All articles by Alec Mattinson – Page 88
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NewsGrocery sales growth slows in August
Fewer meals eaten at home due to the popularity of the Eat Out to Help Out scheme meant consumers spent £155m less in supermarkets
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NewsCity Snapshot: Eat Out to Help Out scheme drives inflation to five year low
UK inflation has fallen to its lowest level since 2015 as the Eat Out to Help Out Scheme helped drive down prices. Plus, The Hut Group’s shares surge on market debut, updates from Science in Sport and Eagle Eye Solutions and all the rest of the latest news from the City.
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NewsMedia Bites 16 Sep: Ocado, Kraft Heinz, Grocery market share
Ocado has moved to within 10% of the stock market valuation of Tesco after a share price surge linked to the online specialist’s new tie-up with Marks & Spencer
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NewsCity snapshot: Ocado sales surge by 52% ahead of M&S switch
Ocado’s retail revenues soared by 52% in the 13 weeks to August due to sharply rising demand for online groceries - plus, growth slows in August as more meals are eaten out according to the latest grocery market share figures.
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NewsMedia Bites 15 Sep: Aldi, Retail footfall, Domino’s Pizza
Aldi is to run trials of a click-and-collect grocery service in Britain as it looks to expand its online offering
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NewsCity Snapshot: Waitrose and Nestlé eye deal for Mindful Chef
Waitrose and Nestlé are reported to be amongst the suitors vying to buy farm-to-fork recipe box brand Mindful Chef
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NewsMedia Bites 14 Sep: Hovis, Ocado/Waitrose/John Lewis, Mindful Chef
A pack of turnaround investors, private equity funds and food groups are vying to snap up Hovis
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NewsCity News: Morrisons shows surge in demand is double-edged sword
The retailer on Thursday revealed a jump in first-half sales could not mitigate the extra costs caused by the coronavirus
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NewsTesco price-cutting drive shifts it into annual deflation
Tesco’s drive to cut prices in the post-lockdown market has seen it move back into annual price deflation for the first time in almost a year
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NewsPetfood sales flurry expected with deals for brands on table
A further raft of UK petfood brands are set to come to market by the end of the year as the M&A market begins to thaw in the aftermath of lockdown.
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NewsCity snapshot: UK petfood M&A flurry expected with three auctions set to launch
A further raft of UK petfood brands are set to come to market by the end of the year as the M&A market begins to thaw in the aftermath of lockdown.
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NewsMedia Bites 11 Sep: The Hut Group, Morrisons, Cafe Nero
London’s biggest stock market listing in three years has moved closer after The Hut Group set the value of its shares at £5.4bn
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NewsCity snapshot: Morrisons profits dented by extra coronavirus costs
Morrisons has reported a surge in first half sales, but a double-digit fall in profitability as the extra costs of operating through the coronavirus crisis hit its bottom line.
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NewsBakkavor first half sales drop in ‘challenging’ market
Ready meals maker and fresh foods producer Bakkavor saw a 4.6% fall in first half revenues as Covid-19 had a “significant impact” on performance.
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NewsUK retail sales continue to recover but city centres remain ‘devastated’
Retail sales continued to recover in August, but remain well down on an annual basis as the country recovers from lockdown.
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NewsMedia Bites 9 Sep: Iceland, Amazon, Fevertree
Supermarket Iceland has created 3,000 new jobs to cope with the huge extra demand for online groceries
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NewsCity snapshot: Fever-Tree sales and profits slump amid coronavirus lockdowns
Premium drinks mixer producer Fever-Tree saw a double-digit drop in sales and profitability as the shutdown of bars, pubs and restaurants hit first half trading. Plus, on a hectic morning, retail sales rebound in August, trading updates from Bakkavor, McBride, DS Smith and Applegreen joins US service station project
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NewsMedia Bites 7 September: Brexit, Asda, Iceland
The government is planning new legislation that will override key parts of the Brexit withdrawal agreement, risking the collapse of trade negotiations with Brussels
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NewsLockdown sales surge helps B&M reach FTSE 100
The coronavirus crisis has helped propel B&M Bargains owner B&M European Value Retail into the FTSE 100, six years after making its stock market debut.
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NewsAlkaline ionised bottled water brand Actiph plots US push after £1.2m fundraise
Fast-growing alkaline bottled water brand Actiph has raised £1.2m to underpin its international expansion plans and further boost its UK distribution.