All articles by Alec Mattinson – Page 154
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NewsCity snapshot: Safeway brand returns as Morrisons signs McColl’s supply agreement
McColl’s Retail Group has signed a deal with Morrisons to supply grocery goods across its estate under the relaunched Safeway brand.
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NewsDiageo's progress receives enthusiastic reception in the City
For some time Diageo has been wrestling with slowing emerging markets growth
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NewsCity snapshot: Carlyle Cardinal Ireland readies Lily O’Brien’s sale
Irish chocolate firm Lily O’Brien’s has been put up for sale by its owner Carlyle Cardinal Ireland. Plus, consumer confidence falls back to post-Brexit lows, what happened on the market’s ‘Super Thursday’ and all the rest of the latest news from the City.
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NewsMedia Bites 28 July: Diageo, Nestlé, P&G, Boots
The world’s biggest drinks company rewarded investors for their patience during the turnaround of the past four years with a £1.5bn share buyback programme, writes The Times.
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NewsP&G defies US consumer gloom to post fourth quarter organic growth
Consumer goods giant P&G (PG) has shrugged off the malaise over the US consumer goods sector to report 2% organic sales growth in both its fourth quarter and full-year to 30 June. Following weak organic sales updates in recent days from Kimberly-Clark and Johnson & Johnson, P&G ...
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NewsPrice drives 3% second quarter sales growth at Coca-Cola
Increased pricing has driven a 3% underlying rise in second quarter sales at Coca-Cola, though the refranchising of its bottling opperations caused a double-digit headline sales decline.
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NewsCity snapshot: Underlying sales rise at PayPoint despite third quarter volume decline
Group organic revenues are up 4.2% in the third quarter at payments specialist PayPoint despite a 4.5% reduction in volumes. Marston’s beer volumes boosted by warm summer weather, strong US growth boosts Compass Group, Fever-Tree breaks through 2,000p per share and all the rest of the latest news from the City
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NewsMedia Bites 26 July: Unilever, Fever-Tree, McDonalds
Unilever’s sale of its £6bn spreads division looks set to begin in earnest after two of America’s biggest private equity firms teamed up to make an offer.
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NewsCurrency devaluation in Nigeria hits sales at PZ Cussons
Full-year revenues have fallen at household and consumer products manufacturer PZ Cussons as currency devaluation in Nigeria, its largest market, continued to drag, as well as general tough trading conditions across the rest of the world.
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NewsPromise Gluten Free bought by Mayfair Equity Partners
Free-from Irish bakery supplier Promise Gluten Free has sold a majority stake to private equity player Mayfair Equity Partners.
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NewsMcColl's sales jump as Co-op stores start trading
McColl’s Retail Group ’gained momentum’ in the first half as it integrated the acquired 298 Co-op convenience stores and recorded strong sales growth.
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NewsCity snapshot: Reckitt’s first half sales slip amid portfolio transformation
First half like for like sales fell 1% at FTSE 100 consumer goods firm Reckitt Benckiser despite its “significant progress on portfolio transformation”. Plus, Co-op stores deal boosts sales at McColls, Quorn sales rise amid investment, Cranswick like-for-like sales jump and all the rest of the latest news from the City.
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NewsMedia Bites 24 July: Asda/B&M, Quorn, Graze
Asda is exploring a £4.4bn takeover of B&M, the fast-growing discount retailer run by billionaire brothers Simon and Bobby Arora, according to The Sunday Times.
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NewsConviviality shares up as results surpass City expectations
Conviviality’s bold transformation from booze retailer to the UK’s largest alcohol wholesaler is paying off for investors
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NewsHolland & Barrett profits under pressure from supermarkets
Holland & Barrett’s UK retail sales rose 4.6% in the year before its £1.8bn takeover by a Russian billionaire
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Marks & Spencer puzzles analysts with sales fall
The market was left distinctly unimpressed this week by Marks & Spencer’s first quarter organic sales fall
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NewsNoble delays IPO to focus on rebuilding sales and profitability
Happy Egg Co owner Noble Foods has put its mooted IPO on ice as it focuses on regrowing revenues
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NewsM&S trading update: What the analysts say
M&S shares have fallen 4.7% today despite improving trends in general merchandise and grocery and headline sales growth of 2.7%.
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NewsCity snapshot: Marks & Spencer’s first quarter like-for-like sales drop 0.5%
Marks & Spencer has reported a 0.5% fall in first quarter like-for-like sales, as the timing of Easter and improved performance in general merchandise led to an improved overall sales performance. Plus, retail sales rise 1.2% last month amid best food sales since 2012, McBride’s annual sales drop 5.9% and all the rest of the latest news from the City
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NewsMedia Bites 11 July: Premier Foods, Retail sales, Co-op Bank
Premier Foods has been criticised by another investor for “a poor regard for shareholder value” in a further sign of the pressure on the company’s board.