bn-plus deal for Northern Irish poultry producer Moy Park.
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NewsMedia Bites 21 Aug: Tesco/Booker, Moy Park, Heineken
Competition investigators have been attacked for failing to adequately tackle Tesco’s proposed takeover of wholesale giant Booker.
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NewsCarlsberg bottom line growth compensates for volume slump
A worse than expected sales volume slump was accompanied by stronger than forecast progress on the bottom line
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NewsCity snapshot: UK food and drink exports jump 8.5% in first half
Overall exports of all UK food & drink in the first half of 2017 grew to £10.2bn, up 8.5% on the same period last year, driven by booming sales to South Korea and China.
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NewsMedia Bites 18 Aug: Asda/Walmart, Unilever, Exports
Asda has finally delivered a quarter of like-for-like sales growth after three years of falling sales.
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NewsYoung’s Seafood third quarter sales rise on contract wins
Young’s Seafood delivered double-digit third quarter sales growth after winning new contracts and growing sales in both frozen and chilled goods.
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NewsCity snapshot: Price rises drive Carlsberg's 2% first half sales growth
Carlsberg has reported a 2% rise in first half organic sales despite a fall in beer volumes as higher prices supported its overall sales. Plus the pound slides to close to an eight year low against the euro after yesterday’s CPI figures and all the latest news from the City.
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NewsMedia Bites 16 August: Brexit, Danone, Nestlé
The UK government’s proposals for an interim deal with the EU, including a possible temporary customs union, to make sure overseas trade with the continent continues smoothly is the main news in the papers this morning.
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NewsUK inflation remains stable at 2.6%
The UK’s Consumer Prices Index remained unchanged in July at 2.6%, defying expectations that inflation would rise again last month.
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NewsP&G accuses Nelson Peltz of serving “his own agenda” in plea to shareholders
Procter & Gamble has accused activist investor Neslon Peltz of pursuing a seat on its board “to satisfy his own agenda” in a letter to shareholders requesting they vote down his board ambitions.
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NewsCity snapshot: High street footfall slumps in July
High street footfall dropped a further 2.1% in July, according to the lateste figures from BRC/Springboard, leading to an overall 1.1% in retail footfall in the period. Plus, Tata Global Beverages disposes of China and Russia operations, a look forward to what’s happening in the City this week and all the latest news from the markets
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NewsMedia Bites 14 April: Asda, Wilko, Inflation, Diageo
Asda is expected to serve up its first quarter of positive sales growth in three years this week, writes The Telegraph
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NewsAmplify works on Tyrrells recovery as UK sales slump
The US owner of upmarket crisp brand Tyrrells has cut SKUs and axed private-label contracts