All articles by Alec Mattinson – Page 218
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Analysis and Features
United Biscuits' private sale was inevitable once the IPO market closed
The long wait for a significant IPO of a UK food and drinks business goes on after United Biscuits was sold to Turkey’s Ulker today.
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News
United Biscuits sold to Turkey’s Yildiz Holding
United Biscuits has been sold to Yildiz Holding, the Turkish owner of Ulker Biskuvi.
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News
Diageo swaps Bushmills for tequila brand Don Julio
Diageo buys tequila brand Don Julio Diageo has agreed to buy tequila brand Don Julio from Mexico’s Casa Cuervo with Irish whiskey brand Bushmills going the other way as part of the deal. Diageo said the transaction will result in a net payment of $408m going to ...
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News
Tesco teeters on junk status as Morrisons rated 'better risk'
Morrisons is a more financially sound business than Tesco with a more coherent turnaround strategy…
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Analysis and Features
M&A may be brewers' easiest route to growth
AB InBev’s third quarter figures came in well below expectations today – illustrating the mounting challenge for global fmcg companies to sustain growth.
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News
AB InBev hit by slowdowns in US, Russia and China
Global brewing group AB InBev posted below expectation growth this morning, with third quarter revenue rising by 2.3% as overall beer volumes fell thanks to a slowdown in US and China.
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Analysis and Features
Change in the air for C&C Group whatever happens to Spirit bid
C&C Group caused a stir last week when news broke of its potentially transformative bid for Spirit Pub Company – its first half results this morning were a source of considerably less excitement.
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News
Chaucer Foods buys 65% stake in US snack firm Crunchies
UK-based food group Chaucer has agreed to buy a controlling stake in US health snack specialist Crunchies Food Company.
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News
C&C Group’s profits hit by slowdown in England and the US
Drinks manufacturer C&C Group reported a 2.7% fall in first half operating profit as warned of “intensively competitive trading” in England and Wales and a “disappointing” performance in the US.
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Analysis and Features
Gloomy predications for European tobacco market
Profits are set to plunge in the European Tobacco Industry as cigarette-makers struggle against the long-term decline in sales volumes.
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Analysis and Features
Supermarket struggles as much about volume as price
The escalating grocery price war has made for some great headlines, but the supermarkets’ plunging sales are at least as affected by falling volumes as they by battles over pricing.
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Analysis and Features
Chiquita-Fyffes: Banana mega-merger goes rotten
After months of twists and turns, Chiquita shareholders today delivered a fatal blow to its merger plans with Fyffes to create the world’s largest banana supplier.
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News
More food and drink IPOs likely to be deferred until 2015
As Marfrig delays its decision to float Moy Park until 2015, corporate finance specialists are predicting more owners of f…
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Analysis and Features
City news: sheer scale of Tesco's problems sends shares plummeting
Everyone knew Tesco’s day of reckoning would be bad, but the sheer scale of the problems afflicting the UK’s biggest super…
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News
Unilever's third quarter revenues hit by currency headwinds
Unilever has reported third quarter underlying sales growth of 2.1%, but foods remained the group’s worst performing category.
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News
Premier Foods dampens profit expectations as Q3 sales fall 4.7%
Premier Foods has reported a 4.7% drop in third quarter underlying sales and said its full year profit will be at the lower end of expectations.
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Analysis and Features
Woes in food retail extend beyond the supermarkets
Shoppers’ changing habits have hit the wider food retail sector Tesco will dominate the headlines tomorrow, but the beleaguered retailer is not the only UK food and drink firm suffering in the current market. One of the more notable findings of a report on the financial health ...
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News
BAT cigarette volumes decline in 'challenging' market
British American Tobacco has reported a small fall in cigarette volumes in the first nine months of the year as its headline revenues were hit by currency movements.
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Analysis and Features
Fyffes-Chiquita merger looks increasingly likely to get thumbs up
The saga of the merger between Fyffes and Chiquita to create the world’s biggest fruit company could be entering the finishing straight.
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News
Ocado-listed health drinks specialist goes into liquidation
A health tea specialist with listings at Ocado and Holland & Barrett is going through liquidation proceedings…