All articles by Alec Mattinson – Page 55
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NewsCity snapshot: Coca-Cola HBC withdraws guidance due to Ukraine/Russia conflict
Troubled Eastern European Coke bottler Coca-Cola HBC has withdrawn its guidance for its current financial year due to the conflict between two of its key territories of Ukraine and Russia. Plus, Glanbia posts strong annual sales and profit growth, footfall rebounds in February and all the rest of the latest news from the City.
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NewsMedia Bites 2 March: Boots, Sainsbury’s, Grocery market share
Plans for a multi-billion-pound sale of UK chemist Boots have run into a series of difficulties after a potential buyer walked away
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NewsCity snapshot: Inflation hits nine year high as supermarket sales continue to fall
Supermarket sales fell by a further 3.7% in the most recent three months, according to Kantar, as inflation hit its highest level since 2013
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NewsHow the stock market has reacted to Russia’s invasion of Ukraine
Global stock markets crashed on the news of Russia’s invasion, but focus has begun to centre on those companies most exposed to upheaval in the region
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NewsMedia Bites 28 Feb: McColl’s, Unilever, Burger King, Boots
Convenience store chain McColl’s is racing to secure new funding to stave off a collapse
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NewsCity News: Danone posts strong growth but inflation dampens excitement
Danone posted its strongest quarter growth for seven years on resurgent bottled water sales and rising prices, but inflation and the prospect of tightening margins kept a lid on City excitement
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NewsCovid dampens sales growth at Halewood Artisanal Spirits
Premium booze player Halewood Artisanal Spirits has seen a sharp reversal of its previously strong growth
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NewsQuantock Brewery rescued from administration
Somerset Ales, a microbrewery trading under the Quantock Brewery brand, has been saved from administration
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NewsCity Snapshot: Nomad posts annual growth despite organic sales decline
Frozen specialist Nomad Foods posted a fifth successive year of headline and profit growth, despite an organic sales decline amid a “difficult operating environment”
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NewsCity snapshot: AB InBev sales rebound by more than 15% though mounting costs hit margins
The world’s largest brewer AB InBev grew revenues by more than 15% last year with volume growth, pricing and premiumisation driving growth, though mounting costs constrained profit growth. Plus, market reacts to Russia/Ukraine escalation.
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NewsKraft Heinz launches global plant-based joint venture
Kraft Heinz has created a new joint venture with food tech startup TheNotCompany to develop plant-based products
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NewsMedia Bites 23 Feb: UK vets, Farming, GSK/Haleon
The food and drink industry is demanding “urgent action” from the government to tackle a severe shortages of vets to process UK food exports
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NewsGSK names health arm as Haleon ahead of spin-off
GlaxoSmithKline has announced it is on target to demerge its consumer healthcare arm, which will be called Haleon
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NewsCity snapshot: THG denies supplier stock restrictions as share price plunges
THG has this morning denied media reports that key beauty suppliers are restricting stock over concerns around discounting, as market concerns again hit its share price. Plus trading updates from Coca-Cola HBC and McBride.
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NewsYoplait sales fall back as it refocuses on kids’ business
Yogurt brand Yoplait UK saw a 7.5% drop in sales in the run-up to its sale back to Sodiaal amid a “challenging” period for the brand
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NewsMedia Bites 21 Feb: MFG, McDonald’s, Retail sales
An American investment giant is plotting a £5bn takeover of Motor Fuel Group, Britain’s biggest independent operator of petrol forecourts
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NewsKTC hires advisors to explore possible sale
Family-owned oils and canned produce specialist KTC Edibles is understood to have hired advisors to explore a possible sale of the business
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NewsCity snapshot: Retail sales rebound in January as Omicron fears ease
Retail sales rebounded sharply in January as concerns over the Omicron Covid variant and associated restrictions eased
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NewsCity snapshot: Nestlé posts strong growth but inflation hits margins
Nestlé has reported strong annual growth in 2021, driven by continued retail growth and a recovery in out of home, though profit margins were hit by cost inflation. Plus Ocado and Groupe Casino deepen partners and Reckitt’s margins hit by costs.
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NewsMedia Bites 16 Feb: Insolvencies, Brexit/Ireland, Cost of living
orporate insolvencies in England and Wales began to return last month to levels last seen before the pandemic as more businesses failed over debts