All articles by Alec Mattinson – Page 30
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NewsCity snapshot: SSP expands in North America with Midfield acquisition
Travel food retail specialist SSP Group has grown its business in North America with the acquisition of the concessions business of Midfield Concession Enterprise. Plus trading updates from Virgin Wines and Domino’s Pizza Group
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NewsMedia Bites 4 May: Unilever, food inflation, Haleon
Shareholders have staged a revolt against Unilever’s pay for bosses over concerns about excessive rewards
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NewsMcCain and NatWest offer funding for sustainable farming
The initiative aims to reduce financial barrers for potato farmers transitioning to sustainable agricultural practices
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NewsKraft Heinz raises earnings expectations following price hikes
Price hikes have driven strong growth in first-quarter sales and helped to expand margins
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NewsBlack Sheep Brewery poised to enter administration
The Yorkshire brewer Black Sheep has issued a notice to appoint administrators after failing to find new funding
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NewsCity snapshot: Grocery sales growth falls back despite bumper Easter
Grocery sales growth fell in April as sales volumes dropped, despite a strong Easter with £3.1bn spent at the tills
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NewsMedia Bites 3 May: THG, Starbucks, Ocado
A former chief executive of Coty has been drafted in to help Apollo Global Management draw up a firm offer for THG
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NewsCity snapshot: Food inflation hits new high but pricing predicted to ease
Food inflation reached another record high in April but the rate of price inflation may have peaked
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NewsMedia Bites 2 May: John Lewis Partnership, grocery inflation, THG
John Lewis is slashing the size of its central London headquarters by more than half, after thousands of staff left their desks to work from home
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NewsSainsbury’s beats market expectations but pledges continued price investment
Sainsbury’s annual profits beat market expectations and its outlook was rosier than City watchers had feared. However, shares fell on Thursday as the supermarket warned it would continue to invest in price to maintain market share.
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NewsCoffee logs supplier Bio-Bean collapses following on-site fire
The supplier, which makes fuel from recycled coffee grounds, appointed KRE Corporate Recovery as administrator this month
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NewsCity snapshot: UK vacancy rate stabilises amid retailer caution
The UK retail vacancy rate ended five quarters of post-Covid improvement in the first three months of 2023, remaining at 13.8% amid widespread caution in the retail sector.
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NewsCity snapshot: Sainsbury’s profits slide as retail margins contract
Sainsbury’s has reported lower annual profits despite an inflation-driven 5.3% in sales. Plus trading updates from Unilever, Carlsberg, Hotel Chocolat and more
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NewsGrosvenor increases food technology investments
Global property group Grosvenor increased its investment into food and agriculture firms last year, despite the macro-economic headwinds facing the sector
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NewsCoke bottler CCEP to continue raising prices despite easing inflation
Coca-Cola Europacific Partners has said it will continue to take action on pricing in 2023 despite double-digit price increases in the first quarter
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NewsMedia Bites 26 April: Nestlé, British American Tobacco, Ocado
Nestlé raised prices at close to the fastest pace in more than three decades last quarter but lost only a small amount of volume
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NewsCity snapshot: Nestlé first quarter volumes slip back as price hikes near 10%
Nestlé has reported organic growth of over 9% despite a dip in sales volumes. Plus ABF margins hit by cost inflation, Ocado to shut CFC, trading improves at McBride and all the rest of the latest news from the City
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NewsNew data-based consultancy launched for fmcg startups
Two former PepsiCo executives have launched a new consultancy firm looking to support growth food and drink players with data insights
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NewsMedia Bites 24 April: Unilever, Sainsbury’s, Itsu, THG
Backers of consumer goods company Unilever have demanded further sell-offs
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NewsHuel suffers £10m loss despite sales growth
Losses topped £10m at meal replacement brand Huel last year despite surging sales growth