All articles by Alec Mattinson – Page 72
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NewsMedia Bites 9 June: Sausage trade war, British American Tobacco, Pubs
Boris Johnson is battling to avoid a sausage trade war with Brussels which could see chilled meats barred from shops in Northern Ireland
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NewsCity snapshot: May retail sales boosted by hospitality reopening
UK retails sales jumped 10% in May on a two-year basis, driven by buoyant consumer spending as the UK reopens from the coronavirus lockdown
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NewsMedia Bites 7 June: Reckitt Benckiser, Chapel Down, Getir
Reckitt Benckiser is taking a £2.5bn loss on the sale of its struggling baby formula business in China
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NewsCity News: B&M shares fall on expectation it can’t ‘improve on perfection’
Having absorbed B&M European Value Retail’s surging annual sales and doubling of profits, the market promptly sent the discounter down 5%
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NewsFactory closure drives Upfield loss in first year following Unilever separation
Flora owner Upfield fell to a £28.5m operating loss in its first year of separation from previous owner Unilever
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NewsEuro Food Brands sees growth despite Illycafè demerger
Specialist distributor Euro Food Brands has posted double-digit annual growth despite the demerger of its UK Illycaffè Italian coffee business as demand for its global brands soared during the pandemic
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NewsMonde Nissin raises $1bn to drive global growth of Quorn
The owner of Quorn has raised $1bn to help fund a global push for its meat alternative brand after listing on the Philippines Stock Exchange.
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NewsCity snapshot: Wine sales surge at Chapel Down but sale of Curious Drinks hits profits
English wine maker Chapel Down shrugged off widespread closures in the off-trade to grow sales volumes 38% last year, but group results were hit by the weaker performance of its demerged beer and cider arm Curious Drinks.
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NewsMedia Bites 4 June: Tesco, Food prices, B&M
Tesco faces £2.5bn bill after the European Court of Justice Supermarket ruled that shop floor workers’ pay can be compared to distribution centre staff
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NewsCity snapshot: Profits and sales surge in ‘exceptional’ year for B&M
Revenues leapt by a quarter and profits more than doubled at B&M European Value Retail as the coronavirus pandemic led to a spike in demand.
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NewsMedia Bites 2 June: Ferrero/Burton’s, Food inflation, JD Wetherspoon
Italian confectionery giant Ferrero has snapped up the maker of Jammie Dodgers and Wagon Wheels, taking a larger bite of the biscuit market
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NewsCity snapshot: Quorn owner Monde Nissin debuts US$1bn IPO
Global noodle giant and Quorn owner Monde Nissin has completed the Philippines largest initial public offering in history after listing its shares today in a £720m float.
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NewsCity News: M&S exits torrid year with hopes the worst is behind it
M&S exited a torrid year with some positive momentum this week, triggering hopes in the City that the beleaguered retailer may be finally leaving the worst behind it
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NewsGreencore predicts strong bounceback of food to go as lockdown ends
The UK’s largest sandwich maker this week said sales fell by a further 19% to £577.1m in the six months to 26 March
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NewsCity snapshot: AG Barr reports encouraging trading as lockdown eases
AG Barr has said it is on target to bounce back in 2021, with sales recovering as the UK reopens
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NewsMedia Bites 28 May: EG Group, Pets at Home, Tate & Lyle
Demand for takeaways during the lockdown drove profits up at the petrol station owner EG Group, offsetting a decline in fuel
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NewsCity snapshot: Covid pet ownership surge boosts Pets at Home
The surge in pet ownership during the coronavirus period has boosted trading at the country’s largest pet retailer Pets at Home. Plus annaul results from Tate & Lyle and PayPoint and all the latest news from the City.
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NewsMedia Bites 26 May: Gail’s, Greencore, Grocery market share
Luke Johnson has revived his attempt to sell the upmarket bakery chain Gail’s after a strong performance during the pandemic
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NewsCovid restrictions hit first half sales at Greencore
Sales fell by a further 19% in the first half at Greencore as coronavirus restrictions continued to hit its food to go business.
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NewsCity snapshot: Grocery sales dip as lockdown eases
Take home grocery sales edged back 0.4% in the 12 weeks to 16 May the UK’s coronavirus lockdown eased and the vaccine rollout continued. Plus, Greencore and Restaurant Group encouraged by trading following COVID reopening and all the rest of the latest news from the City