All articles by Alec Mattinson – Page 207
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NewsCity snapshot: Glanbia hit by falling dairy prices
Irish food group Glanbia has seen a 3.6% constant currency revenue fall in the three months to 4 April, Hilton Food Group in line with expectations and the FTSE opens lower.
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NewsMedia bites 12 May: Tesco, Ahold, Tate & Lyle
Tesco’s decision to axe PwC as its auditor after 32 years gets plenty of column inches in today’s papers.
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NewsBargain Booze sales slip, but Conviviality profits rise by 2.3%
Bargain Booze owner Conviviality Retail has reported full year revenues up 2.3%, but a dip in like-for-like sales as it fought against a slower than expected rate of store openings and heavy discounting in the alcohol retail sector.
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NewsMedia bites 11 May: Dunnhumby, Tesco Mobile, Sainsbury's
US consumer research giant Nielsen is poised to plunge into the £2bn auction for Dunnhumby, according to the Sunday Times.
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NewsCity snapshot: Conviviality Retail revenues up despite sector discounting
Bargain Booze owner Conviviality Retail has reported full year revenues up 2.3%, supermarket shares start the week up and all the latest news from the City.
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NewsMorrisons share shorting points to City jitters over recovery
Figures from financial information specialist Markit show the proportion of Morrisons stock out on loan reached 13.7% on 29 April, up from 12.4% at the beginning of the month
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Analysis and FeaturesWelcome political stability may prove to be short-lived
Many of the leaders of the UK grocery industry will be breathing a sigh of relief today as the general election results sink in.
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NewsMedia bites 8 May: Morrisons, SABMiller, Ocado
The new chief executive of Wm Morrison has pledged to listen to the supermarket chain’s customers and staff
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NewsCity snapshot: Shares jump on surprise election result
The FTSE 100 index has surged by 2% in early trading after the British electorate has seemingly returned a majority Conservative government
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NewsMedia Bites 7 May: Sainsbury's, Imperial Tobacco, Poundland
The papers have seized upon CEO Mike Coupe’s contention that the growth of the discounters Aldi and Lidl is slowing down.
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NewsCity Snapshot: Morrisons sales fall 2.9% in first quarter
Morrisons like-for-like sales fall of 2.9% beat expectations of a 3-3.5% drop, but its shares have opened down. Also Reckitt Benkiser prepares for AGM, the market reacts to Sainsbury’s full-year results and all the rest of the news from the City.
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NewsFinsbury Food Group rescues Johnstone’s Just Desserts from administration
Finsbury Food Group is back on the acquisition trail after agreeing to rescue Johnstone’s Just Desserts from administration.
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Poundland to push ahead with 99p Stores takeover
Poundland has decided to press on with its attempt to acquire rival discount chain 99p Stores and go to a more in-depth investigation process by the UK’s Competition and Markets Authority.
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NewsMedia bites 6 May: Sainsbury's, Tesco, M&S
sainsThe media examines Sainsbury’s first annual loss for a decade and the latest board departures at Tesco.
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NewsCity snapshot: Sainsbury's falls to first loss in a decade
Sainsbury’s (SBRY) has recorded its first annual loss in a decade after property writedowns and other one-off charges took their toll. Plus Poundland presses ahead with 99p Stores bid, Finsbury Food Group acquires Johnstone’s Just Desserts and all the latest from the City.
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NewsMetro Group’s sales rise 2.5% in second quarter but losses widen
German supermarket Metro Group has reported growing sales in its second quarter, but the negative impact of currency movement helped its losses expand to €394m during the period.
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NewsCity snapshot: Tesco knocks back £4bn approach for South Korean arm
Tesco has knocked back a £4bn for its South Korean business, according to weekend reports.
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NewsMedia Bites 5 May: Sainsbury's, Morrisons, Diageo
With Sainsbury’s full year results this week and Morrisons Q1 trading figures, there are plenty of predictions of doom in the papers.
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NewsMedia bites 1 May: EU redundancy ruling, Mike Coupe, John Menzies
A number of papers cover the failure of workers at collapsed retailers Woolworths and Ethel Austain to win compensation.
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NewsCity snapshot: Waitrose sees first quarter sales growth of 0.9%
The fall of Easter in 2014 continues to distort Waitrose’s weekly sales figures, with sales for the week to 25 April up 9.5% year-on-year