All articles by Alec Mattinson – Page 192
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NewsMedia Bites 28 Jan: ABInBev/SABMiller, Britvic, Scotch whisky
A delay in the regulatory approval process in Africa threatens AB InBev’s merger with SABMiller, writes The Times.
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NewsP&G sees 2% global organic sales rise in second quarter
P&G Procter & Gamble has returned to quarterly organic sales growth, revealing a 2% rise
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NewsPZ Cussons shares plunge on emerging markets struggles
Shares in consumer goods manufacturer PZ Cussons fell almost 10% today after the company revealed its first half trading was hit by volatile conditions in emerging markets.
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NewsConvenience sales drive Greencore Q1 revenues 7.2% higher
The group recorded revenue of £356m – 7.2% up on a reported basis and 6.8% ahead in constant currency
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NewsMedia Bites 26 Jan: Tesco, Fever Tree, Sainsbury's
Tesco faces more problems today as The Guardian wries that it will be reprimanded over its treatment of suppliers.
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NewsFever-Tree shares surge on strong growth and earnings upgrade
Shares in Fever-Tree have leapt 7% in morning trading after it reported booming sales over the second half of the year resulting in a full year earnings that are “comfortably ahead of expectations”.
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NewsHedge fund teams up with Gudmundssons to acquire 89% Bakkavor stake
US hedge fund The Baupost Group has joined with brothers Agust and Lydur Gudmundsson to buy up 89% of Bakkavor for £163m
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Analysis & FeaturesOcado shares boosted by rumours of a link-up with Amazon
Ocado shares were up almost 20% to over 290p after rumours emerged that Amazon was mulling an approach to the company
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NewsGeneral Mills UK profit rises as it closes Berwick site
General Mills has released accounts showing profits more than doubled in the UK last year
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NewsCity snapshot: “Solid” third quarter trading for Premier Foods
Premier Foods recorded group sales growth of 0.1% in the 13 weeks ended 2 January
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NewsMedia Bites: WH Smith, Asda, The Co-op
After a day of turmoil on the global stock markets, WH Smith offered a rare glimpse of cheer as it comfortably beat the market’s Christmas sales expectations.
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NewsEuropean and UK sales boom drives 32% growth at Pukka Herbs
Bristol-based tea-market Pukka Herbs has racked up another year of rapid revenue growth as revenues rose 32% on strong European and domestic sales.
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NewsFood waste firm Winnow raises $3.3m to drive expansion
The London-based food waste tech firm backed by Hugh Fearnley-Whittingstall has raised $3.3m in a fundraising round supported by Mustard Seed and D-Ax
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NewsProgress remains slow for European grocers over supplier income transparency
A lack of consensus among the UK’s large food retailers is hampering efforts to increase disclosure of supplier incomes, according to a new report from Moody’s.
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NewsCity snapshot: Unilever reports 4.1% underlying annual sales growth
Unilever has reported a year of strong growth, with underlying sales growth of 4.1% and overall turnover up by 10% to €53.3bn
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NewsGeneral Mills to close Berwick bakery factory
Green Giant and Häagen-Dazs manufacturer General Mills UK is to close its Berwick bakery factor following a review of the business, affecting 265 jobs.
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NewsCity snapshot: High street traffic slumps 4% over Christmas
UK footfall was down 2.2% year on year in December, with traffic on UK high streets slumping by 4%
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NewsMedia Bites 18 Jan: Argos, Waitrose, Tesco
The boss of Argos described a takeover bid from Sainsbury’s as “opportunistic” this weekend, and said his attempt to turn around the high street catalogue retailer was “not finished by a long shot”.
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NewsJapan Tobacco secures deal for Reynolds' Natural American Spirit brand
Japan Tobacco has announced the acquisition of the Natural American Spirit tobacco brand outside the United States from Reynolds American.
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NewsMedia Bites 14 Jan: Sainsbury's, Argos, Homebase
Sainsbury’s bid for Home Retail Group (or Argos to be more precise) continues to dominate the business news in this morning’s papers