All articles by Alec Mattinson – Page 47
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NewsCity 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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NewsMedia 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
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NewsCity 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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NewsMedia 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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NewsCity 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 & FeaturesWhy 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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NewsCity 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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NewsCity 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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NewsMedia 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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NewsCity 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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NewsMedia 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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NewsNaked 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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NewsCity 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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NewsCity 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 & OpinionClock 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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NewsMedia 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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NewsOcado 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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NewsCity 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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NewsAgronomics 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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NewsMedia 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