All articles by Alec Mattinson – Page 216
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Analysis & FeaturesTesco and Morrisons shares seesaw in face of fragile recovery
Shares in Tesco and Morrisons shot up this week after data showed the beleaguered supermarkets enjoying significantly impr…
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Analysis & FeaturesFood deflation at new record but prices are actually up
Annual food deflation has reached record levels, but grocery prices were nevertheless higher in January…
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NewsPepsiCo launches share buyback programme after solid year
After Coca-Cola’s upbeat full-year earnings release yesterday, PepsiCo beat market earnings expectations today while announcing a major share buyback.
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NewsReckitt Benckiser targets margin expansion with "project supercharge" efficiency drive
Reckitt Benckiser is embarking on a major cost efficiency drive after beating market expectations with 4% full-year revenue growth.
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NewsMedia Bites 11 February: Tesco, Coca-Cola, Ocado
Tesco’s return to growth after a year of falling sales has plenty of pick up across the media.
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NewsCity snapshot: Reckitt beats expectations amid new efficiency drive
Newly slimmed down consumer goods giant Reckitt Benckiser released a solid set of annual results this morning
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NewsRouble devaluation hits Metro's first quarter earnings
German retail giant Metro experienced a 2.2% fall in reported group sales as the sharp drop in the value of the Russian rouble hit its first quarter trading.
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NewsDiageo CEO Ivan Menezes backs firm with $1m share purchase
Diageo (DGE) may be fighting a global drop in sales volumes, but CEO Ivan Menezes seems to have placed a bet on the spirit group’s share price rising after investing over $1m in Diageo shares.
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NewsTesco returns to growth as overall grocery sales rise
Tesco’s sales were back in the black for the first time in a year, according to the latest grocery share figures from Kantar Worldpanel, as the overall market grew at its fastest rate since last summer.
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NewsMedia Bites 9 February: Tesco, Rexam, Poundworld
The fallout from The Grocer Code Adjudicator’s decision to launch a formal investigation continued over the weekend.
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NewsCity snapshot: New Britain Palm Oil moves to push through takeover
New Britain Palm Oil announced this morning it has cut the offer period for the takeover bid for Sime Darby, plus Tesco’s new demands on suppliers, the latest City news and what’s coming up this week.
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NewsTate & Lyle issues another profits warning on US sweetener weakness
Sucralose producer Tate & Lyle (TATE) has cut profit guidance for the third time in a year as it suffers from low US volumes and low sweetener prices.
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NewsPoundland agrees £55m deal to buy 99p Stores
Poundland has announced it is to buy rival fixed-price discounter 99p Stores this morning in a deal worth £55m.
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NewsCost cutting drives profit growth at McBride
Private label household goods firm McBride has reported a 4.1% revenues fall to £364.7m in the six months to 31 December 2014.
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NewsConsumer healthcare sales dip at GSK in 2014
GlaxoSmithKline’s (GSK) consumer healthcare revenues dipped by 1% last year as the global pharma giant struggled to overcome supply chain problems in the US and Europe.
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NewsPrivate equity firm CD&R sells a further 12% stake in B&M
B&M Bargains could be heading for the FTSE 100 after former private equity owner Clayton Dubilier & Rice floated another 120 million shares in the value retailer.
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NewsMedia Bites 4 February: Ocado, Tesco, Co-op
Ocado’s first annual profit gets significant coverage across the papers this morning.
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NewsCity snapshot: Conviviality Retail buys GT News
Conviviality Retail is back on the acquisition trail after announcing the purchase of East Midlands and Yorkshire convenience chain GT News. Plus, food price deflation, B&M share placement and the latest market news from the City.
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NewsFood deflation hits highest level yet, finds BRC-Nielsen Shop Price Index
Food prices fell by the highest rate ever recorded by the BRC-Nielsen Shop Price Index in January as the New Year price war took hold.
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NewsCity snapshot: Ocado defies the critics with first annual profit
Ocado (OCDO) has finally shaken the “never made a profit” monkey off its back after 15 years of trading this morning.