All articles by Alec Mattinson – Page 64
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NewsCity snapshot: Retail sales continue to slide in August
Retail sales were down once more in August as the return of the hospitality industry hit food sales
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NewsMedia Bites 17 Sep: John Lewis, Philip Morris, The Co-op
The owner of John Lewis and Waitrose slashed losses to £29m in the first half of its financial year, but warned it faced “significant uncertainty” about trading over Christmas
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NewsCity Snapshot: John Lewis cuts losses but exceptional costs leave it in the red
The John Lewis Partnership has bounced back from a £635m loss in its first half of 2020, but remains in the red. Plus interim results from The Co-op and Hilton Food Group, while Phillip Morris declares victory in Vectura battle.
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NewsMedia Bites 16 Sep: Inflation, John Lewis Partnership, Fever-Tree
Rise in food and transport costs sends inflation soaring to highest increase on record
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NewsGail’s Bakery owner Bread Holdings sold to Bain Capital
US private equity player Bain Capital has acquired Gail’s Bakery and The Bread Factory owner Bread Holdings alongside fellow investor EBITDA Investments
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NewsCity snapshot: International growth drives 36% Fever-Tree sales rise as margins slide
Premium mixers suppliers Fever-Tree has posted a 36% rise in year-on-year revenues in the first half of the year, though rising cost pressures meant margins contracted
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NewsMedia Bites 15 Sep: Ocado, Gail’s, Morrisons
Ocado has been left nursing losses of £10m after a major fire at its biggest robotic warehouse knocked £35m off sales
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NewsCity snapshot: Ocado sales drop 10.6% as Erith fire and online slowdown hits growth
Ocado Retail has announced a 10.6% drop in third quarter revenues as it suffered the effects of a fire at its Erith customer fulfilment centre and exceptional strong comparatives from 2020. Plus, CD&R strikes agreement with Morrisons pension scheme trustees, grocery sales fall and all the rest of the latest news from the City.
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NewsMedia Bites 14 Sep: Unilever, BrewDog, Primark/ABF
Advent International and Singapore’s Government Investment Corporation are to launch a £4bn offer for Unilever’s tea brands
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NewsYo Sushi owner counteracts restaurant sales drop with more supermarket counters
Yo Sushi parent company Snowfox suffered a sharp drop in sales as stores were forced to shut in pandemic, but it continues to grow its supermarket presence to mitigate the impact
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NewsCity snapshot: ABF ups profit guidance on sugar and Primark outperformance
Associated British Foods has raised its full year profit guidance after the fourth quarter margin performance of Primark and its sugar business beat expectations
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NewsMedia Bites 13 Sep: M&S, WH Smith, EG Group
Marks & Spencer is reviewing the future of its 20 French stores after border delays caused by Brexit hit deliveries of UK-made fresh and chilled foods
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NewsAdd Psalt starts next phase of support for black-owned brands
The entrepreneurs will receive strategic guidance, product and brand development, and access to national retail distribution
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Analysis & FeaturesOC&C Global 50 food and beverage report and ranking: the impact of Covid-19
The world’s 50 biggest fmcg giants have seen growth slow, though they have outpaced smaller players. As restrictions ease, how permanent is the new dynamic?
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Analysis & FeaturesHow Covid-19 cuts value of merger and acquisition deals
Global 50 M&A levels were weak during Covid – the lowest level for well over a decade. Deals were worth $22bn from 45 deals, down from 2019’s $45bn from 48 deals. Activity was led by PepsiCo’s $3.9bn deal for Rockstar, while Nestlé made a $1.7bn bio-pharma bet ...
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NewsCity Snapshot: EG Group reportedly mulls $15bn sale options
EG Group is exploring options with bankers that could result in a $15bn (£10.8bn) sale, according to reports.
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NewsMedia Bites 10 Sep: Morrisons, EG Group, Costa Coffee
Morrisons has warned it expects “industry-wide” price rises ahead while reporting half-year results showing a 43% slump in profits
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NewsCanO Water nets former Heineken European boss as part of funding round
Canned water brand CanO Water has secured a seven-figure investment sum to further tap into consumer demand for alternatives to single use plastics.
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NewsMorrisons warns of ‘industry-wide retail price inflation’ later this year
The pandemic, rising commodity costs, freight inflation and the shortage of HGV drivers across the UK were all putting pressure on prices, it said
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NewsCity snapshot: Sales and profits slide at Morrisons as it warns of rising costs
Morrisons saw like for like sales fall 3.7% in the second quarter against “tough” year on year comparatives, while first half pre-tax profits fell by more than a third due to Covid costs and business rates.