All articles by Alec Mattinson – Page 154
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News
Weaker pound boosts earnings expectations at BAT
British American Tobacco has announced that first half earnings will be boosted by at 14% currency tailwind as it confirmed it is trading in line with expectations.
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News
Moody’s downgrades Reckitt Benckiser after Mead Johnson deal approval
Rating agency Moody’s has cut the long-term credit rating of Reckitt Benckiser (RB) by two notches following the approval of its US$17.9bn acquisition of US baby milk group Mead Johnson.
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News
City snapshot: Third quarter like-for-like sales flat at WH Smith
Travel and high street retailer WH Smith has posted top-line sales growth of 2% in the 15 weeks to 10 June, while like-for-like sales were flat as travel sales rose and the high street slumped. Plus trading updates from British American Tobacco and Coca-Cola European Partners and all the rest of the news from the Cit
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News
Media Bites 14 June: Online shopping, Sainsbury's, Heineken
The proportion of households who do all their grocery shopping online has doubled since 2014 according to new figures from Mintel.
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News
UK inflation jumps to 2.9%
The UK’s consumer prices index (CPI) measure of inflation rose to 2.9% in May, up from 2.7% in the previous month.
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News
City snapshot: CMA finds Heineken’s Punch Taverns deal could reduce competition in 33 local areas
The Competition and Markets Authoroty has ordered Heineken to address competition concerns over 33 local areas across Great Britain, but said the £305m deal raised no competition issues for brewers. Plus all the latest news from the City
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News
Media Bites 13 June: Aldi, Morrisons, Ocado
Cut-price supermarket chain Aldi is seeking to conquer the US market – opening 400 new stores by the end of 2018 and creating 25,000 jobs.
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Analysis and Features
Where now for the pound – and food price inflation?
So far, so Brexit. The day after a political earthquake, the value of the pound has dropped sharply while the globally focussed FTSE 100 is on the rise
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News
GreyHawk rescued in wake of brand dispute
Twenty jobs have been saved at Yorkshire brewer GreyHawk after it was bought from administration…
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News
Markets rocked by election uncertainty
The pound has dropped in value by almost 2% overnight against the dollar as markets come to terms with the shock UK general election result that has produced a hung parliament.
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News
Asda keeps a lid on prices as inflation eases again
Prices are rising compared with last year, but still remain 2.2% down on a two-year basis
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News
Media Bites 9 June: General election, M&S, Rémy Cointreau, Red Bull
The shock of last night’s election result resulting in a hung parliament is being digested by the papers this morning.
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News
Lewis relocation costs face scrutiny at AGM
An influential investment group has called on shareholders to vote down the Tesco pay report over relocation costs for CEO Dave Lewis
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News
Roberts still solidly profitable despite pensions deficit blow
Bread maker Roberts Bakery defied “difficult” market conditions to post flat revenues and profits last year, but fell to a headline loss due to a recalculation of its pensions deficit.
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News
Gusbourne to raise £4.2m in placing to expand wine production
English sparkling wine producer Gusbourne is aiming to raise £4.2m of fresh funds in a share placing to invest in new vineyards and expand production.
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News
City snapshot: UK retail like-for-like sales drop on non-food sales fall
UK retail sales fell by 0.4% on a like-for-like basis in May as weak non-food sales dragged down strong food sales growth, according to the BRC KPMG Retail Sales Monitor.
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News
Media Bites 6 June: Ocado, Tesco, Consumer spending
Hedge fund boss threatens Ocado coup as initial buzz over software deal is followed by a sell-off, writes The Daily Mail
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News
Iceland range and store improvements deliver 4.4% sales growth
Like-for-like sales were up 2% in the year to 24 March
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News
City snapshot: Ocado finally signs first international deal
Ocado has signed its first long-awaited international partnership to provide its technology to an unnamed European retailer. Plus Iceland’s annual sales rise 4.4% and EBITDA jumps 6.3%, FRC drops probe into PwC over Tesco profits overstatement and all the rest of the latest news from the City
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News
Media Bites 5 June: Amazon, Ocado, Tesco, Brexit sugar battle
Amazon is to deliver food to another 42 postcodes in the south east of England as its aggressive assault on the online grocery market continues.