All articles by Alec Mattinson – Page 23
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NewsM&S shares soar on news of market share growth
Marks & Spencer shares surged to a near four-year highs as its turnaround received a further boost this week
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NewsJamie Oliver's food empire sees strong sales rebound
Jamie Oliver’s food empire saw a strong rebound in sales and profits last year as it prepares to re-enter the UK restaurant space
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NewsCity snapshot: Wet weather dampens UK retail sales in July
UK retail sales fell back last month as wet weather and persistent inflation hit sales volumes
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NewsCity snapshot: Tyson Foods reportedly eyes China poultry exit
US meat giant Tyson Foods is reportedly exploring plans to sell off its China poultry business in the latest case of a multinational fmcg firm looking to sell key assets in the country
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NewsEG Group sells 63 US convenience stores to pay down debt
EG Group has agreed to sell 63 convenience stores to US convenience operator Casey’s to reduce its debt pile
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NewsKraft Heinz names Carlos Abrams-Rivera as CEO
The US food giant has announced current North American chief Carlos Abrams-Rivera will become its new CEO
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NewsMedia Bites 16 Aug: M&S, Asda, supermarket inflation
Marks and Spencer is on track to re-enter the FTSE 100 after the UK retailer upgraded its annual profit outlook thanks to robust sales
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NewsM&S hikes profit guidance following strong sales growth
Marks & Spencer has upgraded earnings expectations after a strong start to its new trading year
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NewsCity snapshot: Easing inflation drives grocery sales growth slowdown
UK grocery sales growth fell back sharply in July as price inflation continues to ease, according to the latest market share figures from Kantar
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NewsLotus Natural Foods sales jump 25% amid export growth
The UK snacking arm of Belgian group Lotus Bakeries saw sales jump 25% in the first half of 2023 as its brand continued to grow share in the UK and push into new markets
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NewsPip & Nut wins £1m backing from Greater London Investment Fund
Natural nut butter brand Pip & Nut has received a £1m funding boost to underpin NPD and further growth
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NewsCity snapshot: Clean Food Group completes £2.3m fundraise
UK biotech company Clean Food Group has announced it has raised £2.3m to fund the commercialisation of its oils and fats alternatives technology
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NewsMedia Bites 14 August: Unilever, Wilko, John Lewis Partnership
The new chief executive of Unilever has pledged to look at its decision to continue operating in Russia “with a fresh pair of eyes”
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NewsFood and drink M&A boosted by distressed deals and sunnier economic outlook
The quarterly food and drink M&A report from Grant Thornton found UK industry deal volumes rose for the third consecutive quarter in the three months to the end of June
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NewsCity News: Deliveroo shares jump on profits upgrade
Deliveroo shares were on the up on Thursday despite the takeaway giant cutting its growth forecast, as the City reacted approvingly to increased revenue from fewer customers
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NewsCity snapshot: Recession fears ease as UK GDP jumps 0.5% in June
UK GDP grew by an unexpectedly strong 0.5% in June to take overall growth for the second quarter to 0.2%
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NewsMedia Bites 11 August: Wilko, Deliveroo, Aldi
UK discount retailer Wilko has collapsed into administration after rescue talks with prospective suitors failed
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NewsCity snapshot: Deliveroo ups earnings guidance despite slowing growth
Deliveroo has upgraded its profit guidance for the year despite falling order numbers amid “challenging macroeconomic conditions”
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NewsMedia Bites 10 August: Orange juice, Wilko, CCH
Orange juice futures have hit a record high after hurricanes and disease devastated citrus crops in Florida, raising the prospect of rising soft drink prices
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NewsMedia Bites 9 August: Wilko, Beyond Meat, UK economy
A specialist investor in struggling retailers is exploring a bid to rescue Wilko