All articles by Alec Mattinson – Page 162
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NewsReckitt Benckiser to 'explore all options' with food sell-off
Selling off food assets seems to be all the rage these days
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NewsCity snapshot: Supermarket prices rise 1.4% in March
Supermarket inflation jumped 0.9 percentage points to 1.4% in March - the highest level of grocery inflation since Christmas 2013.
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NewsMedia Bites 7 April: Unilever, Co-op, Mothercare
“Unilever shake-up wins over investors” is the headline in both The Financial Times and The Times this morning as the City broadly welcomed the raft of measures to accelerate returns for Unilever shareholders.
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NewsUnilever confirms it is to sell off spreads division
Unilever’s announced a strategic review of its business in the wake of the failed Kraft Heinz bid
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NewsInflation reaches its highest level since Christmas 2013
The Grocer Price Index shows annual inflation for the month to 1 April standing at 1.4%
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NewsMedia Bites 6 April: Tesco, Boots, Panera Bread
As many as 3,000 jobs could be at risk as Tesco embarks on its latest mission to cut costs by slashing the number of hours its stores are open.
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NewsUnilever to sell spreads, combine food and drink and increase investor returns
Unilever has announced the results of its strategic review this morning, confirming its intention to sell its spreads division as well as combined food and drink into one business, simplify its structure, launch a share buyback programme and increase dividends. Plus all the latest news from the City
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NewsTayto buys vending machine firm Freedom Refreshments
Northern Irish crisp manufacturer Tayto Group has acquired Leeds-based vending machine company Freedom Refreshments in a “multi-million pound” deal.
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NewsMedia Bites 4 April: Reckitt Benckiser, Tesco/Booker, Amazon
Reckitt Benckiser’s decision to explore the sale of its food business could pave the way for an eventual sale of its homecare brands as the group sharpens its pivot towards consumer healthcare.
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NewsCity snapshot: Late Easter holds back supermarket sales
The latest grocery market share figures released this morning shows the late Easter this year has held back supermarket sales as food inflation continues to rise.
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Analysis & FeaturesWhy Reckitt Benckiser's food sell-off is part of a longer strategic game
Fresh on the heels of Unilever’s reported plan to sell its problematic spreads division, Reckitt Benckiser has confirmed it is exploring the sale of its own food division
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NewsYoplait sales fall as yoghurt lovers exit traditional formats
Yoplait blamed “category slowdown” and changes to promotional strategies and market dynamics for the sales drop
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NewsReckitt cuts CEO Rakesh Kapoor’s pay by £14m after South Korea scandal
Reckitt Benckiser has cut CEO Rakesh Kapoor’s annual pay by £14m and paid him no annual bonus due to the fallout from its consumer safety scandal in South Korea.
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News'Abandon Tesco-Booker deal' plea falls on deaf ears
Tesco CEO Dave Lewis claimed most major shareholders remained supportive of the deal
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NewsCity snapshot: Booker’s non-tobacco like for likes up 4.7% in fourth quarter
Booker Group has a reported a strong end to the year, with non-tobacco group like-for-like sales up 4.7% in the fourth quarter ahead of its £3.7bn buyout by Tesco
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NewsMedia Bites 30 March: Sugar, Post-Brexit food prices, Poundland
The size of chocolate bars and packs of sweets in the UK is set to get smaller if manufacturers are to meet government-set targets to cut sugar by 20%, according to a report published today.
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Analysis & FeaturesEdgy shareholders won’t scupper Tesco-Booker deal – but they can make it difficult
Two high profile investors have written to the firm to try and block the deal, although the threat is miniscule, the supermarket giant could do without their intervention
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NewsCity snapshot: Tesco fined £129m for profit overstatement scandal
Tesco (TSCO) has announced this morning it has agreed with the UK Serious Fraud Office to pay a £129m fine to avoid prosecution for its 2014 accounting scandal
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NewsMedia Bites 28 March: Tesco investors warn against Booker deal
“Call off Booker takeover, Tesco investors demand” is the main business headline in The Times (£) this morning on reports that two major Tesco shareholders have warned against pursuing the £3.7bn deal.
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NewsABF buys two sports nutrition companies
Associated British Foods has acquired two UK-based sports nutrition businesses documents at posted at Companies House have revealed. Plus Conviviality’s Diana Hunter takes non-exec roll at investment fund and all the rest of the latest news from the City.