All articles by Alec Mattinson – Page 2
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News
Media Bites 4 March: Ocado/M&S, Asda, chocolate prices
Are Ocado and M&S running out of road, asks The Times. M&S and Ocado could be heading for dispute over the terms of their JV
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News
City News: Reckitt Benckiser shares slump after ‘unsatisfactory’ results
Consumer goods giant Reckitt Benckiser saw its share slump this week as its 2023 sales underperformed City expectations following an “unsatisfactory” fourth quarter.
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Analysis and Features
When will the price be right to get deal volumes moving?
Newlat’s exit from Princes takeover talks reflects a market in which deals are not getting done. What’s stalling activity, and will it pick up?
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News
City snapshot: Wincanton recommends new £762m offer from GXO
The board of British logistics giant Wincanton have recommended shareholders accept the new offer £764m from GXO after the US business gazumped French rival Ceva
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News
City snapshot: Ocado remains in the red despite revenue rise
Ocado posted a £394m annual loss last year, despite a 9.9% rise in revenues as the cost of technology and rolling out its operations internationally continue to weigh on its bottom line
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News
Media Bites 28 February: Grocery market share, M&S, Beyond Meat
Grocery price inflation in the UK has slowed to a two-year low as fierce competition among supermarkets offset the impact of the Red Sea shipping crisis on goods prices
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News
City snapshot: Grocery price inflation falls to two-year low
Grocery price inflation has fallen to its lowest level since March 2022, according to new data from Kantar, as promotions accelerated supermarkets continue to focus on price
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News
Media Bites 26 February: M&S/Ocado, discounters, The Body Shop
Marks & Spencer is withholding a multimillion-pound payment to Ocado Group after their grocery delivery venture missed key performance targets
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News
City News: Nestlé shares suffer as inflation knocks consumer demand
Nestlé shares suffered this week after it posted weaker than expected sales amid a drop in volumes, as inflation hit demand
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News
Halewood sees £33m revenue decline as it refocuses spirits portfolio
Premium drinks player Halewood Artisanal Spirits saw annual losses grow to over £20m amid a refocus on its core UK branded portfolio and the shedding of low-margin products.
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News
Newlat puts blame on ‘challenging market’ as it exits Princes deal
Newlat was in advanced discussions to buy Princes and understood to be in a two-way fight with UK private equity firm Epiris
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News
City snapshot: CCEP posts annual growth of 8% despite dip in sales volumes
Coca-Cola Europacific Partners has posted annual constant currency growth of 8% despite a dip in overall sales volumes
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News
Media Bites 23 February: Diageo/Pimms, Nestlé, Danone
Diageo, the FTSE-100 alcoholic beverages giant, is exploring the sale of a trio of non-core brands including Pimm’s
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News
City snapshot: Nestlé sales volumes fall back as price inflation hits demand
Nestlé has posted a drop in annual sales volumes as “unprecedented inflation” hit consumer demand for its food and beverage products. Plus results from Danone and an acqusition from CCH
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News
Media Bites 21 February: The Body Shop, Baby formula, Tesco
The Body Shop is to close almost half of its 198 shops in the UK and will significantly reduce staffing levels at its head office, leading to hundreds of job losses
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News
Arla Foods UK returns to branded growth as price inflation eases
Arla Foods UK said it returned to “strong” branded growth in the second half of 2023 as the commodities-driven inflation of 2022 eased
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News
City snapshot: CMA launches market study into infant formula
The UK’s Competition and Markets Authority has today launched a market study into the supply of infant formula in the UK after finding prices had soared by 25% over two years
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News
Media Bites 19 February: Morrisons, retail sales, Asda
The boss of Morrisons has stepped up the supermarket’s price war with Aldi and Lidl to win back customers
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News
City News: Heineken flounders as beer volumes fall globally
Heineken issued a sobering forecast for 2024 this week as it struggles against falling beer volumes and double-digit price increases
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News
City snapshot: UK retail sales bounce back as food stores return to growth
Retail sales volumes bounced back into stronger than expected growth in January following record falls in December, boosted by a recovery in food sales volumes