All articles by Alec Mattinson – Page 43
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NewsMedia Bites 7 Sep: Juul Labs, National Lottery, DS Smith
Juul Labs must pay $438.5m after a two-year investigation concluded it had advertised vaping products to underage users
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NewsCity snapshot: UK retail sales slow in August despite rising prices
UK retail sales growth slowed in August, with a small rise in sales making a much larger drop in volumes due to soaring inflation.
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NewsMedia Bites 5 September: Waitrose, Iceland, Starbucks
Waitrose has admitted to signing deals with landlords halting other supermarkets from opening nearby for a decade
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NewsGeary’s warns of impact of soaring energy costs as it returns to growth
Geary’s Bakeries returned to double-digit growth last year, but has warned of the impact of soaring energy costs on top of mounting input inflation last year
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NewsCity News: Reckitt shares hit by surprise departure of CEO Laxman Narasimhan
Investor confidence in the turnaround progress at consumer goods giant Reckitt Benckiser was shaken this week by the shock departure of its chief executive
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NewsCity snapshot: EG Group revenues mount but profits hit by inflationary pressures
Forecourt giant EG Group has announced “resilient” second quarter trading, with sales rebounding by 34%, though inflationary pressures reduced headline profits. Plus, Reckitt CEO Laxman Narasimhan to take over at Starbucks and all the rest of the latest news from the City.
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NewsCity snapshot: Reckitt CEO Laxman Narasimhan quits
Reckitt Benckiser CEO Laxman Narasimhan will step down as CEO later this month and will be replaced by former British American Tobacco CEO Nicandro Durante on an interim basis. Plus, Pernod Ricard posts strong annual growth and all the rest of the latest news from the City.
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NewsMedia Bites 31 Aug: price inflation, pubs, Arla Foods
The rapidly rising price of food including milk, margarine and crisps pushed August shop price inflation to the highest levels since 2008
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NewsCity News: iFood stake sale is welcome relief for beleaguered Just Eat Takeaway investors
The group announced a deal to sell its 33% stake in the South American food delivery arm to iFood’s majority owner (and one time Just Eat suitor) Prosus for €1.5bn
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NewsYo Sushi owner sees sales jump following retail and kiosk push
Yo Sushi owner Snowfox Group saw a near 50% jump in sales last year, driven by its concerted push into grocery retail and in-store kiosks
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NewsCity snapshot: Hain Celestial blames UK economic struggles for sharp drop in sales
US consumer foods giant Hain Celestial has blamed soaring food prices and falling consumer confidence in the UK for a steep drop in full-year revenues
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NewsCity snapshot: Delivery Hero first half losses near €1.5bn
German food delivery group Delivery Hero lost almost €1.5bn in its first half after rising marketing, technology and impairment costs increased its losses
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NewsIceland’s debt rating downgraded as it slips to annual loss
Iceland’s debt rating has been downgraded by Moody’s as newly filed accounts show the supermarket fell to a pre-tax loss last year
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NewsMedia Bites 24 Aug: Co-op, Pubs, Convenience stores
Co-op, the UK’s biggest member-owned company, has appointed the first female chief executive in the organisation’s history
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NewsHealth food wholesaler Tree of Life falls into administration
Health food wholesaler Tree of Life has fallen into administration following a failed attempt to secure third party investment earlier this year
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NewsCity snapshot: Inflation drives grocery growth as convenience outstrips supermarket sales
Grocery sales rose 4.5% in the four weeks to 13 August as inflation drove top-line growth despite falling volumes
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NewsMedia Bites 23 Aug: Inflation, Ben & Jerry’s/Unilever, McDonald’s
UK inflation is set to top 18% in January - the highest point in more than 40 years
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NewsCity snapshot: Soaring energy prices push retail SMEs close to collapse
Soaring energy costs are wider inflation are pushing consumer SMEs such as cafes, restaurants and shops to the brink of collapse, the Federation of Small Businesses has warned
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NewsMedia Bites 22 Aug: Amazon, Chicken prices, Just Eat Takeaway.com
Amazon has halted the aggressive expansion of its checkout-free convenience stores, amid disappointing sales and a bleak economic outlook
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NewsJust Eat Takeaway.com sells off €1.8bn Brazlian iFood stake
Just Eat Takeaway.com has agreed to sell its 33% stake in Brazalian food delivery operation iFood for a sum worth up to €1.8bn