Alec Mattinson
Alec leads The Grocer’s expanding coverage of all things finance-related. Follow Alec on Twitter: @AlecMattinson
Contact info
- Tel:
- 01293 610512
- Email:
- alec.mattinson@thegrocer.co.uk
NewsCity snapshot: Carrefour sells Chinese retail business in €1.4bn deal
French retail giant Carrefour has announced it has agreed to sell its operations in China to Chinese retail group Suning.com in a €1.4bn deal. Plus, franchise retailer Cake Box has delivered 33% sales growth in its inaugural year as a listed business and all the rest of the latest news from the City.
- News
Media Bites 24 June: Patisserie Valerie, Waitrose, Sainsbury’s
Five people have been arrested over the Patisserie Valerie affair as the scandal over the chain’s collapse deepens.
- News
M&S and Ocado shares hit by Tesco Finest possibility
Tesco CEO Dave Lewis may have only made brief mention of the possibility of Tesco creating an upmarket convenience store offering, but the City quickly took it as a threat to Marks & Spencer and Ocado’s new partnership.
- News
Exponent confirms deal to buy Asian food wholesaler TRS
Private equity player Exponent has confirmed a deal to acquire specialist Asian food wholesaler TRS Foods as it readies a consolidation push.
- News
Karro Food Group losses continue to grow under CapVest
Newly filed accounts in Companies House show pre-tax losses for the year to 29 December 2018 rose to £9.2m…
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Meatsnacks Group slips further into red before buyout
The maker of Wild West Jerky, Hogbites Pork Crackling and Bundu Biltong reported a rise in pre-tax losses to £584k in the previous financial year
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City snapshot: Cost inflation and weak pork market drive losses at Karro
Losses continued to mount at pork giant Karro Food Group in its first full year under CapVest ownership, plus all the rest of the latest news from the City.
- News
Media Bites 21 June: Domino’s Pizza, Brexit, Kraft Heinz
Domino’s Pizza Group is in advanced talks to replace its chief executive amid unrest among its British franchisees and a disappointing recent share price performance, according to Sky News.
- News
City snapshot: Online and discounters to drive 12.5% UK grocery market growth by 2025
The UK grocery industry is set to grow by £24.1bn by 2024 driven by surging online and discounter sales according to a report from IGD. Plus all the rest of the latest news from the City.
- News
Media Bites 20 June: Tesco, M&S, Ocado
Hundreds of Tesco staff made redundant last month were underpaid or overpaid, prompting the supermarket to ask some to return money.
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Zero-waste online supermarket Good Club raises £400k
Direct-to-consumer grocer Good Club has successfully raised £400k to underpin its ambition to become “the world’s first zero-waste online supermarket”.
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Black Sheep Coffee raises £13m to fund global expansion push
Independent coffee chain Black Sheep Coffee has raised £13m new funds from private investors to back its global expansion across Europe, Asia and the US.
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Superdrug profits slide amid ‘challenging’ conditions
Warm summer weather and growing sales of vegan goods drove a rise in annual revenues at health and beauty chain Superdrug last year, but profits fell back amid “challenging times” on the high street.
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Media Bites 17 June: Patisserie Valerie, Retail CVAs, Brexit
Patisserie Valerie’s new owner has laid bare the desperate state of the business it bought in January.
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Charlie Bigham’s sales jump but profits slip into the red
Upmarket ready meals supplier Charlie Bigham’s has posted a £9.3m jump in annual sales in its most recent financial year, but investment in growing capacity sent the company into the red.
- News Analysis
City uncertain over Tesco’s ‘strong’ start to 2019
Tesco CEO Dave Lewis declared the retailer had a “strong” start to the year, but weakening sales growth left some in the City wondering if its resurgence was beginning to slow.
- News
City snapshot: UK readies US and China food export push
The US and China are being targeted in a major new government strategy to boost food and drink exports post-Brexit. Morrisons gains closer customer relationships through Amazon deal expansion, Charlie Bigham’s sees 19% growth but falls to a loss and all the rest of the latest news from the City.
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Media Bites 14 June: Tesco, Morrisons/Amazon, Majestic Wine
Tesco CEO Dave Lewis says the supermarket group faces challenges with soggy weather and consumer sentiment.
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Media Bites 13 June: Morrisons/Amazon, Lidl, Reckitt Benckiser
Morrisons and Amazon say they will expand their same-day delivery service for groceries to Glasgow, Newcastle, Liverpool, Sheffield and Portsmouth.
- News
Higgidy sells minority stake to Samworth Brothers
Premium pie-maker Higgidy has sold a minority stake to Ginsters owner Samworth Brothers to help accelerate its push into vegan and veggie pastry products.
