All articles by Alec Mattinson – Page 146
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NewsMorrisons and Sainsbury’s shares plunge on market share losses
Shares in both Morrisons and Sainsbury’s have fallen by over 4.5% today on poorer than expected performance in the latest grocery market share figures from Kantar Worldpanel and Nielsen.
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NewsUK inflation rises to highest level since 2012
The UK Consumer Prices Index has risen to 3.1% in November – its highest level since March 2012.
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NewsMedia Bites 12 Dec: Whitbread, Transport, Tesco
An activist investor that has built a position in Premier Inn and Costa Coffee owner Whitbread is likely to push for a break-up, a shareholder has predicted.
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NewsCity snapshot: Highest inflation since 2013 drives 12-week grocery sales up 3.1%
Grocery sales for the 12 weeks to 3 December rose by 3.1%, according to the latest market share figures from Kantar Worldpanel
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NewsTesco inflationary price hikes outstrip big four rivals
Tesco shares were boosted after Goldman Sachs suggested it was passing on less of the inflationary pressures to customers
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NewsChris Edwards to drive recovery of Poundstretcher as CEO
Value retailer Poundstretcher is understood to have brought in former Poundworld boss Chris Edwards to lead its battle against falling sales
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NewsDunnhumby hit by £33m loss in wake of new Tesco terms
With Tesco abandoning its £2bn sale in 2015, Dunnhumby fell to a £33m pre-tax loss in the year to 28 February 2017
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NewsCity snapshot: Tesco prices rising faster than industry rivals - GPI
Tesco continued to raise prices faster than its supermarket peers last month, according to the latest Grocer Price Index. Plus, Tesco Clubcard operator Dunnhumby has plunged to a £33m pre-tax loss after a new agreement with its parent company cost the data arm an extra £30m; and Poundstretcher sales fall 7.5% to £397.4m as the chain continued to shrink its store estate
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NewsCity snapshot: Nestlé buys Canadian supplement company Atrium for $2.3bn.
Nestlé (NESN) has agreed a deal to buy privately-held nutritional health products producer Atrium Innovations to expand its global consumer goods business. Plus Poundland owner Steinhoff’s shares plunge amid accounting irregularity, £3.4bn European shopping centre merger, supermarket shares surge and all the rest of the latest news from the City.
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NewsMedia Bites 6 Dec: Supermarket shares, Nestlé, Fever-Tree
Tesco surged up the FTSE 100 after analysts told investors to add the stock to their trolley.
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NewsRetail sales rise in November but Black Friday fails to boost non-food
Retail sales were up 0.6% on a like-for-like basis in November according to the latest BRC- KPMG Retail Sales Monitor, but in-store sales of non-food items fell despite the Black Friday sales event.
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NewsMedia Bites 5 Dec: Black Friday, P&H, McColl's
“Black Friday sale failure so hard to swallow” is the headline in The Times this morning on the disappointing in-store sales figures for Black Friday.
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Analysis & FeaturesDoes Casino mean Ocado's hi-tech gamble has paid off?
The investment at Andover now looks prescient rather than risky
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NewsPalmer & Harvey sought to delay dividend payments as losses mounted
Collapsed wholesaler Palmer & Harvey renegotiated its onerous dividend payments to management to help mitigate rising losses according to its most recently filed accounts.
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NewsHain Celestial buys UK sweetener producer Clarks
Hain Celestial has announced it has agreed to acquire Welsh sweetener supplier Clarks to sit within its wholly-owned Hain Daniels UK business.
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NewsCity snapshot: McColl’s annual sales rise 19.1% but like-for-like sales slip in fourth quarter
McColl’s Retail Group (MCLS) has reported a 19.1% uplift in annual sales following the acquisition of 298 Co-op convenience stores, but like-for-like growth tailed off towards the end of the year. Plus a look ahead at finance news this week and all the latest news from the City.
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NewsMedia Bites 4 Dec: Food waste, Palmer & Harvey, Amazon, Simply Fresh
East of England Co-op will become the first major retailer to sell food beyond its “best before” dates.
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NewsGreencore steadies ship after year of 'building foundations'
Greencore’s share price had plunged by about 40% since March before releasing its annual financial results on Tuesday
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NewsCity snapshot: Pots & Co sells stake for £4.6m
Fast growing desserts supplier Pots & Co has sold a minority stake valuing the business at £36m. Plus a look at what else is in this week’s edition of The Grocer and all the latest news from the City.
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NewsMedia Bites 1 Dec: Fortnum & Mason, Greene King/Marston's, AB InBev
The boss of Fortnum & Mason, the 310-year-old upmarket grocer, has claimed that “brand Britain has been firmly damaged” by the uncertainty around Brexit