All articles by Alec Mattinson – Page 37
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NewsCity snapshot: Christmas footfall jumps to post-pandemic high
UK retail footfall over the festive period rose back to the highest levels recorded since the start of the Covid pandemic in 2020
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NewsMedia Bites 6 January: B&M, Greggs, Boots, UK Retail
The FTSE 100 discount store chain B&M European Value Retail has upgraded its profit forecast after a strong third quarter and will pay a £200m special dividend
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NewsCity snapshot: B&M hikes profit guidance on strong pre-Christmas trading
B&M Bargains owner B&M European Value Retail has raised its full year profits guidance after posting double-digit growth in the quarter leading to Christmas. Plus, Greggs sees ‘favourable’ Christmas trading and all the rest of the latest news from the City.
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NewsMedia Bites 4 January: Food prices, Aldi, Hotel Chocolat
Food prices rose by a record 13.3% in December, increasing fears that inflation may not fall as sharply in 2023 as central bankers and economists hope
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NewsCity snapshot: Aldi festive sales surge 26% to record high
Sales at Aldi through December jumped by 26% to a record high of £1.4bn as Christmas trading was boosted by the World Cup. Plus, Hotel Chocolat agrees new Japanese partnership and post-Christmas footfall rises.
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NewsCity news: Poundland owner Pepco posts strong growth despite ‘challenging’ environment
Poundland owner Pepco continued to negotiate the squeeze on consumer incomes this week by posting strong sales and profit growth despite macroeconomic pressures
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NewsMy Fabulosa benefits from non-core moves as disinfectant sales slow
Cleaning disruptor My Fabulosa has overcome the post-Covid slump in disinfectant sales by rapidly expanding its fragranced ranges outside of its core category
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Analysis & FeaturesSavoury pastries & meat snacks: NPD keeps pastries & pies fresh
Canny innovation has helped savoury pastries hold their own in the wake of the pandemic
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Comment & OpinionABF still searching for the right recipe to turn around Kingsmill owner Allied
Last month Associated British Foods CEO George Weston admitted pricing alone wouldn’t fix the serial underperformance of its bakery arm
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NewsCity snapshot: Carlsberg buys Canadian craft brewer Waterloo Brewing for £86m
Carslberg has announced it has agreed to buy Canadian craft brewer Waterloo Brewing for a total equity value of CAD144m (£86m)
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NewsMedia Bites 14 Dec: grocery market share, pound, turkey prices
Shoppers have continued to cut back on non-essentials as inflation eats into budgets
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NewsCity snapshot: Double digit inflation drives supermarket sales rise despite volume slump
Supermarket sales grew 7.6% in November, driven by soaring inflation which mitigated a 4.3% in volumes as shoppers cut back amid cost of living pressures
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NewsMedia Bites 12 Dec: Tesco, UK economy, Discounters
Tesco preparing to kick off a search for a new chairman, firing the starting gun on a race to fill one of the FTSE-100’s most prestigious boardroom posts
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NewsCity News: Naked Wines shares buoyed despite first-half loss
Naked Wines shares were buoyed this week by signs of a bottom line turnaround, despite slipping to a first-half loss
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NewsAdministrators seek buyer for Wild Beer Co
Beer brand Wild Beer Co has fallen into administration after struggling to recover from the pressures of Covid, while battling rising costs
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NewsCity snapshot: ABF says cost inflation remains significant but volatility diminishing
Ahead of its annual general meeting today, ABF has said its outlooking for the current financial year remains unchanged but that the volatility of input costs has begun to ease
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NewsMedia Bites 9 Dec: Morrisons, food ads, British American Tobacco
Morrisons has struck a £220m “sale and leaseback” deal that will allow it to accelerate the launch of Morrisons Daily, its convenience store chain
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NewsCity snapshot: Soaring prices grow sales and profits at packaging giant DS Smith
FTSE 100 packaging giant DS Smith brushed off a fall in in volumes and a near £800m hike in costs to strong grow sales and profits amid a significant jump in prices
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NewsMedia Bites 7 Dec: Grocery market share, Asda, Farming/food shortages
The crisis engulfing Morrisons deepened as another slump in sales saw it lose ground to rivals such as Aldi and Lidl
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NewsCapVest’s Second Nature Brands acquires Brownie Brittle
The international snacking group is looking to scale up in its domestic US market