All articles by Alec Mattinson – Page 8
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NewsMedia Bites 8 May: Morrisons, pubs, tea
Sandpiper CI has sold most of its supermarket franchises to the company that owns and runs Morrisons in the UK and Gibraltar
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NewsDoughlicious receives £3.5m backing from Triple B to help fund US push
UK-based cookie dough brand Doughlicious has raised £3.5m of new funding to underpin ambitions to push into the US market
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NewsCity snapshot: UK retail sales slump in ‘dismal’ weather
UK retail sales fell back in April signifying a ‘depressing start to Spring” as wet weather suppressed activity
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NewsMedia Bites 7 May: Asda, Heineken, UK farming
Asda’s owners created nearly £1.5bn of new liabilities to finance a buyout of a petrol stations busines
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NewsCity News: Haleon shares take hit as sales volumes swing backwards
Shares in consumer health giant Haleon took a hit this week after sales volumes went backwards in the early months of 2024 to undershoot expectations
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Analysis & FeaturesCan St Tropez and Nigeria exits fix PZ Cussons’ woes?
Long-suffering shareholders have backed the new action plan
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NewsCity snapshot: Diageo announces CCEP’s Nik Jhangiani as CFO
Diageo has announced Nik Jhangiani will become its CFO later in the year. Plus, Asda refinances £3.2bn of debt and all the rest of the news from the City
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NewsPremier Foods to exit frozen pizza bases amid focus on brands
Premier Foods is to exit the frozen pizza category and close a factory employing 57 staff as it continues to focus on branded growth
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NewsCity snapshot: UK grocery growth slows as inflation eases
UK grocery sales growth slowed last month as food price inflation continues to ease and shoppers cut back after Easter
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NewsCity snapshot: Haleon grows first quarter sales on price increases
FTSE 100 consumer health player Haleon has posted a ‘solid’ start to the year, despite a volume and headline revenue decline in the first three months of 2024.
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NewsMedia Bites 1 May: US fmcg, McDonald’s, Lidl
The world’s largest food and drinks companies have said that poorer consumers in the US are cutting their spending in the face of persistent price rises
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NewsCity snapshot: Retail inflation falls to its lowest level since 2021
Shop price annual inflation eased to 0.8% in April and now stands at its lowest level since December 2021
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NewsMedia Bites 29 April: Ocado, UK harvests, Loyalty cards
Ocado is facing criticism as it seeks shareholder approval today for a potential bonus worth up to £14.8m for its chief executive, Tim Steiner
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NewsCity News: Sainsbury’s posts booming growth but City sceptics remain
Booming sales, rising profits and a bullish forecast were not enough for Sainsbury’s to win over City sceptics this week, as it faced a fall in GM sales and the prospect of tough comparatives
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NewsButcher’s Pet Care back in the black after £30m sales growth
Petfood player Butcher’s Pet Care has bounced back into the black following stellar sales growth, driven by growth in its range and international reach
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NewsCity snapshot: Sainsbury’s forecasts profits of £1bn in 2024 on strong grocery growth
Sainsbury’s has posted an uplift in underlying annual profits and forecast another rise in profits in the current financial year. Plus updates from Unilever, Nestlé, CCEP, WH Smith and more
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NewsMedia Bites 24 April: Grocery market share, ABF, Getir
Grocery inflation fell to a 30-month low in April, helped by a rise in promotional spending from consumers
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NewsJacksons of Yorkshire acquires craft bakery Lottie Shaw’s
William Jackson Food Group has acquired Yorkshire-based craft bakery Lottie Shaw’s to add to its Jacksons of Yorkshire bakery arm
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NewsCity snapshot: Grocery price inflation falls amid increase in promotions
Grocery price inflation fell for the 14th consecutive month back to 3.2% last month, aided by a significant increase in promotional spending
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NewsMedia Bites 22 April: Asda, Unilever, Getir
Zuber Issa is close to selling his stake in Asda to TDR Capital in a deal that would tighten the private equity firm’s control over Britain’s third biggest supermarket chain