All articles by Alec Mattinson – Page 190
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NewsAssociated British Foods nudges up guidance on weakening pound
Associated British Foods expects its performance for the year to 27 February to be marginally better than previously indicated given the recent weakening of the pound.
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Analysis & FeaturesSteinhoff's Argos bid leaves Sainsbury's in a tricky spot
Sainsbury’s is in a tricky spot after its bid for Argos was comprehensively gazumped by South African retailer Steinhoff
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NewsCity snapshot: Coca-Cola HBC beats earnings expectations on margin expansion
Coca-Cola HBC shares on the up as it beats expectations, plus The Grocer has stories on Kraft Heinz and Propercorn and Tesco bid rumour drives Morrisons share price boost.
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NewsMedia Bites 19 Feb: Asda, Wal-Mart, Morrisons
This morning’s papers are full of Asda’s ”worst sales falls in its history”
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NewsNestlé shares fall on lower than expected growth
Nestlé shares dropped by almost 4% today after missing its full-year growth target and reporting a significant fall in profitability.
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NewsBurton’s Biscuits in talks to buy 2 Sister’s-owned Fox’s
Sources stressed to The Grocer that the talks remained at a preliminary stage
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NewsMedia Bites 18 Feb: Morrisons takeover rumours, Asda, Nomad
A £6.4bn offer for Morrisons from Tesco or private equity company Permira “could not be far away” according to the Daily Mail.
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Analysis & FeaturesRetrenchment and other key themes to look out for at CAGNY 2016
The Consumer Analysts Group of New York conference kicked off yesterday
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NewsCity snapshot: UK branded sales help mitigate milk price slump for Arla Foods
Arla’s overall volume of milk grew by approximately 622 million kilos in 2015 to 14.19 billion kilos
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NewsMedia Bites 17 Feb: BHS, Oppo, Pernod Ricard
The owner of BHS has secured a loan from an American restructuring company best known for trying, and failing, to rescue Blockbuster, writes The Times.
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NewsTesco shows Irish upturn as grocery market continues strong recovery
The Irish grocery market has grown 3.8% over past 12 weeks according to Kantar Worldpanel
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NewsStrong fourth quarter sends Reckitt Benckiser shares up 7%
A strong performance in Reckitt Benckiser’s (RB) consumer health division helped fourth quarter sales beat expectations and drive the fmcg giant’s shares 7% higher today.
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NewsCity snapshot: Health sales drive Reckitt Benckiser revenue growth
Reckitt’s shares rise on stronger than expected sales, UK footfall sees a huge rebound and so does the FTSE as investors concerns over China ease.
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NewsMedia Bites 15 Feb: UK footfall, Ocado, Tesco
Colder temperatures and the January sales drove shoppers back to the high street last month.
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Analysis & FeaturesPortfolio optimisation will continue to drive M&A in 2016
Consumer products and retail bosses expect the wave of global M&A to continue in 2016 as portfolio optimisation will continue to drive strategic sales from big corporates.
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Analysis & FeaturesNew year trading put in more sober light by latest data
A number of surveys this week provided contrasting reads on the market for the second month running
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NewsPernod Ricard reports 3% first half organic growth
Pernod Ricard has delivered “solid” first half results as the spirits maker saw 3% organic sales growth in the six months to 31 December 2015.
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NewsTate & Lyle share plunge on commodities weakness
Shares in Tate & Lyle have dropped by 5.9% today after the sucralose maker warned that weak commodity prices would hit 2016 profits.
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NewsCurrencies and Coca-Cola volume drop hit CCE revenues
Full year revenues at Coca-Cola Enterprises plunged 15% last year as currency movements impacted sales already hit by declining Coca-Cola volumes.