All articles by Alec Mattinson – Page 196
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NewsUK food and drink M&A set to hit its highest level since 2007
UK food and drink M&A is set to hit its highest level since 2007 after another hike in deals in the third quarter
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NewsSainsbury's pledges to continue price-cutting strategy
Sainsbury’s is doubling down on its strategy to invest in price and cut promotions
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NewsCity Snapshot: Supermarket deflation back towards record highs
The Grocer Price Index shows deflation is ractcheting upwards again to move back towards the record high recorded in March, meat producer Stoddarts bought by a group of investors and all the rest of today’s news from the City.
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NewsMedia Bites 13 Nov: SABMiller, Morrisons, Tesco
SABMiller’s first half result announcement yesterday is the major topic for the papers this morning.
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Analysis & FeaturesDeflation hitting hard as the mults head into Christmas
Deflation is biting the supermarkets as hard as ever as they head into the vital Christmas trading period.
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NewsCity Snapshot: Exchange rates cause double-digit profit and revenue drop at SABMiller
SABMiller has suffered a 12% drop in revenues in the six months to 30 September
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NewsMedia Bites 12 Nov: Sainsbury's, SABMiller/InBev, Carlsberg
Two stories dominate the press this morning – Sainsbury’s profits plunge and SABMiller agreeing a price for its buyout by AB InBev.
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NewsCity snapshot: Carr’s Group achieves record profits despite revenue fall
Carr’s Group, but the agriculture and food company Carr’s Group reports a 6% rise in full year EBITDA despite 4.1% revenue fall, Sainsbury’s…
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NewsMedia Bites 9 Nov: SABMiller, Sainsbury's, M&S
SABMiller is set to offload its American business for more than $10bn (£6.6bn) this week when it finally agrees terms on a merger with Anheuser- Busch InBev.
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NewsMedia Bites 5 Nov: M&S, Asda, Whole Foods
Unsurprisingly M&S’ half year trading results are the main topic of conversation in today’s papers.
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NewsCity snapshot: Morrisons’ third quarter sales fall by 2.6%
Third quarter like-for-like sales (ex fuel) at Morrisons fell by 2.6% in the 13 weeks to 1 November, plus trading updates from Dairy Crest, Tate & Lyle, Coca Cola HBC and Hilton Food Group.
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NewsReckitt Benckiser wins CMA approval for K-Y acquisition
The UK’s Competition & Markets Authority has waved through Reckitt Benckiser’s acquisition of the K-Y brand following consultation after Reckitt agreed to licence the business in the UK.
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Analysis & FeaturesM&S first half results – what the analysts say
A round-up of analyst comment on Marks & Spencer’s first half results
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NewsIncreased growth brand volumes boost Imperial Tobacco’s profits
A 7% rise in global growth brand volumes helped Imperial Tobacco full year adjusted operating profits grow by 2.4% to more than £3bn.
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News
Sugar woes and currencies hit profits at ABF
Associated British Foods (ABF) has recorded a 6% fall in adjusted full year operating profit as a collapse in profitability of its sugar division hit overall earnings.
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NewsTate & Lyle completes Eastern Europe ingredients restructure
Archer Daniels Midland Company, which owns half the joint venture with Tate, has bought bulk ingredients plants in Bulgaria, Turkey and Hungary
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NewsMedia Bites 2 Nov: M&S, Morrisons, BRC
Marks & Spencer is due to report another slump in clothing sales, heaping renewed pressure on chief executive Marc Bolland.
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NewsCity snapshot: 151 Products rescues Swirl from administration
151 Products has bought consumer goods firm Swirl Products, trading as Fmcg, out of administration, plus a look at the week ahead in the City with updates from M&S, Morrisons and ABF.
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Analysis & Features2 Sisters to put £150m into poultry efficiencies
2 Sisters has pledged to invest £150m in its poultry business in a bid to drive efficiencies as it moves from a period of aggressive acquisition-driven expansion to consolidation.
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NewsCity snapshot: Delhaize sees "robust" third quarter sales
Belgian retail group Delhaize has posted third quarter constant currency revenue growth of 2.3%