Alec Mattinson
Alec leads The Grocer’s expanding coverage of all things finance-related. Follow Alec on Twitter: @AlecMattinson
Contact info
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- 01293 610512
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- alec.mattinson@thegrocer.co.uk
NewsWaitrose defends rates relief as it posts record profits
Waitrose posted record levels of profits last year as sales boomed during a period in which it benefited from business rates relief.
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City snapshot: AB InBev boss Carlos Brito to step down
The world’s largest brewer AB InBev has announced CEO Carlos Brito will step down after 15 years in charge, to be replaced by North America chief Michel Doukeris. Plus ABI posts strong start to 2021, Virgin Wines and Glanbia up guidance and all the rest of the latest news from the City
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Pure Pet Food receives further private equity cash injection
The latest funding round follows a £2m cash injection from NVM Private Equity in 2019
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Media Bites 5 May: Tesco, Co-op, Nestlé
Tesco has agreed to increase sales of healthier food following pressure from investors
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City snapshot: HelloFresh sales more than double amid increased capacity
European delivery kit giant HelloFresh has posted another quarter of bumper growth as it increased capacity to meet surging demand during the coronavirus pandemic.
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Sainsbury’s shares fall on well-flagged Covid costs
Sainsbury’s was the latest grocer to see its share price fall after one-off costs drove it to an annual loss
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UK food M&A activity recovers to highest level seen since 2017
According to Grant Thornton’s quarterly M&A report, the 63 transactions announced in the first quarter represent the highest deal volumes since 2017
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City snapshot: Nestlé agrees $5.75bn Bountiful Company supplements deal
Nestlé has boosted its presence in the global nutrition and supplement market with the US$5.75bn acquisition of The Bountiful Company
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Media Bites 30 April: Unilever, Amazon, Co-op
Unilever sounds price rise klaxon as manufacturers grapple cost pressures
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City Snapshot: Unilever boosted by emerging markets reopenings
Unilever has started the year on the front foot, posting organic growth of 5.7% helped by the lapping strict lockdowns in key emerging markets
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Wholesaler Serious Foods rescued from administration
Serious Foods, which has supplied ingredients to the hospitality and restaurant industry for a decade, has been bought by First Choice Produce
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Media Bites 28 April: Waitrose/Deliveroo, Grocery market share, National Lottery
Waitrose and Deliveroo have struck a two-year partnership for rapid home grocery deliveries after a successful trial of the service
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City snapshot: Grocery growth stays strong as retail reopens and lockdowns lift
Grocery sales growth has remained in positive territory in recent weeks despite the reopening of wider retail, food service and the relaxation of social restrictions
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Gousto posts first profit as demand soars during pandemic
Recipe box player Gousto posted a full-year profit for the first time last year after sales soared to record levels
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Media Bites 26 April: Tate & Lyle, Morrisons, Gousto
Tate & Lyle is in talks over the sale of its industrial ingredients business as the 160-year-old British food manufacturing group mulls a sweeping overhaul
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City News: Nestlé posts strongest quarter in a decade
Nestlé solidified its position as one of food and drink’s star performers in the pandemic
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Meat giant JBS makes major plant-based move with Vivera deal
The globe’s largest protein producer agreed to acquire Dutch based-Vivera for an enterprise value of €341m (£296m)
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City snapshot: Retail sales rebound ahead of reopening
Retail sales volumes continued to recover in March ahead of the reopening of non-essential shops, according to date from the Office of National Statistics
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Media Bites 23 April: Co-op, Nestlé, Deliveroo
The Co-op retail chain has announced a shake-up of its store management structure which is expected to affect 2,000 staff
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City snapshot: Booming coffee sales drives Nestlé first quarter sales outperformance
Nestlé has reported a 7.7% jump in first quarter organic growth, boosted by a surge in coffee sales and early signs of recovery in out-of-home channels
