All articles by Alec Mattinson – Page 167
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NewsAunt Bessie's and Abel & Cole owner posts 14.2% sales rise
Profits at William Jackson were hit however by £4m of restructuring costs
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NewsCity snapshot: Unilever's sales growth slows in "challenging" fourth quarter
Unilever has posted full-year underlying sales growth of 3.7% and a rise in profitability, although growth slowed significantly in the fourth quarter
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NewsMedia Bites 26 Jan: WH Smith, Scotch whisky, UK manufacturing
WH Smith is the main talking point in the papers this morning, with most highlighting how the boom in adult parody books and how that has given a boost to the retailer.
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NewsOrnua buys Cheshire-based cheese firm F. J. Need
Irish dairy group Ornua has agreed to buy Cheshire-based cheese ingredients firm F.J Need for an undisclosed sum.
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NewsCity snapshot: WH Smith upgrades profit expectations amid strong travels sales
WH Smith has upgraded its earnings forecast after reporting a 1% rise in like-for-like sales for the 21 weeks to 21 January as strong travel sales made up for the a downturn in high street
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NewsMedia Bites 25 Jan: Tesco faces fresh accounting lawsuit
“Tesco faces fresh lawsuit over past accounting irregularities”, writes The Financial Times after discovering the supermarket this month filed defence against separate legal case over the 2014 scandal.
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News‘Record cost savings’ boost annual profits at Kimberly Clark
Deep cost savings helped boost annual profits at US consumer goods giant Kimberley Clark, despite headline sales falling due to the strength of the dollar.
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NewsB&M issues £250m bond to support growth plans
The owner of the B&M Bargains retail chain is issuing £250m on bonds to refinance existing debt and boost its future growth plans.
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NewsSales and profits up at ready meals supplier Oscar Mayer
Own label ready meals supplier Oscar Mayer grew sales by over 5% last year as strong demand from key customers helped negate the “challenging marketplace” in UK grocery.
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NewsCity snapshot: Boparan receives mystery £350m approach for Fox's Biscuits
2 Sisters owner Boparan Holdings has received a takeover approach for its Fox’s Biscuits business from an unnamed suitor, valuing the division at around £350m. Plus all the rest of this morning’s news from the City
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NewsMedia Bites: Weetabix, Premier Foods, Fox's Biscuits, Unilever
The runners and riders are lining up for the potential auction of Weatabix, with a host of names linked to a £1.5bn buyout of the cereal maker over the weekend.
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NewsPremier Foods investor urges sale as profits fall short
Concerns surrounding Premier Foods’ “ability to recover from its long-standing ‘zombie’ status”
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NewsPremier hit by fall in multibuys as higher costs squeeze margins
A reduction in supermarket multibuys and own-label growth has wiped out branded sales growth, Premier Foods has claimed
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NewsCity snapshot: Heineken in talks to buy Kirin’s Brazilian beer business
Dutch brewing giant Heineken has confirmed this morning it is currently is talks with Kirin over a possible deal for its Brazilian beer business. Plus Crowdcube posts record year of food crowdfunding deals and all the rest of the latest news from the City.
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NewsMedia Bites 20 Jan: M&S, Finsbury Food, Carrefour
“M&S ambitions to regain clothing crown dented by global rivals”, writes the Financial Times (£).
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NewsCity snapshot: Finsbury Food Group warns it must recover rising costs
Finsbury Food Group has said “further cost recovery” will be required in the second half after flat first half sales
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NewsMedia Bites 19 Jan: Premier Foods, Mondelez, BHS
US hedge fund Paulson & Co, until recently Premier Foods’ second-biggest investor, has launched a blistering attack on the company after it blamed commodity prices and a weak pound for a profit warning that sent its shares tumbling.
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NewsHotel Chocolat ends 2016 with strong festive sales
Hotel Chocolat jumped by 16.2% in the 13 weeks to 25 December as more customers spent more money in-store and online.
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NewsFood price rises help Inflation jump to 1.6% in December
UK Inflation, as measured by the Consumer Prices Index, has risen by 1.6% in the year to December 2016, rising from 1.2% in the year to November.
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NewsFyffes shareholders approve Sumitomo buyout
Fyffes shareholders have overwhelmingly approved the €751m takeover bid from Japanese food group Sumitomo Corporation.