All articles by Alec Mattinson – Page 160
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Science in Sport makes gains in supermarket sector
Sports nutrition specialist Science in Sport grew its UK grocery sales by 25% last year as the category receives more shelf space in the traditional supermarkets.
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Fever-Tree to take on Coke in US dark spirits battle
Premium mixer brand Fever-Tree is targeting winning market share from the North American soft drinks giants as it looks to build the US into its largest market.
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2 Sisters blames rising input prices for £2.5m loss
2 Sisters slipped back into loss in the second quarter as rising input prices slashed margins at the UK food giant
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City snapshot: Higher input prices hit profits at 2 Sisters
2 Sisters Food Group owner Boparan has reported a £2.5m loss in the second quarter to 28 January despite a rise in like-for-like sales
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Media Bites 23 March: Consumer confidence, UK retail, Tesco/Heineken
Rising inflation has sent household confidence into a decline that threatens to drag down the economy, separate surveys have warned.
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Apetito to boost manufacturing capacity with £31m investment
Wiltshire Farm Foods owner Apetito is to create 40 new jobs and grow its manufacturing footprint with a £31m investment in its Trowbridge, Wiltshire base.
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Sterling slump causes 14% drop in Coca-Cola European Partners' British sales
The recently formed Coca-Cola European Partners saw sales in Great Britain slide by 14% once translated into euros in 2016 as the collapse in the value of the pound hit reported revenues
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UK food prices return to inflation according to official statistics
The price of UK food and non-alcoholic drinks rose 0.3% in February after 31 consecutive months of decline, according to the Office of National Statistics.
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Hilltop Honey eyes expansion with £385k funding package
Welsh raw honey supplier Hilltop Honey has invested in a new manufacturing site and equipment to fuel growth after securing a £385k funding package.
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City snapshot: Five shops a day close in 2016 but trends improve post-Brexit
The equivalent of five shops a day closed on Britain’s high streets last year with a net loss of 1,650 shop during 2016, according to LDC
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Media Bites 20 March: Unilever, Takeover rules, Food labelling, Brazilian meat
Unilever is preparing a £6bn sale of brands including Flora and Stork as part of its response to the ill-fated takeover bid from Kraft Heinz.
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Manufacturing investment helps Sykes Seafoods post 9% annual sales rise
Manchester-based Sykes Seafoods has grown annual sales and profits after investment in its manufacturing base and a concentration on higher margin products.
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Supermarket shorting on the rise despite retailer recoveries
Short trading in supermarket shares is picking up as worries mount over listed grocers coping with rising food prices
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Sainsbury's like-for-like decline is propped up by Argos
Like-for-like sales fell 0.5% at the supermarket in its fourth quarter
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City snapshot: CapVest set to swoop for pork group Karro
Private equity house CapVest is understood to be close to sealing a deal to buyout UK pork processor Karro Food Group from Endless private equity house and management.
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Media Bites 17 March: Sainsbury's, Food inflation, Unilever
“Sainsbury’s saved again by its ‘guardian angel’ Argos” is the headline in The Times (£) this morning as the supermarket’s acquisition of Argos mitigated otherwise lacklustre results.
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Efficiencies and weak pound boost earnings at Moy Park
Northern Irish poultry producer Moy Park has reported a four-fold increase in pre-tax profit despite the “economic turbulence” and “uncertainty” resulting from Brexit.
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City snapshot: Unilever CEO calls for shake-up of UK takeover rules
Unilever boss Paul Polman has called on the Government to tighten up UK takeover rules after the Anglo-Dutch Marmite producer successfully saw off a £115bn bid approach from Kraft Heinz last month. Plus retail shares suffer and all the rest of the latest news from the City
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Media Bites 15 March: Unilever, UK takeover rules, Ocado
Unilever is considering returning cash to shareholders, making medium-sized acquisitions and more aggressive cost cuts as part of a sweeping review, the results of which it will announce next month.
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Bowman Ingredients secures funding for UK's first dedicated gluten-free plant
Hertfordshire-based food coatings supplier Bowman Ingredients has opened the UK’s first dedicated gluten-free manufacturing site after securing a £6m funding package from HSBC.