All articles by Alec Mattinson – Page 28
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NewsMedia Bites 31 May: Asda/EG Group, price caps, Unilever
The billionaire Issa brothers have agreed to sell EG Group’s UK and Ireland petrol and forecourt operations to Asda in deal that will add £770m in new loans to the business empire’s heavy debts
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NewsAsda confirms £2.27bn acquisition of EG Group UK and Ireland
Asda has announced it has agreed to buy EG Group’s UK and Ireland operations for an enterprise value of £2.27bn
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NewsCity snapshot: Asda confirms £2.27bn acquisition of EG Group UK and Ireland
Asda has announced it has agreed to buy EG Group’s UK and Ireland operations for an enterprise value of £2.27bn
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NewsBettys & Taylors hit by soaring tea and coffee supply costs
Yorkshire Tea supplier Bettys & Taylors recorded a slowdown in growth last year and profits hit by soaring costs in its tea and coffee supply chain
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NewsM&S impresses City as ‘longest’ turnaround gathers momentum
Marks & Spencer shares jumped to 15-month highs this week on evidence it is finally emerging from what has been dubbed the ’longest turnaround in corporate history’
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NewsCity snapshot: UK retail sales bounce back in April
UK retail sales volumes have bounced back to growth of 0.5% in April, following a fall of 1.2%
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NewsIncredo raises $30m to back sugar binding technology growth
Incredo Sugar, formerly known as DouxMatok, purports to be able to reduce sugars used in sweet foods by 30%-50%
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NewsCity snapshot: Pets at Home posts record sales but margins shrink
Retail group Pets at Home posted record revenues of more than £1.4bn last year, but margins were hit by rising costs and energy prices. Plus trading updates from Fever-Tree and Tate & Lyle
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NewsMedia Bites 24 May: Food price inflation, SSP Group, Ocado
Britain’s food manufacturers have rejected government claims that they are stoking inflation
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NewsCity snapshot: Grocery price inflation continues to ease
Grocery price inflation has edged back down for the second consecutive month, according to the latest market share data from Kantar
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NewsMedia Bites 22 May: Tesco, Marks & Spencer, Sainsbury’s
Tesco’s chair, John Allan, is to step down next month after eight years in the role
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NewsPremier Foods shares surge following upgrade to expectations
Premier Foods shares surged to 12-year highs this week after the ambient supplier beat upgraded expectations
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NewsFood and drink M&A dealmaking sees green shoots of recovery
Food and drink dealmaking showed signs of recovery in the first quarter of 2023, suggesting activity could bounce back from a weak 2022
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NewsCity snapshot: C&C Group CEO steps down amid €25m hit from software upgrade
C&C Group has announced a change in leadership as it revealed to the City it faces a €25m charge associated with a problematic upgrade of its software for its distribution operations
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NewsMedia Bites 19 May: Asda, Riverford, Consumer confidence
Asda has been accused of using ’fire and rehire’ threats to reduce pay for 7,000 staff as it restructures the business
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NewsCity snapshot: Premier Foods profits beat expectations
Premier Foods has posted double-digit annual growth in sales and trading profits as price rises and cost savings mitigated ’exceptionally high’ input cost inflation
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NewsMedia Bites 17 May: Downing Street food summit, Greggs, Diageo
Rishi Sunak’s Downing Street food summit has been described as “empty” by food and farming industry representatives
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NewsCity snapshot: Britvic profit rises following pricing hikes
Robinsons owner Britvic has posted a double-digit rise in profits in the first half, as margins improved on pricing growth and a reduction of marketing spend
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NewsSymington’s profits increase despite drop in sales
The food group’s profits rose in its first full year under ownership of Newlat as it reduced ranges to focus on profitable categories
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NewsMedia Bites 15 May: John Lewis Partnership, food price inflation, Tesco
More than half of the 61-strong partnership council of John Lewis have delivered a stinging rebuke to Dame Sharon White and her leadership