All articles by Alec Mattinson – Page 2
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NewsCity snapshot: Grocery sales growth rises as inflation edges back up
Grocery sales growth rose by 3.8% in the four weeks to 4 August as food inflation edged back upwards for the first time in more than a year
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NewsMedia Bites 12 August: Asda, Carlsberg/Britvic, junk food taxes
Stuart Rose, the chairman of Asda, has said he is “embarrassed” by the supermarket’s declining market share and has called on owner Mohsin Issa to step back
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NewsCity News: Deliveroo passes ‘major milestone’ as order frequency recovers
Food delivery player Deliveroo finally passed a “major financial milestone” by turning a profit in the first half of the year, it revealed this week
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NewsCity snapshot: Lotus Bakeries posts 20% jump in first half sales
Bear and Nakd owner Lotus Bakeries has reported a double-digit jump in first half sales and profits amid strong growth of key brands
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NewsMedia Bites 9 August: Asda, Deliveroo, AB InBev
Sales have fallen at UK supermarket chain Asda, as customers defect to larger rivals.
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NewsCity snapshot: Deliveroo moves to first-half profit amid ‘encouraging’ consumer pick-up
Online delivery giant Deliveroo has posted a first-half profit after returning to order growth in the period amid ‘encouraging signs’ in consumer behaviour
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NewsMedia Bites 8 August: Ocado, Twitter/Unilever/Mars, Coca-Cola
Ocado is testing offering everyday products such as pasta, rice and washing liquid in refillable packaging
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Comment & OpinionMars’ $30bn move for Kellanova could kick off consolidation wave
The acquisition would be a significant move, both in size and strategic direction
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NewsCinven invests in Swedish sports nutrition player Vitamin Well
Private equity player Cinven has become the lead investor in Swedish sports nutrition and drinks specialist Vitamin Well
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NewsCity snapshot: CCEP boosted by Asia-Pacific growth to mitigate European volume decline
GB Coke bottler Coca-Cola Europacific Partners has posted a rise in underlying first-half problems despite poor weather in Europe, as growth in south east Asia and Australia boosted performance
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NewsMedia Bites 7 August: Domino’s Pizza Group, Coca-Cola, Klarna
Domino’s Pizza downgraded its full-year profit forecast as consumers grappling with cost of living pressures held back on spending
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NewsCity snapshot: summer boosts food and clothing sales
UK retail sales were back in growth in July after a poor June as the advent of summer and warmer weather boosted food and clothing sales
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NewsMedia Bites 6 August: Mars/Kellanova, Treasury Wine Estates, Haleon
Mars is in talks to buy Pringles and Pop-Tarts maker Kellanova in what would be one of the year’s biggest takeovers.
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NewsCity snapshot: Warmer climate helps English wine production boom
Sales of UK wines continue to boom thanks to rising temperatures and better yields, according to accountancy group UHY Hacker Young
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NewsMedia Bites 5 August: food imports, English wine, Knoops
Imported food coming into the UK through Brexit border posts is being sent back to Europe to be tested due to a lack of laboratory capacity in Britain
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NewsCity News: Diageo boss ‘fighting for job’ as share price plunges again
Another weak market update and share price plunge this week will have left the beleaguered new CEO of Diageo Debra Crew “fighting to keep her job”, according to analysts
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NewsCity snapshot: Ocado raises £700m to refinance debt
Ocado has raised £450m in an upsized bond offering to refinance debt along with a separate £250m bond issuance
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NewsCity snapshot: AB InBev improves profits but volumes fall back
AB InBev has posted a rise in underlying profits in its second quarter, but sales volumes went backwards in the period as beer sales fell
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NewsMedia Bites 31 July: Diageo, Greggs, McDonald’s
The head of Diageo has warned that consumers are facing an “extraordinary environment”, as one of the world’s biggest drinks makers reported its first global drop in sales since 2020
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NewsCity snapshot: Diageo posts organic sales and profit declines amid Americas weakness
Spirits giant Diageo has posted a decline in organic sales and profits as a heavy sales fall in Latin American and the Caribbean hit annual performance