All articles by Alec Mattinson – Page 157
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NewsCity News: Majestic Wine slips into the red
Majestic Wine insisted it was “past the tipping point” of its turnaround on Thursday
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NewsLDC declares the end of the “space race” as big four store numbers decline
The Local Data Company has claimed “the great space race is over” as big four store numbers fell last year amidst rising inflation and Brexit uncertainty.
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NewsWeaker 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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NewsMoody’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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NewsCity 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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NewsMedia 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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NewsUK 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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NewsCity 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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NewsMedia 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 & FeaturesWhere 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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NewsGreyHawk 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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NewsMarkets 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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NewsAsda 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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NewsMedia 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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NewsLewis 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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NewsRoberts 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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NewsGusbourne 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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NewsCity 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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NewsMedia 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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NewsIceland range and store improvements deliver 4.4% sales growth
Like-for-like sales were up 2% in the year to 24 March