All articles by Alec Mattinson – Page 215
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News
Media bites 2 March: Unilever, Warren Buffett, Morrisons
Investors call on Unilever should sell its underperforming Flora margarines business and buy more personal care companies
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City snapshot: Supermarket price war derails Thorntons' strategic plans
Thorntons’ shift from a retail-focussed business to an fmcg supplier is not quite going according to plan after a 10% fall in first half pre-tax profits. Plus, this week’s City diary and all the latest news from the market.
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Media bites 27 February: B&Q, David Potts, British American Tobacco
The supermarkets are not the only retailers turning the screw on their supply chain
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City snapshot: Fyffes plans more M&A activity after Chiquita deal collapse
Irish banana importer Fyffes saw a small increase in full year revenues last year as it faces life as an independent company, plus Waitrose’s latest sales figures, New Britain Palm Oil results and all the latest news from the City.
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Iglo Group 'repositions' to deal with fall in frozen sales
Birds Eye owner Iglo Group was hit by declining sales last year as increasingly tough conditions in the frozen sector…
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Whole Foods Market’s UK losses halve amid booming sales
The UK arm of US grocery chain Whole Foods Market has cut its annual pre-tax loss by almost half as its sales increased by a quarter last year.
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Media Bites 26 February: Morrisons, Dave Lewis, Mark Price
David Potts’ appointment as Morrisons’ new CEO dominates the business headlines.
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City snapshot: AB InBev announces $1bn share buyback and dividend hike
The world’s largest brewer AB InBev (ABI) has announced a $1bn share buyback programme and predicted that its beer volumes will rise in 2015. Plus, British American Tobacco’s sales decline beats expectations, Morrisons shares rise and the all the other latest news from the City.
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News
Sports nutrition drives Glanbia's 6.9% annual revenue boost
Irish sports nutrition and ingredients group Glanbia has reported a fifth consecutive year of double-digit earnings growth.
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Kerry Foods snaps up UK hot dog seller Rollover
Irish food group Kerry Foods has signed a deal to buy the UK’s largest premium hot dog seller Rollover Hot Dogs.
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British American Tobacco explores delisting Brazilian subsidiary Souza Cruz
British American Tobacco has confirmed it is “evaluating” putting together a deal to buy the quarter of Brazilian subsidiary Souza Cruz it does not currently own.
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ABF expects first half earnings dip as sugar weakness hits profits
Associated British Foods has announced it is trading in line with expectations in a pre-close statement, as the strong growth in Primark continues to be offset by weakness in its sugar business.
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Media Bites 23 February: Morrisons, Sainsbury's, Tesco
The big grocery sector news over the weekend was the emergence of former Tesco executive David Potts as the frontrunner to take up the daunting challenge of leading Morrisons’ turnaround.
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City snapshot: ABF reassures market over first half trading
Associated British Foods (ABF) has said that underlying trading remains in line with expectations as strong Primark sales have been negated by weakness in its sugar division. Plus, packaging firm DS Smith announces acquisition and all the other latest news from the City.
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Analysis & Features
Currency exchange rate volatility: does it matter?
Does the impact of currencies matter? Yes, say investors. So who’s best positioned, and what can you do?
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Media Bites 20 February: Asda, Majestic Wine, Co-op
Asda’s fourth quarter numbers are given a heavy amount of column inches
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City snapshot: Waitrose records weekly sales fall
Waitrose’s reveals weekly sales fall, plus Asda’s fourth quarter sales decline and all the latest from the City.
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Nestlé predicts 2015 revenue improvement despite headwinds
Nestlé has insisted it will hit its long-term target of 5% organic growth despite falling short of that figure last year amid an slowdown in emerging markets and the strengthening Swiss franc.
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Media Bites 17 February: Tesco, Ferrero, tobacco packaging
The weekend story that ITV chairman Archie Norman is in the frame to become the new Tesco chairman is heavily followed up in this morning’s papers
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City snapshot: Late entrant Archie Norman now looks favourite for Tesco chairmanship
The process of finding a new Tesco chairman looks far less like the coronation it seemed two weeks ago, with observers now picking late entrant Archie Norman as favourite for the post.