All articles by Alec Mattinson – Page 56
-
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
-
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
-
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
-
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.
-
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
-
NewsBooze-free spirits brand Lyre’s brings in investment banker to ramp up growth
Non-alcoholic spirits giant Lyre has brought in an investment banking specialist to lead fundraising efforts and target M&A opportunities to boost its global growth
-
NewsCity snapshot: Kerry Group agrees €137m deal for German biotech firm
Kerry Group has agreed a €137m deal to by German biotechnology company c-Lecta as it builds its presence in the food and nutrition technology space
-
NewsHoxton Spirits receives £1m investment from Optiva Securities
Hoxton Spirits has secured a seven-figure cash injection to fund its international expansion ambitions and grow its retail presence in the UK
-
NewsCity snapshot: Ultimate Products says global supply chain issues are improving
Homeware and household brands owner Ultimate Products has posted double-digit first half growth and pointed to improvements with global supply chain issues
-
NewsMedia Bites 14 Feb: Supermarket petrol, John Lewis/Waitrose, British American Tobacco
Supermarkets stand to rake in bumper petrol profits as the soaring price of oil threatens to exacerbate the cost-of-living crisis
-
NewsPaleo Ridge secures investment of £2m to back expansion plans
Raw dogfood specialist Paleo Ridge has secured a £2m investment from PE player Ashridge Capital to boost its rapid expansion plans
-
NewsOcado shares plummet as it ploughs investment in tech
Ocado’s share price slumped to wipe out all its pandemic-driven gains this week after continued investment in technology saw losses balloon and guidance was lowered for 2022
-
NewsKitwave acquires Devon-based foodservice supplier MJ Baker
Listed wholesaler Kitwave has acquired Devon-based foodservice supplier MJ Baker Foodservice to grow its presence in the category. The business will be incorporated into Kitwave’s existing foodservice division which currently has the existing trading operations of HB Clark & Co and David Miller Frozen Foods Limited. ...
-
NewsCity snapshot: Tate & Lyle’s food and beverage solutions posts 19% sales jump
Tate & Lyle has posted continued strong growth in its core food and beverage solutions business in the third quarter to upgrade full year expectations for the division
-
NewsMedia Bites 11 Feb: Unilever, Coke/Pepsi, Beer sales
Unilever expects the strongest cost inflation in decades to hit profitability for two years, adding to pressure on chief executive Alan Jope
-
NewsCity snapshot: Unilever to hike more prices to cope with €3.5bn inflation hit
Unilever has warned that that more price rises are on the way to mitigate an extra €3.5bn of costs in 2022
-
NewsSpayne Lindsay forms partnership with US investment bank Sage Group
The pair will remain separately run and owned, but will work in a new partnership to create a ‘consumer advisory powerhouse’
-
NewsMedia Bites 9 Feb: Ocado, Unilever, Just Eat Takeaway.com
Ocado’s annual results are heavily featured in this morning’s papers
-
NewsCity snapshot: Ocado’s annual loss grows by £125m as investment hits bottom line
Ocado’s annual losses ballooned to £176.9m last year despite continued top-line growth as investment in technology hit earnings
-
NewsPersonalised nutrition brand Vitl raises £6.2m to power growth
New investors include Richard Pennycook, former CEO of the Co-operative Group