All articles by Alec Mattinson – Page 79
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NewsCMA 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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NewsArla 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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NewsCity 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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NewsCoca-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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NewsMedia 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
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NewsOcado loss falls to £44m after bumper retail growth
The online grocer has cut its annual loss by almost 80% amid booming sales during the pandemic, but warned growing costs will continue to constrain profitability
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NewsMedia Bites 8 Feb: Business rates, Amazon, UK/EU trade
Tesco, Morrisons and Waterstones are among companies that have urged chancellor Rishi Sunak to ’level the playing field’ between bricks-and-mortar stores and online retailers
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NewsCity News: Unilever’s shrinking margins cause concern despite growth
At first glance, there was plenty to like about Unilever’s full-year results on Thursday
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NewsPeak Rock Capital invests in packaging firm AMB
Private equity investor Peak Rock Capital has acquired Italian packaging specialist AMB alongside the company’s founders, current owners and management team
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NewsShelf prices fall as supermarkets brush off import cost concerns
Supermarkets have avoided passing on any extra costs incurred from importing goods into the UK, The Grocer Price Index has suggested
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NewsM&A deals rebound in fourth quarter as COVID freeze thaws
Food and drink M&A rebounded sharply at the end of 2020 as pent-up demand, optimism over post-coronavirus economic recovery and potential tax hikes encouraged deal activity
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NewsCity snapshot: UK retail sales drop 10% in January, BDO finds
UK retailers recorded their worst January on record and the worst month for the high street since June as a national lockdown shuttered shops across the country
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NewsMedia Bites 5 Feb: Unilever, Compass Group, Food exports
Attempts by Unilever to ’sharpen’ its strategy amid sluggish growth failed to impress investors yesterday
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NewsCity snapshot: Unilever restores growth targets after end of year sales acceleration
Unilever’s sales growth accelerated at the end of its financial year, enabling it to restore its long term growth targets. Plus, trading updates from Compass Group, Cranswick and Stock Spirits, PayPoint completes acquisition and all the rest of the latest news from the City.
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NewsCity snapshot: EG Group to buy Asda forecourts for £750m
The Issa brothers and TDR capital have announced a financing package to underpin their £6.8bn acquisition of Asda from Walmart, which includes plans to sell the supermarket’s forecourts business and certain distribution assets. Plus, Jeff Bezos to step down at Amazon and all the rest of the latest news from the City.
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NewsCity snapshot: Lockdown helps supermarket sales growth to accelerate in January
The UK-wide coronavirus lockdown has spurred further growth in take home grocery sales during January, as shoppers spent £1bn more on supermarket food year-on-year during the month
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NewsMedia Bites 1 Feb: Marston’s, Getir, High Street retail
The pub chain Marston’s has received a takeover approach from a US private equity group in a move that could fuel a spate of deals in the embattled hospitality sector
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NewsSpirit sales in North America uplift Diageo despite closure of pubs
The maker of Johnnie Walker and Guinness surprised the market on Thursday by reporting a 1% rise in organic net sales
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NewsReckitt venture arm invests £4m in Indian male grooming player
Reckitt Benckiser’s venture division has led a £4m funding round in Indian-based Bombay Shaving Company.
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NewsPots & Co lines up US expansion with General Mills cash
The investment arm of General Mills, 301 Inc, has invested an initial £5m into Pots & Co to help fund its US and range expansion