Alec Mattinson
Alec leads The Grocer’s expanding coverage of all things finance-related. Follow Alec on Twitter: @AlecMattinson
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- 01293 610512
- Email:
- alec.mattinson@thegrocer.co.uk
NewsMorrisons rescue deal for McColl’s priced at £190m
Morrisons has committed a total of £190.1m to rescue convenience chain McColl’s, administrator’s documents have revealed
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City snapshot: Out-of-home rebound boosts Britvic’s sales and profits
Britvic has posted a double digit rise in sales and profits as both in and out-of-home channels grew and immediate consumption bounced back to pre-Covid levels. Plus results from C&C Group and Imperial Brands.
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McDonald’s to exit Russia with sale of business
Global fast food giant McDonald’s has announced it will cease all operations in Russia after 30 years in the country due to its invasion of Ukraine
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Media Bites 16 May: Boots, HFSS, Tesco
The bid battle for Boots is expected to stretch into the next month at least after the three remaining suitors requested more information on recent trading
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Compass Group is ‘a stock you have to own’ as new business opportunities open up
Compass Group shares were hammered during the pandemic, but the catering giant was back on the front foot this week
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UK food and drink exports show patchy signs of recovery
Exports of food and drink from Scotland, Wales and north east England have enjoyed a strong recovery according to new figures from the Food & Drink Federation, but the picture is mixed
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Greencore names former Morrisons boss Dalton Philips as new CEO
Philips will replace outgoing CEO Patrick Coveney
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City snapshot: Executive pay trebles at Tesco to over £12m
Tesco has paid out more than £12m to its senior leadership team as executive pay strongly rebounded at the supermarket last year
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Media Bites 13 May: Salmonella/Cranswick, Coca-Cola HBC, Deliveroo
More than 100 products containing cooked chicken have been removed from sale after a salmonella scare at a major supplier
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City Snapshot: Coca-Cola HBC sales soar despite suspension of Russian orders
Eastern European Coke bottle Coca-Cola HBC has posted a strong rebound in growth despite facing a “turbulent environment” due to disruption in major markets of Ukraine and Russia
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Media Bites 12 May: Tesco, Compass Group, Boparan
Tesco is to convert unused shop space into mini offices as the supermarket seeks to cash in on demand from home workers
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Nomad sales volumes and margins slide amid 'difficult' economic conditions
Frozen foods giant Nomad posted headline sales growth in the first three months of 2022 despite tough comparisons and “difficult” economic conditions, but organic sales were down as volumes dropped back
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Philip Morris International agrees $16bn deal for Swedish nicotine pouch player
Swedish Match, the European producer of oral nicotine pouches, has agreed a $16bn deal to sell to global tobacco giant Philip Morris.
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City snapshot: Compass Group raises growth forecast as outsourcing picks up
Catering giant Compass Group has hiked its full year growth forecasts after getting back to pre-Covid sales levels at the end of its first half
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Media Bites 11 May: Philip Morris, Brexit checks, Cost of living
Philip Morris International has struck a $16bn deal to buy Swedish Match, as the tobacco company makes its biggest bet yet on the market for cigarette alternatives
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City snapshot: Rising cost of living puts brakes on retail spending
The rising cost of living has “crushed” consumer confidence and put the brakes on consumer spending, according to the latest figures from the BRC-KPMG Retail Sales Monitor
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Media Bites 10 May: McColl’s/Morrisons, Cost of living, Philip Morris
The papers heavily feature the news that Morrisons has secured a rescue package for convenience chain McColl’s, beating off competition from EG Group
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Morrisons confirms McColl’s rescue package
Morrisons has confirmed it has agreed to buy convenience chain McColl’s from administration, saving all 16,000 jobs
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Morrisons set to win McColl’s rescue battle
Morrisons has reportedly seen off EG Group to secure a rescue package for stricken convenience chain McColl’s
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City Snapshot: Morrisons and EG Group improve bids in fight for McColl’s
Morrisons and EG Group are reportedly locked in a two-way fight to rescue convenience chain McColl’s after both made a last-ditch improvement to their bids
