All articles by Alec Mattinson – Page 40
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NewsMedia 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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NewsCity 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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NewsCity 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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NewsCity 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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NewsCarlsberg 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
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NewsMedia Bites 26 October: Coca-Cola, inflation, Unilever
Coca-Cola has joined PepsiCo in raising annual forecasts as the two top fizzy drinks makers benefit from resilient demand
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NewsCity snapshot: THG’s sales slow as it agrees new lending package
THG remained in growth in the third quarter amid resilience in its beauty, health and wellness categories, though sales momentum slowed considerably in its third quarter
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NewsMedia Bites 24 October: Morrisons, staff shortages, Deliveroo
Morrisons owner CD&R is seeking to sell and lease back five supermarkets in what is thought to be the first such deal to be sanctioned in the Bradford-based grocer’s 123-year history
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NewsPetfood subscription service Butternut Box sees sales leap
Online petfood player Butternut Box saw a 50%-plus leap in sales last year as it built on pandemic demand, though losses grew due to investment in growth
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NewsCity News: Naked Wines shares bounce back after admitting ‘mistakes’ in strategy
Announcing the result of its strategic review on Thursday, Naked said it had ‘reshaped’ its strategic plans
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NewsCity Snapshot: Deliveroo guides down sales growth as order numbers fall
Deliveroo has warned annual sales growth will come in at the lower end of previous guidance after order numbers fell in the third quarter.
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NewsCity snapshot: Naked Wines to pivot to profit focus after ‘mistakes’ chasing growth
Naked Wines has cut growth expectations and pledged to cut costs and staffing levels to prioritise the bottom line after admitting it has “made mistakes” in the pursuit of rapid growth
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NewsActivist investor Third Point pushes Colgate-Palmolive to sell off Hill’s Pet Nutrition
US activist investor Third Point has built an equity position in Colgate-Palmolive to push the US CPG giant to sell off its petcare business
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NewsMedia Bites 19 October: Asda, THG, strikes/shortages
Asda is opening is first convenience stores outside a petrol station as its new owners search for ways to expand the UK’s third largest supermarket chain and overtake Sainsbury’s
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NewsMedia Bites 17 October: Pound/Chancellor, Tesco, Kroger, Beyond Meat
The pound and UK government bond yields have recovered in anticipation of a key statement from the new chancellor
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NewsSamworth Bros commits £100m investment following Covid rebound
Samworth has pledged to invest more than £100m in growth over the next two years after bouncing back from Covid
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NewsCity snapshot: Danone announces exit from Russian business
Danone has this morning announced it plans to transfer control of its dairy and plant-based business in Russia, in a move that could cost the group €1bn. Plus Diageo and Refresco pursue global M&A.
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NewsMedia Bites 14 October: Ocado, Kroger/Albertsons, Boots
Shares in Ocado bounced off four-year lows amid speculation that the online supermarket could benefit if the US grocery giant Kroger merges with its smaller rival
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NewsCity snapshot: British Honey Co puts itself up for sale
Listed honey and spirits producer British Honey Co has launched a formal sales process amid the need for cash by the end of November
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NewsMedia Bites 12 Oct: Supermarket inflation, Marston’s, Pret a Manger
Price inflation on groceries has risen to record levels, with shoppers switching to supermarkets’ own-label goods to cope with higher food costs