All articles by Alec Mattinson – Page 73
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NewsMedia Bites 24 May: M&S, John Lewis, TGI Fridays
Bosses at Marks & Spencer will try to put the pandemic and a decade of woes behind the retailer next week when they reveal that it has clawed its way back into the black
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NewsPremier’s dividend payment represents further proof of turnaround credentials
Premier Foods took another step in its City turnaround this week by paying out its first investor dividend for 13 years
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Analysis & FeaturesIs new CEO Antoine de Saint-Affrique enough to rescue Danone?
The Barry Callebaut boss was this week appointed Danone CEO
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NewsCity snapshot: UK retail sales surge as shoppers flock back to stores
Retail sales volumes jumped 9.2% in April as the easing or coronavirus regulations and the return of shoppers in stores boosted the industry. Plus, Oatly shares soar on market debut, UK consumer confidence rises and all the latest news from the City
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NewsMedia Bites 21 May: Oatly, FeverTree, Plastic bags
Shares in Oatly have surged by 30% on the company’s US stock market debut, valuing the alt-milk maker at $13bn
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NewsCity snapshot: FeverTree boosted by rise of at home cocktail consumption
Fever-Tree has continued to post “strong” off-trade sales in the early months of 2021 ahead of the re-opening of pubs, bars and restaurants and coronavirus restrictions eases around the world. Plus, Oatly prices $1.4bn IPO, Young’s posts loss due to pub closures and all the latest news from the City.
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NewsTenacious Labs buys Colorado-based B2B CBD player SZM
Recently launched buy-and-build cannabinoid group Tenacious Labs has made its second acquisition since launch, buying Colorado-based contract manufacturer SZM in a cash-and-shares deal
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NewsMedia Bites 19 May: Australia trade deal, Tesco, Land Securities
UK farmers have sounded the alarm over reports the government plans a trade deal with Australia that would make its food and farming imports cheaper
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NewsExecutive pay plunges at Tesco as Covid costs and bank charges hit bonus targets
The supermarket declined to pay an annual bonus to its leadership team as it failed to hit profit targets
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NewsCity snapshot: Surging retail sales drive double digit profit and revenue rise at Cranswick
A surge in retail sales during the pandemic has driven a double-digit rise in annual sales at meat producer Cranswick. Plus, Britvic encourage by recent trading after lockdown hits first half performance and sales and profits rise at Imperial Brands.
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NewsMedia Bites 17 May: Amazon, Reckitt Benckiser, Ocado
Amazon is to create a further 10,000 permanent jobs this year, bringing its total workforce to 55,000 permanent staff
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NewsRiverford Organic Farmers revenues rise on ‘phenomenal surge in demand’
Turnover at the Devon-based company jumped 13.5% to £75.7m for the 52 weeks to 30 April 2020.
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NewsCity News: AB InBev’s new top team will benefit from post-lockdown resurgences
AB InBev confirmed on Thursday that CEO Carlos Brito would step down after 15 years in charge, to be replaced by North America chief Michel Doukeris, amid a strong rebound of first quarter sales as coronavirus restrictions eased across key markets.
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NewsWaitrose defends rates relief as it posts record profits
Waitrose posted record levels of profits last year as sales boomed during a period in which it benefited from business rates relief.
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NewsCity snapshot: AB InBev boss Carlos Brito to step down
The world’s largest brewer AB InBev has announced CEO Carlos Brito will step down after 15 years in charge, to be replaced by North America chief Michel Doukeris. Plus ABI posts strong start to 2021, Virgin Wines and Glanbia up guidance and all the rest of the latest news from the City
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NewsPure Pet Food receives further private equity cash injection
The latest funding round follows a £2m cash injection from NVM Private Equity in 2019
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NewsMedia Bites 5 May: Tesco, Co-op, Nestlé
Tesco has agreed to increase sales of healthier food following pressure from investors
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NewsCity snapshot: HelloFresh sales more than double amid increased capacity
European delivery kit giant HelloFresh has posted another quarter of bumper growth as it increased capacity to meet surging demand during the coronavirus pandemic.
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NewsSainsbury’s shares fall on well-flagged Covid costs
Sainsbury’s was the latest grocer to see its share price fall after one-off costs drove it to an annual loss
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NewsUK food M&A activity recovers to highest level seen since 2017
According to Grant Thornton’s quarterly M&A report, the 63 transactions announced in the first quarter represent the highest deal volumes since 2017