All articles by Alec Mattinson – Page 34
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NewsHousehold goods player McBride points to further price hikes as it cuts losses
Private label househole goods manufacturer McBride said it had delivered a first half performance in line with its business recovery plan, despite facing a further spike in costs in the period
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NewsGrocery inflation hits new 17.1% high as discounter growth soars
Grocery price inflation has soared to a new high of 17.1% as the discounters continue to rapidly take share from the major supermarkets
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NewsCity snapshot: Ocado shares slump as annual loss hits £500m
Ocado has posted a statutory loss of over £500m after a slowdown in its retail operations, sharply rising costs and one-off charges hit its bottom line. Plus, Kantar finds grocery inflation hits new high, profits and sales up and Kitwave and McBride posts first half recovery
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NewsMedia Bites 27 Feb: Fruit & veg shortages, Reckitt Benckiser, Waitrose
Shortages of some fresh fruit and vegetables such as tomatoes and cucumbers could be the ‘tip of the iceberg’, the National Farmers Union has said
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NewsCity News: Mixed feelings on Danone’s turnaround progress
Danone shareholders were boosted this week by better-than-expected end of year numbers, but debate remains over how far along the dairy giant is on the path to turnaround
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Analysis & FeaturesWhy it's so hard to prove profiteering and greedflation in food
Questions have been raised about the legitimacy of supplier price increases. But margins at major fmcg giants are almost universally in decline
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NewsFood and drink M&A activity edges up in Q4 as market shows ‘green shoots’
Food and drink deals ticked up in the fourth quarter of 2022, boosting hopes dealmaking will rebound in 2023 after economic turmoil effectively froze the market last year
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NewsCity snapshot: Price hikes mitigate sales volume drop at Nomad Foods
Frozen Foods specialist Nomad Foods grew sales to almost €3bn last year as acquisitions and price growth mitigated a fall in sales volumes
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NewsCity snapshot: Supermarket Income REIT sees portfolio valuation drop as interest rates bite
Listed supermarket property investor Supermarket Income REIT saw the valuation of its portfolio drop by double digits amid steeply climbing interest rates and wider economic slowdown
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NewsMedia Bites 22 Feb: Fruit & veg, Walmart, Finsbury Food Group
Asda and Morrisons are rationing fresh produce including tomatoes, cucumbers and peppers amid shortages caused by poor weather in Europe and north Africa
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NewsCity Snapshot: Finsbury Food Group ‘encouraged’ by double-digit first half growth
Finsbury Food Group has posted an ‘encouraging’ first half performance as pricing drove revenue growth and profits were flat as margins reduced due to cost inflation
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NewsPetcare group Paramount eyes IPO following acquisitions spree
The owner of Pet Brands and Vital Pet Group has mooted a potential IPO or major fundraise after a spate of acquisitions that move it closer to a £200m sales target
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NewsMedia Bites 20 February: Tesco, BrewDog, Morrisons, Planet Organic
Tesco is to kick off a review of its presence in the UK banking sector - a move that could lead to a sale of the business
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NewsCity News: Nestlé’s promise of improved profitability does little to reassure investors
Nestlé’s guidance towards improved profitability this year did little to ease investor concerns around a sharp underperformance of fourth quarter sales volumes, as well as the impact of ongoing price hikes
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NewsCity snapshot: Retail sales volumes bounce back in January
Retail sales volumes unexpectedly bounced back into growth in January as sales and promotions boosted shopper activity. Plus Costa Coffee names new CEO
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NewsCity snapshot: Nestlé targets margin improvement after cost inflation dents profitability
Nestlé has targeted margin improvement in 2023 despite ongoing cost inflation after soaring input costs dented profitability in 2022. Plus updates from CCEP, Pernod Ricard, Kerry Group and SSP Group
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NewsUK cultivated meat investments jump fivefold in 2022
Analysis of PitchBook data found UK cultivated meat companies enjoyed £61m of new funding in 2022
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NewsMedia Bites 15 February: Waitrose, Subway, Coca-Cola
Waitrose is to cut prices across hundreds of grocery staples as it battles to win back cash-strapped middle-class shoppers
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NewsCity snapshot: Price hikes drive sales and profit growth at Coca-Cola HBC
European Coke bottler Coca-Cola HBC has posted strong top-line and profit growth on double-digit price hikes and cost control
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NewsMedia Bites 13 February: Tesco/Apprenticeship Levy, Pub closures, Bestway/Sainsbury’s
Tesco’s chief executive has complained that thousands of staff are missing out on new training because of restrictions on the government’s Apprenticeship Levy fund