All articles by Alec Mattinson – Page 3
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NewsCity News: Diageo boss ‘fighting for job’ as share price plunges again
Another weak market update and share price plunge this week will have left the beleaguered new CEO of Diageo Debra Crew “fighting to keep her job”, according to analysts
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NewsCity snapshot: Ocado raises £700m to refinance debt
Ocado has raised £450m in an upsized bond offering to refinance debt along with a separate £250m bond issuance
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NewsCity snapshot: AB InBev improves profits but volumes fall back
AB InBev has posted a rise in underlying profits in its second quarter, but sales volumes went backwards in the period as beer sales fell
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NewsMedia Bites 31 July: Diageo, Greggs, McDonald’s
The head of Diageo has warned that consumers are facing an “extraordinary environment”, as one of the world’s biggest drinks makers reported its first global drop in sales since 2020
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NewsCity snapshot: Diageo posts organic sales and profit declines amid Americas weakness
Spirits giant Diageo has posted a decline in organic sales and profits as a heavy sales fall in Latin American and the Caribbean hit annual performance
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NewsMedia Bites 29 July: Iceland, Ocado/M&S, Boots
Iceland made a record profit last year after the frozen-food chain’s energy bills fell and customers tucked into its £1 value range
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NewsFalling oil prices dampen KTC Edibles sales
Oils and canned produce specialist KTC Edibles saw a drop in sales and profitability last year amid a share drop in commodity prices following spikes in 2022
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NewsCity News: Rollercoaster week as Ocado shares rebound on earnings upgrade
It’s been another rollercoaster week in the life of Ocado, as the under-fire online supermarket suffered a share price plunge on Monday on a broker downgrade – only to bounce straight back the next day on an earnings upgrade
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NewsTate & Lyle profits surge after weak sugar beet harvests
Tate & Lyle Sugars enjoyed a huge jump in sales and profits last year as the cane sugar refiner benefited from weak European sugar beet harvests.
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NewsCity snapshot: Retail sales slide in June amid poor weather
UK retail sales volumes fell back in June, according to official figures, to take industry sales into decline for the second quarter
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NewsMedia Bites 19 July: Pret a Manger, business rates, loyalty cards
Pret a Manger is axing its subscription offering members “free drinks”, almost four years after the deal launched in the UK
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NewsCity snapshot: Premier Foods first quarter sales rise on branded volume growth
Premier Foods has posted a 5.3% rise in first quarter sales, boosted by volume growth and market share gains across its branded portfolio
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NewsMedia Bites 17 July: Ocado, grocery market share, B&M
Ocado is still committed to its London listing even after it was relegated from the FTSE 100 earlier this year, its boss has said
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NewsCity snapshot: Global shift to online grocery resumes as Ocado cuts losses
Online grocer Ocado has almost halved its first-half losses amid a double-digit increase in revenues as the ‘global channel shift to online has now resumed’
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NewsMedia Bites 15 July: Unilever, Tesco, Hotel Chocolat
Unilever is planning to cut up to 3,200 office jobs in Europe as its new chief executive presses ahead with drastic restructuring
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NewsCity news: SSP Group shares boosted by positive momentum
SSP Group shares received a double-digit boost this week after its third quarter trading was boosted by fewer railway strikes in the UK and improved consumer sentiment.
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NewsNoble Foods delivers rise in core profits
Happy Eggs producer Noble Foods Group saw headline losses increase last year, but sales and underlying profitability improved despite “challenging” conditions
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NewsCity snapshot: Activist investor Oasis Management ups stake in Greencore
Activist investor Oasis Management has become Greencore’s largest shareholder, a report in the Financial Times notes, adding pressure on the group to accelerate turnaround plans
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NewsMedia Bites 12 July: Poundland/Pepco, Greencore, UK economy
Poundland owner Pepco said sales were hit as disruption in the Red Sea delayed its summer stock getting to stores
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NewsCity snapshot: Poundland like-for-like sales decline on supply chain issues
Poundland owner Pepco Group has posted a drop in like-for-like sales in its third quarter, amid a sharp drop in organic sales at Poundland