All articles by Alec Mattinson – Page 11
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News
Borough Broth acquires vegan curry brand SpiceBox
Borough Broth has acquired vegan curry producer SpiceBox, the Indian foods retail brand founded by Grace Regan
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News
Greggs is a ‘well-oiled machine’ as sales and profits soar
The public’s appetite for sausage rolls and baked slices has remained steady despite the pressures of the cost of living crisis, as shown in bumper results from Greggs this week
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News
City snapshot: Mondi and DS Smith agree £5.1bn merger
Packaging giants Mondi and DS Smith have agreed terms for a £5.1bn deal that will create “global leader in flexible packaging”
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News
Media Bites 8 March: Marks & Spencer, Tesco, salmon farming
The departing boss of Marks and Spencer has been tipped to run John Lewis
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News
City snapshot: M&S joint CEO Katie Bickerstaffe to step down
Marks & Spencer has announced that joint CEO Katie Bickerstaffe will step away from the company this year
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Comment & Opinion
Jeremy Hunt’s spring budget is all hat and no rabbits
Dubbed a pre-election giveaway budget, the most notable giveaways were towards the bastions of Fleet Street who had already been tipped off about all the major announcements
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News
Lindt & Sprüngli improves margins on double-digit sales growth
Global confectionery giant Lindt & Sprüngli has posted double-digit sales growth and margin improvement last year, helped by price increases and a rebound in travel retail
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News
Media Bites 6 March: Greggs, Grocery market share, EG Group
The appetite for Greggs’ sausage rolls and steak bakes shows no sign of slowing down after the bakery chain dethroned McDonald’s to become Britain’s most popular breakfast spot
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News
City snapshot: Grocery sales growth slows as food price inflation eases
Supermarket sales growth slowed to 5.3% during February as food price inflation continues to fall. Plus results from Greggs, Bakkavor and all the rest of this morning’s news from the City
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News
EG Group sees full-year profits dip as fuel prices fall
Forecourt giant EG Group saw full-year profits dip last year on lower fuel prices and ‘oil volatility’
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News
Media Bites 4 March: Ocado/M&S, Asda, chocolate prices
Are Ocado and M&S running out of road, asks The Times. M&S and Ocado could be heading for dispute over the terms of their JV
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News
City News: Reckitt Benckiser shares slump after ‘unsatisfactory’ results
Consumer goods giant Reckitt Benckiser saw its share slump this week as its 2023 sales underperformed City expectations following an “unsatisfactory” fourth quarter.
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Analysis & Features
When will the price be right to get deal volumes moving?
Newlat’s exit from Princes takeover talks reflects a market in which deals are not getting done. What’s stalling activity, and will it pick up?
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News
City snapshot: Wincanton recommends new £762m offer from GXO
The board of British logistics giant Wincanton have recommended shareholders accept the new offer £764m from GXO after the US business gazumped French rival Ceva
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News
City snapshot: Ocado remains in the red despite revenue rise
Ocado posted a £394m annual loss last year, despite a 9.9% rise in revenues as the cost of technology and rolling out its operations internationally continue to weigh on its bottom line
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News
Media Bites 28 February: Grocery market share, M&S, Beyond Meat
Grocery price inflation in the UK has slowed to a two-year low as fierce competition among supermarkets offset the impact of the Red Sea shipping crisis on goods prices
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News
City snapshot: Grocery price inflation falls to two-year low
Grocery price inflation has fallen to its lowest level since March 2022, according to new data from Kantar, as promotions accelerated supermarkets continue to focus on price
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News
Media Bites 26 February: M&S/Ocado, discounters, The Body Shop
Marks & Spencer is withholding a multimillion-pound payment to Ocado Group after their grocery delivery venture missed key performance targets
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News
City News: Nestlé shares suffer as inflation knocks consumer demand
Nestlé shares suffered this week after it posted weaker than expected sales amid a drop in volumes, as inflation hit demand
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News
Halewood sees £33m revenue decline as it refocuses spirits portfolio
Premium drinks player Halewood Artisanal Spirits saw annual losses grow to over £20m amid a refocus on its core UK branded portfolio and the shedding of low-margin products.