All articles by Alec Mattinson – Page 21
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NewsCity News: Fever-Tree enjoys US boost but UK sales fall flat
Fever-Tree shares this week have been quite mixed following a sharp drop in profits as UK sales fell flat
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NewsCity snapshot: Supermarket Income REIT completes £290m debt refinancing
Listed property investment specialist Supermarket Income REIT has announced a comprehensive refinancing of almost £290m of debt
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NewsCity snapshot: John Lewis Partnership cuts losses but transformation plan needs more time
John Lewis Partnership has cut its first half losses by more than 40%, but extended the timescale of the completion of its turnaround plan by two years. Plus Lidl GB and THG post signficant losses
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NewsMedia Bites 13 September: Wilko/Poundland, grocery market share, ABF
The owner of Poundland has struck a deal to take over up to 71 stores occupied by Wilko, giving hope to hundreds of workers at its stricken rival
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NewsCity snapshot: Grocery inflation falls to lowest level for over 12 months
Grocery price inflation has dropped to its lowest level in over 12 months at 12.2% for the four weeks to 3 September 2023, according to the latest data from Kantar
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NewsMedia Bites 11 September: Morrisons/MFG, business rates, John Lewis/Waitrose
Motor Fuel Group is in talks over a £2bn deal to gobble up Morrisons’ petrol forecourts
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NewsPots & Co targets profitability after slashing its losses
Upmarket desserts player Pots & Co is aiming to move into profitability after slashing its losses, growing sales, and expanding in the US
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NewsCity News: WH Smith shares drop despite booming travel sales
WH Smith shares fell sharply this week despite booming travel sales, as a trading update raised concerns over slowing growth and a lack of upgrade in profit guidance
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NewsCity snapshot: Unilever kicks off final leg of €3bn share buyback programme
Unilever has commenced the fourth and final tranche of its share buyback programme to give back €3bn to shareholders
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NewsMedia Bites 8 September: Aldi, British American Tobacco, Pets at Home
Aldi has revealed an ambitious goal to grow the number of British stores by 50% as shoppers continue to seek bargains
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NewsCity snapshot: British American Tobacco agrees Russia exit
British American Tobacco has struck a deal to exit its operations in Russia and Belarus. Plus trading updates from Hilton Food Group and PayPoint and all the rest of the latest news from the City
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NewsMedia Bites 7 September: Waitrose, WH Smith, Bakkavor
Waitrose’s shop staff are at risk of losing their jobs if they do not agree to work more flexible hours
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NewsButternut Box secures bumper £280m fundraising boost
Petfood subscription service Butternut Box has raised a further £280m as it seeks to solidify its position as Europe’s largest fresh dogfood player
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NewsCity snapshot: WH Smith sales soar on travel rebound
WH Smith has posted a 28% jump in total revenues last year amid a strong rebound of travel sales following the relaxing of Covid restrictions
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NewsMedia Bites 6 September: Wilko, Lidl, Retail shares
Wilko’s administrators have begun to break up the collapsed discount retailer, with more than 1,300 new job losses and a sale of 51 stores
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NewsBakeAway mulls further appeal after tribunal backs CMA order to sell Jus-Rol
The UK arm of French bakery giant Cérélia is mulling a further appeal against a regulatory decision to block its acquisition of ready-to-bake bakery brand Jus-Rol
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NewsCity snapshot: UK retail sales boosted by improved consumer confidence
UK retail sales were up 4.1% in August as consumer confidence improved amid easing inflation. Plus PZ Cussons makes offer for Nigerian business, trading update from DS Smith and all the latest news from the City
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NewsMedia Bites 5 September: Asda, Wilko, Butternut Box
The billionaire owners of Asda have been asked by MPs for details of interest free-loans allegedly provided to fund the purchase of private jets
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NewsJuice Burst maker Purity Soft Drinks sees sales surge
Purity Soft Drinks, the maker of Juice Burst, has seen sales jump by 37% and profits double in its most recent financial year
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NewsCity snapshot: Nestlé sells peanut allergy treatment brand Palforzia
Nestlé has announced this morning it has divested peanut allergy treatment business Palforzia to Swiss healthcare company Stallergenes Greer