All articles by Alec Mattinson – Page 174
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NewsCity snapshot: Greggs’ third quarter sales up 5.6%
Third quarter sales at bakery food to go chain Greggs (GRG) rose 5.6%, though its rate of like for like growth slowed during the 13 weeks to 1 October. Plus, the FTSE bursts through the 7,000pts mark as the pound falls to mid-1980s levels and all the rest of today’s news from the City.
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NewsMedia Bites 4 Oct: Sterling, UK manufacturing, Krispy Kreme
The pound fell back towards a three-decade low against the dollar yesterday, hit by surprisingly strong US economic data and in the wake of Theresa May setting out a timetable for Brexit.
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NewsHovis pushed into £19m loss by 'poor market conditions'
Hovis plunged to a £19m loss in its second year of trading since being spun out of Premier Foods as it battled to hold on to market share in a declining bakery category
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NewsIndustrial sales drive McCormick UK revenues up 6.6%
US spices and sauce giant McCormick saw a 6.6% uplift in sales from its UK division last year, although the proportion of its sales booked in the UK market fell back
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NewsCity snapshot: Consumer confidence rebounds as Brexit fears ease
Consumer confidence has bounced back to pre-Brexit levels following a dramatic collapse in confidence after the UK voted to leave the EU. Plus, Premier Foods chairman David Beever steps down, updates from Gusbourne and Zambeef and all the rest of today’s news in the City.
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NewsMedia Bites 30 Sep: Living wage, Jamie Oliver, M&S
A survey for a business lobby group suggests some companies have reduced recruitment and may cut staff hours in future.
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NewsCity Snapshot: US drives “strong” annual sales growth for Imperial Brands
FTSE 100 tobacco firm Imperial Brands has reassured the market it is on track to meet full year expectations, driven by strong US growth and currencies
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NewsMedia Bites 29 Sep: Sainsbury's, AB InBev/SABMiller, BHS
Sainsbury’s ceded more ground to rivals Tesco and Morrisons as well as the budget stores after its second consecutive quarterly sales drop
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NewsInvestors back AB InBev/SABMiller deal as mooted protest fails to materialise
SABMiller investors overwhelming backed the multi-billion takeover offer from AB InBev this morning, dispelling concerns that activist hedge funds would try to derail the deal.
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NewsMedia Bites 28 Sep: AG Barr, Sainsbury's, High street sales
AG Barr is to cut 10% of its workforce as it revealed a 3% fall in half-year sales and criticised the government’s proposed sugar tax as “punitive”
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NewsCity snapshot: Sainsbury’s like for likes down 1.1% in second quarter
Sainsbury’s has announced a 1.1% like for like retail sales fall, excluding fuel, for the 16 weeks to 24 September 2016.
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NewsDr Oetker UK profits up by 64% as efficiencies pay off
UK revenues at pizza and home baking supplier Dr Oetker edged up to £156m last year, but profits jumped by two-thirds driven by operational efficiencies and the accounting treatment of previous acquisitions.
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NewsAldi plans £300m store refresh amid 11.8% annual sales growth
Aldi is to invest £300m in enhancing its UK stores after posting annual sales of £7.7bn in the year to 31 December 2015.
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NewsMedia Bites 26 Sep: Tesco, AB InBev/SABMiller, Bernard Matthews
Tesco could be called before the Commons inquiry into workplace pensions amid claims that the hole in its pension fund could be up to £6.5bn.
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Analysis & FeaturesThe Grocer/OC&C Top 150 2016: a fertile landscape post Brexit?
It had become a “picture of attrition” for The Grocer/OC&C Top 150 suppliers before the Brexit vote
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NewsTesco sales figures boost City optimism over recovery
Grocery market share data once again showed Tesco as the best of the mults
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NewsRaging deflation leads to OC&C 150 sales slump
The supermarket price war and the slump in commodity prices have resulted in sales falling
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NewsCity snapshot: Grocery listings help boost sales at Science in Sport
Sports nutrition specialist Science in Sport has grown revenues by 24% in the first half of the year, driven higher by international sales and new listings
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NewsMedia Bites 22 Sep: Majestic Wine, SABMiller, M&S
“Majestic Wine shares skid 33% on worst day ever”, writes The Financial Times (£) on a grim day for the UK’s largest specialist wine retailer.
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NewsSolina Group acquires Yorkshire-based sauce business New Ivory
French food supplier Solina Group has snapped up culinary sauce specialist New Ivory as it looks to grow its presence in the UK