All articles by Andrew Don – Page 19
-
NewsMedia Bites 4 May: Sainsbury’s/Asda, Tesco, Brexit
MPs have written to the Competition and Markets Authority (CMA) requesting more information about its proposed scrutiny of the Sainsbury’s/Asda deal.
-
NewsCity snapshot: Kerry volumes up 3.7% in first quarter
Global taste & nutrition and consumer foods group Kerry has posted 3.7% growth in business volumes in the first quarter of 2018 and reaffirmed its earnings guidance for the full year. Plus, organic net sales fall again at Kraft Heinz, food inflation edges up according to BRC-Nielsen and all the rest of the latest news from the City.
-
NewsMedia Bites 3 May: Sainsbury’s/Asda, Ocado, Kraft Heinz
UBS research that found that two in five of Asda’s largest stores are a five-minute drive from a Sainsbury’s has increased the likelihood of the £7.3bn merger facing close scrutiny by the Competition and Markets Authority.
-
NewsCity snapshot: Ocado signs international supply deal with Sweden's ICA
Ocado has signed its latest international supply deal with Sweden’s leading grocery retailer, ICA Group, which has about 1,300 stores. Plus, new non-execs at PZ Cussons, Mondelez posts first quarter organic revenue growth of 2.4% and all the rest of the latest news from the City.
-
NewsMedia Bites 2 May: Sainsbury's/Asda, Market share, Co-op/Nisa
The UK Pensions Regulator is in “active discussions” with Sainsbury’s about its proposed merger with Asda and the impact this will have on both companies’ retirement schemes
-
NewsCity snapshot: Grocery growth eases to slowest rate for a year amid 'pivotal moment'
The overall grocery market grew at its slowest rate for over a year at 2%, while a combined Sainsbury’s and Asda would result in a combined entity with a potential grocery market share of 31.4% according to Kantar Worldpanel. Plus, the latest market share figures from Nielsen, Just Eat’s first quarter sales jump 49%, DS Smith posts pre-close update and all the rest of the latest news from the City.
-
NewsMedia Bites 1 May: Sainsbury’s/Asda – analysis, predictions and song
A swathe of media coverage is dedicated to the shock Sainsbury’s and Asda merger announced yesterday, looking at the CMA investigation, industry consolidation and Sainsbury’s boss Mike Coupe’s show tunes.
-
NewsSainsbury's posts underlying sales and profits rise but warns over banking arm prospects
Sainsbury’s has reported a rise in annual sales and underlying profits last year, but the group warned a “significant” drop in banking profits will hit earnings in its 2018/19 financial year.
-
NewsSainsbury’s and Asda confirm £51bn mega-merger
Sainsbury’s and Asda have promised “a great deal for customers, colleagues, suppliers and shareholders of both businesses” as the two confirmed a mega-merger worth to create a £51bn retail giant.
-
NewsMedia Bites 30 April: Sainsbury’s/Asda merger special
The markets held their breath over the weekend as they awaited official news released to the stock exchange this morning of the £15bn talks between Sainsbury’s and Walmart-owned Asda.
-
NewsCity snapshot: Consumer confidence falls back again in April
GfK’s Consumer Confidence Index decreased two points in April 2018 – the 28th consecutive month without a positive overall index score, trading updates from Coca Cola European Partners, PepsiCo and Hershey after a busy day in the US and all the latest news from the City.
-
NewsMedia Bites 27 April: Poundworld, Palm oil, Amazon
Poundworld is finalising plans to shut more than a quarter of its 355 shops to prevent financial collapse, with the discounter is expected to announce proposals for a Company Voluntary Arrangement during the first half of May
-
NewsCity snapshot: Retail staff numbers drop 2.5% in the first quarter
The British Retail Consortium has published its retail employment monitor for the first quarter, which shows total hours fell 3.2%, while the total number employed dipped 2.5%. Plus, trading updates from voucher provider Park, quarterly results from GlaxoSmithKline and Dr Pepper Snapple and all the rest of the latest news from the City.
-
NewsMedia Bites 26 April: Whitbread, Plastics Pact, DRS
The papers dissect Whitbread’s decision to spin off Costa Coffee
-
NewsSports nutrition drives 4.8% first quarter growth for Glanbia
Global nutrition group Glanbia has reported 4.8% revenue growth in the first quarter of 2018 at constant currency with a solid performance from its nutrition interests, US cheeses and its joint ventures.
-
NewsWhitbread announces Costa spin-off plan
Whitbread has announced its intention to demerge Costa following pressure from activist American investors.
-
NewsMedia Bites 25 April:John Lewis Partnership, Walmart, Coca-Cola
A little less than two thirds of a key council of John Lewis Partnership employees backed a proposal last May to support chairman Sir Charlie Mayfield’s “leadership and the continuing progress of the partnership” in its first secret ballot in more than a decade.
-
NewsCity snapshot: CMA clears £137.5m Co-op deal with Nisa Retail
The Competition and Markets Authority (CMA) has ruled on the proposed £137.5m merger of The Co-operative Group with Nisa Retail, which it said did not give rise to competition concerns.
-
NewsMedia Bites 24 April: Whitbread, The Co-op, Kimberly-Clark
The City will focus on the language Whitbread chief executive Alison Brittain uses tomorrow when she announces the Costa Coffee owners’ full-year results in light of activist investors Sachem Head’s and Elliott Capital Advisors’ pressure for a split
-
NewsCity snapshot: English wine exports help Chapel Down sales jump 15%
Chapel Down has reported year-on year sales up 15% from £10.2m to £11.8m and continuing EBITDA up 29% from £750,000 to £968,000. Plus, YO! Sushi has bought Taiko Foods, a supplier of sushi products to the supermarket sector, as part of its plan to create a global multi-format and multi brand sushi business and all the rest of the latest news from the City.