All articles by Alec Mattinson – Page 12
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News
Newlat puts blame on ‘challenging market’ as it exits Princes deal
Newlat was in advanced discussions to buy Princes and understood to be in a two-way fight with UK private equity firm Epiris
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News
City snapshot: CCEP posts annual growth of 8% despite dip in sales volumes
Coca-Cola Europacific Partners has posted annual constant currency growth of 8% despite a dip in overall sales volumes
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News
Media Bites 23 February: Diageo/Pimms, Nestlé, Danone
Diageo, the FTSE-100 alcoholic beverages giant, is exploring the sale of a trio of non-core brands including Pimm’s
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News
City snapshot: Nestlé sales volumes fall back as price inflation hits demand
Nestlé has posted a drop in annual sales volumes as “unprecedented inflation” hit consumer demand for its food and beverage products. Plus results from Danone and an acqusition from CCH
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News
Media Bites 21 February: The Body Shop, Baby formula, Tesco
The Body Shop is to close almost half of its 198 shops in the UK and will significantly reduce staffing levels at its head office, leading to hundreds of job losses
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News
Arla Foods UK returns to branded growth as price inflation eases
Arla Foods UK said it returned to “strong” branded growth in the second half of 2023 as the commodities-driven inflation of 2022 eased
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News
City snapshot: CMA launches market study into infant formula
The UK’s Competition and Markets Authority has today launched a market study into the supply of infant formula in the UK after finding prices had soared by 25% over two years
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News
Media Bites 19 February: Morrisons, retail sales, Asda
The boss of Morrisons has stepped up the supermarket’s price war with Aldi and Lidl to win back customers
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News
City News: Heineken flounders as beer volumes fall globally
Heineken issued a sobering forecast for 2024 this week as it struggles against falling beer volumes and double-digit price increases
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News
City snapshot: UK retail sales bounce back as food stores return to growth
Retail sales volumes bounced back into stronger than expected growth in January following record falls in December, boosted by a recovery in food sales volumes
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News
Media Bites 16 February: The Body Shop, Discounters, Pernod Ricard
The Body Shop staff fear company will be broken up, risking 2,200 jobs
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News
City snapshot: Kerry Group sales fall after ‘challenging’ 2023
Irish dairy and nutrition producer Kerry Group has posted an 8.6% drop in sales as disposals and challenging conditions for its dairy business hit headline revenues
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News
Kraft Heinz net sales slow in fourth quarter as sales volumes drop
Kraft Heinz saw net sales decline in the final quarter of the year as a drop in sales volumes outstripped price rises in the period
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News
Media Bites 14 February: Shop worker violence, The Body Shop, Waitrose
Retail industry bosses have warned of a spiralling crisis on shop floors after violence and abuse of workers surged by 50%
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News
The Body Shop’s UK arm placed into administration
The private equity owner of The Body Shop has placed the UK chain into administration just three months after buying it
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News
City snapshot: Ultimate Products sales dip as air fryer craze dissipates
Homeware and household brands owner Ultimate Products has seen a fall in sales in its first half of its financial year as it laps “exceptionally strong demand” for air fryers last year
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News
Media Bites 12 February: The Body Shop, Cocoa prices, John Lewis
The new owners of The Body Shop are lining up administrators for its British arm just weeks after taking control of the cosmetics retailer
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News
City News: Sainsbury’s ‘Next Level’ strategy fails to impress the City
Sainsbury’s outlined its strategic blueprint to improve investors’ returns this week, but its plans underwhelmed the City amid concerns over upfront costs and a lack of clarity around some commitments
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News
William Jackson Food Group back in profit after MyFresh exit
William Jackson Food Group grew sales and moved back into the black last year, despite the cost of living crisis and a drop in online grocery shopping
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Analysis & Features
Who will be hit hardest by rising national living wage?
Food prices will likely stay higher for longer as costs are passed on