All articles by Alec Mattinson – Page 60
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NewsMedia Bites 29 Nov: Asda/EG Group, Black Friday, Gail’s Bakery
The billionaire Issa brothers are weighing up a merger of Asda and their petrol station business EG Group, which would value the combined business at £26bn
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NewsCity News: Market cautious on Cranswick despite first-half sales growth
Meat giant Cranswick brushed off falling sales of its core pork products this week to post first-half sales growth thanks to category expansion, but investors remain wary of butcher shortages, capacity constraints and falling sales to China.
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NewsGraze battles fall in impulse while DTC business drops again
Bought by consumer giant Unilever in February 2019 as a DTC play, Graze was not able to offset the loss of sales in impulse
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NewsTonic wine Buckfast hits the buffers as Covid dampens demand
Newly filed accounts for Buckfast distributor J Chandler & Co show sales reversed by 10.8% in the year to 31 March 2021
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NewsCity Snapshot: Stocks crash on fears over new South Africa Covid variant
Food-to-go grocery stocks are amongst those shares that have plunged this morning on fears that a new Covid variant could lead to new restrictions on leisure and travel to mitigate its spread
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NewsCity snapshot: Rémy Cointreau upgrades guidance as sales surge past pre-pandemic levels
French spirits player Rémy Cointreau has upgraded its full year guidance after first half revenues jumped 52% driven by the global recovery from Covid. Plus results from Paypoint, Mitchells & Butlers and all the rest of the latest news from the City.
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NewsOnline wine merchant seeks £150k to back mission to ‘eradicate wine snobbery’
UK online wine merchant Smashed Grapes has launched a £150k fundraising drive
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NewsMedia Bites 24 Nov: Asda/Stuart Rose, Pret A Manger, Pets at Home
Asda has appointed Stuart Rose, the Conservative peer and former boss of Marks & Spencer, as its first dedicated chairman in more than 20 years
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NewsSun Valley Nut Co sold to German confectionery group Zertus
German food group Zertus has acquired The Sun Valley Nut Company as part of its push into healthier snacking in the UK
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NewsCity snapshot: Poultry growth compensates for weaker pork sales at Cranswick
Meat giant Cranswick has brushed off a drop pork retail and export sales amid a shortage of butchers to grow first half revenues and profits on increased sales poultry and other categories. Plus results from Compass Group and Pets at Home and all the rest of the latest news from the City
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NewsCraft brewery Anspach & Hobday raises £440k to boost London Black
London-based craft brewery Anspach & Hobday has raised £440k to upgrade its brewery to boost production of its London Black rival to Guinness.
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NewsMedia Bites 22 Nov: M&S, Unilever/Tea brands, Amazon
Private equity giant Apollo has been running the rule over Marks & Spencer in recent months in a sign that the wave of deal-making rocking the retail industry is set to continue
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Analysis & FeaturesOC&C 150 rankings: how the UK’s Top 150 food & drink suppliers fared in the pandemic
Some thrived, some lagged behind, but there’s more hurdles to come for the UK’s Top 150 food & drink suppliers
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NewsAnother M&S profit forecast hike earns the City’s confidence
Shares in M&S rocketed to two-year highs this week, after the second profit forecast hike of the year helped convince the City of its latest attempt to turn around fortunes
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NewsCity snapshot: WH Smith eyes return to profit after Covid travel disruption drives £116m loss
WH Smith is targeting a return to “meaningful” profit growth and pre-Covid sales levels in its current financial year after suffering a £116m loss due to reduced trade at its growing travel network as a result of the pandemic.
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NewsMedia Bites 10 Nov: ABF/Primark, Grocery market share, Philip Morris
The boss of Associated British Foods underlined his confidence in Primark’s bricks-and-mortar strategy and said it would not raise prices despite supply chain pressures
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NewsCity snapshot: Grocery sales fall as shoppers stay away from stores
Grocery sales fell by 1.9% in the three months to the end of October as consumer shopping behaviour stabilises post pandemic. Plus food sales mitigate Primark sales drop at ABF, CCEP sees strong GB recovery and all the rest of the latest news from the City.
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NewsMedia Bites 8 Nov: Yo! Sushi, Weetabix, M&S
he company behind the sushi chain Yo! has halted plans for a £750m stock market listing amid growing unease among investors
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NewsCity News: Sainsbury’s bumper profits not enough to offset Argos concerns
Continued strong grocery performance was not enough to reassure investor concerns over increasing costs and tumbling Argos sales.
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NewsCoconut Collaborative sees sales grow by 29%
The yoghurt alternative brand’s sales rose from £11.9m in 2019 to £15.2m in 2020.