All articles by Alec Mattinson – Page 21
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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
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NewsUK food and drink insolvencies surge
The number of UK food and drink manufacturing companies entering insolvency has more than doubled over the past 12 months, according to research from management consultancy groups Inverto
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NewsMedia Bites 4 September: Tesco/Shop worker abuse, Wilko, Asda
Tesco’s chief executive has called for a change in the law to make abuse or violence towards retail workers an offence across the UK
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NewsCity News: Pernod Ricard shares slide on US and China slowdown
Pernod Ricard hailed a “very strong” annual performance as it recorded double-digit sales growth and expanded margin, but shares were hit by warnings of slowdowns in key markets of China and the US
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NewsItsu grocery sales to pass £50m thanks to NPD and new listings
Itsu’s grocery arm is on course to pass the £50m revenue mark this year after new listings and NPD drove a £10m-plus jump in third party sales
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NewsCity snapshot: Kris Licht to become Reckitt Benckiser CEO next month
Reckitt Benckiser has announced Kris Licht will take over from Nicandro Durante as CEO on 1 October