All articles by Alec Mattinson – Page 5
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NewsMedia Bites 19 June: Asda/grocery market share, McDonald’s, China/EU
Asda has suffered a fresh slump in sales, new figures reveal, as the heavily indebted supermarket struggles to compete against its rivals
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NewsCity snapshot: Grocery growth slumps amid wet weather and falling inflation
Take-home grocery sales rose by just 1% over the four weeks to 9 June 2024, marking the slowest increase since June 2022, as poor weather and falling inflation hit supermarket sales
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NewsMedia Bites 18 June: shoplifting, royal warrants, James Watt
John Lewis and Waitrose have said “greed not need” is driving record levels of shoplifting
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NewsThis gains £20m backing to accelerate meat alternatives growth
UK plant-based food company This has received investment worth £20m to accelerate its UK growth and expand its meat alternative product range
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NewsCity snapshot: Vegan supplier This recalls product over e.coli fears
Vegan supplier This has become the third sandwich manufacturer to withdraw products due to possible contamination
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NewsMedia Bites 17 June: Tesco, E. coli outbreak, Morrisons
Tesco continued to win market share and grow volumes in the first quarter, leaving the grocery giant on target to hit its full-year sales target of £70bn
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NewsCity News: C&C Group shares crash amid departure of CEO
Troubled C&C Group saw a further share price fall on the news its CEO has stepped down and a huge €125m writedown of its Magners cider brand
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NewsPladis reports record revenues as share gains boost trading
The owner of McVitie’s saw a £127m jump in sales last year as price increases and branded market share gains boosted trading
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NewsCity snapshot: Tesco continues to grow UK grocery market share and volumes
Tesco has announced another ‘strong’ quarterly performance ahead of its AGM today, with UK market share gains and strengthening volumes
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NewsCity snapshot: PayPoint profits rise on revenue growth
PayPoint has poisted a near 22% jump in underlying profits following strong revenue growth in its full financial year, helped by the acquisition of Love2shop
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NewsMedia Bites 12 June: supermarket bread, Diageo, BHS
Four major UK supermarkets accused of misleading ‘freshly baked’ bread claim
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NewsCity snapshot: Cake Box posts ‘positive’ sales and profit growth
Egg-free cake chain Cake Box has posted a rise in annual sales in profits as it continues to grow its store estate and drive organic growth
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NewsCity snapshot: Greggs to build frozen factory and create 600 jobs
Greggs has announced it will build a purpose-built frozen production and logistics factory in Derby to boost capacity for up to 3,500 shops in the UK
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NewsMedia Bites 10 June: Asda/Issa brothers, C&C Group, THG
Zuber Issa has finalised a split from his brother Mohsin by selling his stake in Asda to the supermarket chain’s private equity backer
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NewsCity news: B&M shares wobble despite record sales and profits
Shareholders were spooked by a lack of clarity on guidance and current performance
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NewsFox’s Burton’s makes return to profitability as branded sales soar
Biscuits giant Fox’s Burton’s returned to underlying profitability in its most recent financial period as it increased UK market share and export sales
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NewsTDR Capital becomes majority Asda owner by buying out Zuber Issa
TDR Capital has agreed to increase its stake in Asda to become majority owner after buying out the shares owned by Zuber Issa
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NewsCity snapshot: C&C Group CEO departs over historic accounting errors
Drinks supplier and distributer C&C Group has announced the departure of its CEO after posting delayed accounts due to the discovery of accounting errors
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NewsMedia Bites 7 June: Tesco/Booker, Fever-Tree, Unicef
A privately owned wines and spirits merchant has been sold to Tesco’s wholesale division for an undisclosed sum. Venus, the family business that owns the Gerry’s spirits shop in Soho, central London, has been bought by Booker as Tesco seeks to sell more premium beer, wines and ...
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NewsMeal kit startup WowzaBox raises cash as it eyes retail listings
Chinese food meal kit start-up Wowzabox has hit a £150k crowdfunding target as it eyes expanding into the retail channels