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: CMA threatens £6bn Just Eat merger
The UK Competition and Markets Authority has thrown a spanner into the merger of Just Eat and Takeaway.com by announcing it has opened an investigation into the deal just as it was poised to complete. Plus, trading updates from Marston’s, Carrefour and all the rest of the latest news from the City.
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Media Bites 24 Jan: Morrisons, Just Eat, Tesco/Plastic
About 3,000 management jobs are being cut at Wm Morrison as part of a shake-up of its stores that will also involve the hiring of thousands of shopfloor workers
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Sainsbury’s CEO Mike Coupe to retire, replaced by Simon Roberts
Sainsbury’s CEO Mike Coupe has announced his intention to retire in May, when he will be replaced by current retail and operations director Simon Roberts
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Media Bites 22 Jan: Sainsbury’s, Aldi, Deliveroo
Sainsbury’s is poised to axe hundreds of managers in a cost-cutting drive at the supermarket chain.
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City snapshot: SSP Group’s first quarter sales grow as it buys Germany’s Station Food
Travel food specialist SSP Group has had a “robust” start to its financial year and announced the acquisition of German travel catering business Station Food. Plus, Aldi raises pay for staff to maintain its position as the UK’s highest-paying supermarket and all the rest of the latest news from the City.
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Media Bites 21 Jan: FeverTree, Itsu, Stock Spirits
Fevertree is being tipped as a potential bid target after a warning over poor Christmas trading sent its shares tumbling by more than a quarter.
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Planet Organic slumps to loss but sales momentum is strong
Organic supermarket Planet Organic fell to a loss last year as its new private equity owner invested cash to fund growth.
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City snapshot: Premier Foods posts growth of 2.6% in crucial third quarter
Premier Foods has posted third quarter growth of 2.6% in its third quarter encompassing the Christmas period. Plus, Cranswick ups full-year profit expectations and trading updates from Devro and French retail giant Casino.
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Media Bites 17 Jan: ABF/Primark, Nestlé, Vegan products
A raft of store openings and a strong performance on the Continent drove up total sales at ABF’s Primark over Christmas.
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Richard Pennycook takes chairman role at 2 Sisters owner Boparan
The former Co-op CEO takes over as non-exec chairman of Boparan Group from Lord Allen of Kensington
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Media Bites 15 Jan: Lakes Distillery, 2 Sisters, McBride
An English whisky distillery has raised new funding of £4.25m to finance ambitious plans to triple production capacity to 1.2m bottles a year.
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City snapshot: McBride issues profits warning on UK weakness
Private label household goods manufacturer McBride has issued another profits warning on weaker than expected trading in the UK.
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Media Bites 14 Jan: UK economy, Asda, Greggs
The economy shrank unexpectedly in November as election uncertainty delivered a blow to output.
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City snapshot: Retail footfall slumps over Christmas
Footfall across UK retail destinations fell 2.5% over the Christmas period, with Black Friday and Boxing Day sales events failing to drive customers to the UK’s shops.
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Media Bites 13 Jan: John Lewis, Just Eat, Asda
John Lewis could face pressure to sell off parts of its vast property estate following a downturn in its fortunes. Plus, Takeaway.com wins battle for Just Eat and Asda plans 2,800 job cuts.
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Christmas trading: which listed supermarket won the golden quarter?
The City was preparing for the worst from this week’s raft of festive grocery trading updates, but supermarket shares largely held firm after a Christmas that left the big players bruised but not beaten
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Automation boosts profits at Riverford Organic Farmers
Vegetable box delivery service Riverford Organic Farmers has posted a surge in annual profits as investment in automation boosted margins.
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Sales and profits slump at Tyrrells as turnaround efforts continue
Tyrrells suffered a sharp drop in sales and profitability in the financial period that saw German snacks giant Intersnack snap up the crisps brand.
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City snapshot: Sainsbury’s Christmas grocery growth mitigates Argos decline
Sainsbury’s has posted a decline in like for like retail sales in its crucial third quarter. Plus, Greggs has posted another quarter of strong organic growth to take its full year sales up 13.5% year-on-year while committing to pay staff £7m and all the rest of the latest news from the City.
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Media Bites 8 Jan: Morrisons, Grocery market share, Poundland
Cautious shoppers, heavy discounting and a decision to shun Black Friday triggered a fall in sales at Morrisons
