All articles by Alec Mattinson – Page 78
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NewsMedia Bites 26 Feb: Asda, DS Smith/Mondi, ABF/Primark
About 5,000 jobs are at risk at Asda after the supermarket group launched a big restructuring in response to the rapid rise of online shopping
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NewsCity Snapshot: Primark drags back grocery and sugar progress at ABF
Associated British Foods said its grocery, sugar and agriculture businesses will be “materially ahead of expectations” for its first half, but Primark’s coronavirus-drive weakness will reduce overall sales and profits. Elsewhere, Biffa buys food waste retailer Company Shop, Virgin Wines reveals £110m listing details and AB InBev grows fourth quarter sales.
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NewsMedia Bites 24 Feb: Oatly, SimplyCook, Exports
Swedish non-dairy milk maker Oatly is set to go public with a New York listing that could value it at up to $10bn
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NewsGreencore commits to fully recyclable packaging by 2025
Sandwich giant Greencore will commit to producing only recyclable or reusable packaging by 2025 as part of a wider sustainability drive presented to investors and analysts later today.
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NewsCity Snapshot: McBride boosted by cleaning products demand spike
Household goods manufacturer McBride has seen an uplift in sales and profits in the second half of the year as the coronavirus outbreak continues to boost the sale of cleaning products
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NewsHuel 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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NewsMedia 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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NewsNestlé 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 & FeaturesWhat 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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NewsCity 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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NewsMedia 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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NewsCity 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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NewsMedia 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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NewsVirgin 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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NewsCity 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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NewsMedia 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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NewsOcado’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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NewsLotus 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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NewsCity 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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NewsMedia 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