All articles by Alec Mattinson – Page 73
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Comment and Opinion
What does the CMA merger block mean for Seedrs and Crowdcube?
It’s hard to argue with the competition watchdog’s contention that a tie-up of the crowdfunding platforms would have lessened competition
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News
Media Bites 29 March: Deliveroo, Asda, Valeo
Deliveroo is poised to swerve around doubters in the City and roar towards a blowout float this week
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News
City News: McColl’s sales fail to flow to bottom line
The chain’s total sales for the 53 weeks to 29 November were up 3.2% to £1.26bn
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News
Media Bites 26 March: Deliveroo, Business rates, Compass Group
A host of Britain’s biggest fund managers have snubbed Deliveroo’s stock market float amid growing concern over the treatment of its workers
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News
City Snapshot: Margins improve at Compass Group despite revenue slump
Compass has announced a continued improvement in profit margins despite an ongoing slump in revenues as the coronavirus outbreak continues to hit sales across its business.
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News
Veggie rice brand Fullgreen targets crowd cash after Covid sales uplift
The brand has launched a crowdfunding campaign on Seedrs, targeting £600k at a pre-money valuation of £2.2m
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News
Media Bites 24 March: Business rates, COVID/Retail, Carrefour
Retail bosses have lashed out at Treasury inaction on business rates
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News
Lab-grown meat startup Meatable raises $47m to scale up production
The Dutch company showcased its first pork product in 2020 and is currently focused on the further development of cultivated pork and beef
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News
City Snapshot: McColl’s profits slide despite Covid sales boom
Strong customer demand during the coronavirus pandemic led to double-digit like-for-like sales growth at McColl’s last year, but consumer shift to lower margin products and investment in price hit profits
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News
Media Bites 22 March: Asda, Online sales tax, Deliveroo
Marks & Spencer food boss Stuart Machin has been singled out as a prime candidate to run Asda
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News
City News: Danone shares rise after it ditches chairman-CEO split plan
Earlier this month Danone had agreed to split the roles of chairman and CEO
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News
Supermarket prices in deflation despite fall in imports from EU
The Grocer Price Index found that overall the big four’s prices fell back 0.2% year on year across February
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News
Asda CEO Roger Burnley to step down
He will leave the business next year following its takeover by the Issa brothers and TDR Capital
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News
Media Bites 19 March: Ocado, Asda, Fever-Tree
The boss of Ocado has shrugged off the threat of new faster delivery rivals and claimed that Amazon has a ‘negligible impact’ on the British grocery market
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News
City Snapshot: Ocado first quarter sales surge 40% amid ‘permanent shift’ to online grocery
Ocado has seen a 40% surge in sales over Christmas and the New Year amid a “permanent shift” from physical to online grocery shopping. Plus, FeverTree margins tighten as off-trade shift limits annual sales drop to 3% and all the rest of the latest news from the City.
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News
Media Bites 17 March: Greggs, Visa, Ocado
Greggs is pushing ahead with ambitious plans to open 100 new shops this year despite falling to its first loss in 37 years as a public company
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News
City snapshot: Greggs falls to first loss as store closures drive 36% sales drop
Bakery and food to go chain Greggs has reported its first loss since it floated in 1984 as the coronavirus and resultant store closures hammered sales. Plus, Bakkavor sales drop in UK convenience sector falls, C&C Group sells US cider brand and all the rest of the latest news from the City.
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News
Media Bites 15 March: Danone, Pret/Tesco, High Street closures
Danone’s board of directors has decided to replace Emmanuel Faber as both chief executive and chairman, blowing up a two-week-old compromise
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News
Deliveroo loss during favourable conditions raises City eyebrows
The UK-based online meal delivery giant said on Monday that surging demand for takeaways during 2020 had helped Deliveroo narrow losses
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News
City snapshot: Property giant Hammerson posts £1.7bn loss amid coronavirus slump
The UK’s biggest shopping centre owner Hammerson has posted a £1.7bn annual loss as the coronavirus pandemic has slashed the value of its portfolio and rental income plummeted.