All articles by Alec Mattinson – Page 212
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Analysis & FeaturesMorrisons leads on cuts as grocery prices drop to new low
The Grocer Price Index recorded annual deflation of 2.5% in the month to 1 April
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NewsCarrefour sees 3.2% first quarter sales growth
French hypermarket chain Carrefour has seen revenues grow by 3.2% on an organic basis (ex petrol) in the first three months of 2015.
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NewsPoundland’s 99p acquisition faces in-depth monopolies probe
Poundland’s takeover of the 99p Stores chain will be referred for an in-depth investigation “unless acceptable undertakings are offered”, the Competition and Markets Authority has confirmed today.
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NewsMedia bites 9 April: Aldi, Waitrose, Starbucks
This morning’s retail news is dominating by Kantar Worldpanel’s figures yesterday suggesting that Aldi has now overtaken Waitrose as the nation’s sixth largest grocer.
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NewsCity snapshot: Disposals boost Co-op's profits
The Co-op Group has turned a £255m loss in 2013 into a profit of £124m last year despite a fall in group revenues, Cranswick sees volume growth, PZ Cussons trading update and all the rest of the moves and news from the City.
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NewsMedia bites 8 April: Organic food sales, shop prices, tobacco lobbying
Organic food sellers have notched up fruitful growth as economy recovers, according to The Telegraph.
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NewsCity snapshot: Shop prices fall to new lows
High street prices are falling at the fastest rate for a decade, according to the BRC-Nielsen Shop Price Index published this morning, plus all the latest share price moves and news from the City.
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NewsPartner in Pet Food in €315m private equity buyout
European private equity firm Pamplona Capital Management has acquired Hungary’s Partner in Pet Food for €315m (£230m).
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NewsStandard & Poor’s upgrades Bakkavor following refinancing
Credit ratings agency Standard & Poor’s has upgraded the corporate rating of Bakkavor by one notch due to its “resilient performance despite challenging conditions”.
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Analysis & FeaturesM&S defies price war headwinds, but for how long?
The long-awaited rebound in general merchandise has understandably dominated coverage of Marks & Spencer’s full-year trading numbers, but the continued growth in food is no less notable.
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News
Diageo takes control of South Africa’s United National Breweries
FTSE 100 drinks firm Diageo has agreed a deal to acquire the remaining 50% of its South African joint venture United National Breweries.
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NewsMedia Bites 1 April: Business rates, executive pay, B&Q
Businesses in the North and Midlands stand to lose a “staggering” £2.3bn because of the Government’s two-year deferment of the business rates revaluation.
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NewsCity snapshot: Real Good Food explores Napier Brown sale
UK-listed Real Good Food is mulling the sale of its sugar business Napier Brown, PZ Cussons has bought out Glanbia’s 50% stake in Nigerian milk powder JV Nutricima and all the rest of the news from The City this morning.
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NewsMarston’s acquires Wainwright and Lancaster Bomber beer brands
Brewer Marston’s has signed a deal with Daniel Thwaites to acquire its beer division, including Wainwright and Lancaster Bomber ales.
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NewsReckitt Benckiser CEO Rakesh Kapoor’s pay up 64% to £11.2m
The total pay packet of Reckitt Benckiser CEO Rakesh Kapoor rose by almost two-thirds last year to £11.2m less than a year after investors chastised RB’s pay policies at its 2014 AGM.
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NewsFinsbury Food Group eyes further M&A to build £500m business
Finsbury Food Group is eyeing further acquisitions to help grow the bakery and cake supplier into a £500m business.
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Analysis & FeaturesKraft shares jump on news of 'mega-merger' with Heinz
Analyst reception to the announcement was also largely positive, but tempered with a significant amount of caution
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NewsMedia bites 27 March: ONS, Kraft, Warren Buffett
Yesterday’s Office of National Statistics figures on UK retail sales are making plenty headlines this morning.
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NewsCity snapshot: Easter preparation stabilises Waitrose sales
Sales at Waitrose were up 1.9% in the week to 21 March as the supermarket settles into a period of modestly rising sales but declining like-for-likes.
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NewsMedia Bites 26 March: Heinz Kraft, Warren Buffett, Fonterra
It’s little surprise that coverage of the sector is dominated by the $40bn Heinz Kraft merger this morning.