All articles by Alec Mattinson – Page 54
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NewsCity News: MP Evans profits surge on soaring prices
Surging commodity prices are not bad news for all food industry players, as UK-listed palm oil producer MP Evans proved this week with soaring annual profits
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NewsCity snapshot: UK retail sales unexpectedly fall in February
UK retail sales fell back unexpectedly in February as increased eating out hit the grocery sector and online sales fell back
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NewsMcColl’s CEO Jonathan Miller steps down amid crisis talks
The convenience chain remains locked in talks with its lenders to avoid collapse
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NewsCity snapshot: McColl’s CEO Jonathan Miller steps down amid crisis talks
McColl’s CEO Jonathan Miller has stepped down from his role as the convenience chain remains locked in talks with its lenders to avoid collapse
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Comment & OpinionRishi Sunak’s tax tweaks cannot stem the inevitable rise in food poverty
While the Chancellor will hope his tax-cutting pledges dominate the headlines, the reality is rocketing inflation will cause the biggest drop in UK living standards since records began
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NewsMedia Bites 23 March: McColl’s, Petrol prices, THG
Morrisons has drafted in City advisers as it considers how to contend with the financial struggles of its convenience store partner McColl’s
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NewsSurging palm oil prices boost profits at MP Evans
Palm oil producer MP Evans has posted a surge in profits in 2021 as the palm oil sector went “from strength to strength” amid spiralling prices
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NewsCity snapshot: THG names former ITV boss Charles Allen as chairman
THG has appointed former ITV and Compass Group CEO Charles Allen as its new independent non-exec chair. Plus, palm oil producer MP Evans sees profits surge on soaring prices and all the rest of the latest news from the City
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NewsMedia Bites 21 March: Boots, Lottery, Burger King
Suitors for Boots are to begin meeting with the high street chemist’s management this week as owner Walgreens pushes ahead with a planned £7bn sale
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NewsCity snapshot: Lindt & Sprüngli CEO to step down
Lindt & Sprüngli has announced Dieter Weisskopf will step down from his current position as group CEO towards the end of the year due to retirement.
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NewsCity snapshot: Ocado retail sales slow as shoppers return to pre-pandemic habits
Retail revenues at Ocado slowed by 5.7% in the first quarter of its financial year as shopping habits returned backed towards pre-pandemic levels. Plus, Deliveroo losses top £300m as it invests in growth and all the latest news from the City.
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NewsChocolate startup brings in confectionery heavyweight following Dragons’ investment
Purveyors of hand-made fresh filled chocolates Russell & Atwell have attracted £90k of investment on BBC’s Dragons’ Den and brought in an industry heavy hitter to scale up the business
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NewsMedia Bites 16 March: Lottery, Imperial Brands, Petrol prices
A need to “rekindle” the National Lottery follows a decade of criticism aimed at Camelot
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NewsCity snapshot: Camelot set to lose lottery licence as Gambling Commission picks Czech player Allwyn
Camelot is set to lose its licence to run the National Lottery for the first time since its launch in 1994. Plus, Imperial Brands in discussions to dispose of Russian business, Ocado signs Polish supply deal with Auchan, Virgin Wines interims and the rest of the latest news from the City
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NewsMedia Bites 14 March: Inflation/Food shortages, Morrisons, Ocado
A leading food industry boss has warned that prices will spike by as much as 15% as a result of the war in Ukraine
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NewsCity News: Greggs reports record sales but looming price rises spook investors
The tills started ringing once again last year at food-to-go stalwart Greggs, but investors wary of soaring inflation
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Analysis & FeaturesHMRC in new Jaffa Cake VAT row with cake and flapjack brand DuelFuel
Founder Tim Davies says ruling will close his cake startup
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NewsCity snapshot: Parsley Box raises £5.9m after share price collapse
Baby boomer meals specialist Parsley Box has raised £5.9m through a new share placing to boost growth, with a further £1.1m targeted through an open offer after its share price has collapsed
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NewsMedia Bites 11 March: John Lewis Partnership, Marks & Spencer, Inflation
John Lewis has restored its partnership bonus and awarded staff 3% of their salary after headline profits recovered
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NewsCity snapshot: John Lewis restores staff bonus on profits rebound
The John Lewis Partnership has restored its staff bonus as a strong rebound in sales at both John Lewis and Waitrose boosted profits.