All articles by Alec Mattinson – Page 62
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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
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NewsMedia Bites 20 Oct: P&G, Morrisons, Gorillas
Procter & Gamble has said it will raise prices on more household goods, warning that supply chain costs would be higher than previously anticipated
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NewsP&G faces $2.1bn commodity hit as first quarter margins slide
US consumer giant Procter & Gamble has posted a 5% rise in first quarter net sales, but warned it faces a $2.1bn headwind from higher commodity prices and a further $200m due to freight costs.
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NewsCity 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.
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NewsDTC 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
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NewsMedia 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
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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
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NewsAt-home cooking boom drives soaring sales and profits at Filippo Berio
New accounts state Covid had a ‘significant positive impact’ on the business
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NewsCity 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
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NewsMedia Bites 15 Oct: THG, Domino’s Pizza, Boots
Crisis-hit THG needs an ‘independent and credible voice’ in the boardroom to restore investor trust
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NewsHighland 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
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NewsCity 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.
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NewsMedia 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
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NewsKP 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
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NewsGrocery 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
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NewsCity 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