All articles by Alec Mattinson – Page 38
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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
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NewsCity snapshot: Grocery price inflation dips for the first time in 21 months
Grocery price inflation saw its first small monthly dip for almost two years over the past month as higher prices continue to drive sales value growth across the sector. Plus, SSP revenues and profits bounce back, consumer spending data from BRC-KPMG and Barclaycard and all the rest of the latest news from the City
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NewsMedia Bites 5 Dec: Ocado, Morrisons, Associated British Foods
Ocado has told investors it will pause the construction of more automated distribution centres in the UK, the latest sign of a pullback in demand for online grocery delivery
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NewsCity 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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NewsCity 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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NewsMedia 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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NewsCity 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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NewsHuel 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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NewsMedia 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 & OpinionGreencore’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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NewsCity 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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NewsCity 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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NewsMedia 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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NewsCity 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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NewsMedia 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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NewsCity 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”