All articles by Alec Mattinson – Page 49
-
NewsUnited Biscuits sales drop amid ‘unprecedented’ year
The UK’s biggest biscuit maker United Biscuits suffered a drop in sales and profits last year due to “unprecedented challenges” in the category
-
NewsCity News: B&M shares plummet on sales and profits downturn
B&M was a clear winner from the pandemic as its stores stayed open through lockdowns, but the City sent its shares down by double digits on Tuesday amid concerns over changing leadership and a downturn in sale and profits
-
NewsMedia Bites 1 June: Unilever, B&M, Brewdog
The appointment of the Trian Fund Management founder has heightened expectations of a drastic overhaul at Unilever
-
NewsIllycaffè sales rebound to pre-pandemic levels as out of home consumption returns
Italian coffee giant Illycaffè posted consolidated revenue for 2021 of €500m, a 17.4% increase compared to 2020
-
NewsOils specialist KTC acquired by private equity player Endless
Oils and canned produce specialist KTC Edibles has been acquired by UK private equity player Endless following a process first revealed by The Grocer
-
NewsCity snapshot: B&M names Alex Russo as new boss as sales fall back
B&M Bargains owner B&M European Value Retail has named current CFO and former Asda exec Alex Russo as CEO when current boss Simon Arora steps down as its annual results show an accelerating drop in sales. Plus, Unilever appoints activist investor Nelson Peltz to its board and all the rest of the latest news from the City.
-
NewsBel UK eyes plant-based growth with Mont Blanc-Materne acquisition
The Babybel and Boursin producer has acquired the fruit-based healthy snacking business as part of a drive to become more fruit and plant-based
-
NewsMedia Bites 30 May: Boots, Just Eat Takeaway, Sainsbury’s
India’s Reliance Industries and Apollo, the private equity firm, have become the frontrunners to buy Boots after the Issa brothers indicated that they were not prepared to pay the asking price
-
NewsCity News: Premier Foods shares surge on beefed-up dividend and boosted profits
The Bisto and Paxo owner’s trading profits for the year to 2 April of £148.3m beat expectations
-
NewsMindful Chef reports surge in growth amid healthy diet boom
Surging grocery growth and expansion into ready meals saw meal kit player Mindful Chef maintain strong growth last year on top of a record-breaking 2020
-
NewsCity snapshot: UK retail sales rebound in April on grocery growth
UK retail sales recording a surprise bounce in April, growing 1.4% as higher spending on fuel, alcohol and tobacco booster overall figures
-
NewsCity snapshot: Fever-Tree makes ‘sold’ start to 2022 despite cost pressures
Fever-Tree has said it has made a “solid” start to its financial year, trading in-line with expectations despite logistics disruption and inflationary pressures.
-
NewsMedia Bites 18 May: Walmart, Britvic, Morrisons
Walmart shares endured their biggest fall in 35 years yesterday after costs and surging inflation in the retailer’s first quarter prompted it to cut full-year earnings guidance
-
NewsMorrisons rescue deal for McColl’s priced at £190m
Morrisons has committed a total of £190.1m to rescue convenience chain McColl’s, administrator’s documents have revealed
-
NewsCity snapshot: Out-of-home rebound boosts Britvic’s sales and profits
Britvic has posted a double digit rise in sales and profits as both in and out-of-home channels grew and immediate consumption bounced back to pre-Covid levels. Plus results from C&C Group and Imperial Brands.
-
NewsMcDonald’s to exit Russia with sale of business
Global fast food giant McDonald’s has announced it will cease all operations in Russia after 30 years in the country due to its invasion of Ukraine
-
NewsMedia Bites 16 May: Boots, HFSS, Tesco
The bid battle for Boots is expected to stretch into the next month at least after the three remaining suitors requested more information on recent trading
-
NewsCompass Group is ‘a stock you have to own’ as new business opportunities open up
Compass Group shares were hammered during the pandemic, but the catering giant was back on the front foot this week
-
NewsUK food and drink exports show patchy signs of recovery
Exports of food and drink from Scotland, Wales and north east England have enjoyed a strong recovery according to new figures from the Food & Drink Federation, but the picture is mixed
-
NewsGreencore names former Morrisons boss Dalton Philips as new CEO
Philips will replace outgoing CEO Patrick Coveney