All articles by Alec Mattinson – Page 22
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NewsUK food and drink insolvencies surge
The number of UK food and drink manufacturing companies entering insolvency has more than doubled over the past 12 months, according to research from management consultancy groups Inverto
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NewsMedia Bites 4 September: Tesco/Shop worker abuse, Wilko, Asda
Tesco’s chief executive has called for a change in the law to make abuse or violence towards retail workers an offence across the UK
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NewsCity News: Pernod Ricard shares slide on US and China slowdown
Pernod Ricard hailed a “very strong” annual performance as it recorded double-digit sales growth and expanded margin, but shares were hit by warnings of slowdowns in key markets of China and the US
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NewsItsu grocery sales to pass £50m thanks to NPD and new listings
Itsu’s grocery arm is on course to pass the £50m revenue mark this year after new listings and NPD drove a £10m-plus jump in third party sales
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NewsCity snapshot: Kris Licht to become Reckitt Benckiser CEO next month
Reckitt Benckiser has announced Kris Licht will take over from Nicandro Durante as CEO on 1 October
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NewsMedia Bites 1 September: Wilko, M&S, Reckitt Benckiser
The owner of HMV is finalising a deal to rescue the majority of Wilko’s operations, salvaging more than 8,000 jobs at the stricken high street retailer
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NewsCity snapshot: Pernod Ricard hails ‘very strong’ annual performance in ‘normalising environment’
Pernod Ricard has posted double-digit annual sales growth despite ‘volatile’ market conditions, while expanding its margins
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NewsMedia Bites 31 Aug: M&S, Wilko, Asda
Marks and Spencer is making a return to the FTSE 100 four years after it dropped out
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NewsMedia Bites 30 Aug: Wilko, Brexit border controls, Marks & Spencer
An Anglo-Canadian bidder for collapsed retailer Wilko has criticised administrators PwC, questioning whether the process was “fair and transparent”
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NewsCity snapshot: UK food inflation continues to decelerate
Annual shop price inflation dropped to 6.9% in August as food inflation continues to decelerate, albeit food price growth remains in double digits
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NewsCity News: Tesco boosted by market share gains and broker endorsement
Britain’s biggest grocer received a double boost this week
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NewsLily’s Kitchen sales build at home and abroad following Nestlé takeover
Premium petfood player Lily’s Kitchen has continued to rapidly build sales following its April 2020 acquisition by Nestlé
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NewsHeineken takes €300m hit to exit Russia
Global brewer Heineken has completed its exit from Russia, incurring a total cumulative loss of €300m on the deal
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NewsCity snapshot: UK consumer confidence improves in August
UK consumer confidence continued to improve in August as falling inflation has boosted economic expectations
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NewsSubway agrees sale to PE group Roark Capital
Global quick service food chain Subway has agreed a sale to US private equity giant Roark Capital in a deal purported to be worth $9.6bn
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NewsCity snapshot: Majority of Wilko stores to close within a week, union warns
The GMB Union has warned its members that the majority of Wilko stores will close within a week after a purchase of the discount retailer fell through
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NewsExponent sells Meadow Foods stake to Fairfax Financial
Private equity player Exponent has sold a ‘significant’ stake in ingredients specialist Meadow Foods to investment group Fairfax Financial
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NewsMedia Bites 23 Aug: Marks & Spencer, Subway, Getir
Marks & Spencer could be promoted to the FTSE 100 after a four-year hiatus as its turnaround finally bears fruit
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NewsCity snapshot: Grocery sales growth slows to lowest level since January
Poor weather and persistent inflation hit volumes throughout July
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NewsMedia Bites 21 Aug: Wilko, Retail sales, Business rates
The boss of one of Britain’s biggest unions said there were “genuine grounds for hope” over the future of Wilko