All articles by Alec Mattinson – Page 169
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NewsDeflation hits UK sales at Princes but profits rise
Annual sales fell at UK food and drink firm Princes as the widespread supermarket price deflation hit revenues, but lower input costs helped profits to grow.
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NewsCoca-Cola pays $3.3bn for AB InBev’s stake in Coca-Cola Beverage Africa
The Coca-Cola Company has announced it has struck a deal to acquire the 54.5% stake in Coca-Cola Beverages African from AB InBev.
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NewsCity snapshot: Bright Food reported to be readying Weetabix exit
China’s Bright Food has reportedly hired investment bank Goldman Sachs to sell UK-based breakfast cereal firm Weetabix. Plus, all the rest of today’s news from the City
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NewsMedia Bites 21 Dec: Pensions, Weetabix, CBI
Employers should be threatened with huge fines to prevent a repeat of the BHS debacle in which Sir Philip Green walked away from pension promises to 20,000 former workers, MPs say.
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NewsNew Zealand lamb importer warns of Brexit impact
One of the UK’s biggest importers of New Zealand lamb has warned it faces lower profit margins amid a tightening of supply after this year’s vote to leave the EU.
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NewsCity snapshot: McColl’s deal to buy 298 Co-op stores receives final CMA approval
McColl’s has received final and unconditional approval for its deal to buy 298 Co-op convenience stores struck in July 2016. Plus Dale Farm moves back to profit, Lion Capital buys up stake in UK cafe chain and all the rest of today’s news from the City.
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NewsMedia Bites 20 Dec: Weetabix, Danone, Amazon
Workers at cereal company Weetabix are to go on strike in the new year after voting for action in a row over shift patterns.
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NewsDale Farm back in profit despite sales fall
Belfast-based dairy firm Dale Farm moved back into annual pre-tax profit last year despite a 5.1% fall in annual sales.
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NewsUK firms to shrug off Brexit with 2017 recruitment drive
More than two out of five UK companies expect to hire more people next year despite concerns over the long-term impact of Brexit, according to the CBI/Pertemps. Plus all the rest of the news from the City in the run-up to Christmas.
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NewsMedia Bites 19 Dec: Lidl, Tesco, British American Tobacco, Christmas shopping
Lidl is to create 5,000 jobs in London and invest £70m in a new UK headquarters in the capital as the German supermarket reaffirms its commitment to Britain following Brexit, writes The Telegraph.
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NewsCity News: Market worries over Tesco sales slowdown
Tesco once more looked like the clear winner amongst the big four from this week’s grocery market share data, but the City had other ideas.
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NewsUnilever acquires haircare business Living Proof
Unilever has announced it has agreed to acquire science-based haircare business Living Proof for an undisclosed sum.
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NewsProfits plunge at Tesco data arm Dunnhumby
Operating profits dropped by more than 80% at Tesco data arm Dunnhumby in the year that the supermarket failed to strike a deal to sell-off the business.
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Analysis & FeaturesAircare the only winner in household
Perhaps nowhere has the rise of the discounter stunted value growth more than in the household goods sector
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Analysis & FeaturesOral care all white as sales surge by £7m
At last – reason to smile in the struggling personal care sector!…
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Analysis & FeaturesMen fork out £5m less on grooming
The decline of metrosexual man and rise of the bearded hipster has intensified pressure
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Analysis & FeaturesBad hair year as haircare slumps £23m
You’d think British locks are losing their lustre. Sales of shampoo, conditioners and styling products have fallen £23.3m
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NewsCity snapshot: PZ Cussons remains confident despite Nigerian currency woes
PZ Cussons says its first half is in line with expectations despite a 40% currency devaluation in its key Nigerian market
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NewsMedia Bites 15 Dec: Heineken, Argos, Amazon
The news that Dutch brewing giant Heineken could drastically increase its presence in the UK pub sector by buying up Punch Taverns is heavily covered in this morning’s papers.
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NewsOwn-label pizza supplier Stateside reports year of growth
Own-label pizza specialist Stateside Foods has grown full-year sales and profits as cost controls and easing commodity prices boosted its performance.