All articles by Alec Mattinson – Page 89
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NewsPetfood supplier Forthglade eyes expansion following sale to IK Investment Partners
Premium dogfood supplier Forthglade is eyeing an international expansion push and broader range after its £50m sale to European investment firm IK Investment Partners.
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NewsCity Snapshot: Empty offices leave retail locations deserted
UK footfall remained 34.8% down year-on-year in August despite the reopening of shops and the ending of lockdown as empty offices mean footfall is not returning to towns and city centres.
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NewsMedia Bites 4 Sep: Costa Coffee, Pret a Manger, Ocado
Costa Coffee has announced up to 1,650 redundancies after becoming the latest high street business to be hit by the dearth of city centre shoppers
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NewsCity snapshot: Branded sales growth helps Arla shrug off coronavirus challenges
Danish dairy giant Arla grew its first half revenues by 2.8% driven by branded sales and retail growth, The Hut Group confirm £4.5bn September float plan, B&M promoted to the FTSE 100 and all the latest news from the City.
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NewsUnilever pledges to eliminate fossil fuels from household products
Unilever will invest €1bn in a drive to remove ingredients derived from fossil fuels from its cleaning and laundry products.
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NewsPremium dog food brand Forthglade sold to IK Investment Partners
Nordic investment firm IK Investment Partners has bought a majority stake in premium pet food supplier Forthglade in a deal that will see existing PE investor Piper exit the business
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NewsMedia Bites 1 Sep: Ocado/M&S/Waitrose, Forthglade, Nestlé
The first deliveries of Marks & Spencer’s groceries will reach customers on Tuesday as its online shopping venture with Ocado begins
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NewsPlant-based restaurant chain Stem & Glory raises cash for multi-channel growth
Plant-based restaurant chain Stem & Glory has raised more than £70k via a convertible bond offer to develop a subscription-based meals offer and target supermarket listings
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NewsThe Hut Group float to reinvigorate London IPO market
The moribund IPO market got a jolt this week with the news that beauty and nutrition company The Hut Group is plotting the biggest float of a British company in seven years
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NewsTiptree owner Wilkin & Sons blames ‘tough’ market as sales slow
Growth fell back at premium jam maker Wilkin & Sons last year amid a slowdown of international sales and a “tough” UK retail market
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NewsCity snapshot: Pret a Manger to cut 2,800 jobs amid coronavirus sales slump
Pret a Manger is to cut more than a third of its workforce in a bid to survive
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NewsOcado boosts stake in vertical farming specialist Jones Food Co
Ocado has upped its stake in vertical farming specialist Jones Food Company to help support the building of more farms next year.
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NewsMedia Bites 28 Aug: The Hut Group, Pret A Manger, Walmart/TikTok
The Hut Group confirmed plans to raise £920m at a valuation of £4.5bn in what would be London’s biggest listing this year
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NewsCity snapshot: Ocado CFO Duncan Tatton-Brown to step down
Ocado CFO Duncan Tatton-Brown will step down from his role in November after eight years in the job. Plus, The Hut Group announces £4.5bn IPO, Delivery Hero makes $270m acquisition and all the rest of the latest news from the City.
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NewsCity snapshot: Hain Celestial sales and profits rise but shares drop amid sober outlook
Ella’s Kitchen owner Hain Celestial grew fourth quarter sales and reversed last year’s operating loss as it continues to simplify its portfolio.
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NewsMedia Bites 26 Aug: Retail jobs, Eat Out to Help Out, Co-op Bank
Retail jobs are being cut at the fastest pace in a decade as the government starts to withdraw its job retention scheme (The Times £). Retail job cuts surged to their worst level for more than a decade in August as M&S joined a slew of crisis-hit ...
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NewsCity snapshot: UK food and drink recovers ahead of global Covid recovery trend
The UK’s food and beverage sector was ahead of international Covid-19 recovery trends in July, according to a newly launched Lloyds Bank UK Recovery Tracker
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NewsMedia Bites 24 Aug: Asda, Ocado, John Lewis
Private equity giant Apollo is lining up £3.75bn of debt to fund its proposed acquisition of a stake in Asda, which would be secured against the supermarket’s stores
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NewsCity News: Cranswick shares hit all-time high on soaring first-quarter sales
Meat producer Cranswick surged to an all-time high this week, but the shares eased back downwards through the week as worries surfaced around its ability to maintain this stellar growth
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NewsPetfood and coffee pods drive sales and profits at Nestlé UK
Surging growth in pet food and Nespresso helped Nestlé’s UK sales rise last year, despite a slump in the bottled water market