All articles by Alec Mattinson – Page 173
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NewsCity snapshot: Tesco leads the big four as grocery sales rise
Tesco experienced its best year-on-year sales figures for over three years, according to Nielsen market share data released today
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NewsProfits rise at Asda-owned IPL as it secures lowers prices
Asda’s direct sourcing arm International Procurement and Logistics saw a near 23% jump in pre-tax profits last year as it made procurement savings for the WalMart-owned supermarket.
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NewsCity snapshot: Consumer confidence surges to five-year high
UK consumers have shrugged off post-referendum pessimism, with confidence rising to a five-year high. Plus all the rest of this morning’s news from the City …
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NewsMedia Bites: Food price inflation, Tesco workers, Mondelez
Store giants apply ‘unfair’ cost squeeze on suppliers, is the lead story in The Times (£) this morning.
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NewsWeetabix faces tough trading as private label sales plummet
Globally, Weetabix’s sales slipped 1.3% to £432.8m in the year to 2 January 2016
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NewsCity snapshot: Burton's looks to counter 9% annual sales slide
Wagon Wheels manufacturer Burton’s Biscuits undertook a radical shake-up of its business after another year of declining sales, while Unilever and Tesco solve Marmite spat …
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NewsMedia Bites 14 Oct: Unilever/Tesco, WH Smith
The price spat between Unilever and Tesco, which has seen stocks of Marmite running low at the UK’s biggest supermarket, is still capturing the imagination of the papers.
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NewsBurton's Biscuits shakeup to address a further decline in sales
Burton’s is under new leadership and has shed its Cadbury biscuits licence as sales fell from £315.4m in 2014 to £287.4m in the year to 3 January 2015.
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NewsCity Snaphot: BRC/KPMG record best quarter for food retail since 2013
Total food sales rose 1.6% in the three months to 1 October, according to the September BRC/KPMG Retail Sales Monitor …
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NewsMedia Bites 11 Oct: Morrisons, UK retail sales, Consumer spending
Morrisons briefly overtook J Sainsbury yesterday to become Britain’s second-biggest supermarket chain by stock market value.
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Analysis & FeaturesNew launches drive UK sales and profits improvements at Lindt & Sprüngli
Swiss chocolate giant Lindt & Sprüngli recorded double-digit sales and profit growth in the UK last year thanks to “significant” growth of its Lindor and Excellence product lines.
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NewsCity Snapshot: BRC warns on impact of Brexit import tariffs
The chairman of the British Retail Consortium has written to the government stressing the organisations concerns over post-Brexit import tariffs …
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NewsMedia Bites 10 Oct: Online grocery, Bernard Matthews, SABMiller/AB InBev
The soaring popularity of grocery delivery has left a £500m black hole in the profits of Britain’s biggest supermarkets which will worsen as more shoppers use the service.
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Analysis & FeaturesCould Tesco's pension deficit derail its impressive recovery?
Tesco revealed its pension deficit ballooned an eye-watering £3.2bn to £5.9bn in the first half, but what does it mean for the turnaround at the supermarket?
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NewsMars Chocolate back in growth despite top brands' struggles
Mars Chocolate UK returned to top line growth last year as total sales grew 2.9% despite pressure on some of its key brands. Plus globally, Mars merges Wrigley with its chocolate business.
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Analysis & FeaturesInflation is back (already) - and it's in ambient grocery
Dry grocery prices at Tesco rose 3.6% in the month to 1 October
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NewsNetto loss hit £40m in year before JS and Dansk decided to pull plug
Annual pre-tax losses reached almost £40m at Netto in the financial year before Sainsbury’s and Dansk pulled the plug
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NewsTesco shares hit 14-month high as City backs trading progress
Tesco shares rose almost 10% yesterday to reach their highest point since August 2015 after strong half year results showed Dave Lewis’ turnaround plan is on track.
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NewsMedia Bites 6 October: Tesco, Euro Garages, AG Barr
“Tesco crisis is over as profits and sales jump” is the headline in The Times (£) this morning.
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NewsKrispy Kreme UK bought by US parent
Krispy Kreme in the US has announced 100% of its shares have been sold to US-based brand owner company Krispy Kreme Group.