All articles by Alec Mattinson – Page 87
-
News
M&S to cut 7,000 jobs in response to ‘shift in trade’ caused by Covid
M&S to cut 7,000 jobs in response to ‘shift in trade’ caused by Covid
-
News
City snapshot: UK retail sales rise back above pre-pandemic levels
UK retail sales rose back above the levels seen before the coronavirus pandemic in July as consumer demand continues to rebound, according to official government figures
-
News
Media Bites 21 Aug: Asda, Ocado/M&S, UK supermarkets
Two retail heavyweights will clash head-on in a £6.5bn battle to buy supermarket chain Asda
-
News
City snapshot: Mothercare to relaunch in the UK with Boots
Baby and child retail brand Mothercare has announced it has signed off on a ten year deal to sell its goods through Boots UK following the closure of its own UK store estate.
-
News
CMA launches investigation into £780m Marston’s and Carlsberg deal
The UK competition regulator has launched a probe into the £780m merger of Marston’s and Carlsberg’s UK brewing operations.
-
News
Media Bites 19 Aug: M&S, Asda, Grocery market share
Marks and Spencer’s cuts 7,000 jobs in the most brutal cull of the UK retail sector since the coronavirus pandemic began causing havoc on Britain’s high streets
-
News
Supermarket sales growth eases as stockpiling subsides
Take-home grocery sales growth slowed to 14.4% year on year during the 12 weeks to 9 August 2020
-
News
Lotus Bakeries’ UK snacks brands hit by lockdown sales drop
Nakd, Trek and Bear owner Lotus Bakeries increased sales in the first half of the year despite the coronavirus lockdowns hitting the performance of its UK snacks brands.
-
News
City snapshot: M&S to cut 7,000 jobs after Covid clothing and home sales slump
Marks & Spencer has announced it plans to cut around 7,000 roles over the next three months as a result of a “material shift in trade” due to the coronavirus outbreak. Plus, grocery growth slows as shopper behaviour returns back towards normal and all the rest latest news from the City.
-
News
Media Bites 17 Aug: Tesco, Greencore, Business rates
Tesco is planning to offer free delivery on online grocery orders for members of its Clubcard Plus loyalty scheme as an industry price war intensifies
-
News
Surging sales at Just Eat Takeaway.com come at a cost
A flurry of orders from consumers stuck at home saw food delivery giant Just Eat Takeaway.com post surging sales in the first half of the year – but growth came at a substantial cost.
-
News
Thorntons loses £35m as sales drop amid retail closures
Chocolatier Thorntons lost a further £35m last year, taking its total losses to more than £100m since being bought by Italian confectionery giant Ferrero
-
News
City snapshot: Carlsberg posts double-digit sales and profits drop amid lockdown closures
Carlsberg has posted an 12.6% drop in first half revenues and a double-digit fall in operating profits as the coronavirus pandemic hammered its second quarter sales.
-
News
Plant-based meat producer This smashes through fundraising target to net £3.8m
Fast growing plant-based meat alternatives player This has raised almost £3.8m of new funding following the public launch of a convertible bond offer on crowdfunding platform Seedrs.
-
News
Lockdown order surge underpins Just Eat Takeaway.com global sales jump
Takeaway food delivery giant Just Eat Takeaway.com has posted a 44% jump in first half sales to over €1bn as a flurry of orders during the global lockdown periods boosted first half trading.
-
News
Media Bites 11 Aug: Unilever, Retail sales, Eating out
Unilever has threatened to abandon its plan to unify its headquarters in London and dump its dual share structure if a new tax that could cost it €11bn gets the green light in the Netherlands
-
News
City News: Diageo shares under pressure as results fail to meet expectations
Shares in the world’s largest spirits group Diageo came under pressure this week as its annual results undershot meagre expectations and it took £1.3bn of coronavirus-driven writedowns.
-
News
Lockdown inflation falls back as grocers head for a price war
The lockdown-driven spike in supermarket inflation dramatically fell back in July as the major grocers fired the first shots of a post-Covid price war.
-
News
City snapshot: Out of home closures hit first half trading at Coca-Cola European Partners
Great Britain Coke bottler Coca-Cola European Partners has reported a 26% revenue slump in second quarter as the closures of food to go outlets hit trading across Europe. Plus , McColl’s falls to first half loss, trading updates from Naked Wines and Hammerson and all the rest of the news from the City.
-
News
WH Smith to cut up to 1,500 jobs after coronavirus sales slump
The group said the costs associated with its restructure will be in the region of £15m-£19m