All articles by Alec Mattinson – Page 10
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City snapshot: Supermarket sales growth rebounds despite falling inflation
Grocery price inflation fell for the seventh month in a row to 11% last month as take home grocery growth rose to 9.1%.
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Media Bites 9 October: Waitrose/Amazon, John Lewis, Sainsbury’s
Groceries from Waitrose could be sold via Amazon under a deal being discussed by the supermarket chain and the online retail group
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City News: Tesco shares soar on profits upgrade
Tesco shares rose sharply this week as the UK’s largest supermarket hiked its full-year forecasts, on the back of a jump in sales and profits in the first half
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St Pierre sees sales surge past £150m
Global sales surged past the £150m mark at St Pierre Groupe last year as it was bought by Mexican bakery giant Grupo Bimbo
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City Snapshot: Footfall falls back in September
UK football eased back in September as consumer caution constrained spending in stores
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Media Bites 6 October: Imperial Brands, plant-based meat, Cadbury
The maker of Lambert & Butler and Players cigarettes has announced a £1.1 billion buyback, helping to lift its shares a day after Rishi Sunak announced plans to eventually outlaw cigarette sales in England (The Times £). Imperial Brands will buy back £1.1billion shares after bumper demand ...
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City snapshot: Imperial Brands commits to £1.1bn share buyback as it reiterates guidance
Tobacco giant Imperial Brands will gives a further £1.1bn back to shareholders next year as it announced its trading remains on course to hit full year expectations
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Hovis falls to £28.6m loss amid cost recovery delays
Wrapped bread player Hovis has fallen to a near £30m loss amid delays in passing through soaring input costs
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Media Bites 4 October: Wilko, Greggs, Burger King
Fears are mounting that proposed deals by B&M European Value Retail and Poundland to acquire 100 stores previously run by Wilko could fall through
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City snapshot: Greggs sales growth tops 20% as evening shoppers boost trading
Sales are continuing to boom at food-to-go stalwart Greggs as new openings and increased customer visits boosted third quarter revenues
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Media Bites 2 October: Lidl, Morrisons, Hovis
Lidl’s UK arm has been hit by a surge in its borrowing costs, threatening its previously relentless rise
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Little Moons’ meteoric rise continues as it plans new UK factory
Mochi ice cream pioneer Little Moons is to open a new factory to meet booming global demand after more than doubling sales last year
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City news: AG Barr boosted by revenue growth and Boost acquisition
Acquisitions and organic revenue growth helped AG Barr boost its first-half revenues by a third, but profits were hit by a rise in lower-margin sales and soaring costs.
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City snapshot: East Imperial hit by production halt amid funding delay
Premium mixers supplier East Imperial saw second quarter revenues hit by funding delays to reduce overall first half revenues despite strong first quarter growth
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Media Bites 29 September: John Lewis/Waitrose, Wilko, Deliveroo
John Lewis plans to sell off a dozen Waitrose stores to raise up to £150m as the troubled department store seeks fresh funding for its turnaround
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City snapshot: Diageo remains on course despite cost pressures and economic uncertainties
Diageo said this morning it would ‘move with speed and agility and continue to invest in marketing and innovation’
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City snapshot: Chapel Down posts strong and profitable first half growth
England’s largest winemaker Chapel Down has posted first half growth of 21% amid strong domestic sales for English sparkling wine and increased exports
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Media Bites 29 September: AG Barr, Pret a Manger, Amazon
AG Barr’s half-year earnings have soared thanks to recent takeovers and a rise in soft drinks sales
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City snapshot: AG Barr revenues jump but profits hit by cost inflation
Acquisitions and organic revenue growth helped AG Barr grow first half revenues by a third, but profits were hit by lower margin business and soaring costs. Plus trading updates from PZ Cussons, Finsbury Food Group and Supreme
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Media Bites 25 September: THG, Wilko, retail sales
A £200m sale of a business park owned by THG boss Matthew Moulding has fallen through