All articles by Alec Mattinson – Page 23
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NewsKraft Heinz names Carlos Abrams-Rivera as CEO
The US food giant has announced current North American chief Carlos Abrams-Rivera will become its new CEO
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NewsMedia Bites 16 Aug: M&S, Asda, supermarket inflation
Marks and Spencer is on track to re-enter the FTSE 100 after the UK retailer upgraded its annual profit outlook thanks to robust sales
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NewsM&S hikes profit guidance following strong sales growth
Marks & Spencer has upgraded earnings expectations after a strong start to its new trading year
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NewsCity snapshot: Easing inflation drives grocery sales growth slowdown
UK grocery sales growth fell back sharply in July as price inflation continues to ease, according to the latest market share figures from Kantar
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NewsLotus Natural Foods sales jump 25% amid export growth
The UK snacking arm of Belgian group Lotus Bakeries saw sales jump 25% in the first half of 2023 as its brand continued to grow share in the UK and push into new markets
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NewsPip & Nut wins £1m backing from Greater London Investment Fund
Natural nut butter brand Pip & Nut has received a £1m funding boost to underpin NPD and further growth
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NewsCity snapshot: Clean Food Group completes £2.3m fundraise
UK biotech company Clean Food Group has announced it has raised £2.3m to fund the commercialisation of its oils and fats alternatives technology
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NewsMedia Bites 14 August: Unilever, Wilko, John Lewis Partnership
The new chief executive of Unilever has pledged to look at its decision to continue operating in Russia “with a fresh pair of eyes”
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NewsFood and drink M&A boosted by distressed deals and sunnier economic outlook
The quarterly food and drink M&A report from Grant Thornton found UK industry deal volumes rose for the third consecutive quarter in the three months to the end of June
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NewsCity News: Deliveroo shares jump on profits upgrade
Deliveroo shares were on the up on Thursday despite the takeaway giant cutting its growth forecast, as the City reacted approvingly to increased revenue from fewer customers
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NewsCity snapshot: Recession fears ease as UK GDP jumps 0.5% in June
UK GDP grew by an unexpectedly strong 0.5% in June to take overall growth for the second quarter to 0.2%
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NewsMedia Bites 11 August: Wilko, Deliveroo, Aldi
UK discount retailer Wilko has collapsed into administration after rescue talks with prospective suitors failed
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NewsCity snapshot: Deliveroo ups earnings guidance despite slowing growth
Deliveroo has upgraded its profit guidance for the year despite falling order numbers amid “challenging macroeconomic conditions”
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NewsMedia Bites 10 August: Orange juice, Wilko, CCH
Orange juice futures have hit a record high after hurricanes and disease devastated citrus crops in Florida, raising the prospect of rising soft drink prices
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NewsMedia Bites 9 August: Wilko, Beyond Meat, UK economy
A specialist investor in struggling retailers is exploring a bid to rescue Wilko
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NewsCity snapshot: Wet weather dampens UK retail demand
UK retail sales growth fell back in July as damp weather and persistent inflation hit shopper activity, according to the monthly BRC-KPMG retail sales monitor
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NewsMedia Bites 7 August: Wilko, Haleon, Greggs
Buyers circling Wilko face having to invest up to £70m into the ailing discount chain as part of any rescue deal
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NewsCity News: Diageo a ‘mixed bag’ as US sales slowdown worries investors
Spirits giant Diageo eased back this week despite posting double-digit annual sales growth, as falling volumes and a sales slowdown in its key US market raised investor concern
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NewsCity snapshot: July retail sales rebound despite wet weather
July saw small increase in sales, according to data from accountancy firm BDO, but slowed in the second half of the month by wet weather
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NewsCity snapshot: Bud Light boycott hits AB InBev’s US sales
The world’s largest brewer suffered a sharp sales drop in the US amid political controversy over a Bud Light marketing campaign, to reduce overall sales volumes in its second quarter