All articles by Alec Mattinson – Page 167
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News
City snapshot: Black Friday fails to halt retail footfall decline
Retail footfall fell 1% during November despite the Black Friday sales event, with high street footfall dropping for its third consecutive month
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News
Media Bites: Asahi/AB InBev, Fyffes, Hotel Chocolat
The Japanese brewing giant Asahi is nearing a £5bn takeover of a portfolio of European beers that includes the Czech lager Pilsner Urquell, after edging ahead in a fiercely competitive bid battle.
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Analysis and Features
Trade impact of Brexit remains a mixed picture
The UK’s trade deficit fell back to £2bn in October compared to £5.8bn in September. So a great success for Brexit Britain? Not so fast.
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Analysis and Features
Deflation eases back to its lowest in nearly two years
Supermarket price deflation has eased back to its lowest level in almost two years
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News
City snapshot: Ocado sales growth slows in fourth quarter
Ocado has announced a 13.1% rise in gross retail sales in the fourth quarter, which represents a slowdown on its annual growth of 13.6%
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News
Media Bites 8 Dec: Dalton Philips, Food advertising, Camden Town Brewery
Dalton Philips, the former boss of supermarket chain Morrisons, is to return to the British high street in a leading role at one of Britain’s fastest-growing casual dining groups.
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News
Real Good Food shares plunge after commodities price warning
Shares in Liverpool-based food group Real Good Food dropped 5,2% after it warned increased raw material and commodity costs could hit future earnings.
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News
JBS commits again to US float of international business
Brazilian meat giant JBS has announced a second plan to list its international division in the US after its first scheme, which included moving the division to Ireland, was scrapped.
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News
City snapshot: Food drives November retail sales rise as Black Friday falls flat
UK retail sales were up 0.6% like-for-like in November, driven by a strong rise in total food sales as Black Friday failed to boost general merchandise sales. Plus the rest of this morning’s news from the City
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News
Media Bites 6 Dec: Fortnum & Mason, Retail sales, M&S, BAT
Fortnum & Mason has said sales of its monogrammed hampers have risen by 20% this Christmas despite fierce competition from a cheaper rival.
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News
Brewdog launches new £10m Crowdfunding bond pitch
Craft brewer BrewDog has launched another crowdfunding pitch to raise up to £10m and help fund its continued global expansion.
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News
Ferrero completes deal for Belgian biscuit brand Delacre
Italian confectionery giant Ferrero has announced the completion of its deal to buy Belgian luxury biscuit brand Delacre from UK-based Pladis.
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News
City snapshot: Chaucer Food Group bought in $120m Japanese deal
Chaucer is the latest UK-headquartered food group to be snapped up by a foreign buyer in a deal worth more than $120m (£95.4m), The Grocer can reveal. Plus, FTSE 100 fmcg stocks hit by the pound’s recovery and all the rest of today’s news from the City.
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News
Media Bites 2 Dec: Pack sizes, Christmas spending, Currencies, M&S
Food groups are increasingly turning to ‘shrinkflation’ to cope with rising costs, according to The Financial Times as suppliers change package sizes to maintain margins.
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News
New stores drive full year sales growth at McColl's
Convenience store and newsagent chain McColl’s Retail Group (MCLS) has announced a 1.7% rise in fourth quarter sales driven by new stores and food and wine conversions
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News
Media Bites 1 Dec: Plain packaging, Petrol prices, Camelot, Greene King
Big Tobacco is considering a last-ditch attempt to halt the introduction of plain packaging in Britain after its latest legal challenge was thrown out yesterday, writes The Times (£).
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News
Dr Pepper Snapple swoops for $1.7bn health drinks group
Dr Pepper Snapple Group has announced it has agreed to buy US health drinks group Bai Brands for $1.7bn ($1.37bn).
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News
North America boosts annual results for Compass Group
FTSE 100 catering giant Compass Group has reported to 5% boost to annual organic revenues. Plus all the rest of today’s news from the City …
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News
Media Bites 22 Nov: Truck drivers, Exports, TPP, Theresa May
Christmas deliveries in the UK could be hampered by a shortage of lorry drivers as the potential pool of workers shrunk to its lowest level since records began in 2005, writes the FT.
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News
Industry groups hit out over curbs on business rates appeals
A collection of retail and leisure business groups have called on the UK government to rethink proposals that limit firms appealing that their categorisation of business rates is too high.