All articles by Alec Mattinson – Page 59
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Analysis & FeaturesSavoury pastries & meat snacks 2021: brands able to maintain momentum
Higgidy and other meal-focused pastry brands have benefited from the continued growth of at-home dining occasions
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NewsCity snapshot: Black Friday drives retail recovery in non-food
Retail sales volumes bounced back strongly in November as growth in non-food saw the sector 7.2% higher than pre-Covid levels.
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NewsUK food and drink exports plunge 15.9% in 2021 as trade barriers and Covid hit
UK food and drink exports have dropped by £2.7bn in the first three quarters of 2021 compared with pre-pandemic levels due to a plunge in sales into the EU.
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NewsCity snapshot: McBride widens loss forecast on input costs spike
Private label household goods manufacturer McBride has downgraded earnings expectations due to ’very significant’ inflationary pressures outpacing its price increases. Plus, Domino’s Pizza Group strikes new franchisee agreement and M&S agrees new green funding package.
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NewsMedia Bites 15 Dec: Ocado, Tesco, Inflation
Shares in Ocado rose after a legal victory in the US over patents for its robots, but poor sales took the sparkle off
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NewsCity snapshot: Ocado sales dented by labour shortage
Ocado sales fell back 4% in its fourth quarter as labour shortages, temporary capacity contrants and the normalisation of consumer shopping behaviour dented the online supermarket’s growth. Plus, store growth boosts Pepco’s profits and grocery sales fall back in November.
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NewsMedia Bites 13 Dec: M&S/Ocado, Boots, Plan B/Omicron
Whether M&S should buy Ocado, the sale of Boots and the effects of new governmnet Covid restrictions are all in the news
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NewsCity News: Investors stick with SSP Group despite Omicron wobble
The Omicron Covid variant may have wobbled travel food retailer SSP Group’s ongoing recovery, but investors remained unshaken this week by a second £400m loss and the threat of further travel disruption
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NewsCity snapshot: Hilton agrees €90m deal for Dutch salmon producer Foppen
Hilton Food Group is making its first foray into North America with acquisition of international smoked salmon producer Dutch Seafood Company, trading as Foppen. Plus ABF issues trading update ahead of AGM.
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Analysis & FeaturesCan Boots really be worth more than Asda and Morrisons? And who would buy it?
Reports have suggested the chain could be worth as much as £10bn in a spin-off by Walgreens. What’s it really worth and who might buy?
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NewsCity snapshot: Packaging demand boosts sales and profits at DS Smith
FTSE 100 packaging player DS Smith grew revenues and profits at a double-digit rate in the first half of its financial year driven by strong demand from the ’resilient’ fmcg sector.
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NewsMedia Bites 8 Dec: Strikes, Inflation, Booths
Asda has joined Tesco in facing the prospect of strike action ahead of the key Christmas trading season
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NewsCity snapshot: Grocery sales fall back despite mounting price inflation
Grocery sales fell by 3.8% in the last 12 week period, according to Kantar, despite inflation rising to its highest level since June 2020.
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NewsMedia Bites 6 Dec: Walgreens/Boots, Tesco, Omicron
The parent company of Boots, Britain’s biggest high street chemist, is to explore a sale of the business next year that could value it at well over £5bn
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Analysis & FeaturesWhy Greencore lost 11% of its value when CEO Patrick Coveney announced his departure
With Greencore now back on its feet, Patrick Coveney’s move to SSP Group took the market by surprise. He’ll find plenty to do in his new role
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NewsCity snapshot: Black Friday fails to boost retail footfall
Total UK footfall fell by double-digits in November compared to pre-Covid levels, as the Black Friday event failed to boost in-store shopper numbers.
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NewsMedia Bites 3 Dec: CD&R/Morrisons, Deliveroo, Selfridges
Clayton, Dubilier & Rice has delayed plans to raise £6.6bn in debt to finance its buyout of supermarket chain Morrisons
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NewsCity snapshot: Agronomics sets sights on £25m funding round
The Isle of Man-headquartered company, which is listed on the London Stock Exchange, plans to raise the money via a proposed placing of shares.
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NewsMedia Bites 1 Dec: Inflation, Christmas Retail, Sainsbury’s
British households are facing a more expensive Christmas shop after labour shortages and surging costs pushed retail prices higher
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NewsCity snapshot: Greencore returns to profit on food to go recovery
Food to go specialist Greencore has returned to profit as revenues recovered due to the relaxation of Covid restrictions. Plus, updates from Treatt, Marston’s and all the rest of the latest news from the City.