All articles by Alec Mattinson – Page 160
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NewsCity snapshot: Morrisons reports 3.4% first quarter like-for-like sales jump
Morrisons’ like-for-like sales has risen by 3.4% in the 13 weeks to 30 April – its sixth consecutive quarter of like-for-like growth. Plus, Kerry Group confirms full year expectations after solid first quarter, Carlsberg’s revenues up 4% in first quarter, Sainsbury’s shares plunge and all the latest news from the City
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NewsMedia Bites 4 May: P&H, Sainsbury's, M&S
Britain’s biggest tobacco distributor Palmer & Harvery is to be put up for sale just weeks after sealing a financial rescue package
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NewsUK like-for-like sales dip at Pizza Express as casual dining market softens
Pizza Express’ annual group sales were up by 9.8% to £509.7m last year, but its UK and Ireland like-for-like sales fell 0.9% amid a “softening casual dining market”.
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NewsGrocery sales growth hits highest level since 2013
The UK grocery market recorded its best three months of sales since September 2013, according to market share figures from Kantar Worldpanel
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NewsMedia Bites 3 May: Ocado, Brexit, Just Eat, Co-op
Ocado shares jumped by as much as 9% in morning trading yesterday on the back of hopes the online grocer could secure a technology deal with Marks & Spencer.
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NewsCity snapshot: Sainsbury’s profits dip in 'challenging' grocery market
Sainsbury’s underlying profit before tax fell by 1% in the year to 11 March amid a ’competitive and uncertain trading environment’
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NewsProduct recall hits first quarter sales at Altria
Net revenues at Marlboro cigarette maker Altria were held back by a sharp drop sales of non-tobacco products after a product recall in January.
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NewsJust Eat's sales jump 46% in first quarter
The UK’s appetite for takeaway food shows no sign of waning despite concerns over a squeeze on consumer spending as Just Eat reported another 46% jump in first quarter sales
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NewsMedia Bites 2 May: M&S, Sainsbury's Imperial Brands
Marks & Spencer and Ocado are eyeing a surprise tie-up that could result in the high street stalwart finally launching an online grocery delivery service.
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NewsPepsi adapting quicker than Coke, earnings updates reveal
Pepsi beat analyst expectations with a 41% jump in first-quarter net income and a better than forecast 1.6% rise
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NewsCity snapshot: Consumer confidence erodes as general election looms
Four of the five measures used in GFK’s consumer confidence index fell in April, further eroding the overall index ahead of June’s snap general election. Plus Tate & Lyle pins recovery hopes on post-Brexit Britain and all the rest of this morning’s news from the City
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NewsMedia Bites 28 March: M&S, Amazon, Pret a Manger
Marks & Spencer is to launch an online grocery shopping service this autumn as it looks to cash in on the success of its food halls.
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NewsTate & Lyle Sugars blames EU for annual trading loss
Tate & Lyle Sugars is pinning turnaround hopes on a new post-Brexit regulatory approach to sugar imports after blaming the EU for another annual trading loss.
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NewsCity snapshot: Packaging firm DS Smith on target to hit full-year expectations
Packing firm DS Smith is on target to hit full-year expectations after “good” volume growth in its financial year to 30 April. Nivea owner Beiersdorf has has started the 2017 fiscal year with “strong growth momentum”, plus all the rest of the latest news from the City
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NewsMedia Bites 27 April: High street, Airport duty free, Nichols, P&G
Britain’s shops are slashing workers as they try to cut costs in the face of rising prices and falling sales.
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NewsP&G sales down 1% in third quarter amid tough market conditions
P&G has reported a 1% drop in third quarter revenues amid market growth slowdown, geopolitical disruptions and foreign exchange headwinds.
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NewsTiptree profitability dips amid “uncertain” post-Brexit world
The owner of jam and marmalade maker Tiptree has reported a reduction in full-year gross profitability as the post-Brexit rise in input costs hit its margins.
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NewsBottling restructure costs hit Coca-Cola’s first quarter earnings
Coca-Cola’s first quarter earnings dropped by 20% amid a double-digit sales decline and high than expected costs relating to the restructuring of its bottling operations.
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NewsCity snapshot: Double-digit Costa sales rise boosts Whitbread’s annual profits
Annual pre-tax profits were up 6.2% at leisure group Whitbread as 10.7% total growth in its Costa Coffee chain boosted performance - however the shares have plunged as the group undershot City expectations
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NewsMedia Bites 25 April: Whole Foods, M&S, BHS
Albertsons, the US supermarket operator controlled by buyout group Cerberus Capital Management, is exploring a takeover of high-end grocer Whole Foods Market.