All articles by Alec Mattinson – Page 66
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NewsMedia Bites 1 Sep: Inflation, Electric forecourts, Coffee supplies
UK shop prices rose last month in a sign that driver shortages and the costs of Brexit-induced red tape are beginning to hit household budgets
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NewsCity Snapshot: Sainsbury’s nears £200m banking arm sale
Sainsbury’s is reportedly in “advanced discussions” to sell off its banking arm to US private equity firm Centerbridge.
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NewsCity News: Sainsbury’s shares soar as takeover speculation mounts
Takeover fever engulfed Sainsbury’s this week, as corporate raiders looking to the UK for cheap assets eyed up yet another supermarket
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NewsBurts sustains growth surge despite foodservice sales fall
Premium crisps brand Burts Snacks maintained its surging growth last year despite a collapse in foodservice sales
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NewsMedia Bites 27 Aug: Pig surplus, DS Smith, Food shortages
The UK’s pig producers have warned they are weeks away from culling healthy animals after labour shortages in abattoirs caused a backlog of 70,000 surplus animals on farms (The Financial Times £). Labour shortages at meat processing plants have resulted in a surplus of 70,000 pigs on ...
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NewsCity Snapshot: Delivery Hero revenues surge but losses edge upwards
German food delivery firm Delivery Hero posted surging sales in the first half of 2021, although its EBITDA losses remained at over €330m as it continued to invest in growth
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NewsMedia Bites 25 Aug: Morrisons, Asda, Just Eat
The £7bn US private equity takeover of Morrisons could “materially weaken” the security of its pension schemes, trustees have warned.
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NewsCity Snapshot: UK supermarket sales rise as grocery shopping shifts back instore
Total till sales in the grocery sector bounced back to growth of 1.1% in the most recent four weeks as physical stores benefited from a 10% slump in online grocery sales.
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NewsMedia Bites 23 Aug: Sainsbury’s, Morrisons, M&S
Private equity giants are circling Sainsbury’s with a view to possibly launching bids of more than £7bn
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NewsSkinny Food Co on hunt for investor support to back international push
The Nottingham-based supplier has tasked PwC with exploring investment options
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NewsCity News: McBride issues major profit warning as costs mount
The private-label cleaning goods producer downgraded its full-year profit expectations by up to 65% on Thursday
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NewsHeinz UK benefits from surging sales of its sauces and meals
The UK arm of Kraft Heinz saw surging sales of sauces and hot meals last year, as strong grocery trading during the coronavirus outbreak more than mitigated the loss of foodservice sales
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NewsMorrisons agrees deal with CD&R after raised £7bn bid
US private equity giant Clayton, Dubilier & Rice has moved into pole position in the bidding war for Morrisons, having agreed a new £7bn 285p per share deal for the supermarket.
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NewsCity snapshot: Morrisons agrees to new £7bn CD&R bid
US private equity giant Clayton, Dubilier & Rice has moved into pole position in the bidding war for Morrisons, having agreed a new £7bn 285p per share bid for the supermarket.
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NewsMedia Bites 20 Aug: Morrisons/CD&R, Amazon, McBride
Morrisons’ board switched its recommendation last night and backed a £7 billion takeover by Clayton Dubilier & Rice after the private equity firm trumped rival Fortress (The Times £). Clayton, Dubilier & Rice has increased its offer for Morrisons to 285p per share, in the latest round ...
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NewsCity snapshot: McBride issues profits warning on rising costs
Household goods manufacturer McBride has slashed its earnings expectations by up to 65% as mounting input and transportation costs hit its bottom line.
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NewsMedia Bites 18 Aug: Nando’s, Just Eat Takeaway, Grocery market share
Nando’s has been forced to shut restaurants and reduce hours at some after its chicken deliveries were hit by a nationwide shortage of lorry drivers
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NewsGrocery sales fall as pre-pandemic shopping behaviour returns
With the end of social distancing restrictions people have been happier to head into stores to make more regular, smaller shops, according to Kantar
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NewsMedia Bites 16 Aug: Morrisons, Pret A Manger, Asda
The American private equity firm that first put Wm Morrison in play is gearing up to trump a rival £6.7 billion offer for the British supermarket chain this week and to persuade its target’s board to change its recommendation. (The Times £) Talks to get the US ...
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NewsCity News: Deliveroo bounces back from ‘worst IPO in London’s history’
The shares were heavily backed on Monday after it emerged German rival Delivery Hero had built a 5.1% stake in Deliveroo