All articles by Alec Mattinson – Page 45
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NewsCity News: Greggs reassures market after it raises prices
The threat of soaring inflation and its effects on consumer spending have weighed on Greggs shares all year, but the chain reassured the market this week that price hikes were not putting customers off their sausage rolls
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NewsHovis profits drop as rising costs hit margins
Wrapped bakery stalwart Hovis experienced a sharp drop in profitability last year as soaring costs hit margins despite maintaining its Covid sales gains
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NewsCCEP signposts further price rises but stresses focus on affordability
Great Britain Coke bottler Coca-Cola Europacific Partners has indicated it will push through further price rises to mitigate soaring inflation, but insisted it remains focussed on ensuring its products remain affordable
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NewsCity snapshot: Pets at Home posts solid third quarter growth
Pets at Home has posted a like for like sales uplift of 6% in its third quarter on strong store and online retail growth. Plus UK footfall drops on hot weather, new CEO at Carr’s Group and all the rest of the latest news from the City
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NewsCity snapshot: Coca-Cola Europacific Partners raises guidance on out of home rebound
GB Coke bottler Coca-Cola Europacific Partners has raised its sales and profits outlook after strong volume-driven first half growth on the back of a strong rebound of out-of-home consumption
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NewsMedia Bites 3 August: Greggs, Supermarket petrol, Starbucks
Greggs customers could face further price rises after the bakery chain warned that its costs would rise by 9% this year
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Comment & OpinionIs the cost of living crisis good news for Greggs and its value-led proposition?
Will shoppers trade down to Greggs or will its target audience actually be worse affected?
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NewsCity Snapshot: Greggs reports surging sales but profits fall flat amid rising costs
Greggs has reported a 27.1% jump in first half sales, but profits remained stagnant due to the reintroduction of business rates, VAT and mounting costs. Plus, trading updates from AG Barr, Domino’s Pizza Group and Devro.
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NewsMedia Bites 1 August: Procter & Gamble, Iceland, Waitrose
People are economising and are switching to cheaper store brands as they grow resistant to higher prices, Procter & Gamble has warned
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![Diageo lead image[1]](https://dmrqkbkq8el9i.cloudfront.net/Pictures/100x67/8/5/2/270852_diageoleadimage1_489513.jpg)
NewsCity News: Diageo revenues soar as drinkers flock back to leisure and travel
Drinkers have toasted the return of the leisure and travel sector by sending Diageo’s revenues soaring
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NewsEconomic instability blamed for decrease in food & drink dealmaking
While deal volumes have largely settled in the mid-30s since a post-Covid spike in the first quarter of 2021, Q2 2022 saw deal numbers drop to just 26
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NewsGlobal giants raise growth targets as prices keep rising
Unilever, Danone, Reckitt Benckiser and Nestlé were among those to report higher-than-expected quarterly sales figures this week
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NewsCity Snapshot: Food and drink reformulation drives Kerry Group sales surge
Kerry Group has posted double-digit first half growth on higher sales volumes and prices as demand for ingredients to drive food and drink reformulation drove increased sales
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NewsCity snapshot: Nestlé upgrades sales on pricing and volume growth but margins slip back
Nestlé has upgraded its full year growth expectations as first half sales rose on pricing and volume growth. Plus results from Diageo, AB InBev and Virgin Wines, while Hotel Chocolat’s Japanese JV restructures and Ocado’s COO takes new role.
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NewsMedia Bites 27 July: Unilever, Coca-Cola, THG
Unilever has put up prices by 11.2% to cope with a €4.6bn bill for inflation as other consumer groups hike prices
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NewsMcDonald’s sales boom but profits hit by Russia withdrawal
The fast food giant announced today its second quarter sales jumped by 9.7%, though earnings were hit by the divestment of its Russian business
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NewsOcado downgraded by Moody’s on ‘prolonged operating underperformance’
Ocado has had its debt ratings downgraded by ratings agency Moody’s on lower than expected profitability and pressures in its retail business
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NewsCity Snapshot: Unilever price hikes drive strong first half growth
Unilever has posted first half growth of more than 8% due to soaring prices, but margins were hit by mounting input cost inflation. Plus monthly grocery figures from Nielsen and trading updates from Greencore and Compass Group.
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NewsMedia Bites 25 July: FMCG results, The Co-op, UK retail sales
Some of the world’s largest consumer goods producers face a hit to sales in the coming months as shoppers switch to cheaper supermarket own-brands
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NewsCity News: Ocado’s whopping £211m loss leaves City sceptics feeling justified
Ocado has never been best known for making a profit, but plunging to a £211m loss in the first half went some way to justifying investor scepticism so far this year