All articles by Alec Mattinson – Page 44
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News
City snapshot: Sainsbury’s sales slide amid ‘intensifying pressure’ on household budgets
Sainsbury’s sales fell back in its first quarter as both grocery and general merchandise sales fell as it warned of “intensifying pressure” on household budgets. Plus, new CFO for B&M and trading updates from Chapel Down and Surpreme.
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News
Media Bites 4 July: Boparan/Slim Chickens, Sainsbury’s, Pubs
Ranjit Boparan will today open four restaurants under the Slim Chickens brand and plans to be operating 350 restaurants in Britain under the US brand in the next few years
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News
City News: B&M shares fail to be boosted by solid first quarter
B&M European Value Retail shares failed to receive much of a boost despite better-than-expected first-quarter sales, as fears persisted over the impact of inflation on its customer base
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Analysis and Features
Why is Kellogg’s splitting in three and will it work?
Kellogg’s announced a shock split of its business last week, spinning out North American cereals to focus on its higher-growth snacking brands
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News
City snapshot: European fmcg prices jump 6.9% amid soaring inflation
Fast moving consumer goods prices have increased 6.9% year-on-year across Europe, with fmcg inflation in the UK even higher at 7.5%
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News
City snapshot: Ocado extends partnership with France’s Groupe Casino
Ocado has agreed to extend its partnership with French hypermarket giant Groupe Casino, including the creation of a logistics-based joint venture for other retailers.
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News
Media Bites 29 June: Boots, National Lottery, Diageo
Walgreens Boots Alliance has abandoned the sale process for the Boots chain in the UK after upheaval in credit markets
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News
City snapshot: Jubilee celebrations boost grocery sales but inflation hits volumes
Total Till grocery sales at UK supermarkets continued to improve in June, but sales volumes decreased despite the overall increase due to inflation and the rising cost of living
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News
Media Bites 27 June: Sainsbury’s, Unilever, Patisserie Valerie
The Queen’s bank, Coutts & Co, and the Coal Pensions Board have joined a group of investors backing a resolution calling for Sainsbury’s to pay the living wage to all staff
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News
Naked Wines shares plummet on gloomy outlook
Online booze specialist Naked Wines lost over 40% of its value on Thursday despite solid annual results, as its gloomy outlook spooked the City
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News
City snapshot: UK retail sales fall as consumers cut back on groceries
Retail sales volumes fell back in May following a brief uptick in April as lower grocery sales hit overall sales volumes
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News
City snapshot: Naked Wines moves back into profit as it cuts marketing spend
Naked Wines has posted revenue growth a move back into profitability despite inflationary challenges as it cut investment in new customer acquisition.
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Comment and Opinion
Clock is ticking for Ocado after another investor show of faith
Ocado has assured investors this will be the last time it seeks cash before turning profitable
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News
Media Bites 22 June: Kellogg, Ocado, Supermarket sales
Kellogg, the American food group behind Rice Krispies and Pringles, will become the latest US heavyweight to break itself up in an attempt to boost growth
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News
Ocado taps investors for £578m to boost global tech rollout
Ocado has raised £578m via a discounted share placement to boost the rollout of its technology amid the global shift to online grocery.
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News
City snapshot: Supermarket sales show recovery amid soaring inflation
Supermarket sales fell by 1.9% over the past 12 weeks, despite inflation soaring to its highest level since 2009. Plus Ocado raises £578m from new share placing.
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News
Agronomics takes 47% stake in biotch firm Liberation Labs
London-listed cellular agriculture group Agronomics is amongst the early-stage backers of biotch firm Liberation Labs
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News
Media Bites 20 June: Boots, Tesco, Asda
The protracted auction of Boots is at risk of falling apart as debt markets seize up and buyers grow nervy amid a consumer downturn
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News
City News: WH Smith buoyed by boosted airport sales as travel sector rebounds
WH Smith shares were buoyed by sales surpassing 2019 levels for the first time since the start of the pandemic
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News
City snapshot: Tesco sales fall back amid “unprecedented” cost of living increases
Tesco’s core retail sales fell back in its first quarter as CEO Ken Murphy warned of the impact of “unprecedented increases in the cost of living”.