All articles by Alec Mattinson – Page 75
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News
Huel sees surge in growth as home delivery booms
Huel said growth was helped by new flavour launches and the rollout of an improved recipe
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News
Media Bites 22 Feb: Caffè Nero, John Lewis Partnership, Business rates
The billionaire owners of Asda are trying to launch an audacious raid on Caffè Nero by buying part of its £350m debt pile
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News
Nestlé posts strongest growth numbers in five years
Petcare was the group’s standout performer, with its premium brands Purina Pro Plan, Purina One and Felix driving the category to organic growth
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Analysis and Features
What Virgin Wines £100m public listing tells us
Private interest in Virgin Wines was thought to be strong, but the group is going public instead
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News
City snapshot: Danone plans ‘year of recovery’ after 2020 sales drop
Danone has guided towards a ‘year of recovery’ in 2021, while it has acquired US-based vegan dairy player Earth Island. Plus, UK retail sales slump in January and all the rest of the latest news from the City.
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News
Media Bites 19 Feb: Asda/Walmart, Nestlé, Business rates
The new owners of Asda have been urged to overhaul the supermarket’s strategy after its performance over the Christmas period lagged behind its rivals
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News
City Snapshot: Booming petcare sales help Nestlé increase 2020 revenues
Global foods giant Nestlé has posted an uptick on organic sales growth during the coronavirus period, helped by strong growth in its petcare, dairy and coffee businesses. Plus, Premier Foods pays down more debt, Carrefour posts ‘record’ year and more.
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News
Media Bites 17 Feb: Lloyds Pharmacy, Virgin Wines, Iceland
The owner of Lloyds Pharmacy is exploring a £400m sale of the business
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News
Virgin Wines announces £100m London float
The fast-growing wine importer and distributor expects its shares to be admitted to London Stock Exchange’s AIM on or around 2 March
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News
City snapshot: Kerry reports ‘strong recovery’ as year-end sales return to growth
Irish food and nutrition supplier Kerry Group has posted a 4% drop in annual sales in 2020, which it said representing a ‘strong recovery’ since April with improvements in its taste & nutrition and consumer foods divisions.
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News
Media Bites 15 Feb: Deliveroo, Brexit exports, Patisserie Valerie
Deliveroo is continuing its march into groceries with a major expansion of services across the UK
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News
Ocado’s booming retail sales received short shrift from the City
Where are the customers?” asked one broker as Ocado’s booming retail sales failed to impress investors
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News
Lotus plots global growth drive for UK brands with new international division
Nakd and Bear owner Lotus Bakeries is to set up a dedicated international hub for its UK brands make a concerted push to grow their global distribution.
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News
City snapshot: Symington’s hires advisors as it eyes £100m sale
The private equity owners of Leeds-based food group Symington’s have hired bankers to explore sales options. Plus, Kraft Heinz sells nuts business to Hormel Foods for $3.4bn, PepsiCo boosted by at home snack consumption and all the rest of the latest news from the City
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News
Media Bites 12 Feb: Kraft Heinz/Planters, Asda, Marston’s
Kraft Heinz has agreed to sell its Planters peanuts and snacks business to Hormel Foods for $3.35bn as it seeks to shore up its balance sheet and boost growth
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News
CMA gives Diageo the green light to complete Chase acquisition
UK regulators have cleared Diageo’s acquisition of Chase Distillery after concluding the deal will not result in a “substantial lessening of competition”.
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News
Arla shrugs off foodservice sales plunge as branded revenues soar
Many consumers turned to cooking and baking under lockdown, helping to boost sales of Arla’s global brands Lurpak, Arla and Puck
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News
City snapshot: CCEP posts double digit drop in annual sales amid out-of-home slump
UK and European Coke bottler Coca-Cola European Partners has reported an 11% drop in annual sales as its away from home volumes have plunged by more than a quarter
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News
Coca-Cola predicts improved 2021 despite double-digit sales drop
After a difficult year, Coca-Cola’s numbers improved in the fourth quarter
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News
Media Bites 10 Feb: Ocado, Tesco, Brewing and pubs
Ocado sharp rise in sales and profits is put in context, with the papers noting the online retailer has still never made an annual profit