All articles by Alec Mattinson – Page 201
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NewsKarro Food Group returns to profitability
Karro Food Group has returned to profitability in its second year of trading as an independent business after years of annual losses.
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NewsCity snapshot: Morrisons’ first half like for likes fall by 2.7%
Morrisons (MRW) has announced a 5.1% fall in first half revenues and a 2.7% drop in like-for-like sales
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NewsMedia Bites 10 Sep: Morrisons/M Local, Monitise, Sports Direct
Morrisons decided to “cut its losses” on its convenience business, according to the papers this morning.
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NewsCity snapshot: MillerCoors names new CEO
MillerCoors has named Gavin Hattersley as its new chief executive officer; new CFO for Hain Celestial, Terra Firma confirms Justin King role and all the rest of the news from the City.
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NewsMedia Bites 9 Sep: Tesco, Justin King, M&S
A string of private equity firms have abandoned offers for Tesco’s data arm Dunnhumby, according to reports.
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NewsMedia Bites 8 Sep: Tesco, ABF, Justin King
Tesco’s £4bn sale of South Korean retail arm dominates the business pages this morning.
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NewsCity snapshot: Conviviality agrees £200m Matthew Clark deal
Bargain Booze owner Conviviality Retail has agreed to buy drinks wholesaler Matthew Clark in a deal worth £200m
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NewsGreat British Sauce Co. exceeds £200k crowdfunding target
Great British Sauce Co. has raised almost £250k from its crowdfunding campaign on Crowdcube.
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NewsCurrencies and sugar woes hit ABF’s full-year trading
Associated British Foods hasreaffirmed that the impact of currencies and the weak performance of its sugar division will see an overall decline in annual profits.
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NewsCity snapshot: Tesco agrees to sell Homeplus
Tesco has agreed to sell its South Korean retail arm Homeplus to a consortium led by MBK Partners for £4.24bn, plus Associated British Foods warns over sugar and currency impact and all the rest of the news from the City.
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NewsMedia Bites 7 Sep: Quorn, Tesco/Homeplus, Morrisons
Quorn is at the centre of a £500m takeover battle between frozen food giants Nomad and McCain, according to weekend reports.
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NewsExport figures dragged down by plunging value of euro
The UK food & drink industry has been hit by a slump in exports in the first half of 2015…
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NewsCity snapshot: August high street sales suffer worst slump for seven years
High street sales in August have suffered their biggest slump since the depth of the financial crisis in 2008.
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NewsMedia Bites 4 Sep: The Co-op, Tesco, Morrisons
The major grocery story in the media this morning is The Co-op’s return to half year profitability announced yesterday.
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NewsCMA approves Booker’s acquisition of Londis and Budgens
Booker has received regulatory clearance from the UK’s Competition & Markets Authority for its acquisition of Musgrave Retail Partners GB, which runs the Londis and Budgens chains in Great Britain.
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NewsMedia Bites 3 Sep: MBK Partners to buy Tesco's South Korean arm
Tesco has named a consortium led by South Korean buyout group MBK Partners as the preferred bidder for its business in the country, according to reports.
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NewsCity snapshot: Booker gets green light for Londis and Budgens takeover
The Competition & Markets Authority has cleared Booker Group’s acquisition of Londis and Budgens as Booker’s 10-week like-for-like non-tobacco sales rise 0.5%.
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NewsCity snapshot: Lenta issues bond to fund store expansion plans
UK-listed Russian supermarket chain Lenta is seeking to raise RUB5bn (£49m) via the bond markets to fund new store openings, Morrisons teeters on the edge of FTSE 100 demotion and the City is hit by more Chinese economic woes.
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NewsMedia Bites 2 Sep: Poundland, UK manufacturing, contactless payments
On a quiet day for grocery news, the major story is yesterday’s announcement by Poundland that it is launching an online service.
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NewsArla’s first half revenues drop 3.8% as milk prices plunge
Arla Foods saw overall revenues drop 3.8% in the first six months of the year as declining global milk prices hit the dairy industry.