All articles by Alec Mattinson – Page 14
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NewsMedia Bites 22 January: Retail sales, Sainsbury’s, shrinkflation
British retail sales plummeted in December, marking the biggest decline in nearly three years and raising the risk that the UK economy has slipped into a technical recession
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NewsCity news: Ocado shares under pressure despite ‘record’ Christmas
Ocado Retail’s return to double-digit growth, a “record” Christmas and – most notably – a move back into the black were all good news this week.
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NewsPrinces profit drops as sale nears completion
Canned food giant Princes suffered a sharp drop in profitability last year despite a £300m sales boost
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NewsVibrant Foods back in growth as transformation takes effect
World foods specialist Vibrant Foods is back in growth following a £30m refinancing
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NewsCity snapshot: Christmas retail sales plunge as consumers cut back
Retail sales slumped by 3.2% in December, which was the worse monthly drop since the depths of the coronavirus pandemic, as consumers cut back in the run-up to Christmas.
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NewsCity snapshot: Sainsbury’s to wind down core banking operations
Sainsbury’s has announced it will wind down its core banking operations and instead offer financial services via third party financial groups. Plus updates from Cranswick, Pepco, Bakkavor, Naked Wines and C&C Group
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NewsMedia Bites 17 January: Ocado, Haleon, THG
Customers switching back to online grocery shopping after a post-pandemic decline helped Ocado’s retail division return to profitability
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NewsCity snapshot: Ocado returns to double-digit growth amid ‘record’ Christmas
Ocado Retail returned to double-digit growth in its fourth quarter to the end of November, while it also posted “record” Christmas sales amid volumes growith. Plus updates from THG, McBride and Eagle Eye
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NewsMorrisons owner CD&R brings in Dave Lewis for advisory role
Private equity giant Clayton, Dubilier & Rice has hired former Tesco boss Sir Dave Lewis as an advisor to help it grow its global retail empire
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NewsPanicium acquires The Bury Black Pudding Company
Food group Panicium has acquired The Bury Black Pudding Company for an undisclosed sum
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NewsMedia Bites 15 January: Dave Lewis, UK vegetables, Asda
US buyout firm and Morrisons owner Clayton, Dubilier & Rice has hired former Tesco boss Sir Dave Lewis as an operating adviser
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NewsCity underwhelmed by supermarkets’ Christmas results despite bumper sales
As many childhoods can attest, the difference between Christmas expectations and festive reality can be an almighty chasm
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NewsCook makes major comeback with sales and profit in growth
Cook entered its latest financial year facing rampant inflation, a heatwave that left high streets deserted, and supply chain disruption
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NewsCity snapshot: UK economy returns to growth amid Black Friday spending boost
The UK economy beat market expectations to return to monthly growth in November, helped by the impact of the Black Friday retail event and fewer strike actions
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NewsMedia Bites 12 January: Marks & Spencer, Tesco, Fortnum & Mason
Marks & Spencer and Tesco have emerged as Christmas winners as shoppers flocked to their stores despite pressure on family finances
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NewsCity snapshot: Tesco and Marks & Spencer post bumper Christmas sales
Tesco and Marks & Spencer have both posted strong Christmas grocery growth ahead of the wider market
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NewsAsda owners ‘more than comfortable’ with supermarket’s £4bn debt pile
A senior exec at Asda co-owner TDR Capital has told lawmakers the supermarket’s owners are “more than comfortable” with its debt pile are taking a long-term view of its growth prospects
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NewsMedia Bites 10 January: Asda, Christmas retail, Danone
The private equity owner of UK supermarket chain Asda defended its controversial buyout of the business, as it faced a grilling from politicians
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NewsCity snapshot: Grocery spending hits record £4.8bn in Christmas week
Sales at the UK supermarkets reached a record high of £4.8bn during the week leading to Christmas
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NewsMedia Bites 8 January: Retail jobs, Christmas retailer results, Asda
Almost 120,000 retail jobs were lost in the UK last year and more than 10,000 shops shut their doors as businesses grappled with inflation and economic headwinds