All articles by Alec Mattinson – Page 43
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News
City snapshot: Ocado falls to £211m first half loss amid retail slowdown
Ocado has posted a £211m first half pre-tax lox amid a fall in retail sales as trading was hit by tough comparatives the rising cost of living crisis. Plus Britvic posts ‘robust’ first half growth, M&S CFO to depart and all the latest news from the City.
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News
Media Bites 20 July: Grocery market share, Hotel Chocolat, Ocado Retail
Inflation in the price of groceries is close to a record high of nearly 10%, costing shoppers an additional £454 a year at the till
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Comment and Opinion
Hotel Chocolat’s US retreat has dismayed the City, but the long-term plan is key
The decision to ‘de-risk’ the multinational chocolate business sent shares falling to an all-time low this morning
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News
City snapshot: Supermarket sales return to growth amid soaring inflation
Grocery sales returned to modest growth over the past 12 weeks for the first time in more than a year as inflation soared to almost 10%
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News
Media Bites 18 July: Starbucks, Fever-Tree, Haleon/GSK
Starbucks is exploring a potential sale of its UK operations as it faces rising costs and competition from newer operators
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News
City News: PepsiCo revenues up, but margins slip
US food and drink giant PepsiCo was the first global fmcg group out of the traps with its second quarter results this week
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News
City snapshot: FeverTree issues profits warning on soaring costs
FeverTree has lowered its annual profits forecast as a result of increasing cost pressures and labour and glass shortages
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News
City snapshot: SSP Group sales continue to rebound on travel sector recovery
Travel retail player SSP Group has continued to rebuild revenues after Covid, with third quarter sales back up to 87% of pre-pandemic levels. Plus trading updates from McBride and Poundland owner Pepco Group.
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News
Meat snacks player New World Foods sales jump on protein snacking growth
Kings, Wild West and Cruga owner New World Foods has posted a double digit jump in sales and profits in the run-up to its acquisition by Valeo Food Group last year.
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News
Media Bites 13 July: PepsiCo, JAB Holdings, Diageo
PepsiCo predicted inflation would stay elevated for the rest of the year, and said it remained open to raising prices further
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News
City snapshot: Retail sales fall by levels ‘not seen since the pandemic’
UK retail sales volumes fell back in June at a rate not seen since the depths of the pandemic, as inflation continues to bite, and households cut back spending.
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Analysis and Features
Share price slump: who has struggled the most in food and drink?
It’s been a turbulent six months on the Stock Exchange. So who’s struggled the most? Who’s least affected? And is there any stock actually still growing?
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News
Media Bites 11 July: Heinz/Tesco, Naked Wines, Inflation
Tesco and Heinz have reached a revised supply agreement after a high-profile pricing dispute
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News
City News: Sainsbury’s boosted Q1 sales not enough to offset inflation fears
Sainsbury’s tumbling share price received some respite this week after it posted better-than-expected first-quarter sales figures – but fears over the impact of the cost of living crisis continue to weigh on the stock
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News
Warburtons sales juggernaut rolls on but profits hit by increasing costs
UK bakery giant Warburtons held on to sales gains from the pandemic spike last year, but profit margins were hit by mounting costs
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News
Haribo boosted by rebound in impulse
Haribo grew domestic UK sales last year despite “challenging” conditions for the category, with double-digit growth in early 2022 as impulse sales have rebounded
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News
City snapshot: UK retail sales growth slows amid soaring inflation
UK retail sales growth slowed again in June continuing a three month downward trend as soaring inflation and falling real wages impact consumers stifles retail spending
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News
Media Bites 8 July: Sainsbury’s, Retail sales, UK wine
Sainsbury’s has seen off an attempt by a group of shareholders to force it to commit to paying the so-called real living wage to all staff
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News
City snapshot: Jubilee boosts June footfall but cost of living crisis hits shopper activity
Footfall strengthened for the third consecutive month in June, according to Springboard, but the figures were boosted by the Jubilee and underlying trends point the impact of inflation on shopper behaviour.
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News
Media Bites 6 July: Tesco/Mars, Sainsbury’s, M&S
Mars Petcare, the owner of the pet food brands Whiskas, Pedigree and Cesar, has halted supplies to Tesco in the latest dispute over price rises