All articles by Alec Mattinson – Page 58
-
Comment & OpinionWould £50bn-plus GSK consumer arm acquisition cure Unilever’s headache?
A 7% plunge in Unilever’s share price today has given a pretty clear indication that its investors do not see a £50bn-plus swoop for GlaxoSmithKline’s consumer health arm as the answer to the consumer giant’s problems
-
NewsMedia Bites 17 Jan: GSK/Unilever, Asda/Boots, WH Smith
Unilever is pursuing an audacious deal for GlaxoSmithKline’s consumer arm after tabling a bid worth £50bn
-
NewsCity rewards Sainsbury’s over the big winners of Christmas Tesco and M&S
If Tesco and Marks & Spencer were the big listed grocery winners of Christmas, they received scant reward from the City this week, which sent shares down on their Christmas trading updates
-
NewsCity Snapshot: Arora family sells £234m stake in B&M
SSA Investments, the investment vehicle of the Arora family, has sold reduced its shareholding in B&M Bargains owner BME European Value Retail from 11% to 7% after placing £234m of shares last night. Plus, McColl’s CCO heads to Sainsbury’s and all the rest of the latest news from the City.
-
NewsCity Snapshot: Tesco hikes profit forecast after market share hits four-year high
Tesco has upgraded its profit expectations after strong growth in its third quarter and over Christmas. Plus, M&S posts bumper festive grocery growth, trading updates from Hilton Food Group, and Finsbury Food Group and all the rest of the latest news from the City
-
NewsBerry Bros & Rudd sees Christmas sales fizz as drinkers celebrate at home
The fine wine merchant saw a further increase in sales over the festive period on top of a bumper 2020, with sales up a third on pre-pandemic levels
-
NewsMedia Bites 12 Jan: Unilever, Boots, Lidl
Unilever has ’lost the plot’, according to one of its top ten shareholders who has accused the group of being obsessed with burnishing its sustainability credentials
-
NewsCity snapshot: Lidl claims crown as the UK’s fastest growing bricks and mortar retailer over Christmas
Lidl GB posted annual sales growth of 2.6% over the Christmas period, claiming its festive performance places it as the country’s fastest growing bricks and mortar retailer for the second year running
-
NewsMedia Bites 10 Jan: THG, M&S, Morrisons
THG has handed a dossier of data to the City regulator that chief executive Matt Moulding hopes will prove that hedge funds and stockbrokers colluded to drive down the online retailer’s share price
-
NewsPositive signs for festive retail as Greggs and B&M hike profits expectations
There were positive signs for the retail sector in the first Christmas trading updates of the season on Thursday, after both Greggs and B&M European Value Retail hiked profits expectations after strong festive showings
-
NewsPrinces’ sales and profits benefit from Covid demand spike
Tinned food giant Princes has benefited from a spike in demand during the Covid period to grow profits and sales in its 2020/21 financial year
-
NewsOmicron saves Christmas for the grocers, with Tesco, Lidl, Aldi and Ocado the standouts
Tesco and the discounters have emerged as the winners in the battle for Christmas sales, according to industry data.
-
NewsWilliam Jackson Food Group posts loss following impairment on Belazu brand
The Covid-induced plunge in foodservice sales saw the group revise financial forecasts for Belazu
-
NewsCity Snapshot: C&C Group Christmas trading hit by Omicron
Magners producer and beer and wine distributor C&C Group has warned that its profits could be impacted by a significant downturn in trading in December amid the spread of the Omicron Covid variant
-
NewsCity snapshot: Greggs’ CEO Whiteside to retire as it upgrades profit guidance
Food to go and bakery giant Greggs has lifted full year earnings expectations despite “tough trading conditions” as it announces the retirement of long-time CEO Roger Whiteside. Plus, upgrades from retailers B&M and Next though Christmas footfall disappoints.
-
NewsMedia Bites 5 Jan: Iceland, Leisure stocks, Manufacturing
Iceland has revealed that more than one in 10 workers are currently self-isolating as staff shortages take a toll on business
-
NewsFood inflation spikes in December with price rises set to pick up speed in 2022
Food inflation hit its highest level since March 2019 in December, with fresh food seeing the largest rate of inflation in almost a decade.
-
NewsMedia Bites 20 Dec: Dave Lewis/GSK, M&S, Farmdrop
Sir Dave Lewis, the former Tesco chief, will this week be appointed to lead the £40bn separation of GlaxoSmithKline’s consumer healthcare arm
-
NewsYeo Valley profits rise as demand for health-focused yoghurt soars
Newly filed accounts for Yeo Valley Production for the year to 30 May 2021 showed sales were up 5% to £265m
-
NewsCity News: Mixed news from Ocado as growth falls below expectations
Ocado initially surged to the top of the FTSE 100 risers on Wednesday as news broke of a legal ruling in its favour against Norway’s AutoStore