All articles by Alec Mattinson – Page 51
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NewsOcado executive pay policy survives investor revolt at AGM
Ocado today saw almost 30% of shareholders vote against an executive pay policy which could reward CEO Tim Steiner with £100m over the next five years
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NewsCity snapshot: April supermarket sales continue to slow as shoppers rebalance basket spend
UK supermarket sales fell 1.8% over the four weeks to 23 April, according to NielsenIQ, albeit spending during the Easter period helped lift sales from the 4.1% slump seen in March
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NewsMedia Bites 4 May: Morrisons, BrewDog, Business rates
The UK’s competition regulator is set to approve the acquisition of supermarket group Morrisons by Clayton, Dubilier and Rice in early June after the private equity group offered to sell 87 petrol stations
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NewsUK profit warnings spike as spiralling costs hit consumer industries
The number of profit warnings issued by UK-listed companies so far in 2022 has jumped 44%, with the beleaguered retail and consumer sectors amongst those worst hit by spiralling inflation
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NewsValeo enters North America with Canadian maple syrup acquisition
Valeo Foods has expanded its footprint into North America by agreeing a deal to buy Canada-based maple syrup producer Les Industries Bernard & Fils
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NewsCity snapshot: McColl’s to request suspension of shares
Troubled convenience store chain McColl’s is to request a suspension in trading of its shares after announcing it will fail to publish its annual accounts by the stock market deadline
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NewsMedia Bites 3 May: EG Group, Reckitt Benckiser, Ocado, Lord Rose
The billionaire owners of Asda are in talks to sell their forecourt empire EG Group to a Canadian convenience store giant in a deal that could value it at around £13bn
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NewsFood and drink M&A withstands the pressure of inflation
Grant Thornton’s new quarterly M&A analysis found the 35 completed transactions in the quarter broadly matched total deal volumes in the previous three quarters
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NewsCity News: Unilever growth above expectations but more price hikes on the way
Unilever’s first quarter growth came in above market expectations due to an 8%-plus hike in prices
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NewsCity snapshot: Reckitt predicts margins will hold despite spiralling costs
Reckitt Benckiser expects to full year revenues to be at the upper end of guidance as it maintained sales volumes despite pushing through price rises of almost 6%
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NewsMedia Bites 29 April: Sainsbury’s, Unilever, Amazon
Sainsbury’s warned underlying profit would be lower than expected this year amid ’significant external pressures and uncertainties’
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NewsCity snapshot: Sainsbury’s warns of inflation impact despite soaring profits
Sainsbury’s has posted a strong surge in annual profits, but warned that profitability will fall back this year amid soaring inflation. Plus, on a busy morning, updates from Unilever, DS Smith, Carlsberg and more.
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NewsMedia Bites 28 April: Boots, Import tariffs, Kellogg’s
India’s second-richest man Mukesh Ambani and US buyout firm Apollo Global Management are planning a joint bid for UK high street pharmacy chain Boots
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NewsSeedrs and Vevolution form partnership to boost plant-based start-ups
Crowdfunding platform Seedrs and plant-based investment marketplace Vevolution have formed a partnership to boost early stage investment in UK vegan start-ups
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NewsCity snapshot: WH Smith sales soar on global travel recovery
WH Smith has seen a strong rebound and revenues and moved back into profit as travel retail sales rebounded amid the relaxation of Covid restrictions. Plus updates from Coca-Cola Europacific Partners, Gousto and Nichols.
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NewsMedia Bites 27 April: Reckitt Benckiser, Boots, Lidl
Reckitt Benckiser has begun a sale process for its baby formula business that could fetch $7bn to $10bn
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NewsCapVest to build new global snacking player with Second Nature Brands acquisition
Private equity player CapVest has acquired US-based better-for-you snacks player Second Nature Brands as it seeks to establish a new platform for alternative snacking.
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NewsCity snapshot: Grocery sales plunge as inflation hits 11-year high
Supermarket sales plunged by 5.9% in the 12 weeks to 17 April, according to the latest market share data from Kantar, as consumers prioritised value amid soaring inflation
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NewsMedia Bites: M&S, Asda/Morrisons price cuts, Just Eat, Coca-Cola
Marks & Spencer was hit with a downgrade as Deutsche Bank analysts warned the retailer would suffer from the cost of living crisis.
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NewsCoca-Cola’s revenues surge amid Covid rebound and price rises
Coca-Cola has posted strong growth in its first quarter, as volume growth and rising prices more than compensation for mounting costs.