All articles by Alec Mattinson – Page 32
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NewsCity News: Hilton Food Group tries to leave inflation woes in the past
A new CEO and a more bullish outlook was not enough to convince the City Hilton Food Group has fully left last year’s inflation-driven travails in the past
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NewsReal Good Food raises £550k to ride out ‘perfect storm’
Cake decoration specialist Real Good Food has taken out a £550k loan from key investors to see it through a ‘perfect storm’ of rising costs and falling sales
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NewsCity snapshot: THG signs 10-year partnership with beauty and fragrance group Maximo
THG has announced a strategic partnership with beauty e-commerce retailer Maximo Group that will see its Ingenuity platform underpin its online operations
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NewsMedia Bites 5 April: L’Oreal, Hammerson, UK economy
L’Oreal has splashed £2bn on fancy hand wash maker Aesop in its biggest deal in decades
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NewsCity snapshot: UK supermarket sales growth continues to lag inflation
UK supermarkets posted double-digit growth in March, but sales growth continues to lag food price inflation, according to new grocery market share figures
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NewsMedia Bites 3 April: John Lewis Partnership, Co-op, Marks & Spencer
John Lewis Partnership was forced to defend the health of its pension fund after it emerged that the market value of its pension assets had plunged by £2.8bn
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NewsCity news: AG Barr shares hit despite stellar growth
Shares in AG Barr suffered this week despite the Irn-Bru maker posting stellar annual growth, as investors reacted to the impact of investment on margin recovery
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NewsMedia Bites 31 March: Morrisons, Ocado, Planet Organic
Quarterly sales at Morrisons returned to growth for the first time in two years
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NewsCity snapshot: Ocado declares ‘total victory’ in legal battle over technology
Ocado announced last night it had ‘comprehensively won’ a legal battle with rival AutoStore over the intellectual property related to its technology
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NewsCity snapshot: Supermarket Income REIT grocery portfolio value drops by £250m amid rising rates
Supermarket property investor Supermarket Income REIT has seen the value of its portfolio drop by almost £250m over the past six months amid rising UK interest rates
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NewsIntimate female care brand Luna Daily raises £2m as it launches into the US
Luna Daily, the intimate body care brand, has closed a £2m investment round as it scales up to enter into the North American market
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NewsMedia Bites 29 March: EG Group/Subway, Planet Organic/Waitrose, Diageo
The owners of Asda are said to be planning an £8bn takeover of Subway
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NewsBoots posts double-digit growth after strong Christmas sales
Pharmacy chain Boots has posted double-digit growth in its second quarter, driven by strong Christmas trading and beauty sales
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NewsOcado Retail sales edge up on pricing and increased customer numbers
The online retailer’s first quarter revenues were up 3.4% year on year to £584m
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NewsDiageo names Debra Crew as new CEO as Ivan Menezes steps down
Menezes has decided to retire on 30 June 2023 after 10 years running the spirits giant, to be replaced by current COO Crew
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NewsCity snapshot: Grocery price inflation hits new high of 17.5%
Grocery price inflation reached a new high of 17.5% over the four weeks to 19 March, costing households an additional £837 on their annual supermarket bills. Plus, Diageo names new CEO, Ocado Retail sales edge up in first quarter, AG Barr posts strong annual growth amid margin compression and all the rest of the latest news from the City
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NewsMedia Bites 27 March: John Lewis, Asda, Boots, Ocado
It would be a tragedy if John Lewis were to change is staff-ownership model, a former boss of the retailer has said
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NewsCity News: Shares recovery at Fever-Tree on investor optimism for 2023
Fever-Tree shares are 35% down year on year and more than 55% down since the start of 2022 Fever-Tree shares jumped this week, despite a heavy fall in annual profits. Investors breathed a collective sigh of relief on assurances its profits this year would be in line ...
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NewsUnrooted secures £1.1m to help boost UK distribution
The baobab-infused drinks supplier has raised £1.1m through backing from a variety of family offices and individual investors.
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NewsCity snapshot: C&C Group profits rise despite ‘challenging trading backdrop’
Drinks supplier C&C Group has announced its full year profits will be in line with revised expectations and it will recommence dividend payments despite a ‘challenging trading backdrop’