All articles by Alec Mattinson – Page 207
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NewsMedia bites 25 June: Ahold/Delhaize, Sainsbury's, Morrisons
The €25bn tie-up between Ahold and Delhaize will see the European grocers unite for an “assault” on Walmart.
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NewsMedia bites 24 June: Co-op, John Lewis, Tesco
The financial woes of The Co-operative Group have wounded it so seriously that it can no longer boast of being Britain’s biggest-grossing co-op
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NewsCity snapshot: Ahold and Delhaize press on with merger
European retail giants Ahold and Delhaize have announced their intention to press ahead with a full-scale merger of equals this morning.
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News2 Sisters back in third quarter profit
2 Sisters owner Boparan recorded a third quarter profit after heavy losses last year after like-for-like sales edged up by 1.1%.
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Analysis & FeaturesFerrero take over of Thorntons raises more questions than answers
Thorntons shares shot up by more than 40% this morning after news emerged that a takeover bid from Italian chocolate giant Ferrero valued it at £111.9m. But what are the key questions around what a Ferrero-owned Thorntons would look like?
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NewsThorntons shares soar on Ferrero takeover offer
Shares in UK-listed chocolatier Thorntons have rocketed up 43% after news broke this morning that Italian chocolate manufacturer Ferrero has agreed to pay 145p a share to buy UK-listed chocolatier Thorntons, valuing the company at £112m.
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NewsMoy Park IPO plans scrapped in favour of $1.5bn JBS sale
Brazilian food group Marfrig has decided against plans to float Northern Irish poultry producer Moy Park on the London Stock Exchange, preferring instead a sale to South American meat producer JBS.
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NewsMedia bites 18 June: Waitrose, MSRA, Rémy Cointreau
Waitrose’s innovative new scheme to allow customers to choose their own special offers has hit the headlines this morning.
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NewsCity snapshot: Profits up 18.6% at Poundland but it cautions over first half trading
Poundland’s full-year underlying pre-tax profits were up 18.6% to £43.7m as annual sales hit £1bn for the first time, plus board changes at Poundland and the FTSE 100 hits a five month low.
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NewsNew Booker chairman is former Müller Dairies boss Stewart Gilliland
Booker has this morning announced that Stewart Gilliland will replace Richard Rose as non-executive chairman.
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NewsGrowing Majestic’s online sales is not the priority, says Rowan Gormley
A number of commentators predicted that Majestic Wine’s takeover of Naked Wines would enable it to supercharge its online growth
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NewsMajestic Wine to slow store rollout plans
Majestic Wine has cut its store estate expansion plans after announcing a 22.5% drop in pre-tax profits.
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NewsMedia bites 15 June: Tesco, GSCOP, business rates
Tesco needs to raise more than £5bn to fix its balance sheet and regain its investment grade credit rating, according to rating agency Moody’s.
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NewsBooker executives sell on shares worth £11.5m
The group of execs, not including CEO Charles Wilson, sold a collective total of 6.8 million shares for 170p each
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NewsCity snapshot: Profits plunge at Majestic Wine
Full year pre-tax profits at Majestic Wine have slumped by 22.7%, FSTE falls on Greek debt worries, plus what’s on in the City this week.
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NewsImperial Tobacco completes $4.6bn US acquisition
Imperial Tobacco has completed the £4.6bn deal to buy US cigarette and e-cigarette brands from Reynolds and Lorillard.
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NewsMedia Bites 11 June: Sainsbury's, Iceland, supermarket margins
Sainsbury’s first quarter results, which sparked a rally of supermarket shares, unsurprisingly get plenty of coverage this morning.
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NewsCity snapshot: Supermarket margins won't improve for 18 months
The big four UK grocers will not see a recovery in margins until at least 2016/17, according to ratings agency Moody’s.
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NewsMedia Bites 10 June: Tesco, Premier Foods, P&G
Potential buyers are circling Tesco’s South Korean operations
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NewsCity snapshot: Sainsbury’s first quarter like-for-likes down 2.1%
Sainsbury’s like-for-like sales have fallen by 2.1% during the 12 weeks to 6 June.