All articles by Alec Mattinson – Page 92
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NewsMedia Bites 24 July: Unilever, Junk food ads, Face masks
Unilever has become the most valuable company on the FTSE 100 after a better than expected trading update sent shares in the Anglo-Dutch consumer goods group soaring.
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NewsUnilever shows ‘true strength’ to weather coronavirus crisis
Unilever has posted broadly flat organic sales and improve profits in the first half of the year in a performance that shows “the true strength of Unilever” according to its CEO.
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NewsMedia Bites 22 July: Coca-Cola, Grocery market share, McDonald’s
Coca-Cola has suffered its steepest quarterly sales drop in at least 25 years, in stark contrast to a resilient performance from its rival PepsiCo
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NewsCity snapshot: Grocery sales growth begins to slow from record highs
Take-home grocery sales rose by their highest level since 1994 over the past 12-weeks, however grocery sales growth began to slow last month as shoppers gradually return to their pre-lockdown behaviours.
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NewsMedia Bites 20 July: Iceland, M&S, Asda
Losses at Iceland widened by a third last year even though shoppers switched to frozen foods during the pandemic
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NewsMedia Bites 17 July: Dave Lewis, Heineken, Pizza Express
Tesco boss Dave Lewis has said the UK’s food strategy and standards cannot be left to the market
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NewsHeineken sales slump 16% amid €550m coronavirus writedown
Global brewer Heineken has reported a 16% first half revenue slump amid “unprecedented volatility and uncertainty” caused by the coronavirus outbreak.
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NewsMedia Bites 15 July: Ocado, Oatly, Loop/Tesco
The boss of Ocado has declared that shoppers “won’t be going back” after the crisis spurred a rapid shift to online shopping and pushed its half-year sales above £1 billion for the first time.
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NewsFever-Tree buys German distributor Global Drinks Partnership
Global drinks mixer firm Fever-Tree has announced the acquisition of Global Drinks Partnership, the group’s sales agent in Germany, in a package worth €9.5m.
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NewsMedia Bites 14 July: Face masks, Retail sales, Ocado
Face coverings will become mandatory in shops and supermarkets with fines of up to £100 for anyone who fails to adhere to the new rules
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NewsRetail footfall slumps 57% in June despite reopening ‘spike’
Retail footfall remained at historic lows in June, but it experienced ‘signficant’ improvement after the ‘turning point’ of the reopening of non-essential retail stores in mid-June.
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NewsMedia Bites 13 July: Asda, Tesco, ABF
The UK’s highest court will today begin hearing one of the country’s biggest ever equal pay cases over a claim brought by more than 43,000 supermarket workers against US-owned Asda
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NewsC&C Group shares boosted by appointment of new CEO David Forde
Forde, currently Heineken’s UK MD, will join the FTSE 250 brewer and wholesaler “no later than early 2021”
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NewsSupermarket price inflation falls back as deals return and price war looms
Offers and promotions have started to rematerialise, damping grocery price inflation
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NewsPoor potato harvest hits McCain profits
Profits more than halved at frozen foods specialist McCain last year as “one of the worst potato harvests in 40 years” hit its bottom line.
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NewsCity snapshot: Supermarket inflation falls back in June to 0.9%
Supermarket inflation fell back in June as the return of promotions and the threat of a price war took the sting out of pandemic-driven price hikes.
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NewsMedia Bites 10 July: Retail job losses, John Lewis, Boots, Brexit tariffs
“Help us stem tidal wave of job losses, beg shops”, writes The Times as John Lewis, Boots and Burger King cut nearly 7,000 jobs.
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NewsCity snapshot: C&C Group names Heineken UK boss David Forde as CEO
C&C Group has appointed Heineken UK MD David Forde as group CEO, joining in 2021.
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NewsMedia Bites 8 July: Mini budget, Government loans, Retail footfall
Rishi Sunak will deliver his mini budget today in what the Treasury is calling the Summer Economic Update, with a focus on jobs, youth unemployment and a possible temporary cut to VAT.
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NewsCity snapshot: Uber confirms $2.65m Postmates US food delivery acquisition
Uber said Postmates is highly complementary to Uber Eats, with differentiated geographic focus areas and customer demographics