Archive of all McColl's articles – Page 2
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NewsCity News: McColl’s shares collapse after confirmation of rescue talks
Shares in beleaguered newsagent chain McColl’s crashed yet further this week after it confirmed it was in emergency talks with lenders to raise funds to avoid collapse
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NewsPayPoint suspends bill payment services in majority of McColl’s stores
PayPoint said it had taken the steps “to ensure the continuity of its services for its clients and customers”
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Comment & OpinionWho will buy the McColl’s stores if it goes under?
You would think the Issa brothers have enough to digest on their plate for the time being
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Comment & OpinionMcColl’s lender talks set to be pivotal to the retailer’s future
McColl’s confirmed it had received an offer for the whole business but that it had been withdrawn
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NewsCity Snapshot: McColl’s confirms talks with banks to save it from collapse
McColl’s has confirmed it is talks with lenders as the c-store chain seeks to raise fresh capital to prevent it falling into administration. Plus, full-year results from Kitwave Group and a half-year trading update from Associated British Foods.
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Analysis & FeaturesWhy the convenience market is betting big on its future
A new wave of shoppers has brought a raft of extra money into the convenience sector. Now retailers are investing in their stores to upgrade them for the new age
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NewsAnti-food waste app Gander to join forces with McColl’s in the new year
It is also continuing to bolster its reach among Nisa retailers
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Analysis & FeaturesWhy McColl’s is banking on its Morrisons Daily strategy
It’s had a tough year, but CEO Jonathan Miller remains confident
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NewsCity Snapshot: McColl’s warns of continued supply chain disruption as revenues fall by £140m
McColl’s has warned it will continue to be hit by supply chain shortages as the c-store group revealed revenues tumbled 11.2% to £1.1bn in 2021. Plus, SSP sinks to another loss of more than £400m, and Nestle sells 4% of its L’Oreal holding.
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NewsCity Snapshot: McColl’s expands Morrisons Daily conversion programme
Embattled McColl’s Retail Group has agreed an extension with wholesale partner Morrisons to convert a further 100 of its stores to the Morrisons Daily fascia. Plus, AG Barr upgrades full-year profit expectations as recovery continues.
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Comment & OpinionMorrisons must ensure McColl’s availability woes are a blip if it is to succeed as a supplier
Morrisons is clearly looking to court more independent retailers to switch to its wholesale supply arm
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NewsCity Snapshot: McColl’s warns profits to miss forecasts as supply chain disruption intensifies
Embattled convenience group McColl’s has warned its profits will be even lower than expected this year after supply chain issues intensified in the fourth quarter. Plus, UK inflation rises sharply to highest rate in almost a decade.
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NewsMcColl’s beats target to open 100th Morrisons Daily store
McColl’s has a broader ambition to be operating 350 Morrrisons Daily stores by November 202
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NewsMcColl’s raises £35m to accelerate Morrisons Daily conversions
The convenience retailer said today it is aiming to have converted 350 stores to Morrisons Daily by November 2022
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NewsTim Fairs joins Bestway Wholesale from McColl’s
Fairs spent three-and-a-half years at McColl’s as customer director
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NewsCity Snapshot: CD&R Morrisons deadline extended as bidding war looms
Clayton, Dubilier & Rice has been granted an extension on today’s ‘put-up or shut-up’ takeover deadline to weigh up whether to make a higher bid for Morrisons. Plus, the takeover battle for Vectura intensifies between Philip Morris and Carlyle; and McColl’s shares plunge as it confirms potential fundraise.
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Analysis & FeaturesWhat does the reopening mean for food and drink stocks?
With the FTSE250 at pre-Covid levels, and the FTSE350 actually trading higher, we look at how grocery, retail, leisure and food to go stocks have fared
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NewsCity News: McColl’s sales fail to flow to bottom line
The chain’s total sales for the 53 weeks to 29 November were up 3.2% to £1.26bn
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NewsCity Snapshot: McColl’s profits slide despite Covid sales boom
Strong customer demand during the coronavirus pandemic led to double-digit like-for-like sales growth at McColl’s last year, but consumer shift to lower margin products and investment in price hit profits
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NewsCity snapshot: McColl’s to roll out hundreds of Morrisons Daily stores
McColl’s Retail Group has extended its wholesale supply agreement with Morrisons and is converting hundreds of stores to the supermarket’s convenience offering. Plus, Ocado has kick-started operations at its new mini customer fulfilment centre in Bristol.