All articles by Alec Mattinson – Page 176
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NewsMedia Bites 31 Aug: M&S/ABF, Mondelez/Hershey, Consumer confidence
Analysts back Primark and M&S to cash in on post-BHS high street.
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NewsArmaghdown Creameries reports sales drop of more than a third
Northern Ireland-based supplier sees sales plummet due to effects of “continued downturn in the global dairy markets”
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NewsMondelez abandons Hershey takeover deal
Mondelēz announced yesterday it has abandoned its bid for Hershey after deciding “there is no actionable path forwards”
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NewsMedia Bites 30 Aug: M&S, Supermarket shares, Mondelez
The new boss of Marks & Spencer is planning a U-turn on his predecessor’s foray overseas.
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NewsPropercorn confirms £7m cash injection
Fast-growing UK popcorn brand Propercorn has confirmed it has received a £7m investment from private equity player Piper and JamJar
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NewsMega-brew merger puts UK jobs at risk as London head office closure confirmed
AB InBev’s buyout of SABMiller is “likely” to involve the loss of UK roles after the offer document confirmed plans to establishe a global HQ in Leuven, Belgium
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NewsRio summer boosts sales but not everyone's a winner
Tropical temperatures and Team GB’s efforts in Rio helped the supermarkets record their best sales for almost three years
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NewsCity snapshot: Non-EU exports boom pre-Brexit
New FDF figures show non-EU food and drink exports are rapidly growing and make up almost a third of total exports
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NewsMedia Bites 26 Aug: Consumer spend, Discounters, PizzaExpress
Consumer spending surged to a six-month high in August as tourists flocked to UK high streets to take advantage of the weak pound, according to the CBI.
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NewsCity Snapshot: Ahold and Delhaize post pre-merger sales growth
The newly combined Ahold Delhaize (AD) has “kicked off with good momentum” after both Ahold and Delhaize Group reported strong second quarter results
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NewsMedia Bites 25 Aug: Tesco, Amazon, WH Group
Tesco has fired the latest salvo in what is being dubbed the “time wars” between food retailers by launching a same-day click and collect service for grocery orders.
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NewsStrong travel performance puts WH Smith on track
WH Smith (SMWH) has announced this morning it is on track to meet market expectations for its full-year trading after strong performance in its travel division
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NewsMedia Bites 24 Aug: Supermarket sales, SABMiller, UK exports
The arrival of warm weather and a gold-tinged Olympics feelgood factor has boosted British supermarket sales over the past three months
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NewsHigh Court backs SABMiller’s request to split crucial merger vote
The UK High Court has approved SABMiller’s plan to hold two separate shareholder votes on the AB InBev takeover deal, potentially putting the global mega-deal under threat.
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NewsAsda sells off loss-making photo business for £5.35m
Asda has agreed to sell its photo division to Photo-Me for around £5.35m, the UK-listed photo company announced this morning.
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NewsMedia Bites 23 Aug: Supermarket price war, Contactless payments, Tourist spending
“Supermarket price war would kill profits”, writes The Times (£) this morning, warning that “the front line in the fight for food shoppers is about to get bloody”.
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NewsTeam GB gold rush and hot weather boost supermarket sales
The hot weather and Great Britain’s success at the Olympics in Rio combined to generate the best supermarket sales growth for nearly three years, according to Nielsen
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NewsNo judgement yet in SABMiller takeover court case
SABMiller has announced that the UK High Court case examining its proposal to hold two separate shareholder votes on the AB InBev takeover offer will not be concluded today.
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NewsSales soar at artisan baker Bread Holdings
The owner of The Bread Factory and GAIL’s Artisan Bakery has seen annual revenues soar by 41.5% as UK consumers’ hunger for artisan bread shows no sign of waning.
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NewsCity snapshot: Supermarket deflation eases again
The deflation that has gripped grocery since 2014 has eased for the second consecutive month after the Brexit vote