All articles by Alec Mattinson – Page 96
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NewsMedia Bites 11 May: Morrisons, Supermarket shares, Retail footfall
Morrisons is expanding the same-day grocery delivery service it runs with Amazon to dozens of new stores by the end of this month.
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NewsTayto Group posts sales and profits rise
Snacks producer Tayto Group saw a double-digit jump in sales last year and is continuing to see “high demand” during the coronavirus crisis.
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NewsFullgreen raises £175k to bolster balance sheet for ‘difficult months ahead’
Fast-growing alternative rice producer Fullgreen has tapped investors for a further £175k to help it ride out the “difficult months ahead”.
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NewsOcado shares surge despite capacity constraints
Ocado may have had to turn away willing customers and shut down its website as it struggled to cope with a wave of demand during the coronavirus crisis, but its share price still hit new record highs this week.
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NewsCoronavirus demand for frozen foods boosts Nomad sales
Birds Eye owner Nomad Foods has posted a 10.5% jump in first quarter sales due to “unprecedented” demand for frozen food driven by the coronavirus outbreak.
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NewsAB InBev’s April sales volumes slump by a third
A sharp downturn in March saw sales volumes at the world’s largest brewer AB InBev drop by 9.3% in the first three months of 2020, with sales down further in April
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NewsMedia Bites 7 May: Ocado, Business rates, Beyond Meat
Shareholders gave Ocado a “bloody nose” in a revolt against boardroom excess after chief executive Tim Steiner landed a £59m payday.
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NewsCity snapshot: Ocado sales surge 40% during coronavirus lockdown
Ocado’s retail sales have surged by more than 40% in the coronavirus lockdown period after ramping up capacity during the crisis. Plus, McColl’s CFO quites for Holland & Barrett role and all the rest of the latest news from the City.
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NewsHelloFresh sales soar under coronavirus lockdowns
Global meal-kit supplier Hello Fresh has recorded a surge of sales in the first three months of 2020, further boosted by the coronavirus lockdowns in many of its key markets over recent weeks.
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NewsMedia Bites 4 May: Business confidence, Government aid, McDonald’s
Business leaders have suffered a record drop in confidence during the pandemic and fear the economic recovery will be slow.
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NewsSainsbury’s not yet ‘in the money’ despite coronavirus sales uplift
Mike Coupe’s final results as Sainsbury’s boss firmly dispelled any notion the supermarket is finally “in the money” as a result of the coronavirus-induced grocery sales surge.
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NewsMedia Bites 1 May: Sainsbury’s, Amazon, Reckitt Benckiser
Sainsbury’s boss Mike Coupe has warned that long queues could be here to stay for months as the grocer said it expects profits to take a £500m hit from coronavirus.
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NewsCity snapshot: Sainsbury’s defers dividend amid £500m coronavirus hit
Sainsbury’s has deferred its final dividend amid the “significant impact” of the coronavirus outbreak on its business, which it expects to generate £500m of extra costs. Plus, on a busy morning, updates from Reckitt Benckiser, Carlsberg, M&S, C&C Group and British American Tobacco.
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NewsMedia Bites 29 Apr: Waitrose/John Lewis, M&S, Grocery market share
Dame Sharon White, head of the John Lewis Partnership, is poised to announce that ex Sainsbury’s exec James Bailey will be Waitrose’s next leader.
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NewsTesco’s coronavirus sales growth outstrips discounters as convenience sales soar
The UK’s largest supermarket Tesco grew sales at a faster rate than the German discounters in April, while convenience sales continue to boom
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NewsGrocery sales growth slows in April
The past 12 weeks have continued to see strong grocery sales growth of 9.1%, according to Kantar, but sales growth slowed down in the past four weeks.
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NewsMedia Bites 27 April: Sainsbury’s, John Lewis Partnership, Poundstretcher
Sainsbury’s risks a backlash as its board weighs whether to approve a £247m, John Lewis mulls bringing in an outside investor to help to finance and launch a joint venture and Poundstretcher kicks off a review of its finances.
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NewsUnilever sees 2020 sales growth clobbered by coronavirus
The consumer giant’s sales growth for the first three months of the year fell back to zero
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NewsPremier Foods shares rise on ‘elegant’ pensions restructure and coronavirus sales boost
The Mr Kipling producer revealed the results of its year-long strategic review on Monday…
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NewsFood & drink deal activity down 15% as coronavirus hits market
Forty-four transactions involving UK companies were recorded in the first three months of 2020, down from 52 in the same p…