All articles by Alec Mattinson – Page 127
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Analysis & FeaturesCity News: Majestic Wine's turnaround hits the buffers
Majestic Wine investors were nursing a sore head on Thursday as the retailer plunged to a half-year loss three years into its supposed turnaround plan.
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NewsCity snapshot: Plant-based food producer Gosh eyes potential sale
Plant-based food producer Gosh is plotting a potential sale after hiring advisors. Plus Origin Enterprises delivers 24% first quarter sales jump and all the rest of the latest news from the City.
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NewsMedia Bites 23 Nov: Majestic Wine, Black Friday, WH Smith
Majestic Wine admitted today that it is stockpiling wine, amid fears that a ‘no deal’ Brexit could lead to gridlock at ports and disrupt deliveries.
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NewsMajestic slips to first half loss amid Naked investment and “sluggish” UK market
Majestic Wine has fallen to a first half loss of £0.2m as investment in growth and the “tough” retail market were a drag on performance.
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NewsMedia Bites 22 Nov: SSP Group, Patisserie Valerie, Oat milk
Shares in Upper Crust owner SSP Group plunged after retail veteran Kate Swann revealed she is stepping down in May.
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NewsSSP Group CEO Kate Swann steps down after “record” year
Travel food-to-go specialist SSP Group has announced its CEO Kate Swann is to step down next year after it posted 22.7% surge in full year underlying operating profit and revenue growth of 9.5%.
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NewsMedia Bites 21 Nov: Sugar tax, Compass Group, Patisserie Valerie
Britain’s sugar tax has raised well under half the originally forecast amount in its first seven months, reflecting a huge shift by drinks manufacturers to cut the amount of sugar in their products.
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Analysis & FeaturesCity news: Asda posts sixth consecutive quarter of organic growth
Asda’s resurgence continued this week as it posted like-for-like growth of 2% in the third quarter to post its sixth consecutive quarter of organic growth.
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NewsCity snapshot: Asian foods specialist TRS Group seeks buyer
World foods supplier TRS Group is eyeing up potential buyers after the £109m-turnover business hired advisors to prepare for a sale, The Grocer understands. Plus, Imperial Brands responds to new proposals to regulate vaping and menthol product sales and all the rest of the latest news from the City.
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NewsMedia Bites 16 Nov: Asda, US tobacco bans, Patisserie Valerie
Asda revival continues as sales rise again, writes The BBC as the media also reports on US restrictions on vaping and menthol tobacco and boardroom changes at Patisserie Valerie.
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NewsDevro warns on volume growth over Russia slowdown
Sausage skin supplier Devro has warned that weaker than expected sales in Russia will result in lower than expected full year sales volumes as it begins the search for a new chairman.
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NewsMedia Bites 15 Nov: Brexit, Inflation, Campbell Soup
The chancellor and the business secretary thanked dozens of senior figures from FTSE 100 companies last night for their stark warnings over the impact of a no-deal Brexit.
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NewsGrocery spending slows down in October
Grocery shoppers spent less in October 2018 compared to the same time last year, according to newly released grocery market share data from Nielsen and Kantar Worldpanel.
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Comment & OpinionGavin Darby’s bitter sweet exit from Premier Foods
Premier Foods shareholders have got their way with the departure of CEO Gavin Darby
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NewsGavin Darby announces Premier Foods departure as it seeks Ambrosia sale
Premier Foods’ CEO Gavin Darby has announced he is to step down in January, while it has also said it is in talks to sell its Ambrosia brand
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NewsMedia Bites 13 Nov: Tobacco shares, Diageo, Kellogg's
Billions of pounds were wiped off the value of two British tobacco companies yesterday after reports that American regulators plan to ban menthol cigarettes.
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NewsDeflation hits supermarket prices for first time in two years
The Grocer Price Index has found that supermarket prices are back in deflation for the first time in almost two years.
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Analysis & FeaturesPepsiCo to avoid premium snacks retail war by keeping Pipers Crisps Co's focus on foodservice
Walkers owner PepsiCo has entered the premium hand-cooked crisps space with its acquisition of Pipers, but will eschew the brutal promotional retail environment to grow its presence in foodservice.
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NewsKellogg's UK sales drop £50m as Pringles decline continues
Kellogg’s recorded a £50m plunge in UK sales in its most recent financial year as its Pringles lost sales to add to the structural decline of its cereals.
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NewsCity snapshot: Sainsbury’s posts first half underlying profit growth as second quarter sales improve
Sainsbury’s grew underlying profits by 20% in the 28 weeks to 22 September 2018 and recorded improved second quarter sales driven by the warm summer. Plus all the rest of the latest news from the City.