All articles by Alec Mattinson – Page 13
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News
City snapshot: Tesco sells majority of banking arm to Barclays for £1bn
Tesco has announced it will sell it’s the majority of its banking operations to Barclays, with the deal worth £1bn in total.
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News
Media Bites 9 February: DS Smith/Mondi, Unilever, British American Tobacco
DS Smith has received a takeover approach from Mondi, a rival UK paper specialist, in a deal that would create a European packaging giant with a value of more than £10bn
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News
City snapshot: Unilever returns to volume growth but performance remains ‘disappointing’
Unilever returned to volume growth last year as price increases decelerated, but new boss Hein Schumacher said the group’s competitiveness remained “disappointing”
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News
Media Bites 7 February: Grocery market share, retail sales, Pret a Manger
Marks & Spencer is poised to overtake Waitrose as it wins over growing numbers of middle class shoppers
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News
City snapshot: Retail sales growth slows as cost of living weighs on consumers
UK retail sales growth slowed in January despite easing inflation as continued weak consumer demand led to ‘lacklustre’ sector performance
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News
Media Bites 5 February: Issa brothers/Asda, Morrisons, Diageo
One of the billionaire Issa brothers is reportedly attempting to offload his stake in the debt-laden supermarket Asda
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News
City News: Diageo’s woes continue as Latin America sales plunge
Diageo’s woes across the Atlantic continued this week, as second-half results were hit by a plunge in sales in Latin America and a continued slowdown in North America
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News
City snapshot: Retail footfall slides again in January
Total UK footfall decreased by 2.8% in January, according to the latest data from the BRC-Sensormatic IQ Footfall Monitor
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News
Media Bites 2 February: Amazon, Brexit, AG Barr
The world’s largest retailer comfortably beat fourth-quarter sales forecasts last night, attracting robust growth in online spending by consumers during the holiday season
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News
City snapshot: Former Co-op boss Euan Sutherland named AG Barr CEO
AG Barr has announced that the former chief of Co-op, Saga and Superdry Euan Sutherland will become its new CEO
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News
Media Bites 31 January: Morrisons, Diageo, John Lewis
Morrisons has agreed to sell its petrol forecourts to Motor Fuel Group for £2.5bn in return for a 20% stake in the service stations operator
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News
City snapshot: Fall in grocery inflation eases and retailers cut promotions
The fall in grocery price inflation eased last month as retailers ‘took their foot off promotions’, while sales growth lagged price increases. Plus updates from Diageo, SSP Group and Pets at Home
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News
Media Bites 29 January: John Lewis Partnership, Brexit border controls, disposable vapes
The John Lewis Partnership has raised £260 million to help fund its turnaround as the struggling mutual prepares to cut as many as 11,000 jobs
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News
ABF shares rise on back of strong growth in food and sugar
Shares of food and retail conglomerate Associated British Foods rose this week on the back of solid growth in its food and sugar arms
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News
City snapshot: Travel recovery boosts WH Smith
WH Smith grew revenues in the second half of last year as the global travel market continues to recover and it expands its number of airport outlets
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News
Media Bites 26 January: Fever-Tree, Haleon, consumer confidence
Sales of Fever-Tree’s tonics and mixers in the United States have overtaken those in Britain as the London-listed soft drinks group pursues its growth ambitions overseas
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News
City snapshot: US growth boosts Fever-Tree despite UK sales stagnation
Fever-Tree has posted annual growth of 6% despite a stagnation of UK sales as it doubled profits in the second half of 2023
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Comment & Opinion
Festive cheer for Premier Foods, but bigger tests await in 2024
Premier Foods remained full of festive cheer this week after revealing it enjoyed its ‘biggest ever Christmas’, but bigger tests await as food price inflation falls out of the market
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News
Media Bites 24 January: Premier Foods, ABF, P&G
Premier Foods said selected discounting helped drive strong Christmas sales growth and there are plans for more price cuts ahead
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News
City snapshot: Premier Foods sales jump after ‘biggest ever’ Christmas
Premier Foods posted strong double-digit growth in its third quarter, boosted by its “biggest ever Christmas” and significant market share gains. Plus updates from ABF, Chappel Down and Marston’s.