All articles by Alec Mattinson – Page 33
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NewsMedia Bites 22 March: Just Eat, Tesco/Clubcard, John Lewis
Just Eat Takeaway will stop employing its own workers in the UK, as it reverses a high-profile effort to reduce reliance on the gig economy
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NewsCity snapshot: British Honey Co calls in administrators
Listed producer of honey and spirits British Honey Co has announced its intention to appoint administrators following the failure to raise critical funds
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NewsMedia Bites 20 March: John Lewis Partnership, Princes Foods, THG
Speculation was rife over the future of John Lewis at the weekend, with reports suggesting it may dilute its 100% employee ownership to raise fresh investment
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NewsCity News: City harbours doubts over Deliveroo’s profitability progress
Deliveroo trumpeted it had made “excellent progress” on the path to profitability this week. However, concerns persist in the City over its ability to turn market share into profits amid tightening consumer spending
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NewsCity snapshot: Carlsberg names new CEO to replace retiring Cees ’t Hart
Danish brewing giant Carlsberg hired an external candidate, Jacob Aarup-Andersen, to replace Cees ’t Hart as CEO. Plus, Aldi increases store staff pay, Unilever restarts share buyback scheme and all the rest of the latest news from the City
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NewsCity snapshot: John Lewis Partnership swings to £234m loss as it warns of job cuts
The John Lewis Partnership has plunged to a £234m loss on property writedowns and a drop in core profitability at both retail brands, while warning of future job cuts and declining to pay a staff bonus
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Comment & OpinionBudget fails to alleviate pressure on companies caught in cost of living crossfire
After the chaos unleashed by the mini-budget last November, Jeremy Hunt’s ‘steady as she goes’ budget was not exactly unwelcome – though it left grocery industry participants frustrated that more help isn’t being offered
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NewsSteven Bartlett’s Flight Fund invests $2.5m in personalised nutrition player Zoe
Dragons’ Den star Steven Bartlett has made a $2.5m (£2.1m) investment in personalised nutrition specialist Zoe via his newly launched $100m Flight Fund investment vehicle
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NewsMedia Bites 15 March: Asda/Co-op, Tesco, Sainsbury’s
Asda’s £600m takeover of the Co-op’s petrol forecourts could raise prices or lead to less choice, the competition watchdog has warned
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NewsCity snapshot: Virgin Wines launches ‘full business review’ after sales and profits plunge
Online wine merchant Virgin Wines has launched a ‘full business review’ as pressure on consumer spending hit first half sales and profits. Plus, Sainsbury’s buys £430m property portfolio and Eagle Eye upgrades earnings expectations
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NewsMedia Bites 13 March: Tesco, Fever-Tree, Scrumbles, greedflation
Suppliers have hit back at Tesco over fees to sell produce online, warning that new fees imposed by Tesco could put them out of business
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NewsHectare raises almost £17m to bring agritech to global market
The $20m Series A funding will support the rollout of its digital agricultural supply chain software to trace, transact and transport commodities
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NewsCity snapshot: Footfall growth slows as high streets and shopping centres outperform retail parks
According to the monthly BRC-Sensormatic IQ Footfall Monitor UK retail footfall fell back in February after Christmas and the January sales amid concerns that shoppers are making fewer visits to the shops due to pressures on the cost of living
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NewsCity snapshot: Haleon boosted by strong ‘power brands’ growth in debut annual results
Consumer health group Haleon has posted a double-digit revenue and profits jump in its first annual results as a listed company
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NewsMedia Bites 1 March: Ocado, Sainsbury’s/Argos, grocery inflation
Annual losses at Ocado have skyrocketed as shoppers cut back on online grocery purchases and costs were driven up by inflation and technology spending
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NewsHousehold goods player McBride points to further price hikes as it cuts losses
Private label househole goods manufacturer McBride said it had delivered a first half performance in line with its business recovery plan, despite facing a further spike in costs in the period
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NewsGrocery inflation hits new 17.1% high as discounter growth soars
Grocery price inflation has soared to a new high of 17.1% as the discounters continue to rapidly take share from the major supermarkets
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NewsCity snapshot: Ocado shares slump as annual loss hits £500m
Ocado has posted a statutory loss of over £500m after a slowdown in its retail operations, sharply rising costs and one-off charges hit its bottom line. Plus, Kantar finds grocery inflation hits new high, profits and sales up and Kitwave and McBride posts first half recovery
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NewsMedia Bites 27 Feb: Fruit & veg shortages, Reckitt Benckiser, Waitrose
Shortages of some fresh fruit and vegetables such as tomatoes and cucumbers could be the ‘tip of the iceberg’, the National Farmers Union has said
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NewsCity News: Mixed feelings on Danone’s turnaround progress
Danone shareholders were boosted this week by better-than-expected end of year numbers, but debate remains over how far along the dairy giant is on the path to turnaround