All articles by Alec Mattinson – Page 51
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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.
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NewsCity snapshot: McColl’s trading slows as rescue talks continue
McColl’s has issued a profits warning after slower than expected Easter trading, while it remains locked in talks with its lenders and Morrisons over a financing package to enable its ongoing trading
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NewsMedia Bites 25 April: Just Eat, Cooking oils, AB InBev, Morrisons
Just Eat Takeaway.com is set for a showdown with investors at next week’s annual meeting, with one top shareholder alleging that the company misled shareholders
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NewsCity News: Market buoyed by Nestlé’s growth despite warnings of further price hikes
Nestlé warned of further price increases this week, on top of the existing 5%-plus price hikes this year, but analysts were buoyed by the fmcg giant’s continued organic growth
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NewsFilippo Berio UK expects ‘challenging year’ as input inflation bites
Olive oil market leader Filippo Berio has warned of “spiralling costs” and shipping issues from Italy after its UK profits were dented by inflationary pressures last year
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NewsCity snapshot: Simon Arora to step down as CEO of B&M
B&M Bargains owner B&M European Value Retail has announced this morning that Simon Arora will retire as CEO next year after 17 years leading the business. Plus, ONS Retail sales, GfK consumer confidence and Pepco appoints Trevor Masters as CEO.