All articles by Alec Mattinson – Page 9
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NewsCity News: B&M sales jump 10% but City remains unconvinced
Discount retail group B&M European Value reported an annual sales jump of over 10% this week, but concerns swirled in the City over the rate of growth slipping back in its final quarter despite a boost from the early Easter
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NewsAnother year of profit for Thorntons after closure of store estate
Chocolatier Thorntons has posted another year of profit growth after shuttering its loss-making store estate
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NewsCity snapshot: Retail sales flatline in March as food sales fall back
Retail sales volumes were flat in March, despite the boost from an early Easter, as sales in food stores fell
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NewsCity snapshot: Danone posts ’good start to the year’ as Q1 sales rise
French dairy giant Danone has posted ‘broad based’ first quarter growth of 4.1% as sales volumes grew to start its financial year
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NewsMedia Bites 17 April: Getir, DS Smith, B&M
Getir is weighing a string of asset sales as part of crunch restructuring talks
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NewsDS Smith agrees £5.8bn US takeover from International Paper
DS Smith has agreed terms on a £5.8bn all-share takeover from US rival International Paper, which has seemingly won the bidding war with British rival Mondi
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NewsCity snapshot: B&M annual sales up 10% but growth slows in 2024
Discount retail group B&M European Value grew annual revenues by over 10% to £5.5bn, but the rate of growth has slipped back in the final quarter of its financial year
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NewsMcCain GB sales jump but rising potato prices eat into margins
The UK arm of potato giant McCain saw a 19.5% jump in sales last year, but profits were flat as margins declined amid elevated costs and weather challenges
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NewsMedia Bites 14 April: Supermarket property, Getir, Applied Nutrition
Supermarkets, including Asda and Morrisons, are selling their stores to raise quick cash
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NewsCity News: Tesco impresses City with jump in profits and share
The City gave a thumbs-up to Tesco this week in the wake of a double-digit jump in profits, driven by easing price inflation and continued market share gains
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NewsDivine Chocolate sees 10% sales drop amid category decline
Ethical chocolate maker Divine saw a near 10% sales decline last year as consumers shunned premium chocolate amid HFSS regulations and cost of living challenges
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NewsCity snapshot: Economy grows in February as UK emerges from recession
The UK economy grew in February despite high levels of rainfall, suggesting the country is emerging from the recession in the final two quarters of 2023
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NewsMedia Bites 12 April: Jus-Rol, Amazon, Farming
A French pastry maker has been ordered to sell Jus-Rol after losing a second legal challenge against the competition watchdog’s decision
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NewsCity snapshot: Distil fourth quarter sales drop as consumers cut back on spirits
Annual sales were up 17% at listed spirits brand Distil, despite a 47% fall in fourth quarter volumes amid consumer spending pressures
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NewsMedia Bites 10 April: Retail crime, Home Bargains, M&S
ssaulting a shopworker is to be made a separate criminal offence after a government U-turn following pressure from campaigners
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NewsArtemis Tenacious Group created to drive investment in legal cannabis
Global cannabis industry investment firm Artemis Growth Partners and cannabis consumer products group Tenacious Labs have created a partnership to drive investment in global cannabis market
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NewsCity snapshot: Early Easter boosts March retail sales
Strong food sales in the run-up to this year’s early Easter boosted UK retail sales in March, though non-food sales continued to decline
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NewsMedia Bites 8 April: Asda/Aldi, Ocado, Retail insolvencies
Aldi has overtaken Asda to become Britain’s third biggest supermarket
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NewsHilton offers ‘a lot to like’ for investors as profits bounce back
Profits have bounced back at Hilton Food Group, which clawed back margin as input costs eased and the turnaround of its seafood division progressed ahead of expectations
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NewsCity snapshot: Early Easter fails to reverse footfall decline
Easter falling at the end of the March failed to reverse the ongoing decline in retail footfall in 2024, according to the latest data from BRC-Sensormatic IQ