All articles by Alec Mattinson – Page 25
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NewsCity snapshot: McBride ups guidance after strong end to the year
Shares in household goods manufacturer McBride have jumped this morning after it confirmed it had moved back into profitability in the current financial year
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NewsCity Snapshot: Domino’s Pizza Group brings in new CEO
Domino’s Pizza Group has announced the the appointment of Andrew Rennie as its new CEO. Plus trading updates from Pepco and C&C Group
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NewsMedia Bites 12 July: Battery eggs, shoplifting, John Lewis
Battery eggs should not be sold in the UK as part of post-Brexit trade deals, animal welfare groups said
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NewsCity snapshot: Warm weather boosts June retail sales
The hottest June on record boosted UK retail sales last month, according to the BRC-KPMG Retail sales monitor, though sales growth continues to significantly lag inflation
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NewsMedia Bites 10 July: M&S/Ocado, Iceland, Sainsbury’s
M&S looks to refresh its ailing Ocado deal, with an Ocado Retail “reset” under way
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NewsCity News: Tepid market reaction despite Sainsbury’s strong Q1 results
Sainsbury’s posted stronger than expected Q1 sales this week as grocery sales returned to volume growth, but the share price reaction was tepid due to fears of a slowdown
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NewsFuel10K sales soar as range expands
High-protein breakfast brand Fuel10K has posted huge growth to hit annual sales of £18.5m.
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NewsNaked Wines shares crash as it warns of revenues shortfall
Naked Wines shares crashed this week after a delay to its annual results, a warning on sales and the replacement of its chairman with founder Rowan Gormley
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NewsCity snapshot: Coca-Cola HBC upgrades earnings forecast on strong start to summer
European Coke bottler Coca-Cola HBC has hiked its 2023 earnings expectations after a stronger than anticipated close to the first half of the year
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NewsMedia Bites 7 July: Petrol pricing, Sainsbury’s, tax-free shopping
The governor of the Bank of England has accused retailers of putting further strain on households by overcharging consumers on petrol
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NewsCity snapshot: Virgin Wines signs strategic partnership with WH Smith
Online wines supplier Virgin Wines has agreed a new strategic partnership with WH Smith to supply its travel stores.
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NewsMedia Bites 5 July: Sainsbury’s, Morrisons, M&S
Food inflation is starting to fall but will not return to levels seen before the start of the cost of living crisis, the boss of Sainsbury’s has warned
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NewsCity snapshot: Return to grocery volume growth boosts Sainsbury’s sales
Sainsbury’s has posted first quarter like-for-like growth of 9.8% as pricing and a return to grocery volume growth boosted revenues.
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NewsMedia Bites 3 July: Tesco, M&S, Sainsbury’s
Tesco has drafted in City heavyweight Gerry Murphy as its next chair to replace John Allan
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NewsWalgreens Boots Alliance shares slump on slashed forecasts
The group slashed its full-year guidance due to performance being hit by a slowdown of pharmacy sales post-Covid
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NewsVibrant Foods undertakes refinancing after heavy losses
World foods specialist Vibrant Foods has undertaken a multimillion-pound refinancing after ’operational challenges’ resulted in the group falling to significant losses.
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NewsCity snapshot: Fitch affirms Tesco’s investment grade debt rating
Fitch Ratings has affirmed Tesco’s investment grade debt rating, citing its ‘strong market position in a highly competitive core UK market’.
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NewsMedia Bites 30 June: B&M, WH Smith, artificial sweeteners
Discounter B&M European Value Retail has reported “strong profitable trading momentum” as it continues to benefit from shoppers seeking out bargains in the cost of living crisis
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NewsCity snapshot: B&M UK first quarter sales up 9.2% on grocery and home growth
B&M Bargain’s owner B&M European Value Retail has posted double-digit first quarter growth driven by strong like-for-like growth in the UK
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NewsMedia Bites 28 June: Supermarket inflation, Boots, Diageo
Britain’s biggest supermarkets have rejected accusations from MPs that the industry is behaving like ‘a cartel’ and is fuelling inflation by profiteering from soaring food prices