All articles by Alec Mattinson – Page 26
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NewsCity snapshot: Packaging giant DS Smith reports soaring profits despite volume declines
FTSE 100 packaging giant DS Smith has reported a double-digit hike in profits despite falling volumes in key markets as e-commerce growth tailed off last year
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NewsAdamo Foods secures £1.5m funding to bring meat alternative steak to market
UK-based Adamo Foods has secured £1.5m in funding to develop meat alternatives products and bring them to market
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NewsOscar Mayer appoints new leadership following ownership change
UK ready meals supplier Oscar Mayer has hired a new leadership team following a change in ownership
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NewsMedia Bites 21 June: Grocery inflation, minimum wage, Ocado
The pace of grocery inflation has eased to its slowest monthly rate this year, according to industry data that backs hopes the worst may be over
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NewsGrocery price inflation eases to its lowest level since 2022
Like-for-like grocery price inflation has dropped to its lowest level since 2022 and now sits at 16.5%, according to the latest market share data from Kantar
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NewsTony’s Chocolonely nets £17m to drive global growth
The ethical confectionery maker has raised €20m (£17m) to accelerate its “mission of ending exploitation in the cocoa industry”
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NewsMedia Bites 19 June: Tesco, anti-obesity measures, McColl’s
The chief executive of Tesco has said food inflation has probably peaked but that prices are likely to stay high
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NewsOcado gets vote of confidence with ‘much better outlook’
Analysts at BNP Paribas Exane upgraded the online retail pioneer from ‘sell’ to ‘neutral’
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Analysis & FeaturesWhere startups find funding when investment dries up
Rising inflation rates and a cost of living crisis are scaring investors off food and drink challengers
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NewsCity snapshot: Tesco UK sales up 9% amid ‘encouraging’ signs on inflation
Tesco has grown its UK like-for-like sales by 9% in its first quarter as its CEO points to ‘encouraging early signs that inflation is starting to ease’
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NewsIndian coffee player plots UK retail push after acquisition
India’s largest instant coffee manufacturer is planning a push into the UK retail space after buying a collection of brands from Löfbergs Group
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NewsCity snapshot: Unilever buys US premium yoghurt brand Yasso
Unilever has announced it has agreed to buy US-based premium frozen Greek yoghurt brand Yasso
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NewsMedia Bites 14 June: Sainsbury’s/Asda, Yo! Sushi, Ocado
Sainsbury’s and Asda have been told to stop using ‘unlawful’ land agreements to prevent rival supermarkets from opening competing stores nearby
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NewsYo Sushi owner Snowfox Group sold for £495m to Japan’s Zensho
The Snowfox Group has been transformed from a small UK-based restaurant chain to an omnichannel, multinational sushi operation
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NewsPernod Ricard buys Canadian RTD player ABG for £100m
French spirits group Pernod Ricard has acquired a 90% stake in Canada’s largest ready-to-drink sector player at an enterprise value of CAD165m (£99m).
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NewsMedia Bites 12 June: Food taxes, Waitrose, French food prices
The boss of one of the UK’s biggest food firms is calling for higher taxes on salty, fatty and sugary foods
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NewsThorntons back in the black after shift from retail outlets to fmcg
Thorntons has bounced back into profit for the first time since its acquisition by Ferrero in 2015, as it reaped the benefits of shuttering its flagging retail estate
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NewsPrinces owner holds out for higher price
The Japanese owner of Princes is determined to press ahead with a sale of the brand this year despite initial bids falling short of expectations
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NewsCity snapshot: UK retail sales fall for the first time in three years
Like-for-like UK retail sales fell back in May to end a 26-month run of positive growth, according to figures from BDO
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NewsMedia Bites 9 June: Tesco, EG Group, Amazon
The consumer group Which? has reported Tesco to the UK’s competition watchdog over its failure to provide detailed pricing information on its loyalty card offers