All articles by Alec Mattinson – Page 35
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NewsEl Rayo Tequila secures £870k investment to fund UK growth
London-based premium tequila brand El Rayo has raised £870k in new funding as it aims to double sales in 2023
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NewsCity snapshot: Shoppers cut back grocery spending post-Christmas
British shoppers are reining in grocery spend post-Christmas, as UK supermarkets experienced a continued decline in volume sales during January
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NewsMedia Bites 6 February: Iceland, Morrisons/Tesco, Unilever
A leading credit insurer has pulled cover for suppliers to Iceland as the jump in energy costs piles pressure on the frozen food chain ahead of a crunch refinancing
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NewsCity News: Market struggles to untangle implications of Bestway’s Sainsbury’s investment
Bestway’s shock investment in Sainsbury’s last week sent City tongues wagging and the supermarket’s shares to 11-month highs as the market attempted to decipher the implications
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NewsThis named fastest-growing food brand in Fast 50 ranking
The brand’s rapid growth and heavy investment has propelled it to the top of Alantra’s annual Fast 50
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NewsCity snapshot: Retail footfall recovers as workers and tourists return
Retail footfall continues to recover towards pre-pandemic levels in January as the return of office workers and international tourists boosted high street numbers
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NewsCity snapshot: Cranswick sales accelerate amid strong consumer demand for meat
Pork and poultry producer Cranswick saw revenues accelerate in the third quarter as volume growth and higher prices contributed to growth
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NewsMedia Bites 1 February: Tesco, Pets at Home, THG
Tesco buys Paperchase brand and announces a shake-up of its shop management in large UK stores
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NewsCity snapshot: Grocery price inflation soars to new record high
UK supermarket sales rose by 5.7% in January, according to the latest market share figures from Kantar, though this was significantly lower than the record 16.7% price inflation recorded in the month
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NewsMedia Bites 30 January: Bestway/Sainsbury’s, Asda, Caffè Nero
The billionaire family that has taken a £200m stake in Sainsbury’s discussed a takeover of the supermarket
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NewsCity News: Diageo posts strong growth but shaky US performance knocks shares
Investors toasting double-digit sales and profit growth at Diageo found their good cheer soured this week by a sharp share price drop, as attention fell on stuttering growth in the US
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NewsBestway Group takes stake in Sainsbury’s
Costcutter owner Bestway Group has announced this morning it has taken a 3.45% stake in Sainsbury’s and may buy further shares in the supermarket
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NewsCity snapshot: Bestway Group takes 3.45% stake in Sainsbury’s
Costcutter owner Bestway Group has announced this morning it has taken a 3.45% stake in Sainsbury’s and may buy further shares in the supermarket
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NewsCity snapshot: Diageo sees surging sales and profits as consumers retain taste for premium drinks
Spirits giant Diageo has posted strong growth in first-half sales and profits as consumers continue to flock to its premium portfolio despite rising prices. Plus, Greencore downgrades expectations on lower food to go volumes and trading updates from Fever-Tree, Britvic and Tate & Lyle
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NewsVirtual restaurant brand Peckwater pushes further into Europe
Virtual restaurant brand player Peckwater Brands has expanded its reach further into Europe with the acquisition of competitor Eatclever
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NewsMedia 25 Jan: Amazon, Primark/ABF, insolvencies
Amazon workers in Britain are taking strike action for the first time, with a third of staff walking out at a warehouse in Coventry in a dispute over pay
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NewsCity snapshot: ABF sales jump as commodity costs and inflation ease
Associated British Foods grew revenues by 20% in the quarter encompassing Christmas as it benefited from a less volatile inflationary environment, easing commodity costs and ‘resilient’ consumer spending
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NewsMedia Bites 23 Jan: Asda/EG Group, Tesco, Morrisons
The billionaire owners of Asda are exploring a merger of the supermarket and their UK petrol forecourts business in a blockbuster deal that would create a retail giant worth more than £10bn
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NewsCity News: Ocado misses out on yearly growth despite Christmas rebound
Ocado shares were rocked this week by its first drop in annual sales
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NewsVibrant Foods brings in new CEO and chair
The South Asian foods specialist has appointed a new leadership team to spearhead further growth under private equity owners Exponent