All articles by Alec Mattinson – Page 175
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NewsMedia Bites 20 Sept: Bernard Matthews/2 Sisters, Finsbury Food Group, Dairy Crest
The chairman of the parliamentary committee that investigated the collapse of BHS is calling on the Pensions Regulator to investigate the takeover of turkey producer Bernard Matthews.
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NewsCity snapshot: UK supermarkets continue sales recovery
The UKs leading supermarkets experienced two consecutive months of growth for the first time in more than two years, according to Nielsen retail performance data released today
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NewsMorrisons impresses the market as Ocado is hammered
Morrisons improved its second quarter like-for-like excluding fuel sales performance to 2% from 0.7% in the first quarter
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NewsMedia Bites 15 Sep: Monsanto/Bayer, Ocado, Brexit
“Bayer bets the farm in $66bn Monsanto deal”, is the main business headline in The Times (£).
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NewsCity snapshot: Morrisons plays down Brexit after 2% second quarter sales hike
Morrisons said today it has seen “no negative impact” from Brexit after it announced second quarter like for like ex fuel sales growth of 2%
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NewsCity snapshot: Currency movements help boost trading at Hilton Foods
Meat packing firm Hilton Foods has reported “strong” first half trading despite competitive retail grocery markets and uncertain macroeconomic conditions
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NewsMedia Bites 13 Sep: M&S, ABF, Morrisons
The news that M&S’ online chief Laura Wade-Gery will not be returning to the business following maternity leave gets plenty of coverage this morning.
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NewsNoble hatches plan to turn around declining sales and profits
Newly filed accounts in Companies House for Noble Foods show sales dropped 22.2% in the year to 30 September 2015
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NewsRed Bull UK & Ireland sales hit as marketing spend falls
Red Bull put this “mixed” performance down to the “highly competitive” UK marketplace
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Analysis & FeaturesDeflation edges up as three of big four sharpen prices
The latest skirmishes in the supermarket price war have ensured deflation remains in the market, the latest GPI shows
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NewsFyffes doubles down on Canadian mushrooms
Fyffes has bought a second Canadian mushroom business with the €41m acquisition of All Seasons Mushrooms this morning
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NewsMedia Bites 8 Sep: Poundland, Asda, Amazon
Secretive hedge fund Elliott Advisors has waved through a £610m takeover of Poundland after months of speculation it might block the deal.
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NewsPoundland shareholders approve £610m Steinhoff takeover
Poundland shareholders have overwhelmingly backed the £610m takeover bid from South Africa’s Steinhoff Group despite fears activist investor Elliott Capital could derail the deal
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NewsCarr’s Group sells food division to Whitworths for £36m
Food and engineering group Carr’s has sold its food division, Carr’s Flour Mills, to fellow flour miller Whitworths for £36m.
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NewsMedia Bites 5 Sep: Morrisons, M&S, Poundland
Morrisons is set to reignite the supermarket price war this week when it slashes the cost of 160 everyday essentials.
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NewsFyffes shrugs off tough banana market to post 14.7% first half growth
Irish fruit importer Fyffes has announced a near 15% increase in first half sales driven by acquisitions and volume growth
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NewsMedia Bites 2 Sep: Pernod Ricard, Walmart, Monsanto
An American appetite for Irish whiskey has driven sales at drinks giant Pernod Ricard, which has reported strong growth in the United States
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NewsThird quarter like-for-like sales down 1.8% at McColl’s
McColl’s Retail Group has reported a 1.8% rise in total sales in the 13 weeks to 28 August, but a 1.8% dip in like-for-like sales
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NewsMedia Bites 1 Sep: Tesco, Steinhoff/Poundland, M&S
The Tesco accounting scandal will continue to be investigated by the industry watchdog even though it has cleared the retailer’s former chief financial officer of wrongdoing.
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NewsCity snapshot: Consumer confidence increases as Brexit nerves ease
GfK’s Consumer Confidence Index has increased by five points this month to -7 as worries over the implication of Brexit begin to settle down. Plus all the rest of the latest news from the City.