All articles by Alec Mattinson – Page 163
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NewsMedia Bites 27 March: Tesco, EU food trade, Booths
Tesco is in advanced talks about a deal with prosecutors that would involve it paying a huge fine over the 2014 financial reporting scandal that saw it exaggerate its profits by more than £300m.
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Analysis & Features'Sprexit' is not enough to satiate demanding Unilever investors
Reports that Unilever is preparing to sell off its spreads business make sense as the group looks to return cash to shareholders, but ‘Sprexit’ alone won’t be enough to satisfy its increasingly demanding investors.
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NewsScience 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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NewsFever-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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News2 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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NewsCity 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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NewsMedia 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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NewsApetito 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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NewsSterling 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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NewsUK 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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NewsHilltop 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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NewsCity 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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NewsMedia 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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NewsManufacturing 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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NewsSupermarket 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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NewsSainsbury'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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NewsCity 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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NewsMedia 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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NewsEfficiencies 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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NewsCity 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