All articles by Alec Mattinson – Page 225
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Analysis & FeaturesUK food and drink M&A numbers drop as supply lags demand
Now we’re back from the summer malaise, the food and drink M&A market is spluttering into life once more.
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NewsFyffes and Chiquita postpone shareholder votes
The protracted merger of banana producers Fyffes and Chiquita is no nearer a conclusion after the pair postponed shareholder votes to approve the deal.
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NewsHilton Food Group hit by currency movement and lower meat prices
Meat packing firm Hilton Food Group saw a fall in first half revenues despite rising volumes as currency movement and lower raw material prices took their toll.
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Analysis & FeaturesABF's grocery business stabilises in Primark's shadow
Associated British Food’s grocery sales will fall this year, but underlying performance provides more reason for cheer/
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NewsABF weighed down by weak sugar sales
Associated British Foods expects to see improved full-year profits despite “substantially lower” revenues and earnings from its sugar business.
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Analysis & FeaturesHow realistic are suppliers' bullish growth expectations?
The supermarket price war should logically result in retailers turning the screw on food and drink producers, but suppliers are rather more upbeat about their own growth prospects.
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NewsBirds Eye operating profits rise in spite of horsemeat scandal
Birds Eye shook off the impact of Horsegate to post a 15.8% increase in operating profit last year…
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Analysis & FeaturesTesco struggles for momentum as Dave Lewis takes the reins
If Dave Lewis were under any misapprehensions as to the size of the challenge, his first week will have set him straight…
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Analysis & FeaturesThe collapse of food inflation ratchets up pressure on supermarkets
A sometimes overlooked factor behind the current supermarket woes has been the almost complete disappearance of food inflation.
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NewsMetro sells its 9% stake in Booker
German retailer Metro has sold its entire stake in Britain’s biggest cash-and-carry wholesaler Booker for £196m.
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Analysis & FeaturesIs the only way now up for Morrisons?
Last week’s market share data suggested Morrisons had turned a corner, but the supermarket still has plenty of hard work ahead.
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Analysis & FeaturesSupermarkets' bumper dividends look to be a thing of the past
Tesco’s savage dividend cut on Friday signifies that the supermarket sector’s industry leading dividend yields are no longer sustainable.
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NewsHeinz Tomato Ketchup props up ailing Beanz and Soups
Sales of Heinz Beanz and soups fell in the UK last year – with Heinz Tomato Ketchup one of the few bright spots.
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NewsTesco profit warning clatters supermarket shares
The listed UK supermarkets experienced heavy share price falls this morning after Tesco’s shock profit warning.
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Analysis & FeaturesOcado: few signs of consensus emerging
Ocado shares plunged by over 13% after a savage downgrade by broker Redburn.
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Analysis & FeaturesMorrisons shares hit highest point since June
The market left little doubt as to its winners and losers from this week’s Kantar Worldpanel figures.
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NewsSupply chain manager Enterprise Foods in £30m buyout
Supply chain management specialist Enterprise Foods has been bought in a £30m MBO led by its current chairman and backed by private equity firm Hattington Capital.
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NewsPasta Reale falls into administration costing 169 jobs
Pasta Reale has collapsed into administration resulting in the loss of 169 jobs two years after a private equity buyout.
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NewsEmmi cuts earnings forecast after poor trading in Italy
Swiss dairy group Emmi’s shares opened 6% lower this morning after it downgraded its full-year earnings forecast.
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NewsFyffes and Chiquita find new cost savings from proposed merger
Fyffes and Chiquita have announced their proposed merger would generate an additional $20m of annualised cost savings in a bid to convince investors to back the deal.