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All articles by Alec Mattinson – Page 84
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NewsMedia Bites 24 Nov: Brexit, Danone, Diageo
A no-deal Brexit would cause more long-term damage to the economy than the coronavirus pandemic, the governor of the Bank of England has warned.
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NewsCity Snapshot: Danone to cut global SKU count by up to 30%
French food group Danone is to cut its product range by up to 30% in a cost-cutting effort to return to profitable growth in 2021
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NewsMars blames virus outbreak for 2020 profit and sales slowdown
The coronavirus crisis exacerbated a tough 2020 for the UK arm of the company
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NewsMedia Bites 23 Nov: Gu Puds, ‘Junk Food’ Ads, Black Friday
Gu Puds, one of Britain’s best-known desserts brands, is being put up for sale by giant egg producer Noble Foods
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NewsCity Snapshot: Early Christmas shoppers boost October retail sales
Retail sales continued to rise in October despite the second wave of the coronavirus outbreak as early Christmas shoppers looked to beat renewed Covid lockdowns
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NewsMedia Bites 20 Nov: Coffee pods, PlayStation 5 launch, Naked Wines
The manufacturers of the UK’s three biggest coffee pod brands have joined forces to set up the sector’s first national recycling scheme, in the face of a backlash against single-serve capsules, many of which end up in landfill. Nespresso and Nescafé Dolce Gusto owner Nestlé and Tassimo ...
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NewsMedia Bites 19 Nov: Coca-Cola/Schweppes, Inflation, Northern Ireland foods
Coca-Cola has quietly pulled the plug on its posh tonic as Schweppes 1783 has been scrapped
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NewsPremium dog food brand Edgard & Cooper secures £16.5m to back European growth
The Belgian brand has received backing from international investors The Craftory and DLF Venture
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NewsQueen’s ham supplier Dukeshill Ham Co bought by PE player GC Investment Partners
Neale and Sarah Hollingsworth, who have led the fine foods business since 1998, will remain with the business and work alongside the new owners
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NewsCity snapshot: Delayed harvests hit revenues at Origin Enterprises
International agri-services group Origin Enterprises has experiences a double-digit revenue drop in the first quarter as delayed harvests hit revenues. Plus, Wynnstay upgrades full year profit expectations, British Land loses £730m and all the rest of the latest news from the City.
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NewsCity snapshot: Profits and sales rise at Imperial Tobacco as lockdowns boost tobacco consumption
Imperial Tobacco has posted a rise in annual sales and profits despite a collapse in duty-free travel sales as coronavirus lockdowns have boosted at home tobacco consumption.
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NewsMedia Bites: Supermarkets/Business rates, Christmas trading, Walmart
Big supermarkets should hand back almost £2bn in business rates relief on offer during the coronavirus pandemic, according to a former minister
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NewsCity snapshot: Profits soar at EG Group despite fuel sales drop
EG Group, the new owner of Asda, has reported a surge in earnings in the third quarter despite a decline in revenues due to lower fuel sales.
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NewsMedia Bites 13 Nov: EG Group, B&M, WH Smith
The new owners of Asda have raised hundreds of millions of pounds by selling a stake in EG Group
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NewsCity snapshot: Lockdown and Covid costs drive WH Smith to £280m loss
WH Smith has fallen to a £280m loss as the due to the coronavirus-driven closure of stores and a slump in its travel business.
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NewsPrice cuts drive Morrisons in to price deflation in latest Grocer Price Index survey
Morrisons’ latest price cuts have helped the supermarket into annual deflation
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NewsMedia Bites 6 Nov: Sainsbury’s, Lockdown/Retail, Brexit
The papers disect Sainsbury’s plans to close more than 400 Argos stores and accelerate plans to cut costs following the Covid-19 pandemic
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NewsCity Snapshot: Hovis sold to PE firm Endless
Bakery brand Hovis has been acquired by private equity firm Endless for an undisclosed sum, the company has announced this morning.
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NewsMedia Bites 5 Nov: M&S, John Lewis, Premier Foods
Marks & Spencer swung to a loss for the first time in its 94 years as a public company as it warned of ‘significant uncertainty’ ahead due to the pandemic and Brexit
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NewsPE player Endless tipped to seal £100m Hovis deal as Italian suitor steps away
Private equity player Endless is reported to be close to sealing a £100m buyout of Hovis after Italian trade suitor Newlat pulled out of negotiations.