All articles by Alec Mattinson – Page 158
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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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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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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.
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Sainsbury’s boss Mike Coupe’s pay falls as annual bonus targets are not met
The pay packets of Sainsbury’s senior execs were cut last year after the supermarket paid out no annual bonuses as performance-related targets were not hit.
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99p Stores collapse leaves creditors £8.9m out of pocket
99p Stores was put into administration, in a process affecting 60 previously closed stores, in March
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Lucozade Zero and Highland Spring help boost sales at LRS
In the year to 31 December 2016, the UK subsidiary of Japanese drinks giant Suntory managed to grow sales from £424.9m to
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City snapshot: Mounting inflation drives highest discounter growth since 2015
Mounting food price inflation is driving consumers back into the hands of Lidl and Aldi, according to the latest market share figures
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Media Bites 31 May: Tesco, Booker, Co-op Bank, M&S
Three former Tesco directors charged with fraud are seeking to have the case against them dismissed, arguing that no false accounting took place, while Tesco CEO Dave Lewis is to be called as a witness.
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Yogurt supplier Llaeth Y Llan upgrades dairy to support expansion drive
The Welsh Government has supported the project
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Beechdean buys 50% of fellow ice cream brand Lovingtons
Ice cream brand Beechdean has acquired 50% of West Country dairy ice cream producer Lovingtons.
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City snapshot: Rising food sales boost Applegreen
Petrol forecourt retailer Applegreen has made a “positive” start to 2017
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Media Bites 30 May: Sainsbury's/P&H, Tesco, M&S
Sainsbury’s is exploring a takeover bid for Palmer & Harvey the UK’s biggest tobacco distributor, according to Sky News.
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Eagle Eye to raise £6m for expansion drive
AIM-listed retail technology firm Eagle Eye is to raise £6m to boost its marketing spend and target expansion in Canada and North America.
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Nomad ups earnings expectations after promotion-driven organic sales growth
Birds Eye and Findus owner Nomad Foods has upped its full year earnings expectations after heavy promotions in the UK drove it to a 1.1% rise in organic sales in the first quarter
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Fever-Tree shares net £73m for Charles Rolls
Fever-Tree co-founder and former executive chairman Charles Rolls has netted £73.1m from a share sale this week
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City snapshot: Leisure spend slowdown continues as sales slide at Restaurant Group
More suggestions of a UK consumer slowdown have emerged this morning as Frankie and Benny’s owner Restaurant Group reported a slide in sales at the start of the year
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Media Bites 26 May: Pepsi/Britvic, B&M, Tate & Lyle
PepsiCo has decided to sell up to all of its long-held 4.5% stake in its UK bottler Britvic.
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City snapshot: Organic growth and new stores drive bumper year for B&M
B&M European Value Retail has recorded a double-digit rise in sales and profits driven by increased organic growth and its rapid store roll-out programme
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Media Bites 25 May: M&S, Fever-Tree, Britvic
Investors largely welcomed the signs of progress at Marks & Spencer under new boss Steve Rowe yesterday, but this morning’s headlines do not make pleasant reading for the high street stalwart.
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Fever-Tree co-founder to sell £43.5m of shares
Fever-Tree (FEVR) co-founder and former executive chairman Charles Rolls is seeking to sell 2.5 million shares to institutional investors.