All articles by Alec Mattinson – Page 151
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NewsHeineken shareholder FEMSA announces €2.5bn share sale
Mexican Coca-Cola bottler FEMSA has announced it has reduced its shareholding in Heineken by selling stock worth €2.5bn and representing 5.2% of the brewer’s shares.
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NewsCity snapshot: Efficiency focus helps grow profits at Finsbury Food Group
Cake supplier Finsbury Food Group (FIF) has grown pre-tax profits on flat revenues as investments in production efficiency helped boost the bottom line.
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NewsMedia Bites 18 Sep: Tesco/P&H, Kraft Heinz, Sainsbury's, Reckitt Benckiser
Tesco is expected to play a pivotal role in the rescue of embattled wholesaler Palmer & Harvey as the UK’s competition regulator probes what the supermarket’s takeover of Booker could mean for its fortunes, writes The Telegraph.
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NewsCity Snapshot: Coca-Cola HBC CEO to take illness leave of absence
The CEO of FTSE 100 Coca-Cola bottler Coca-Cola HBC is to take a four month leave of absence to treat a medical conditions. Plus, Nestlé acquires a majority stake in Blue Bottle Coffee, the pound soards but leaves UK fmcg companies nursing share price losses and all the rest of the latest news from the City
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NewsMedia Bites 15 Sep: Morrisons, John Lewis, Booker
A busy day for the retail news sees this morning’s papers consider the good results and subsequent share price drop for Morrisons, John Lewis’ profits slump, the strengthening pound, Booker’s cigarette sales and more.
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NewsMorrisons' seventh quarter of growth fails to impress City
As Morrisons found this week, the trouble with over-achieving is that it builds expectations
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NewsUK inflation jumps to 2.9% in August
The UK Consumer Prices Index jumped to a higher than expected 2.9% in August from 2.6% in July, driven by record price rises in clothing and footwear.
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NewsCity snapshot: ABF buys Italian balsamic vinegar producer Acetum
Associated British Foods has acquired Acetum, an Italian producer of balsamic vinegar of Modena, as it upgrades its full-year earnings forecast due to the weak pound.
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NewsMedia Bites 11 Sep: Sainsbury's, Morrisons, Dairy Crest
Sainsbury’s is kicking off a search for a successor to David Tyler, its long-serving chairman, according to Sky News.
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NewsMcBride bounces back from bruising price war
Own-label supplier McBride was an early victim of the supermarket price wars as heavy branded discounting squeezed sales, but the household goods supplier appears on the way back.
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NewsCity snapshot: Supermarket price inflation remains at 2.4%
Supermarket price inflation remained at its four-year high of 2.4% last month, with Tesco recording the largest increase in year-on-year prices. Plus Greene King’s share price plunges on warning over trading conditions, Diageo kicks off £1.5bn share buyback and all the latest news from the City.
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NewsMedia Bites 8 Sep: Nestlé, Unilever/Pukka, P&G, Tesco
Nestlé and Unilever have sought to respond to rapidly changing consumer tastes with separate purchases of two niche companies in voguish consumer goods sectors.
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NewsMeat, fish & poultry keeps inflation at four-year high
Rapidly rising protein prices are keeping supermarket inflation at four-year highs, according to the latest Grocer Price Index
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NewsFarmfoods' pre-tax profits halve as sales drop by £25m
Pre-tax profits at frozen foods supermarket Farmfoods more have halved in 2016
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NewsCity snapshot: Solid August retail sales defy poor summer weather
UK retail sales rose 1.3% on a like-for-like basis in August according to the latest BRC-KPMG Retail Sales Monitor to shrug off the recent wet weather. Plus, the FTSE slides on North Korea worries, McBride boosted by Danish deal and all the latest news from the City.
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NewsMedia Bites 5 Sep: Exports, Reckitt Benckiser, C&C Group
Factories are enjoying some of the best conditions in two decades as the fall in the pound and a strengthening global economy boost factory orders and rates of production, writes The Times.
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NewsMcBride swoops for £10.8m Danish firm Danlind
Private label household goods manufacturer McBride has bought Danish dish-wash and laundry products firm Danlind for a cash consideration of £10.8m.
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NewsC&C Group takes stake in pub group Admiral Taverns
Magners and Tennent’s brewer C&C Group has bought a 47% stake in UK pub group Admiral Taverns as part of its acquisition by US investment fund Proprium Capital Partners.
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NewsMedia Bites 4 Sep: Reckitt Benckiser, Little Dish, Sainsbury's, Ocado
Four of Reckitt Benckiser’s top 10 executives are quitting the British household consumer group, which is battling the lowest sales growth in its history, writes The FT.
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NewsJack Link's plots UK factory investment
Peperami owner and beef jerky brand Jack Link’s is planning to ramp up its presence in Europe by investing in a new factory in the UK.