All articles by Alec Mattinson – Page 91
-
News
City Snapshot: Bakkavor sales ‘showing signs of recovery’ despite May sales drop
UK ready meals player Bakkavor has said its sales volumes have stabilised and show “early signs of recovery in all markets”. Plus, UK GDP posts the worst monthly fall in history, Mitchells & Butlers renegotiates lending facilities and all the rest of the latest news from the City
-
Comment and Opinion
Unilever restructure represents a starting gun for change
The restructure suggests plans for more divestments and acquisitions are in the pipeline as it looks to modernise its portfolio and prioritise growth assets
-
News
Media Bites 11 June: Ocado, Just Eat/Grubhub, Morrisons
The surge in online food shopping has prompted Ocado to tap investors for £1bn to build more of its robotic warehouses
-
News
City snapshot: Restaurant Group to close 125 Frankie and Benny’s sites via CVA
The Restaurant Group has announced its intention to close 125 Frankie and Benny’s restaurants and seek rent reductions for a further 85 sites after instigating a company voluntary arrangement.
-
News
Media Bites 9 June: Retail sales, Tesco, Iceland
Hopes for an economic rebound have been lifted by signs that the collapse in retail sales may be short-lived
-
News
Veganuary co-founder Matthew Glover launches vegan investment fund
Vegan entrepreneur Veganuary co-founder Matthew Glover has launched launch of a not-for-profit investment venture to help fund growth companies in the plant-based food space.
-
News
Media Bites 8 June: Sunday trading, Government loans, Supermarket exec pay
Sunday trading laws could be suspended for a year in a move the government hopes will stimulate the economy
-
News
City News: SSP Group returns to shareholders to ask for more
This week SSP Group pleaded with shareholders to reinvest the dividend payment it was obligated to pay, having already tapped them for £216m in March.
-
News
Food and drink firms tap Bank of England for £1.9bn in coronavirus loans
Compass Group, John Lewis, M&S, Greggs and Brakes Bros are among the firms to raise cash from the Bank of England’s Covid Corporate Financing Facility
-
News
Adelie Foods rescue deal scuppered by competition concerns
The Grocer understands listed food-to-go giant Greencore had agreed a deal to take on Adelie as a going concern
-
News
City snapshot: Greencore rescue package for Adelie scuppered by competition concerns
Competition concerns scuppered a rescue deal for the UK’s third-largest sandwich maker Adelie Foods resulting in its collapse and the loss of almost 2,200 jobs.
-
News
City snapshot: Fever-Tree reports off-trade sales surge amid wider lockdown hit
Fever-Tree has experienced a jump in off-trade sales during the coronavirus shutdown, but has warned the closure of bars and restaurants across its key markets will have a “material impact” on full-year trading
-
News
Media Bites 3 June: Shop prices, Tesco, Government loans
Shop prices fell last month at their fastest rate in 14 years as retailers made cuts to shift stock and grocers were forced to compete with home-grown produce.
-
News
Businesses claim £31.3bn of government-backed emergency coronavirus funding
Lenders have approved over £31.3bn in funding through government-backed coronavirus schemes, according to new figures from the Treasury
-
News
Tesco CFO Alan Stewart to step down
Tesco has announced that its chief financial officer Alan Stewart will retire and leave the company next year.
-
News
Adelie Foods ceases trading as rescue talks fail
The UK’s third-largest sandwich maker has permanently ceased trading after its administrator was unable to secure a swift rescue package
-
News
Media Bites 1 June: Pret a Manger, Supermarket exec pay, Sainsbury’s
Pret A Manger has called in consultants to help overhaul its fast food business model as its core customer base of commuters remains working from home
-
News
Thatchers sales top £106m as it bucks downward cider trend
Cidermaker Thatchers “outperformed” the wider market last year as its annual sales continued past £100m and profits grew.
-
News
City snapshot: DIY and gardening sales boom boosts revenues at B&M
B&M European Value Retail has announced today it has seen a double digit jump in like for like sales during the lockdown period, despite a “significant fall” in customer numbers. Plus trading updates from Eage Eye, Young’s and all the rest of the latest news from the City.
-
News
Investors raise a glass to merger of Marston’s and Carlsberg brewing arms
Investors and analysts raised a much-needed glass in celebration of the beer industry on Friday last week…