All articles by Alec Mattinson – Page 10
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NewsArtemis Tenacious Group created to drive investment in legal cannabis
Global cannabis industry investment firm Artemis Growth Partners and cannabis consumer products group Tenacious Labs have created a partnership to drive investment in global cannabis market
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NewsCity snapshot: Early Easter boosts March retail sales
Strong food sales in the run-up to this year’s early Easter boosted UK retail sales in March, though non-food sales continued to decline
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NewsMedia Bites 8 April: Asda/Aldi, Ocado, Retail insolvencies
Aldi has overtaken Asda to become Britain’s third biggest supermarket
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NewsHilton offers ‘a lot to like’ for investors as profits bounce back
Profits have bounced back at Hilton Food Group, which clawed back margin as input costs eased and the turnaround of its seafood division progressed ahead of expectations
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NewsCity snapshot: Early Easter fails to reverse footfall decline
Easter falling at the end of the March failed to reverse the ongoing decline in retail footfall in 2024, according to the latest data from BRC-Sensormatic IQ
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NewsMedia Bites 5 April: The Co-op, DS Smith, Retail sales
The boss of the Co-Operative Group has dismissed claims that the mutual model is broken after the food-to-funerals group reported a slump in annual profits
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NewsCity snapshot: Membership growth boosts sales and profits at Co-op
The Co-op moved back into operating profit last year as strong membership growth and increased like-for-like food sales boosted performance at the group
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NewsLavazza sales pass €3bn but raw coffee costs hit margins
Global coffee giant Lavazza grew global revenues to over €3bn last year, but soaring coffee bean prices hit the group’s profits
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NewsMedia Bites 3 April: Waitrose, egg production, Amazon
Waitrose is cutting prices in its stores for the second time in as many months as it battles to regain shoppers from M&S
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NewsCity snapshot: Retail inflation falls to lowest level since 2021
Shop price inflaton has contracted significantly in March, dropping to just 1.3% and the lowest level since December 2021
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NewsCity snapshot: Kitwave Group acquires Total Foodservice Solutions for £21m
Listed wholesale group Kitwave has announced the acquisition of north of England independent food wholesaler Total Foodservice Solutions for £21m
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NewsMorrisons posts strongest sales growth in three years
The Bradford-based grocer on Thursday announced a 4.6% rise in group like-for-like sales (ex fuel) in its first quarter to 28th January
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NewsMedia Bites 27 March: Grocery inflation, Ocado, Fevertree
Grocery inflation has fallen to its lowest level in two years as the cost of living crisis finally eases
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NewsCity News: Deliveroo shares rise as it progresses towards break-even
Deliveroo shares were up on Thursday as the delivery giant moved closer to breaking even, but concerns persist over its ability to meet demanding growth forecasts amid cuts to marketing
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NewsGenius losses rise to £2.4m in first year of Katjes ownership
Losses increased at gluten-free bakery Genius Foods in the year of its takeover by German confectionery group Katjes
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NewsCity snapshot: John Lewis Partnership bounces back to profit on strong Waitrose performance
The John Lewis Partnership has rebounded into annual profit on strong sales and profit growth at Waitrose, but it will not pay a staff bonus again for the year
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NewsMedia Bites 13 March: Morrisons, CMA/vet sector, Aldi
The parent company of Wm Morrison has reported an annual loss of more than £1bn due in part to high debt finance costs
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NewsCity snapshot: Domino’s Pizza grows sales and profits as costs ease
UK takeaway franchise player Domino’s Pizza group posted a rise in order count and sales last year on new store openings and increased market share
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NewsCity snapshot: Property giant British Land raids Marston’s for chair appointment
British Land has announced it has appointed current Marston’s char William Rucker as its own chair designate
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NewsMedia Bites 11 March: John Lewis Partnership, Sainsbury’s, Morrisons
The owner of John Lewis and Waitrose is expected to announce that it has bounced back into the black – but workers are unlikely to see a payout