All articles by Alec Mattinson – Page 36
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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
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NewsLily’s Kitchen revenues soar in post-Covid pet ownership boom
Revenues at the natural petfood brand, which was snapped up by Nestlé in April 2020, shot up 31.6% in the year to 31 March 2022
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NewsCity snapshot: UK retail sales fall in December as consumers cut back
UK retail sales volumes fell back in December, according to the Office of National Statistics, as consumers cut back on spending because of inflation
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NewsMedia Bites 20 Jan: Lloyds Pharmacy/Sainsbury’s, Premier Foods, Deliveroo
Lloyds Pharmacy is to pull out of 237 in-store Sainsbury’s branches, potentially putting more than 2,000 jobs at risk
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NewsCity snapshot: Premier Foods Christmas sales jump on grocery growth as it shuts factory
Premier Foods has posted double-digit growth in its crucial third quarter as it announces the proposed closure of its Knighton powdered beverage factory affecting 300 roles. Plus, trading updates from Hotel Chocolat, Deliveroo, Bakkavor and Finsbury Food Group
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NewsMedia Bites 18 January: Ocado, Asda/Co-op, THG
Ocado Group’s UK retail business, a joint venture with Marks & Spencer, reported a decline in annual sales for the first time yesterday
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NewsDiageo shells out €260m-plus for ‘super premium’ Don Papa Rum
Diageo has agreed to acquire Don Papa Rum, a super-premium, dark rum from the Philippines, in a deal worth up to €438m (£385m)
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NewsCity snapshot: Strong Christmas week drives Ocado Retail to fourth quarter growth
Ocado Retail saw 15% growth in the days leading up to Christmas to drag its overall fourth quarter sales up 0.3% despite a sharp drop in basket sizes. Plus, Diageo makes rum acquisition and trading updates from Naked Wines, THG and McBride
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NewsMedia Bites 16 January: Sainsbury’s/Just Eat, M&S, Heinz
Sainsbury’s has joined forces with Just Eat Takeaway to offer home deliveries for groceries
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NewsCity News: Sainsbury’s, Tesco and M&S all post bumper Christmas sales
Soaring food price inflation and solid sales volumes combined to accelerate growth rates
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NewsInnocent pushed to £9.5m loss by Brexit-linked factory move
Smoothie maker Innocent Drinks has fallen into the red after splurging on a new purpose-built factory in the EU post-Brexit.
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NewsCity snapshot: C&C Group warns strikes and cost of living will hit full year profits
Beer and cider producer and distributer C&C Group has warned rail strikes and cost of living pressures will hit its full year performance, despite strong trading in December
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NewsPrinces owner in search of buyer as sales fall sharply
The owner of tinned food giant Princes has kicked off a search for a buyer, as newly filed accounts revealed it suffered a sharp drop in sales and profits as surging Covid demand eased
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NewsCity snapshot: Tesco Christmas sales jump despite cost of living crisis
Tesco has overcome ‘tough times’ for consumers to post strong broad-based growth in the run-up to Christmas. Plus, food and clothing grow at M&S, Hilton Food Group enjoys strong Christmas and all the rest of the latest news from the City
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NewsKerry set for €500m sweet ingredients portfolio sale to IRCA
Kerry Group has announced it has entered to entered into exclusive negotiations to sell sweet ingredients portfolio to Advent International-owned IRCA.
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NewsMedia Bites 11 January: Unilever, Amazon, Majestic Wine
The stockpicker Terry Smith has raised questions about a spree of acquisitions struck by Unilever in a further attack by the star fund manager on the FTSE 100 consumer goods giant