All articles by Alec Mattinson – Page 24
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NewsMedia Bites 2 August: Alcohol duty/Diageo, Greggs, AG Barr
The world’s biggest spirits group has branded the government’s new alcohol duty regime as a stealth tax that will push up prices for consumers
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NewsPopeyes UK secures £50m injection to roll out new restaurants
Popeyes UK, the fastest-growing QSR chicken brand, has received backing worth £50m from private equity giant TDR Capital to drive its expansion
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NewsKerry Group acquires Shanghai Greatang Orchard Food Co
Kerry Group has announced the acquisition of 100% of China-based foodservice player Shanghai Greatang Orchard Food Co
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NewsCity snapshot: Diageo posts double-digit annual growth on strong pricing
Spirits giant Diageo has posted net sales growth of 10.7% driven by price rises and premiumisation, which mitigated a drop in sales volumes. Plus sales jump at Greggs, AG Barr CEO to step down, food inflation falls and all the rest of the news from the City
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NewsMedia Bites 31 July: Sainsbury’s, British American Tobacco, Unilever
The boss of Sainsbury’s has called for people working on farms and in factories to be added to the official shortage occupation list
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NewsCity News: Unilever beats expectations but falling market share concerns City
Unilever shares were buoyed increasing margins and sales that beat expectations in the first half, but concerns were raised over its falling market share as pricing hampered volumes
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NewsWarburtons profits hit by soaring input costs
Soaring input costs have slashed profits at baker Warburtons, though it has continued to grow sales in a “very competitive” market
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NewsCity snapshot: Unilever hires Compass Group’s Ian Meakins as chair
Unilever has announced the appointment of Ian Meakins as chair designate to replace outgoing chair Nils Andersen
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NewsOcado Solutions CEO Luke Jensen to step down
John Martin, current non-executive director at Ocado, will be appointed as CEO of Ocado Solutions on 1 September 2023
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NewsCity snapshot: Nestlé raises sales guidance on strong first half pricing
Nestlé has raised its full year sales outlook after better than expected price-driven growth in the first half of the year. Plus Britvic buys two bolt-on drinks brands and Ocado Solutions CEO steps down
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Comment & OpinionWhy Unilever’s bumper profits are not all they seem
The news of Unilever’s near-double digit first-half sales growth and improved margins raised some eyebrows yesterday amid regulatory scrutiny of food and drink suppliers
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NewsMedia Bites 26 July: Unilever, THG, Compass Group
Consumer goods group Unilever has said inflation has peaked, as it reported better than expected sales growth in the first half of the year
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NewsCity snapshot: Unilever grows margins on pricing increases
Unilever increased its margins in the first half of its financial year, despite €1.6bn of input inflation. Plus updates from Compass Group and Greencore and grocery market share data from NIQ
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NewsMedia Bites 24 July: Asda/Morrisons, Ocado, Wilko
Private equity backed supermarkets Asda and Morrisons did not pay a penny of corporation tax last year
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Analysis & FeaturesAre supermarkets really profiteering on fuel? This is the data
The public seems unimpressed by supermarkets’ selling fuel at a higher margin – but they are keen to disprove allegations of ‘greedflation’
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NewsCity snapshot: McBride ups guidance after strong end to the year
Shares in household goods manufacturer McBride have jumped this morning after it confirmed it had moved back into profitability in the current financial year
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NewsCity Snapshot: Domino’s Pizza Group brings in new CEO
Domino’s Pizza Group has announced the the appointment of Andrew Rennie as its new CEO. Plus trading updates from Pepco and C&C Group
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NewsMedia Bites 12 July: Battery eggs, shoplifting, John Lewis
Battery eggs should not be sold in the UK as part of post-Brexit trade deals, animal welfare groups said
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NewsCity snapshot: Warm weather boosts June retail sales
The hottest June on record boosted UK retail sales last month, according to the BRC-KPMG Retail sales monitor, though sales growth continues to significantly lag inflation
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NewsMedia Bites 10 July: M&S/Ocado, Iceland, Sainsbury’s
M&S looks to refresh its ailing Ocado deal, with an Ocado Retail “reset” under way