All articles by Alec Mattinson – Page 81
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NewsCity News: Christmas sales boom at Sainsbury’s and Morrisons impresses City
The market is used to supermarkets posting bumper sales during coronavirus, but sector sentiment was further boosted by Sainsbury’s saying its bumper Christmas sales would also lead to higher-than-expected profits
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NewsMedia Bites 11 Jan: Ocado, Brexit border disruption, M&S
Ocado has become the first large grocer to warn of stock shortages as it is hit by staff absences while hauliers grapple with extra customs controls after Brexit
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NewsKettle back in the black following sale to Valeo Foods
Bagged snacking brand Kettle has bounced back into the black following its acquisition by Valeo Foods, as the CapVest-owned group further expands its snacking empire
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NewsTesco named top big four player as grocers toast profitable Christmas
The grocery industry enjoyed a bumper Christmas despite shoppers paring back festive plans as coronavirus restrictions were tightened
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NewsCity Snapshot: Covid restrictions hit Christmas trading at M&S
Marks & Spencer has reported an 8.4% drop in third quarter sales, with food growth of 2.2% not enough to compensate for a plunge in general merchandise sales.
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NewsMedia Bites 8 Jan: Sainsbury’s, Brexit, B&M
Sainsbury’s has hiked its full-year profit forecast after sales surged by nearly a tenth during the key Christmas period
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NewsCity Snapshot: Sainsbury’s raises profits guidance after festive growth of 9.3%
Sainsbury’s has posted Christmas like-for-like sales growth of 9.3% after releasing its festive trading update early due to it raising its profits guidance.
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NewsMedia Bites 7 Jan: Greggs, Asda, Northern Ireland
Bakery chain Greggs is heading for its first annual loss since the company was established 82 years ago
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NewsOnline drives Christmas grocery sales surge
Supermarket sales grew 8.4% over the festive period with almost £12bn spent at the grocers as online shopping surged during Christmas, according to Nielsen.
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NewsMedia Bites 6 Jan: Morrisons, Christmas grocery sales, UK/EU trade deal
Strong demand for luxury Christmas favourites helped to drive an 8.5% rise in sales at Morrisons over the festive period
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NewsFreshDirect completes sale to Ahold Delhaize and Centerbridge Partners
US online fresh food grocer FreshDirect has announced that it closed its sale to global grocery giant Ahold Delhaize and investment firm Centerbridge Partners.
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NewsMorrisons' Christmas sales surge 9.3%
Morrisons has reported a 9.3% growth in group like for like ex-fuel sales over the festive period as rising sales have mitigated the extra costs from the coronavirus tiering rules
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NewsMedia Bites 5 Jan: Lockdown, Aldi, Online grocery
The new national lockdown will cause widespread business failures and job losses unless government support for businesses is urgently increased
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News
Nomad Foods completes Findus unification with €110m Switzerland deal
Birds Eye owner Nomad Foods has completed the €110m (£99.5m) deal to add Findus Switzerland to its growing frozen empire.
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NewsPooch & Mutt sells minority stake to Czech petfood producer VAFO
The fast-growing pet treats brand has sold a minority stake to Czech premium petfood player VAFO in a ’multimillion-pound’ transaction
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NewsCity snapshot: Covid Primark closures cost ABF a further £220m
Associated British Foods has said the tightening of coronavirus restrictions will cost the group an extra £220m on top of the previously announced £430m. Plus, the FTSE starts the year strongly after Brexit deal and all the rest of the latest news from the City.
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NewsMedia Bites 4 Jan: Retail jobs, Cafe Nero, Kirin
The high street shed 177,000 jobs in 2020 according to a study that predicts an even more devastating toll on retail jobs this year
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NewsCity snapshot: BRC calls for ‘pragmatic solution’ to border chaos
The BRC has called on the government and the EU to find a “pragmatic solution” to the closure of traffic from France and avoid impacting the supply of Fresh produce to the UK. Plus, FTSE and pound plunge, Bestway Wholesale to buy Costcutter and all the rest of the latest news from the City.
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NewsMedia Bites 21 Dec: Border closures/food supply, Retail/Tier 4, Asda
Boris Johnson is holding emergency talks to avert Christmas food shortages after France banned freight and travel from the UK
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News‘Trend-setter’ Unilever to give shareholders say on climate changes plans
Unilever this week pledged to become the first FTSE 100 company to offer investors a vote to approve of its plans to tackle climate change.