All articles by Alec Mattinson – Page 178
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NewsProfits surge at Kraft Heinz but organic sales fall back
Adjusted EBITDA increased 23.1% in the second quarter at recently merged Kraft Heinz despite a dip in organic net sales as integration cost savings kicked in.
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NewsBerry Bros & Rudd slashes losses during year of restructure
The Queen’s wine merchant, Berry Bros & Rudd, has dramatically cut its losses despite a drop in sales
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NewsCity snapshot: First half volumes up but sales flat at Kerry Group
Kerry Group has delivered a “solid” first half, with volume growth of 3.2% during the period while sales edged up 0.3% to €3bn
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NewsMedia Bites 4 Aug: Supermarket promotions, Poundland, NFU
Supermarkets have been accused of promoting obesity by allowing ‘special offers’ on seven out of 10 fizzy drinks.
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NewsCity snapshot: UK retailers plan post-Brexit supply chain changes
More than half of UK retailers were “unprepared” for Brexit and almost a third are planning to change up their supply chains as a result of the vote, new research from Barclay’s has revealed.
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NewsMedia Bites 3 Aug: P&G, AG Barr, Greggs
Investor calls to split up consumer goods giant Procter & Gamble have eased, writes The Financial Times.
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NewsGreggs boss Whiteside brushes off Brexit threat
Greggs boss Roger Whiteside has insisted a Brexit-inspired economic downturn will not derail the baker’s shift towards offering healthier eating options.
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Comment & OpinionAB InBev/SAB megabrew faces nailbiting progress to completion
The historic brewing mega-deal looks back on. But it is not out of the woods yet.
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NewsSABMiller board backs improved AB InBev offer
SABMiller announced on Friday afternoon it has unanimously recommended this week’s improved £79bn offer from AB InBev.
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NewsAB InBev takeover of SAB Miller hits bump as pound collapses
The cash portion of the bid suddenly became more than 10% less valuable after the UK quit the EU
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NewsMedia Bites 28 July: SABMiller, Retail sales, Coca-Cola
SABMiller has told employees to stop working on integrating operations with those of Anheuser-Busch InBev.
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NewsStrong dollar drags down Coca-Cola’s second quarter sales
Coca-Cola’s net sales dropped 5% in the second quarter to 30 June as Coke was hit by negative currency movement and tough global economic conditions.
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NewsCity Snapshot: Store growth helps sales rise 2.2% at McColl’s
Total revenues were up to £469.2m, driven by the acquisition of 24 new convenience stores
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NewsMedia Bites 27 July: AB InBev/SABMiller, Supermarkets, Fever-Tree
“Beer merger on the brink after higher bid falls flat” writes The Times after yesterday’s improved AB InBev offer for SABMiller fails to convince investors
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NewsGreencore sees “modest” Brexit impact as food to go drives sales increase
Greencore’s revenues were up 4% in the 13 weeks to 24 June, with Brexit having only a “modest” impact on the convenience food giant’s trading.
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NewsAB InBev ups offer for SABMiller after investor pressure
AB InBev that it has made a revised and “final” offer for SABMiller after the post-Brexit slump in the pound had led to investors questioning the value of its original offer.
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NewsPoor weather drives the worst supermarket sales figures for two years
During the four weeks ending 16 July 2016, the value of sales was down 2.4%
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NewsMedia Bites 26 July: BHS/Sir Philip Green, Hammerson, LVMH
Libel lawyers acting for Sir Philip Green have demanded an apology after MP Frank Field likened the retail tycoon’s conduct to that of Robert Maxwell,
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NewsStrong volume growth drives Cranswick's first quarter sales up 11%
Higher volumes and the contribution of acquisitions helped Cranswick’s sales rise 11% in the first quarter to 30 June 2016.