All articles by Alec Mattinson – Page 18
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NewsCity News: Marks & Spencer hails massive growth but keeps forecast cautious
Marks & Spencer “blew the bloody doors off” with its first half results, enthused one analyst, but the strong outperformance didn’t lead to upgraded forecasts
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NewsTetley owner profits hit by soaring costs
The group delivered a 7% rise in annual revenues to £140.5m in the year to 31 March 2023, with growth across its key markets of the UK, Canada and Australia
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NewsInternational growth boosts sales but hits Butternut Box profits
Fast-growing fresh online dogfood operator Butternut Box almost doubled sales last year thanks to international expansion, but losses reached almost £25m as it continued to plough cash into growth
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NewsCity snapshot: Diageo warns over Latin America and Caribbean slowdown
Diageo has issued an unscheduled trading update, warning of weaker than expected performance in its Latin America and Caribbean business
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NewsMedia Bites 10 November: Booths, fuel prices, WH Smith
Booths has become the first in the UK to go back to fully-staffed checkouts, axing almost all its self-service tills
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NewsCity snapshot: B&M posts double digit sales and profit growth
B&M Bargains owner B&M European Value Retail has posted a double-digit hike to sales and profits in the first half as organic growth and new store openings boosted performance. Plus updates from WH Smith, Tate & Lyle, Domino’s Pizza Group, Henkel and Chapel Down
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NewsMedia Bites 9 November: Marks & Spencer, Nestlé, Lidl
The lengthy turnaround of Marks & Spencer has begun to pay dividends with the retailer confirming its first shareholder payout in almost four years alongside a ’massive beat’ in its first-half profits
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NewsWine merchants Goedhuis & Co and Waddesdon Wine merge
Wine merchants Goedhuis & Co and Rothschild-backed Waddesdon Wine have agreed a merger to form a “formidable” combined player in the wine industry
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NewsCity snapshot: M&S profits jump as food sales soar
Marks & Spencer’s pre-tax profits before adjustments jumped 75% in the first half of the year as it benefited from strong food sales and better than expected consumer sentiment
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NewsMedia Bites 8 November: Food price inflation, ABF, Naked Wines
Food price inflation has dropped to single digits for the first time in a year and a half, as the cost of living crisis eases slightly
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NewsCity snapshot: Grocery price inflation falls to single digits for the first time in 16 months
Grocery price inflation hit single digits for the first time in 16 months in October as overall grocery growth continues to be driven by higher pricing. Plus Naked Wines issues profits warning as CEO departs and updates from ABF and Hilton Food Group
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NewsMedia Bites 7 November: Retail spending, Unilever, recycling
Source: GettyImages Growth in UK retail and consumer spending slowed last month to rates well below inflation, according to sector data that points to households cutting purchases ahead of the busiest shopping season of the year (Financial Times £). Retail sales slowed last month as people eased ...
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NewsCity snapshot: Kitwave CEO to step down as ‘positive momentum’ continues
Listed wholesaler Kitwave Group has announced its CEO Paul Young will retire at the company’s AGM in March 2024
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NewsMedia Bites 6 November: Grocery inflation, Klarna, Marks & Spencer
Supermarket bosses have said they do not expect food prices to fall next year, adding to evidence that inflation will persist through 2024
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NewsCity news: Sainsbury’s shares buoyed by market share gains
Sainsbury’s shares were buoyed this week by a higher than expected earnings projections as market share gains boosted sales in its first half results
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Analysis & FeaturesHow Britain’s 150 biggest food and drink suppliers are faring
Big or small, own-label or branded, the UK’s food and drink suppliers are struggling to balance cost inflation recovery with volume and share, finds the OC&C 150 report
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NewsCity snapshot: Retail footfall slides as wet weather hits UK
UK retail footfall fell back in October as wet weather and the ongoing cost of living squeeze hit shopper numbers
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NewsCity snapshot: Sainsbury’s ups profit guidance following market share gains
Sainsbury’s has said it expects to hit the upper end of previous profit guidance after making strong market share gains in the first half as it put food “firmly at the heart” of the business
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NewsMedia Bites 1 November: Carlsberg, AB InBev, Marks & Spencer
Carlsberg’s chief executive has warned of weak consumer sentiment and denounced Moscow’s seizure of its Russian subsidiary
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NewsCity Snapshot: Shop price inflation falls to 14 month low
Shop price annual inflation has eased to its lowest level since August 2022, falling to 5.2% in October from 6.2% in September. Plus trading updates from AB InBev, Carlsberg and Coca-Cola HBC.