All articles by Alec Mattinson – Page 61
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NewsCity snapshot: Nichols upgrades profits on stronger than expected sales rebound
Vimto supplier Nichols has upgraded its full year growth expectations for the 2021 calendar year after a stronger than forecast rebound in sales following the ending of Covid restrictions
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NewsCity snapshot: Sainsbury’s profits jump despite second quarter sales slowdown
Sainsbury’s has posted a strong rebound in first half profits on continued grocery growth despite a wider like for like sales slowdown in its second quarter
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NewsMedia Bites 3 Nov: THG, EG Group, Morrisons
Shares in the Hut Group hit an all-time low on Tuesday after it emerged that BlackRock was halving its stake in the online retailer
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NewsCity snapshot: HelloFresh raises growth expectations on continued strong sales
Meal kit supplier HelloFresh has upped its full year sales forecast after continued strong customer and revenue growth in its third quarter
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NewsHopes rise for Reckitt Benckiser after troubled pandemic performance
The Dettol maker raised its full-year revenue forecast after a stronger third quarter than forecast
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NewsMedia Bites 1 Nov: Asda, Morrisons, Greggs
Asda’s billionaire owners are looking at expanding the chain into continental Europe
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NewsTyphoo sets sights on return to profit after rationalising range
The tea supplier almost halved losses in the run-up to recent investment
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NewsFood & drink sector headwinds keep the lid on M&A activity
Food and drink M&A volumes remained relatively subdued in the third quarter as mounting headwinds constrained dealmaking in the sector.
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NewsCity snapshot: Hilton Food Group buys Fairfax Meadow for £23.8m
Hilton Food Group has acquired the entire share capital of UK-based foodservice meat supplier Fairfax Meadow Europe from Argent Food Group for £23.8m.
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NewsCity snapshot: AB InBev raises profit forecast as sales exceed pre-pandemic levels
The world’s largest brewer AB InBev has raised its full year profit expectations after sales surged past pre-pandemic levels on volume and price growth in its third quarter. Plus updates from C&C Group, Virgin Wines and DS Smith.
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Comment & OpinionWhat we learned in the Autumn Budget 2021: from business rates to alcohol duty reforms
Business rates will be cut but not overhauled, while alcohol duty is in for a more radical reform
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NewsMedia Bites 27 Oct: THG, Reckitt Benckiser, Morrisons
Another £1bn was wiped off THG’s market value yesterday as investors seized on signs of slowing growth and margin pressure
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NewsCity snapshot: Reckitt raises sales expectations as cold and flu sales rebound
Reckitt Benckiser has raised its full year revenue forecast after a stronger third quarter than expected as sales volumes and pricing both increased in the period. Plus, THG strenghtens board as third quarter growth slows.
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NewsMedia Bites 25 October: Tesco, Beyond Meat, Sainsbury’s
Tesco has been hit by hackers, leaving thousands of frustrated shoppers unable to buy groceries online at Britain’s biggest supermarket
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NewsNestlé leads the pack of consumer giants growing despite inflation
Global fmcg players proved this week mounting inflation is not necessarily a barrier to growth, but warned that consumers will have to get used to higher prices
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NewsKanes Foods reports £12m pandemic hit but says sales have bounced back
Salad bowl and prepared veg supplier Kanes Foods suffered a £12m drop as the pandemic ravaged the food-to-go sector, but is now trading above pre-Covid levels
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NewsCity snapshot: Sainsbury’s scraps £200m sales process for banking arm
Sainsbury’s has announced it has halted talks around a possible £200m sale of its financial services arm. Plus, UK retail sales fall in September and Rémy Cointreau sales bounce back.
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NewsMedia Bites 22 Oct: Unilever, Just Eat Takeaway.com, Fuel crisis
Unilever has warned that inflation could worsen next year as raw material and energy costs push up the prices of its food, toiletries and cleaning products (The Guardian). Unilever pushed up prices for its products by more than 4% in the third quarter as the global consumer ...
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NewsCity snapshot: Unilever sales volumes fall as it hikes prices
Unilever’s underlying growth fell back to 2.5% in the third quarter as sales volumes fell back as the consumer giant hiked prices. Plus, Pernod Ricard rebounds on hospitality reopenings and all the rest of the latest news from the City.
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Comment & OpinionThe agile giants: how Nestlé and P&G demonstrate the power of being big
Two of the fmcg market’s largest players have provided further evidence of the growing benefits of scale