All articles by Alec Mattinson – Page 57
-
NewsCity snapshot: SSP Group sales recovery hit by Omicron
Travel food retail specialist SSP Group has reported a “good” start to its financial year, though its recovery in revenues was hit in December and January by the spread of the Omicron variant. Plus, Carlsberg 2021 revenues top pre-Covid sales, UK footfall remains supressed and all the rest of the latest news from the City.
-
NewsCity snapshot: Virgin Wines issues profits warning on rising costs
Online wine merchant Virgin Wines has issued a profits warning due to the ’uncertain trading environment’ and ’increased cost pressures’. Plus Nestle buys US-based plant-based player, updates from Compass Group and Cranswick and all the rest of the latest news from the City
-
NewsCMA launches investigation into Medina-Freshways merger
The Competition & Markets Authority has launched an investigation into the merger of milk processors Freshways and Medina Dairy amid concerns it could lead to a “substantial lessening of competition”
-
NewsMedia Bites 2 Feb: Tesco, CO2, Grocery market share
Another 1,600 jobs are being cut at Tesco as Britain’s biggest supermarket scrapped night shifts in 85 shops and almost 40 petrol station
-
NewsCity snapshot: UK grocery sales fall in January despite mounting inflation
Take-home grocery figures from Kantar show that supermarket sales fell by 3.8% over the 12 weeks to 23 January 2022, despite prices continuing to rise as inflation mounts
-
NewsMedia Bites 31 Jan: Asda, Price rises, Ocado
Asda has suspended its drawn-out search for a chief executive, with one of the Issa brothers now heavily involved in the day-to-day running of the supermarket chain
-
NewsCity snapshot: UK companies in financial distress on the rise
The number of UK companies in significant financial distress is rising as government support is withdrawn from beleaguered businesses, according to business advisory firm Begbies Traynor.
-
NewsCity snapshot: Diageo resurgence underpinned by on-trade recovery
Diageo has reported double digit rises in sales and profits as the recovery in the on-trade was boosted by market share gains and premiumisation trends. Plus trading updates from FeverTree, Britvic and Greencore.
-
NewsMedia Bites 26 Jan: Unilever, Greencore, CO2
Unilever plans to axe about 1,500 management roles globally as the company faces pressure from investors to improve performance
-
NewsFood delivery tech player Deliverect valued at $1.4bn after $150m funding round
Food delivery software firm Deliverect has raised $150m to value it at $1.4bn as it seeks to scale up its business across the globe.
-
NewsUnilever announces 1,500 job cuts amid global restructure
Unilever has announced a number of changes to its organisational structure, including 1,500 job cuts, as part of a drive to make it a ‘more category-focused business’
-
NewsCity snapshot: Rémy Cointreau sales surge amid ‘exceptional’ spirits market
French spirits group Rémy Cointreau has posted sales growth of 21% in its third quarter as demand for cognac rebounded.
-
NewsCake Box shares tumble after reporting errors uncovered
Shares in AIM-listed bakery chain Cake Box have tumbled almost 22% today after it admitted “inconsistencies” in its financial reporting
-
NewsMedia Bites 24 Jan: Unilever, Morrisons, Retail sales
Nelson Peltz’s activist hedge fund Trian Partners has built a stake in Unilever, ratcheting up the pressure on the FTSE 100 company
-
NewsUnilever’s failed bid for GSK arm leaves management in a precarious position
Unilever announced on Wednesday it would not up its bid for GSK’s consumer arm
-
Analysis & FeaturesBack to the drawing board: what does Unilever do now?
Its £50bn bid for GSK’s consumer healthcare business rejected, can Unilever’s under-pressure management restore City trust?
-
NewsCity snapshot: Omicron hits Christmas retail sales
UK retail sales fell back over the crucial Christmas period as Omicron kept shoppers away from stores.
-
NewsCity snapshot: Premier Foods ups profits guidance on continued branded growth
Premier Foods saw sales edge back from elevated levels last year in its third quarter, but has upgraded its earnings expectations on continued strong trading so far in its financial year. Plus trading updates from ABF and Deliveroo and all the rest of the latest news from the City.
-
NewsMedia Bites 19 Jan: THG, Unilever/GSK, MFG
The boss of THG came under renewed pressure yesterday as the ecommerce group warned investors that profit margins would fall short of market forecasts and revenue growth would slow
-
NewsCity snapshot: THG margins fail to meet expectations as revenues surge past £2bn
THG has said its 2021 profit margins will be below market expectations, but has pointed to a recovery in 2022 amid continued strong revenue growth. Plus, Hotel Chocolat raises expectations following strong festive sales growth.