All articles by Alec Mattinson – Page 166
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NewsMedia Bites 17 Feb: Morrisons, Punch Taverns, Argos, Nestlé
Morrisons is aiming to recruit 200 more British suppliers after a report commissioned by the supermarket found that only just over half the food eaten in the UK comes from local sources
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NewsDeflation grinds to a halt for the first time since mid 2014
Tesco was the only big four retailer to buck the trend with its prices still down 1% year on year
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NewsTyrrells sales boom as it plans global growth with new owner
Overall turnover, net of discounts and promotional costs, leapt by 25% to £61.6m
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NewsCity snapshot: Dairy Crest warns cost inflation will hit net debt
Dairy Crest (DCG) has grown volumes in its key brands in the first nine months of the year, but has warned over the impact of rising input prices. Plus Tate & Lyle has upgraded earnings expectations after a strong third quarter, Pernod Ricard grows underlying sales and all the rest of this morning’s news from the City.
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NewsMedia Bites 9 Feb: Waitrose, Asda, Aldi
Waitrose is planning to close six stores and remove a level of management in its supermarkets, putting 600 jobs at risk.
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NewsCity snapshot: Cost-cutting helps boost earnings for Carlsberg
Carlsberg has posted full-year organic operating profit growth of 5% despite a fall in sales volumes as the early benefits from its cost-cutting programme boosted earnings
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NewsMedia Bites 8 Feb: Co-op, Aldi, Booker
“Co-op’s future in doubt as ‘saviour’ heads for exit” is the headline in The Times (£) over the shock departure of Co-op boss Richard Pennycook.
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NewsGlanbia makes two international nutrition acquisitions
Irish nutrition group Glanbia has announced two acquisitions this morning totalling €181m as it looks to grow its international footprint.
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NewsMedia Bites 6 Feb: Amazon, Tesco/Booker, Business rates
Amazon has begun searching for high street locations in prime areas of central London ahead of the potential launch of a checkout-free grocery chain later this year.
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NewsSayers reports sales decline amid 'challenging year'
North West bakery chain Sayers slipped to a loss last year after it said Brexit had shaken consumer confidence
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NewsLoss of Sainsbury's salmon strips £90m from Young's sales
Young’s Seafood annual sales dropped by almost £90m in the year to 30 September 2016
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NewsReckitt Benckiser in £13.2bn takeover talks with Mead Johnson
Reckitt Benckiser is locked in talks over a multi-billion dollar deal to buy US child nutrition firm Mead Johnson
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NewsCity snapshot: Reckitt Benckiser in £13.2bn takeover talks with Mead Johnson
Reckitt Benckiser has this morning confirmed media reports it is in talks to buy US child nutrition firm Mead Johnson
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NewsMedia Bites 2 Feb: Tesco/Booker, Reckitt Benckiser, Heineken
Tesco could be forced to dispose of more than 600 stores unless it can convince regulators that its £3.9bn merger with Booker will not harm competition.
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NewsGreencore posts double-digit festive sales jump amid booming convenience sales
Greencore’s sales jumped 17.1% in the 13 weeks to 30 December as US expansion and continued growth of its food-to-go business boosted sales.
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News
Pepsi Max and 7UP growth boosts Britvic’s first quarter
Britvic has reported first quarter revenue of £351m, an increase of 4.3% on the previous year, driven by increased UK sales of carbonated drinks as its still drinks struggled.
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NewsCity snapshot: Profits up at Ocado but international expansion remains elusive
Ocado has posted a 21.8% jump in annual pre-tax profits before exceptional items, but has given no update on its long-awaited international expansion efforts. Plus all the rest of this morning’s news from the City
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NewsMedia Bites 31 Jan: Sainsbury's/Morrisons, Tesco/Booker, Conviviality
A merger between J Sainsbury and Wm Morrison could be triggered by the proposed £3.9 billion tie-up between Tesco and Booker, Bank of America Merrill Lynch has suggested.
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NewsCity snapshot: First half revenues treble at Conviviality after Matthew Clark buyout
Bargain Booze owner Convivality (CVR) has posted a 211% jump in first half revenues after its transformative acquisition of Matthew Clark. Plus Us Customs gives PureCircle the green light on held shipment and all the rest of this morning’s news from the City.
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NewsMedia Bites 30 Jan: Tesco/Booker, Punch Taverns, Imperial Brands
The UK competition regulator is coming under mounting pressure to intervene in Tesco’s planned £3.9bn takeover of Booker.