All articles by Alec Mattinson – Page 30
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NewsCity snapshot: Grocery sales growth falls back despite bumper Easter
Grocery sales growth fell in April as sales volumes dropped, despite a strong Easter with £3.1bn spent at the tills
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NewsMedia Bites 3 May: THG, Starbucks, Ocado
A former chief executive of Coty has been drafted in to help Apollo Global Management draw up a firm offer for THG
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NewsCity snapshot: Food inflation hits new high but pricing predicted to ease
Food inflation reached another record high in April but the rate of price inflation may have peaked
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NewsMedia Bites 2 May: John Lewis Partnership, grocery inflation, THG
John Lewis is slashing the size of its central London headquarters by more than half, after thousands of staff left their desks to work from home
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NewsSainsbury’s beats market expectations but pledges continued price investment
Sainsbury’s annual profits beat market expectations and its outlook was rosier than City watchers had feared. However, shares fell on Thursday as the supermarket warned it would continue to invest in price to maintain market share.
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NewsCoffee logs supplier Bio-Bean collapses following on-site fire
The supplier, which makes fuel from recycled coffee grounds, appointed KRE Corporate Recovery as administrator this month
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NewsCity snapshot: UK vacancy rate stabilises amid retailer caution
The UK retail vacancy rate ended five quarters of post-Covid improvement in the first three months of 2023, remaining at 13.8% amid widespread caution in the retail sector.
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NewsCity snapshot: Sainsbury’s profits slide as retail margins contract
Sainsbury’s has reported lower annual profits despite an inflation-driven 5.3% in sales. Plus trading updates from Unilever, Carlsberg, Hotel Chocolat and more
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NewsGrosvenor increases food technology investments
Global property group Grosvenor increased its investment into food and agriculture firms last year, despite the macro-economic headwinds facing the sector
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NewsCoke bottler CCEP to continue raising prices despite easing inflation
Coca-Cola Europacific Partners has said it will continue to take action on pricing in 2023 despite double-digit price increases in the first quarter
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NewsMedia Bites 26 April: Nestlé, British American Tobacco, Ocado
Nestlé raised prices at close to the fastest pace in more than three decades last quarter but lost only a small amount of volume
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NewsCity snapshot: Nestlé first quarter volumes slip back as price hikes near 10%
Nestlé has reported organic growth of over 9% despite a dip in sales volumes. Plus ABF margins hit by cost inflation, Ocado to shut CFC, trading improves at McBride and all the rest of the latest news from the City
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NewsNew data-based consultancy launched for fmcg startups
Two former PepsiCo executives have launched a new consultancy firm looking to support growth food and drink players with data insights
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NewsMedia Bites 24 April: Unilever, Sainsbury’s, Itsu, THG
Backers of consumer goods company Unilever have demanded further sell-offs
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NewsHuel suffers £10m loss despite sales growth
Losses topped £10m at meal replacement brand Huel last year despite surging sales growth
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NewsCity News: THG investors buoyed by possible takeover as losses deepen
Long-suffering THG investors were buoyed by news of another suitor exploring taking the beleaguered group back private, but enthusiasm was dented by heavier-than-expected annual losses just a day later
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NewsHalewood losses hiked by cost of moving JJ Whitley out of Russia
The costs covered repurposing its distillery in Chorley and seeking new glass suppliers amid international shortages
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NewsNestlé agrees European frozen pizza joint venture with PAI PArtners
Nestlé and private equity firm PAI Partners have agreed to set up a joint venture for Nestlé’s frozen pizza business in Europe
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NewsCity snapshot: UK retail sales fall in March as shoppers cut back
UK retail sales volumes fell back in March as soaring inflation, food availability and wet weather hit shopping activity
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NewsMedia Bites 21 April: WH Smith, Deliveroo, Pepco Group
WH Smith’s profits have more than doubled thanks to a rebound in airport passenger numbers and the opening of new stores