All articles by Alec Mattinson – Page 39
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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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Analysis & Features
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
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News
Pots & Co suffers 29% sales drop for 2021 due to pandemic
Newly filed accounts show sales fell 28.6% in 2021 from £13.9m to £9.9m
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News
City snapshot: Retail footfall slips back in October
Retail footfall remains almost 12% down on pre-pandemic levels after slipping back further in October amid rising inflation and energy bills
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News
Administrators seek rescue for No1 Botanicals as Covid effect lingers over trading
Upmarket soft drinks supplier No1 Botanicals has fallen into administration following the Covid-driven collapse of out-of-home consumption
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News
Sainsbury’s commits to investment in price despite profit drop
Sainsbury’s has vowed to continue its investment in price despite soaring food price inflation eating into first-half profits
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News
Media Bites 4 Nov: Sainsbury’s, UK recession, Christmas ads
Sainsbury’s profits have tumbled as it kept down prices to compete with Aldi and Lidl
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News
City snapshot: Sainsbury’s sales bounce back to growth but profits slide on investment in price
Sainsbury’s has posted an improved second quarter sales performance, but profits were hit by investment in price amid soaring inflation
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News
Media Bites 3 Nov: British American Tobacco, Smurfit Kappa, Mars
A dark cloud hung over British American Tobacco’s shares after a broker’s downgrade stoked fears that the cigarette maker will take a more conservative approach to shareholder returns
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News
City snapshot: Food price inflation hits new record high of 11.6%
Food price inflation has soared to its highest level on record, according to the month BRC-Nielsen IQ Shop Price Index
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News
Nourished Communities receives £200k backing to underpin growth
North London community food hub and online grocer Nourished Communities has received a six-figure investment as it continues to roll out the business across the capital
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News
Media Bites 2 Nov: Morrisons/McColl’s, Ocado, Food price inflation
Morrisons has said that it will close 132 lossmaking McColl’s convenience stores that it bought this year, putting about 1,300 jobs at risk
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News
City snapshot: Ocado enters South Korea with Lotte Shopping partnership
Ocado shares have leapt after signing a deal with South Korean consumer conglomerate Lotte Group to roll out its technology in the country
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News
Media Bites 1 Nov: Wheat prices, Turkey shortages, EU inflation
Wheat and other wholesale food costs have risen sharply after Russia withdrew from an export deal designed to ensure crucial supplies flow from war-torn Ukraine
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News
City snapshot: Asda completes £438m Co-op forecourts acquisition
Asda has completed the acquisition of 132 forecourts and retail sites from The Co-op to underpin its strategy to enter the convenience retail space
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News
Media Bites 31 October: Harrods, Allwyn/Camelot, Insolvencies
Harrods swung back into profit earlier this year as shoppers splashed out again following the relaxation of pandemic restrictions
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News
City News: Unilever improves forecast but warns of further inflation
Unilever upped its full-year growth forecast this week as double-digit price hikes continue to drive strong organic growth – but investors reacted cautiously amid warnings of further inflation.
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News
City snapshot: Danone raises guidance on price-driven growth
Danone has raised its full year growth forecast after experiencing strong third quarter growth driven by a double-digit rise in pricing
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News
City snapshot: Unilever ups sales forecast as soaring prices boost growth
Unilever has upped it full year growth forecasts as double-digit price hikes drove strong growth in its third quarter despite falling sales volumes. Plus updates from AB InBev, C&C Group and HelloFresh.
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News
Carlsberg upgrades earnings expectations on strong Asian growth in Q3
Carlsberg has upgraded full year earnings expectations on stronger than expected growth in key markets on volume and pricing increases in the third quarter