All articles by Alec Mattinson – Page 150
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NewsTesco turnaround 'on track' but City reaction is lukewarm
Tesco declared its turnaround “firmly on track” this week after posting a 27.3% jump in group operating profit
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NewsChanging breakfast habits hit big three cereal players' sales
Changing habits at Britain’s breakfast tables have shrunk sales and profits at all three of the UK’s biggest cereal player
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Analysis & FeaturesPrice inflation at mults hits highest level for five years
The Grocer Price Index jumped from 2.4% to 2.9% in the month to 1 October
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NewsMedia Bites 4 Oct: Tesco trial, Britvic/Unilever, 2 Sisters, Greggs
A number of senior Tesco staff resigned and “people were in tears” because they felt so “compromised” about being asked to “misreport” profits, a court has heard.
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NewsCity snapshot: Tesco hails turnaround as first half profits jump 27.3%
Tesco has declared its turnaround “firmly on track” after positing a 27.3% jump in first half group operating profit before exceptional items and its seventh consecutive quarter of sales growth. Plus, McColl’s founder James Lancaster steps away and all the rest of the latest news from the City
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NewsUnilever mulls Norwich factory exit for Colman’s, after Britvic move
Unilever has announced that it is considering the potential closure of its Norwich factory after plant co-owner Britvic said it is to exit the site
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NewsCity snapshot: Greggs’ third quarter sales up 8.6% as better availability boosts trading
Bakery and food to go group Greggs has posted an 8.6% rise in total sales for the 13 weeks to 30 September, driven by strong like-for-like growth and new store openings. Plus, Refresco receives €1.6bn PAI offer, Britvic to shut Norwich factory, Coca-Cola HBC CEO dies and all the rest of the latest news from the City
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NewsMedia Bites 3 Oct: Tesco trial, Unilever, Coca-Cola
Three former senior Tesco executives carried on “conniving and manipulating” after a hole in Tesco’s accounts began “spiralling out of control” during the first half of 2014, a jury has heard.
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NewsDawn Meats and Dunbia merger receives regulatory green light
Dawn Meats and Dunbia have completed the merger of their UK businesses after receiving the go-ahead from the UK’s Competition and Markets Authority.
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NewsNespresso and Waters defy UK trend of falling sales for Nestlé
The UK arm reported a 3.2% slide in headline sales in the year to 31 December
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Analysis & FeaturesHow much appetite will the City have for Bakkavor?
Will the ascending reputation of own label and the performance of its peers mean a warm welcome on the Stock Exchange?
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NewsCity snapshot: UK consumer confidence edges up in September
Consumer confidence in the UK ticked up last month despite increasing worries about personal finance, according to the latest consumer confidence index from GFK.
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NewsMedia Bites 29 Sep: Palmer & Harvey, 2 Sisters, Sugar quotas
Palmer & Harvey is on the brink of securing the future of its 4,000 workers after two giant cigarette-makers agreed to pump in millions of pounds of emergency funding.
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NewsAldi UK announces profits drop as sales rise by £1bn
Aldi is now UK’s fifth biggest supermarket with a 6.9% share of the market
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NewsCity snapshot: Aldi UK sales jump 13.5% to £8.7bn but profits fall back
Aldi grew its UK and Ireland sales by £1bn last year to £8.7bn but investment in growth and price meant operating profits fell by 17%.
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NewsMedia Bites 25 Sep: Tesco, P&H, L’Oréal
Three former Tesco executives accused of fraud and false accounting are due to stand trial on today in what the FT calls “one of the most high-profile prosecutions ever brought by the Serious Fraud Office”.
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NewsFood and drink industry facing 'time bomb' on labour
The annual study of the largest 150 UK food & drink suppliers lays bare the labour challenge facing the industry
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Analysis & FeaturesThe looming labour crisis: OC&C top 150 index 2017
Growth of the Top 150 UK food producers, already at a 15-year low, has been in short supply
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NewsUnited Biscuits' sales & profits hit by Storm Desmond floods
The flooding in Cumbria that closed United Biscuits’ Carlisle factory for four months after 2015’s Storm Desmond hit the Pladis-owned firm’s annual sales and profits, newly filed accounts have revealed.
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NewsAugust retail sales top market expectations
The Office of National Statistics has found UK retail sale volumes jumped by 1% in August compared to July – a significantly higher figure than the 0.3% growth the market predicted.