All articles by Alec Mattinson – Page 17
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Mighty Slice backed by footballer Reece James ahead of first national listing
High protein dessert brand Mighty Slice has received backing from England and Chelsea footballer Reece James as it prepares for its first nationwide supermarket listing
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Virtue Drinks lands £1.2m in funding to push global growth
Natural energy drinks brand Virtue Drinks has raised £1.2m to underpin a major brand refresh and accelerate global growth
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Burts boosts sales with brand relaunch
A brand relaunch and investment in capacity helped premium snacking player Burts grow sales and profits last year ahead of its sale to Europe Snacks
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City news: Premier Foods impresses with bumper growth in half year results
Premier Foods shares were on the up again on Thursday as it upgraded profit expectations after maintaining bumper growth in its second quarter
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City snapshot: UK retail sales volumes fall to lowest level since Covid pandemic
UK retail sales volumes have fallen to their lowest level since the depths of the Covid pandemic as wet weather and the cost of living crisis supressed shopping activity
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Media Bites 17 November: Hotel Chocolat/Mars, Premier Foods, Carlsberg
The papers react to Mars buying UK chocolate business Hotel Chocolat for £534m
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Hotel Chocolat sold to Mars to enable global expansion
Premium confectioner Hotel Chocolat has agreed a £534m sale to US giant Mars after conceding it was unable to accelerate international growth even as a publicly listed company
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City snapshot: Hotel Chocolat agrees £534m sale to Mars
Hotel Chocolat has agreed a £534m sale to confectionery giant Mars as its current share price does not reflect the “value and potential” of the group. Plus Premier Foods upgrades guidance following strong first half growth.
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Media Bites 16 November: Ocado, Iceland, food price inflation
The rollercoaster ride at Ocado showed little sign of slowing after the online supermarket landed a deal to sell its warehouse robotic technology
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City snapshot: UK inflation eases to 4.7% as food price growth eases
UK inflation fell significantly in October as energy prices and food inflation eased, with headline inflation dropping to 4.7% from 6.3%
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Media Bites 15 November: Selfridges, Asda, The Body Shop
A Thai company is set to take control of Selfridges in a debt-for-equity swap that dilutes the stake of its struggling co-owner
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City snapshot: Supermarket volumes stabilise as inflation slows and promotions increase
UK supermarket sales grew by 8.7% last month, according to new data from NIQ, as sales volumes stabilised amid slowing inflation and increased promotions
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Media Bites 14 November: Wage growth, retail workers, delivery apps
Pay growth has outstripped inflation by the most for two years, in a further sign that the squeeze on living costs may be starting to ease
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City snapshot: UK retail theft to cost £7.9bn in 2023
New research published this morning has forecast that the value of retail theft will reach £7.9bn this year amid an increased targeting of the industry
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Media Bites 13 November: Diageo, business rates, Retail crime
The world’s biggest spirits-maker has warned that it is struggling to shift its high-end whiskies in Latin America and the Caribbean
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City News: Marks & Spencer hails massive growth but keeps forecast cautious
Marks & Spencer “blew the bloody doors off” with its first half results, enthused one analyst, but the strong outperformance didn’t lead to upgraded forecasts
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Tetley owner profits hit by soaring costs
The group delivered a 7% rise in annual revenues to £140.5m in the year to 31 March 2023, with growth across its key markets of the UK, Canada and Australia
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International growth boosts sales but hits Butternut Box profits
Fast-growing fresh online dogfood operator Butternut Box almost doubled sales last year thanks to international expansion, but losses reached almost £25m as it continued to plough cash into growth
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City snapshot: Diageo warns over Latin America and Caribbean slowdown
Diageo has issued an unscheduled trading update, warning of weaker than expected performance in its Latin America and Caribbean business
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Media Bites 10 November: Booths, fuel prices, WH Smith
Booths has become the first in the UK to go back to fully-staffed checkouts, axing almost all its self-service tills