All articles by Alec Mattinson – Page 35
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News
City News: Greencore shares plunge despite food to go recovery
Prepared food group Greencore posted a huge jump in sales and profits this week, but its shares fell on worries over its outlook
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News
City snapshot: Footfall stumbles ahead of Christmas
Total UK footfall decreased by 13.3% in November compared to pre-pandemic levels, according BRC-Sensormatic IQ Footfall Monitor, as the cost of living crisis put off some consumers from visiting the shops
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News
Media Bites 2 December: Christmas prices, John Lewis, Hotel Chocolat
Christmas dinner will be nearly 22% more expensive this year than in 2021, according to new research for the BBC
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News
City snapshot: International restructuring sends Hotel Chocolat to £8.7m annual loss
Costs arriving from the retrenchment of its international business send Hotel Chocolat to a annual loss of £8.7m despite strong sales growth in the UK as in-store revenues bounced back
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News
Huel valued at $560m as celebs join new fundraising round
Plant-based meal replacement brand Huel has raised a further $24m (£19.9m) to underpin its global growth plans, counting some high-profile celebrities among its new financial backers
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News
Media Bites 30 Nov: Wilko, Christmas turkey, Nestlé
The struggling discount chain Wilko has warned it could run out of money if it is unable to secure additional financing by the end of next year
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Comment and Opinion
Greencore’s shifting sales mix spells trouble ahead for UK suppliers
Prepared food group Greencore posted a huge jump in sales and profits this morning as the food-to-go market roared back from Covid lows – but why did it promptly lose 8% of its value?
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News
City snapshot: Greencore sales and profits jump on food-to-go rebound
The strong rebound in food to go boosted annual revenues and profits at Greencore, though the group warned of “further substantial inflation” in the coming year. Plus updates from Unilever, Treatt, Supreme and all the rest of the latest news from the City.
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News
City News: Bakkavor shares tumble on warning of lower profits
While sales volumes had held up through the summer, they had taken a downward turn in September
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News
Media Bites 28 Nov: Black Friday/UK retail, Devro, Amazon
Black Friday sales bounced back this year as shoppers looked out for good deals, despite predictions the higher cost of living would dampen the event
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News
City snapshot: Andy Bond rejoins Pepco board as chairman
Former CEO Andy Bond will rejoin the board of Poundland owner Pepco as chairman after stepping down from his former role earlier this year
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News
Media Bites 25 Nov: Cranswick, Black Friday, UK hospitality
One of the UK’s biggest pork producers has spent £4m hiring butchers from the Philippines, after a staffing crisis threatened to hamper production
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News
City snapshot: Collect+ growth boosts PayPoint sales
Retail technology firm PayPoint has posted a rise in first half revenues and comparable profits despite a “challenging and unpredictable economic environment”
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News
Media Bites 21 Nov: AB InBev, Christmas spending, Tunnock’s
Following Qatar’s last-minute decision to ban alcohol at World Cup stadiums, Budweiser will ship the unsold Buds to the country that wins the tournament
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News
City Snapshot: Price hikes boost Cranswick sales but profits slip on cost recovery delays
Meat and poultry specialist Cranswick has posted a double-digit rise in first half sales on strong pricing, but profits were dented by the lag in recovering soaring inflation
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News
Media Bites 21 Nov: Iceland, Lottery, UK Retail sales
The founder of Iceland has reasserted his intention to retain control of the frozen foods retailer after rebuffing takeover interest from several suitors since the onset of the pandemic
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Reports
OC&C 150 supplier rankings 2022: How to get M&A deals flowing again
The post-Covid recovery in dealflows in 2021 saw Top 150 M&A volumes jump to 24 from just 13 in the previous year
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Reports
OC&C 150 supplier rankings 2022: Opportunities remain in exports
Despite the strong growth in post-Covid domestic sales, the Top 150’s international sales outstripped UK growth
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Reports
Five top performers in the OC&C 150 supplier rankings
The world’s largest food group grew its UK business last year
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Long reads
The Big Squeeze: OC&C 150 supplier rankings 2022
Britain’s biggest suppliers are already squeezed by soaring inflation. Now with tax rises and a recession on the way, it’s unlikely to get any easier