All articles by Alec Mattinson – Page 213
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NewsCity snapshot: Unanswered questions over Heinz Kraft's international plans
The global mega-meger of Heinz and US-listed Kraft is the first super-scale merger of this cycle and could now kick off a race of grocery/fmcg consolidation
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Comment & OpinionKraft Heinz Company creates a murky future for British jobs
Will growth be achieved through cost-cutting, and when will repercussions of the deal be clear?
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NewsHeinz and Kraft Foods announce global mega-merger
Heinz and Kraft Foods will merge to create the world’s fifth largest food and drink company after Heinz owner 3G Capital agreed to acquire Kraft.
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NewsHilton revenues fall as prices and currency movements bite
Revenues reduced by 2.3% from £1.12bn to £1.1bn, reflecting a 4.6% unfavourable movement in exchange translation
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NewsMedia Bites 24 March: Morrisons, Tesco, Halfords
Morrisons has been accused by a leading City analyst of issuing a “stealth profit warning”
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NewsCity snapshot: Profits fizz at Irn-Bru maker AG Barr
Irn-Bru maker AG Barr has enjoyed a 10% jump in full year pre-tax profits as sales grew across all its core brands.
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Analysis & FeaturesSmaller players can still prosper in tough grocery market
Much of the commentary around the relationship between grocer and supplier has focussed on the supermarkets squeezing unreasonable terms from under-pressure manufacturers. But this is not necessarily the case.
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NewsFletchers acquisition boosts Finsbury Food Group revenues
Cake and bakery supplier Finsbury Food Group has reported a 24.1% jump in first half revenues after being boosted by its acquisition of Fletcher’s Bakery Group.
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NewsFever-Tree's sales and earnings grow by almost 50%
Sales and earnings at premium drinks mixer supplier Fever-Tree were both up by almost 50% in its first year as a listed company.
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NewsDavid Potts makes £1m show of faith in Morrisons
New Morrisons CEO David Potts has made a public show of faith in the embattled supermarket by buying more than £1m of its shares during his first week in the top job.
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Analysis & FeaturesFood & drink prices plummet as every category is affected
Year-on-year food price deflation across the big four steepened to 2.2% in the month to 1 March
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NewsTesco takes back 21 superstores in British Land property swap
Tesco has taken back full ownership of 21 superstores from property giant British Land in an effort to head off future rental increases.
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NewsCity snapshot: Tesco regains superstores from British Land
Tesco has entered into a £733m property swap with British Land, Waitrose sales boosted by Mother’s Day and all the latest news from the City.
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NewsMedia bites 19 March: the budget, AB InBev, tobacco lawsuits
As might be expected with the general election around the corner, the papers are split strictly down party lines on George Osborne’s sixth budget yesterday. There’s a euphoric reaction from the more Conservative leaning press, with the Daily Telegraph proclaiming the “End of tax on savings”, The ...
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NewsCity Snapshot: Next results suggest economic environment is easing on the high street
Retail sector bellwether Next defied its own autumn warning over trading conditions to post a 12.5% rise in profits this morning, New Britain Palm Oil seeks a new CEO and all the latest news from the City.
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NewsCo-op investor in Glanbia plans to reduce its stake
Glanbia Co-operative Society, the largest investor in Irish food group Glanbia, is to dilute its stake by transferring shares to its members and selling a portion in the secondary market.
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Analysis & FeaturesThe Grocer Says: Sainsbury's beats forecasts but a return to growth remains a distant prospect
Sainsbury’s share were up by 5.5% from their Friday close price early this morning after its fourth quarter like-for-like sales defied doom-mongering forecasts.
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NewsDutch IPO could value Refresco Gerber at €1.3bn
Dutch drinks giant Refresco Gerber will be valued at between €1.07bn and €1.29bn (£770m-£930m) when it floats in Amsterdam later this month.
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NewsMedia bites 17 March: Business rates, pensions and Dunnhumby
The Government’s launch of a “radical” review of business rates sent the sector’s shares soaring yesterday, but retailers only gave a “cautious welcome” to the consultation.
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NewsCity snapshot: Sainsbury's Q4 like-for-like sales down 1.9%
Sainsbury’s like-for-like sales drop in the fourth quarter edges out to 1.9%, while 2 Sisters Food Group owner Boparan has announced a 1.6% fall in second quarter and all the other latest news from the City.