All articles by Alec Mattinson – Page 59
-
News
City snapshot: Grocery growth falls back as consumers tighten belts amid wider inflation
Grocery sales fell 0.7% in the four weeks to 9 October as UK consumers rebalanced spending priorities amid rising energy and fuel costs, according to Nielsen. Plus, McBride issues further profits warning on mounting costs.
-
News
DTC petfood specialist Butternut Box sees sales more than double
Dogfood subscription specialist Butternut Box saw revenues surge by 114% to more than £23m last year
-
News
Media Bites 18 Oct: THG, Morrisons, Impossible Foods
The founder of The Hut Group is poised to give up his “golden share” in the company after a sharp fall in its share price
-
News
‘Not a great day’ for THG as investor confidence collapses
THG shares were already on a starkly bearish run, having dropped from 685p in early September to 456p at the start of the week
-
News
At-home cooking boom drives soaring sales and profits at Filippo Berio
New accounts state Covid had a ‘significant positive impact’ on the business
-
News
City snapshot: Compass Group makes global net zero commitment
Catering giant Compass Group has announced a new commitment to reach net zero greenhouse gas emissions across its global operations and supply chain by 2050
-
News
Media Bites 15 Oct: THG, Domino’s Pizza, Boots
Crisis-hit THG needs an ‘independent and credible voice’ in the boardroom to restore investor trust
-
News
Highland Spring: logistics crisis slowing recovery from Covid
Bottled water brand Highland Spring has blamed the logistics crisis for inhibiting its sales rebound from a Covid-depressed 2020
-
News
City snapshot: Store openings drive sales increase for Poundland owner Pepco Group
Poundland owner Pepco Group has grown its full year revenues by almost 20% as significant store expansion and like-for-like sales growth despite the Covid pandemic boosted performance. Plus, boar shake-up at British Honey Co and VAT changes hit growth at Domino’s.
-
News
Media Bites 13 Oct: THG, Glaxosmithkline, Retail sales
A key investor presentation intended to soothe City jitters over The Hut Group backfired spectacularly yesterday when it was followed by a barrage of sell orders and £1.9bn was wiped from the company’s value
-
News
KP Snacks grows sales and profits despite Covid hit
McCoy’s and Tyrrells producer KP Snacks overcame the collapse in out-of-home snacking to grow revenues and hike profits last year
-
News
Grocery sales drop as fuel crisis leads to fewer store visits
Take-home grocery sales fell by 1.2% over the 12 weeks to 3 October 2021, according to the latest figures from Kantar as the petrol crisis limited instore shopper numbers
-
News
City snapshot: UK retail sales falter as fuel crisis hits confidence
UK retail sales rose by their slowest rate since the UK was in lockdown in January as fuel shortages and wet weather hit consumer purchasing
-
News
Media Bites 11 Oct: Burger King, Shrinkflation, The Hut Group
Fast-food giant Burger King’s UK division is set to float on the London Stock Exchange for about £600 million as demand rebounds from the Covid pandemic
-
News
Burton’s Biscuits posts double-digit sales jump on Covid retail growth
Burton’s Biscuit Co saw a double-digit sales jump last year as soaring exports and strong grocery retail performance mitigated closures in the food service sector
-
News
City News: Tesco brushes off supply chain challenges with profit expectations hike
The supermarket leader hiked its full-year profits expectations
-
News
Quorn sales hit by foodservice slump and capacity constraints
Meat-free brand Quorn saw its growth hit by capacity constraints and a slump in foodservice sales last year
-
News
City snapshot: Grubhub founder Matt Maloney quits Just Eat Takeaway.com
Founder of US delivery player Grubhub Matt Maloney will step away from Just Eat Takeaway.com months after the completion of its £5.8bn acquisition.
-
News
Media Bites 8 Oct: Fuel crisis, Nestlé, Majestic Wine
The UK’s petrol retailers have called for an independent inquiry into the fuel crisis to ensure it does not happen again
-
News
Media Bites 7 Oct: Tesco, Ocado, Imperial Brands
Tesco reported a doubling of first-half profits and raised its full-year outlook - shrugging off the challenges posed by supply chain disruption