All articles by Alec Mattinson – Page 41
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NewsCity snapshot: UK retail footfall rises to post-pandemic high
UK footfall came within 10% of pre-pandemic levels for the first time in September, despite mounting pressure on consumer spending
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NewsCity snapshot: Imperial Brands launches £1bn share buyback scheme
Tobacco player Imperial Brands has announced the launch of a multi-year share buyback programme, with the intention of buying back £1bn shares by the end of September 2023. Plus a trading update from Diageo and all the rest of the latest news from the City.
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NewsNurture Brands expands snacking portfolio with Indie Bay Snacks
Nurture Brands, owner of Rebel Kitchen and The Primal Pantry, has agreed a deal to acquire pretzel supplier Indie Bay Snacks
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NewsMedia Bites 5 October: Greggs, fuel prices, Christmas retail
UK bakery chain Greggs has defied hospitality industry gloom with a 15% rise in sales
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NewsCity snapshot: Greggs posts double-digit quarterly growth amid surging inflation
Greggs posted growth of 14.6% in its third quarter as it continues to grow its store estate, but cautioned over the impact of economic uncertainty and significant cost inflation
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NewsMedia Bites 3 October: Morrisons, Unilever, Science in Sport
Morrisons is facing a near-£100m surge in its borrowing costs as market turmoil heaps pressure on the highly leveraged supermarket chain
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NewsCity News: On-the-go rebound boosts AG Barr and SSP Group
The post-Covid rebound in on-the-go consumption boosted drinks group AG Barr and travel retailer SSP Group this week, though concerns remain over tougher trading conditions to come
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NewsKP Snacks posts strong growth as out-of-home bounces back
KP Snacks returned to strong growth last year as out-of-home snacking rebounded and it gained share in grocery
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NewsCity snapshot: Science in Sport launches strategic review amid consumer slowdown
Sports nutrition specialist Science in Sport has launched a strategic review that could result in the sale of the company or assets as it warned of weaking consumer demand despite first half growth.
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NewsMedia Bites 30 September: Co-op, Mitchells & Butlers, Lindt
The Co-operative Group has seen earnings tumble following a jump in commodity prices and the end of a business rates holiday
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NewsCity snapshot: Bakkavor CEO Agust Gudmundsson to step down
Bakkavor CEO Agust Gudmundsson is to retire next month to be replaced by current COO Mike Edwards. Plus trading updates from Mitchells and Butler and Gusbourne as the FTSE sees heavy losses in early trading
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NewsMedia Bites 28 September: food price inflation, Morrisons, AG Barr
Food inflation has hit its highest rate on record with shoppers now paying 10.6% more than they were a year ago
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NewsBooming sparkling and off-trade sales boost UK’s biggest winemaker
The UK’s largest wine producer Chapel Down returned to growth in the first half of the year as strong demand for English sparkling wine, the reopening of the on-trade and strong off-trade sales boosted performance
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NewsCity snapshot: Hot summer and off-trade reopening boost AG Barr
AG Barr has posted strong first half growth as out-of-home consumption rebounded and the soft drinks maker benefited from the warm summer weather. Plus SSP Group sees travel rebound, new interim CEO at Domino’s and all the rest of the latest news from the City
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NewsSainsbury’s £500m sale and leaseback store deal scrapped
A £500m sale and leaseback transaction for 18 Sainsbury’s stores announced last week has colllapsed
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NewsUnilever begins search for new CEO as Alan Jope sets retirement date
Unilever has announced CEO Alan Jope will step down from his role at the end of 2023
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NewsCity snapshot: UK profits plunge at Aldi as investment in price hits bottom line
Aldi suffered a near 80% drop in operating profits in 2021 as sales flatlined ahead of a strong rebound in growth in 2022. Elsewhere, Alan Jope to retire from Unilever, Sainsbury’s scraps property sale, updates and Finsbury Food Group and Chapel Down and all the rest of the latest news from the City
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Analysis & FeaturesChina’s role in the global post-Covid market
Post-Covid, China’s growth has slowed significantly, with only 0.4% GDP growth in the second quarter of 2022
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NewsMedia Bites 26 September: Morrisons, Pound, Christmas retail
Morrisons’ private equity owners have asked hundreds of staff to invest thousands of pounds of their own money in the business
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Analysis & FeaturesFood and drink’s top financial performers of 2022
PepsiCo benefited from a return to out-of-home consumption of its snacks and drinks