All articles by Alec Mattinson – Page 26
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NewsCity snapshot: Warm weather boosts grocery sales volumes in June
A June heatwave helped improve grocery volumes and saw sales edge upwards, according to new data from NIQ
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NewsMedia Bites 26 June: Inflation, Carlsberg, Hotel Chocolat
Supermarkets will be scrutinised this week for any sign they may be profiteering from rising prices
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NewsCity News: THG shares jump on back of ‘strong’ second quarter
THG shares jumped on Wednesday thanks to an expected boost to profitability and the removal of its founder’s block on any potential sale
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NewsWhole Foods Market sees UK losses rise to £26m
Newly filed accounts for UK trading arm Fresh & Wild showed operating losses rose 53%
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NewsCity snapshot: Warm weather boosts UK retail sales
UK retail sales continued to rise in May after bouncing back to growth in April as warm weather boosted the industry
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NewsCity snapshot: Packaging giant DS Smith reports soaring profits despite volume declines
FTSE 100 packaging giant DS Smith has reported a double-digit hike in profits despite falling volumes in key markets as e-commerce growth tailed off last year
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NewsAdamo Foods secures £1.5m funding to bring meat alternative steak to market
UK-based Adamo Foods has secured £1.5m in funding to develop meat alternatives products and bring them to market
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NewsOscar Mayer appoints new leadership following ownership change
UK ready meals supplier Oscar Mayer has hired a new leadership team following a change in ownership
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NewsMedia Bites 21 June: Grocery inflation, minimum wage, Ocado
The pace of grocery inflation has eased to its slowest monthly rate this year, according to industry data that backs hopes the worst may be over
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NewsGrocery price inflation eases to its lowest level since 2022
Like-for-like grocery price inflation has dropped to its lowest level since 2022 and now sits at 16.5%, according to the latest market share data from Kantar
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NewsTony’s Chocolonely nets £17m to drive global growth
The ethical confectionery maker has raised €20m (£17m) to accelerate its “mission of ending exploitation in the cocoa industry”
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NewsMedia Bites 19 June: Tesco, anti-obesity measures, McColl’s
The chief executive of Tesco has said food inflation has probably peaked but that prices are likely to stay high
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NewsOcado gets vote of confidence with ‘much better outlook’
Analysts at BNP Paribas Exane upgraded the online retail pioneer from ‘sell’ to ‘neutral’
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Analysis & FeaturesWhere startups find funding when investment dries up
Rising inflation rates and a cost of living crisis are scaring investors off food and drink challengers
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NewsCity snapshot: Tesco UK sales up 9% amid ‘encouraging’ signs on inflation
Tesco has grown its UK like-for-like sales by 9% in its first quarter as its CEO points to ‘encouraging early signs that inflation is starting to ease’
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NewsIndian coffee player plots UK retail push after acquisition
India’s largest instant coffee manufacturer is planning a push into the UK retail space after buying a collection of brands from Löfbergs Group
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NewsCity snapshot: Unilever buys US premium yoghurt brand Yasso
Unilever has announced it has agreed to buy US-based premium frozen Greek yoghurt brand Yasso
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NewsMedia Bites 14 June: Sainsbury’s/Asda, Yo! Sushi, Ocado
Sainsbury’s and Asda have been told to stop using ‘unlawful’ land agreements to prevent rival supermarkets from opening competing stores nearby
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NewsYo Sushi owner Snowfox Group sold for £495m to Japan’s Zensho
The Snowfox Group has been transformed from a small UK-based restaurant chain to an omnichannel, multinational sushi operation
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NewsPernod Ricard buys Canadian RTD player ABG for £100m
French spirits group Pernod Ricard has acquired a 90% stake in Canada’s largest ready-to-drink sector player at an enterprise value of CAD165m (£99m).