All articles by Alec Mattinson – Page 44
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NewsCity News: Carlsberg sales surge but instability concerns weigh on shares
Sales at Carlsberg have soared past pre-pandemic levels as warm summer weather and the resurgent on-trade boosted performance. However, shares remain down for the year due to concerns over its second half outlook and instability in eastern Europe
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NewsLockdown-affected Redemption Foods saved in pre-pack deal
Soup maker Redemption Food Company has been rescued from administration after suffering ’significant financial challenges’ during the pandemic
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NewsCity snapshot: Online boosts UK retail sales in July
UK retail sales nudged upwards in July as growth in online retail boosted overall sales volumes. Plus, Just Eat Takeaway.com sells €1.8bn stake in Brazil’s iFood and consumer confidence hits record lows.
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NewsMedia Bites 19 Aug: Consumer confidence, Food inflation, Carlsberg
Consumer confidence has fallen to a new record low as people facing painful budget squeezes have become ‘exasperated’ at the state of the economy
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Comment & OpinionGlobal brewers ride on-trade rebound but second half looks tougher
Business is booming for the world’s largest brewers – but the real tests for the post-Covid health of the industry are yet to come
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NewsCity snapshot: Wynnstay taps investors for £10.6m to fund growth and M&A
Agricultural supplies group Wynnstay has raised £10.6m via the placing of new shares to fund future growth and acquisitions
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NewsCCEP launches sustainability-linked supply chain financing programme
GB Coke bottler Coca-Cola Europacific Partners has launched a new finance programme to encourage suppliers to make their businesses more sustainable
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NewsMedia Bites 17 Aug: Aldi/Market share, Iceland, Walmart
Aldi is poised to join the ranks of the Big Four supermarkets, eclipsing Morrisons, as cost-conscious customers were drawn to its cheaper product lines
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NewsCity snapshot: Grocery inflation hits new high of 11.6% to lift supermarket sales
Supermarket sales rose by their highest level for over a year in the most recent 12-week period as a new inflationary high boosted sector revenues
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NewsMedia Bites 15 Aug: Cooks Coffee, Supermarket barbecues, Haleon
Britain’s fourth-largest coffee shop chain, Cooks Coffee, is drawing up plans to list on the London stock market, providing a bright spot amid an ongoing drought of new UK listings
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NewsDeliveroo investors shrug off bad news to focus on margin improvement
Widening losses, slowing growth and the loss of an industry heavyweight from the board are an unusual recipe for success, but Deliveroo’s shares were up again this week as the City welcomed its progress on margin improvement
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NewsHeinz UK sales remain up on pre-pandemic levels despite post-stockpiling falls
The end of Covid stockpiling saw Heinz sales fall back in the UK last year, but revenues remained above pre-pandemic levels thanks to a strong ketchup and infant performance
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NewsLucozade Ribena Suntory sales rebound as on-the-go recovers
Lucozade Ribena Suntory saw a sharp rebound in sales last year as on-the-go consumption returned in the wake of Covid restrictions
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NewsCity snapshot: Lotus Bakeries boosted by strong rebound of UK health snacking
Bear and Nakd owner Lotus Bakeries has posted 14.1% revenue growth in the first half of 2022 driven by strong growth of Lotus Biscoff and its UK healthy snacking portfolio
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NewsMedia Bites 12 Aug: Haleon/GSK, Coca-Cola HBC, Scotch whisky
Billions of pounds have been wiped off the stock market values of both GSK and Haleon
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NewsCity snapshot: Price hikes and volume growth boost Coca-Cola HBC despite hit from Russia
Eastern European Coke bottler Coca-Cola HBC posted first half organic growth of 19.4% as double-digit price rises and volume growth mitigated the loss of business in Russia and Ukraine.
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NewsMedia Bites 10 Aug: Domino’s Pizza, hospitality VAT, fuel prices
Domino’s Pizza has closed its Italian stores after seven years, after the US brand struggled to win over customers in the birthplace of pizza
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NewsCity snapshot: Inflation drives July retail sales growth, but volumes fall
UK retail sales increased 2.3% in July on a total basis, according to the BRC-KPM Retail Sales Monitor, though sharply rising prices masked a drop in sales volumes. Plus acquisitions from Coca-Cola HBC and Supreme and Barclaycard spending data.
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NewsLion sells Magic Rock and Fourpure to Odyssey Inns
Lion Little World Beverages has sold its UK operations, including its Magic Rock and Fourpure beer brands, to newly launched venture Odyssey Inns
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NewsMedia Bites: Retail sustainability, Amazon, Pets at Home
Household names from Tesco to Ocado are failing to give enough information about how they will survive in a ‘greener’ economy, according to data