All articles by Alec Mattinson – Page 123
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NewsMedia Bites 6 Feb: Ocado, Unilever, Grocery market share
A fire at one of its high-tech warehouses yesterday dealt a blow to Ocado, on the same day that it reported a rise in annual losses and announced a new one-hour delivery service.
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NewsOcado annual losses rise to £44m as expansion hits bottom line
Ocado grew its annual revenues by 12.3% in 2018, but its pre-tax losses jumped from £9.8m to £44.4m.
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NewsMedia Bites 5 Feb: Patisserie Valerie, Retail sales, Brexit
Patisserie Valerie has attracted interest from numerous bidders, including offers for the entire 206-store chain and ones for parts of it, according to administrators.
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NewsPepsiCo completes £20m deal for Pipers Crisps
PepsiCo has completed the acquisition of foodservice snacking specialist Pipers Crisps after receiving the green light from the UK’s Competition and Markets Authority.
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News100 potential bidders ran the rule over Patisserie Valerie
Around 100 potential bidders expressed an interest in rescuing stricken cake retailer Patisserie Valerie ahead of crunch talks this week, though reports warn the chain could be broken up.
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NewsMedia Bites 4 Feb: Brexit stockpiling, Patisserie Valerie, Ocado
British factories stockpiled goods in January at the fastest rate in 30 years, as they count down towards a potentially chaotic Brexit
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NewsAsset sales help boost profits at William Jackson
Pre-tax profits more than doubled after the sale of its MyFresh salad business
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NewsGraze purchase set to be first big Unilever deal under Jope
Unilever is reportedly set to win the auction for the healthy snack brand
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NewsCity snapshot: Pip & Nut seeks £5m funding boost
Fast growing Pip & Nut has hired advisors to secure a major cash injection to drive the nut butter brand’s next stage of growth. Plus, Real Good Foods sells frozen desserts business in MBO spin-off and all the rest of the latest news from the City.
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NewsMedia Bites 1 Feb: Patisserie Valerie, Asda, Unilever
Patisserie Valerie, the café chain that crashed into administration last week, looks increasingly likely to be sold off in chunks, with its unreliable accounts deterring even those bidders that specialise in distressed companies.
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NewsCity snapshot: Unilever's underlying annual sales rise 3.1%
Unilever has posted underlying annual sales growth of 3.1% despite “challenging” market conditions. Plus, Diageo first half sales up 5.8%, Stock Spirits buys Italy’s Distillerie Franciacorta and the rest of the latest news from the City.
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NewsMedia Bites 31 Jan: Graze, Patisserie Valerie, High Street closures
Anglo-Dutch consumer goods giant Unilever is leading a pack of bidders for Graze amid transatlantic interest in a takeover of the snack-food brand.
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NewsFood to go drives 5.8% organic first quarter uplift for Greencore
Sandwich giant Greencore has posted a 5.8% rise in first quarter like for like sales.
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NewsMedia Bites 29 Jan: No-deal Brexit, Tesco, Oddbins
A no-deal Brexit threatens the UK’s food security and will lead to higher prices and empty shelves in the short-term, retailers are warning.
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NewsPatisserie Valerie rescue talks planned for next week
Administrators for Patisserie Valerie and the chain’s management team are expected to meet potential bidders next week in a bid to strike a rescue deal for the collapsed cake retailer.
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Comment & Opinion'Business as usual' as buyer sought for Patisserie Valerie
An “avalanche of names” have expressed an interest in collapsed cake specialist Patisserie Valerie
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Comment & OpinionBrand investment pushes Higgidy to annual loss
Premium pie maker Higgidy has fallen to a pre-tax loss as investment into its brand and new products hit its bottom line.
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NewsFeverTree reports 39% full year sales jump
FeverTree has reported a 39% surge in annual revenues for its full 2018 financial year, driven by 52% growth in its home market.
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NewsMedia Bites 24 Jan: Tesco trial, Patisserie Valerie, Retail jobs
Tesco’s former UK finance boss has accused the supermarket group of “throwing him under a bus” and abandoning truth and justice for its own “commercial imperatives”.
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NewsPatisserie Valerie shutters 71 outlets at the cost of 920 jobs
Newly appointed administrator for collapsed Patisserie Holdings KPMG has confirmed that initial closures of loss-making outlets will lead to 920 job losses.