All articles by Alec Mattinson – Page 165
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NewsMedia Bites 3 March: Asda, AB InBev, Nichols
Asda is imposing harsher payment terms on its clothing suppliers as it attempts to turn the business around.
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NewsPost leading race for Weetabix, as former bidders end interest
The Grocer understands bid interest from other previously active suitors has ended…
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NewsCity snapshot: AB InBev's growth slows in fourth quarter
Anheuser-Busch InBev has reported revenues growth of 2.4% in 2016, but sales growth slowed to just 0.2% in the fourth quarter
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NewsMedia Bites 2 March: PespiCo, Boots, Greggs, Premier Foods
“British workers pay price as US firms cut 2,000 jobs” is the lead business headline in The Times this morning as PepsiCo and Boots both announced job cuts.
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NewsYoung’s Seafood on track over Christmas despite “exceptional challenges”
Young’s Seafood CEO Bill Showalter said the frozen fish producer has overcome “exceptional challenges” in the run-up to Christmas to remain on track to hit earnings targets.
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NewsCity snapshot: Greggs to cut manufacturing jobs as cost pressures mount
Greggs has reported another solid rise in annual sales and profitability, but has announced it will reduce its manufacturing staff base. Plus all the latest news from the City
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NewsMedia Bites 28 Feb: Tesco, ABF, B&M
Tesco is demoting 1,600 managers at its convenience stores and cutting their pay.
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NewsMcColl’s vows to continue convenience acquisitions as store numbers break 1,000
McColl’s plans to continue its acquisitive push in the convenience grocery sector, despite having only received regulatory approval for its buyout of almost 300 Co-op stores in the weeks before Christmas.
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NewsCity snapshot: Restructuring hits Adelie’s bottom line
Adelie Foods has new owners, after a torrid first 18 months of trading saw private equity firm HIG Capital exit the group after making a £15m opperating loss last year. Plus, Lily’s Kitchen, Unilever/Kraft Heinz and all the latest news from the City.
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NewsMedia Bites 24 Feb: Business rates, British American Tobacco, John Lewis
The government is under growing pressure to overhaul the business rates system rather than just offer help for small firms affected by the revaluation of properties.
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Analysis & FeaturesWill Warren Buffett and his Kraft-Heinz mob be back?
The £115bn bid for Unilever has been called off, but it’s sent shockwaves through the fmcg sector
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NewsCity snapshot: British American Tobacco hails 'exceptionally good' full-year results
British American Tobacco has reported “an exceptionally good performance” in 2016 as it grew revenues, underlying profits and outperformed the industry on tobacco volumes. Plus full-year results from Henkel, Unilever pledges to boost earnings and all the rest of the latest news from the City.
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NewsMedia Bites 23 Feb: Unilever, Fox's Biscuits, Hotel Chocolat
“Unilever forced to review strategy after aborted Kraft bid” is the lead business story in The Times (£) this morning.
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NewsBranded growth boosts profits at Arla
Global dairy giant Arla has boosted its bottom line through higher sales of branded goods despite the slump in milk prices hitting annual sales.
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NewsCity snapshot: Kraft Heinz ditches £115bn Unilever bid
Unilever shares have fallen back this morning after the announcement last night that Kraft Heinz has walked away from its shock £115bn bid for the group
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NewsMedia Bites 20 Feb: Kraft Heinz/Unilever, Amazon, Business rates
Inevitably the surprise ending of Kraft Heinz’s pursuit of Unilever gets plenty of column inches this morning.
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Analysis & FeaturesUnilever board speaks for many with rejection of Kraft Heinz overtures
Unilever’s strongly worded rejection of Kraft Heinz’s £115bn approach today did not sound like the words of a board about to roll over and accept a slightly higher offer.
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NewsKraft Heinz makes £115bn mega-merger proposal to Unilever
Kraft Heinz has announced it has made a “comprehensive” proposal to Unilever to combine the two groups, which the UK-listed firm has firmly rejected
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NewsCity snapshot: Symington’s slumps to £6.1m annual loss
Symington’s has slumped to a loss as a raft of delisting for the Chicken Tonight and Ragu brands led the ambient food manufacturer to restructure the group
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NewsMedia Bites 17 Feb: Morrisons, Punch Taverns, Argos, Nestlé
Morrisons is aiming to recruit 200 more British suppliers after a report commissioned by the supermarket found that only just over half the food eaten in the UK comes from local sources