All articles by Alec Mattinson – Page 161
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NewsUK retail sales slump as inflation bites
UK retail sales volumes slumped by 1.8% compared to February amid rapidly rising prices as quarterly sales volumes fell by their highest amount for seven years..
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NewsDanone upgrades earnings expectations despite slow first quarter sales
French dairy giant Danone has upgraded its 2017 earnings guidance despite reporting “slow sales” in the first quarter
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Analysis & FeaturesPost's purchase of Weetabix shows faith in post-Brexit Britain
Weetabix is still a fundamentally British company not an international company based in Britain
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NewsCity snapshot: Reckitt on track to hit growth target despite flat first quarter
Reckitt Benckiser has reported flat like-for-like revenues in the first quarter but favourable currency rates boosted reported sales by 15%. Plus, Danone upgrades its 2017 earnings guidance and all the rest of this morning’s news from the City.
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NewsMedia Bites 21 April: Unilever, M&S, Diageo
Unilever is eyeing a break-up of its margarines business to get the best price in an auction that could kick off as early as June.
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NewsPost backs British growth potential for Weetabix stable
US cereal group Post Holdings has placed a £1.4bn bet on the post-Brexit opportunities for Weetabix
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NewsCity snapshot: Price increases drive Unilever underlying sales growth of 2.9%
Unilever has posted underlying sales growth of 2.9% in its first quarter, entirely driven by price increases as sales volumes edged down. Plus LDC confirms backing of Addo Food Group buyout, quarterly results from Nestle and Pernod Ricard and all the latest news from the City.
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NewsMedia Bites 20 April: ABF, Tesco, Rémy Cointreau
Associated British Foods has put together a full-time team to work out what impact leaving the European Union will have on Britain’s biggest producer of beet sugar.
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NewsPost Holdings seals £1.4bn Weetabix deal
US cereal group Post Holdings has announced it has secured a £1.4bn buyout of Weetabix from its former Chinese owners.
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NewsPost Holdings announces £1.4bn Weetabix deal
Weetabix has been bought by US listed cereal manufacturer Post Holdings – as forecast by The Grocer - for US$1.76bn (£1.4bn)
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NewsMedia Bites 18 April: Tesco/Booker, Weetabix, Bernard Matthews
The boss of Bestway has raised fresh doubts about Tesco’s £3.7bn merger with Booker by highlighting that the latter’s corner shop owners are obligated to buy two thirds of their produce from the wholesaler.
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NewsTesco continues turnaround journey but the City proves hard to please
Analysts hailed Tesco’s turnaround under the leadership of Dave Lewis on Thursday
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NewsLaila's Fine Foods expands workforce as sales soar 45%
Fast-growing ready meals supplier Laila’s Fine Foods has posted another year of stellar sales growth
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NewsCity snapshot: LDC poised for £100m Addo deal
Private equity house LDC is closing in on a takeover of Vision-owned pork pie supplier Addo Food Group worth over £100m. Plus, Saucy Fish Co owner Icelandic Seachill prepares for sale, PZ Cussons on target to hit full-year targets and all the rest of the latest news from the City.
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NewsMedia Bites 13 April: Tesco, WH Smith, Lidl
“Tesco puts (much of) its past behind it” is the headline in The Times (£) this morning as the papers absorbed Tesco’s first UK sales growth for six years and a plunge in its share price.
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Analysis & FeaturesUnilever's new strategic plan: the main nuts and bolt-ons
The Grocer picks out six essential indicators of the way ahead
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NewsMedia Bites 12 April: Pensions regulator, Asda, Majestic Wine
The UK’s pensions lifeboat has helped to block the sale of a packaging company after a prospective buyer drew up plans to dump its retirement scheme obligations
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NewsCity snapshot: Tesco posts first full-year UK sales rise for seven years
Tesco has posted its first full-year like-for-like UK sales growth since 2009/2010 as the supermarket’s recovery under CEO Dave Lewis continues to gather pace
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NewsOscar Mayer acquired by German PE house
UK ready meals supplier Oscar Mayer has been bought by German private equity player Deutsche Beteiligungs (DBAG) as it seeks to build a new European food group.
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NewsRising food prices could boost the discounters
Aldi and Lidl have been tipped to benefit from escalating grocery inflation after inflation remained at 2.3% last month despite rising prices for food, alcohol and tobacco.