All articles by Alec Mattinson – Page 63
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NewsMedia 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
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NewsBurton’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
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NewsCity News: Tesco brushes off supply chain challenges with profit expectations hike
The supermarket leader hiked its full-year profits expectations
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NewsQuorn 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
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NewsCity 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.
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NewsMedia 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
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NewsMedia 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
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NewsAddo and Winterbotham Darby merged as Compleat Food Group after PAI acquisitions
Chilled food suppliers Addo Food Group and Winterbotham Darby will come together under the new banner of The Compleat Food Group following their acquisition by PAI Partners earlier this year.
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NewsTesco profits boosted by strong UK sales and Booker rebound
Tesco has hiked its profits expectations this year after strong UK sales and the sharp recovery of Booker boosted its first half performance.
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NewsCity snapshot: Tesco raises profit expectations on strong sales growth
Tesco has hiked its profits expectations after strong UK sales and the sharp recovery of Booker boosted its first half performance.
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NewsCity snapshot: Hotel Chocolat sales and profits rise on digital growth
Hotel Chocolat has posted a financial year ahead of the board’s expectations, with strong revenue and profit growth despite the impact of the pandemic
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NewsUK food and drink deal activity surges to ten-year high
UK food and drink M&A activity jumped to its highest level since 2010 in the fourth month period between May and August as the 2021 rush of dealmaking continued.
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NewsSamworth Brothers revenues take hit from food to go slump
The Ginsters and West Cornwall Pasty Co owner said Covid’s impact on buying habits had led to a “very difficult and challenging”
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NewsEG Group buys bakery chain Cooplands
UK forecourt giant EG Group has expanded its foodservice portfolio with the acquisition of bakery business Cooplands.
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NewsMedia Bites 4 Oct: Morrisons, Tesco, Pig cull
Private equity giant Clayton, Dubilier & Rice is poised to buy Morrisons for £7 billion after emerging victorious from a three-month bidding war for the supermarket chain
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NewsHovis falls to takeover-driven pre-tax loss despite revenue uptick of 8%
Hovis revenues were up 8% in 2020 to £360.7m despite the ‘highly competitive’ nature of the wrapped bakery category
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NewsCity snapshot: Greencore fourth quarter sales back above pre-Covid levels
Greencore has seen further recovery in its fourth quarter to take revenues back above pre-Covid levels and full year operating profits at the upper end of expectations
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NewsMedia Bites 1 October: Fuel crisis, Furlough, Sainsbury’s
There has been no improvement in petrol supplies at independent petrol stations since Wednesday, according to industry body the Petrol Retailers Association
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NewsCity snapshot: Diageo points to margin recovery as hospitality sector reopens
Diageo has said it has made a ‘strong start’ to its financial year, forecasting an improvement in operating margins despite supply chain constraints. Plus, Parsley Box warns on sales and profits and all the rest of the latest news from the City.
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NewsMedia Bites 29 Sep: Fuel crisis, Unilever, Morrisons
Petrol stations will face disruption for up to a month even if people stop panic buying, industry figures have warned, despite ’tentative’ signs that the situation is starting to improve