All articles by Alec Mattinson – Page 68
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NewsMedia Bites 30 July: Morrisons, Arla, Diageo
M&G Investments has joined the growing list of big investors that have rallied against the sale of Morrisons to a Fortress-led consortium
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NewsCity snapshot: Nestlé raises growth expectations after coffee drives first half sales increase
The world’s largest food group Nestlé has raised its full year growth forecast after posted organic growth of 8.1% in the first half as booming coffee sales drove strong growth. Plus updates from AB InBev, Danone, Diageo, Compass Group, Pets at Home and more.
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NewsMedia Bites 28 July: Morrisons, Reckitt Benckiser, Iceland
The proposed £9.5bn takeover of Morrisons has been thrown into jeopardy after the supermarket group’s largest shareholder blasted the Fortress-led bid
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NewsGreencore sales bounce back as food to go recovers
Greencore has posted “strong revenue momentum” in its third quarter, with group pro forma revenue 53.1% above prior year levels and only 2.8% below equivalent pre-COVID levels in the same quarter of 2019
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NewsReckitt warns rising costs will eat into 2021 margins
Reckitt Benckiser has posted a drop in first half profitability as mounting costs hit margins and revenues declined due to tough year-on-year comparisons
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NewsCity snapshot: July grocery sales rebound thanks to summer sport and warm weather
Grocery sales improved in the four weeks to July 17 as trading was boosted by better weather and the summer sports events, according to the latest figures from NielsenIQ. Plus, Reckitt’s profits plunge as costs add up, Greencore’s food to go rebounds and all the latest news from the City.
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Comment & OpinionAs PMI eyes ‘healthcare and wellness’, could Marlboro Man be saddling up for his last ride?
CEO Jacek Olczak told the Mail on Sunday it could stop selling cigarettes in the UK in as little as 10 years’ time
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NewsMedia Bites 26 July: Pingdemic, Morrisons, Philip Morris
An emergency government plan to prevent the spiralling “pingdemic” from hitting food supplies has descended into chaos
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NewsInc Retail picks up major stake in Gut Instinct
The plant-based products maker has sold a 42% stake to Inc Retail
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NewsUnilever and Fever-Tree feel weight of mounting costs
Unilever on Thursday warned mounting costs would leave full-year margins flat even as it outstripped City expectations
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NewsCity snapshot: Premier Foods forecasts profits at top end of expectations after ‘encouraging’ start to year
Premier Foods’ first quarter sales were at the ’top end of expectations’ despite falling back 13.2% year-on-year
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NewsMedia Bites 23 July: Pingdemic, Morrisons, Unilever
Supermarket depot workers and food manufacturers will be exempt from quarantine rules as the government tries to prevent food supply problems
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NewsCity snapshot: Unilever warns over rising costs despite strong growth
Unilever has posted stronger than expected second quarter underlying sales growth of 5%, but warned mounting cost inflation will hit margin growth
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NewsCoca-Cola ups guidance on strong second quarter rebound
Soft drinks giant Coca-Cola has upped its full year guidance as sales roared back in its second quarter as coronavirus restrictions have eased across the globe
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NewsStruggling Typhoo Tea ‘secures major investment’ in private equity deal
Private equity investor Zetland Capital has taken a majority stake in Typhoo Tea as the brand battles to turn around years of losses and the structural downturn of the black tea market
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NewsMedia Bites 21 July: Morrisons, Fever-Tree, Grocery market share
US private equity firm Clayton Dubilier & Rice is working on another bid for Morrisons in a sign that the battle to buy the supermarket chain is far from over
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NewsCity snapshot: Apollo in talks to join Fortress’ Morrisons bid
Apollo Global Management is in talks to join the Fortress Investments-led consortium bidding to buy Morrisons and will not make its own approach for the supermarket.
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Media Bites 19 July: Ocado, Morrisons, PMI
Ocado has cancelled thousands of orders after a fire at a fulfilment centre in south-east London on Friday
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NewsCity News: Tate & Lyle’s long-awaited split gets tepid investor response
Another week, another US private equity giant snaps up a UK-listed asset
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NewsWeetabix benefits from Covid breakfast boom to see sales rise
A resurgence of breakfasting during the pandemic helped Weetabix grow sales and profits last year, though pantry loading and reduced on-the-go consumption have hit volumes so far in 2021