All articles by Alec Mattinson – Page 121
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NewsCity snapshot: Casino plans €2.5bn of asset sales as its targets convenience and online growth
French hypermarket chain Groupe Casino has raised its target from the sale of non-core assets from €1.5bn to €2.5bn over the next year. Plus, the pound rises to multi-month highs as ‘no deal’ Brexit threat recedes and all the latest news from the City.
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NewsMedia Bites 14 March: Brexit, Spring Statement, Morrisons
The pound has jumped to highs last seen in June 2018 after Parliament rejected a no-deal Brexit and investors saw less risk of a disorderly exit from the European Union.
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NewsMedia Bites 12 March: Paul Polman/Unilever, Brexit, Inflation basket
Paul Polman, the former head of Unilever, took home €11.7m, including an annual bonus of nearly €2m, in a year in which the company faced heavy criticism.
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NewsPastry supplier Deli Santé ceases trading
The company formerly had branded listings at Ocado and Waitrose
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NewsGPI shows supermarket prices deflating again, with 0.3% drop
Three of the big four supermarkets were in annual deflation last month
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NewsMedia Bites 7 March: Patisserie Valerie, Tobacco stocks, Just Eat
Patisserie Valerie’s new owner has insisted it has the money and skill to rebuild the company despite sacking the café chain’s top management to save money.
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NewsMedia Bites 6 March: Sainsbury's, Brexit tariffs, AB InBev
“Sainsbury’s sales are stuck in reverse” writes The Times (£), while The Telegraph says the sales slide has piled further pressure on chief executive Mike Coupe.
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NewsGrocery sales growth slows amid Brexit caution
Grocery sales grew by 1.9% in the 12 weeks to 24 February as one in ten shoppers admit to stockpiling food in preparation for a possible disorderly Brexit.
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NewsMedia Bites 5 March: Boparan Restaurant Group, Aldi, Retail sales
The “chicken king” owner of the Giraffe and Ed’s Easy Diner restaurants is set to close a third of the two chains’ sites, putting hundreds of jobs at risk
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NewsCity snapshot: Premiumisation drives 4.8% annual sales growth at ABInBev
The world’s largest brewer ABInBev has posted “solid” annual revenue growth of 4.8% driven by pricing and mix improvement.
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NewsMedia Bites 28 Feb: Ocado/M&S, Premier Foods, Patisserie Valerie
The boss of Marks & Spencer has defended the decision to spend £750 million on a food delivery tie-up with Ocado
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NewsMedia Bites 27 Feb: Ocado/M&S, Hotel Chocolat, Brexit
Ahead of this morning’s confirmation of the £1.5bn tie-up between Ocado and M&S, long-awaited confirmation the pair were in talks is heavily covered in today’s papers.
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NewsCity snapshot: Ocado and M&S agree £1.5bn joint venture
Ocado and Marks & Spencer have agreed to create a 50/50 joint venture that will “transform online grocery shopping in the UK”.
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NewsDo Kraft Heinz's travails signal the end of the zero-based budgeting era?
After Kraft Heinz posted a US$12.6bn fourth quarter loss, has the poster child for cost cutting shown the era of zero-based budgeting is coming to an end?
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NewsMedia Bites 25 Feb: Asda/Sainsbury's, Dairy Crest, Kraft Heinz
The American private equity giant that owns ticketing app Trainline is plotting a bid for Asda as the supermarket’s £14bn merger with rival Sainsbury’s teeters on the brink of collapse, according to the Sunday Times.
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NewsCity snapshot: Profits stabilise at Finsbury Food Group despite sales drop
Finsbury Food Group was back in profit in the first half of its financial year, though business closures meant headline revenues declined. Plus, ABF to shrug off sugar woes and post annual sales growth and all the rest of the latest news from the City.
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NewsMedia Bites 21 Feb: Sainsbury's/Asda media reaction special
Analysts were sceptical that the merger could be re-engineered sufficiently to allow it to be cleared
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NewsCity snapshot: Higher costs weigh on earnings at McBride
Profits at McBride were held back by “significantly higher” input costs after its shares plunged yesterday amid a profits warning
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NewsSainsbury's shares plunge in the wake of CMA Asda deal objections
Sainsbury’s shares have tanked to a lower level than they were trading at before last year’s announcement of the blockbuster merger with Asda due to City fears the Competition & Markets Authority has today killed the deal.
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NewsCity snapshot: Premier Foods scraps Ambrosia sale plan
The proposed Ambrosia sale was one of the final strategic initiatives of former CEO Gavin Darby who stepped down from Premier last month