All articles by Alec Mattinson – Page 221
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NewsFever-Tree gets away £93m IPO
Premium mixer company Fever-Tree Drinks has priced its flotation on London’s AIM , valuing the company at £154.4m.
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NewsBooming Primark sales mask sugar woes at Associated British Foods
Associated British Foods recorded a 3% decline in reported annual revenues as a 16% boost to Primark’s sales was pegged back by continued weakness in its sugar division.
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Analysis & FeaturesUnited 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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NewsUnited 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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NewsDiageo 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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NewsTesco 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 & FeaturesM&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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NewsAB 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 & FeaturesChange 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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NewsChaucer 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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NewsC&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 & FeaturesGloomy 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 & FeaturesSupermarket 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 & FeaturesChiquita-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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NewsMore 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 & FeaturesCity 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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NewsUnilever'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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NewsPremier 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 & FeaturesWoes 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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NewsBAT 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.