All articles by Alec Mattinson – Page 6
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NewsFox’s Burton’s makes return to profitability as branded sales soar
Biscuits giant Fox’s Burton’s returned to underlying profitability in its most recent financial period as it increased UK market share and export sales
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NewsTDR Capital becomes majority Asda owner by buying out Zuber Issa
TDR Capital has agreed to increase its stake in Asda to become majority owner after buying out the shares owned by Zuber Issa
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NewsCity snapshot: C&C Group CEO departs over historic accounting errors
Drinks supplier and distributer C&C Group has announced the departure of its CEO after posting delayed accounts due to the discovery of accounting errors
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NewsMedia Bites 7 June: Tesco/Booker, Fever-Tree, Unicef
A privately owned wines and spirits merchant has been sold to Tesco’s wholesale division for an undisclosed sum. Venus, the family business that owns the Gerry’s spirits shop in Soho, central London, has been bought by Booker as Tesco seeks to sell more premium beer, wines and ...
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NewsMeal kit startup WowzaBox raises cash as it eyes retail listings
Chinese food meal kit start-up Wowzabox has hit a £150k crowdfunding target as it eyes expanding into the retail channels
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NewsCity snapshot: Fever-Tree keeps on target as it gains market share
Fever-Tree has told investors it has continued to gain market share across key regions, ahead of its AGM later this morning
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NewsMedia Bites 6 June: B&M, McDonald’s, WH Smiths
An “elusive” trading update and lack of profit guidance unnerved B&M investors,
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NewsThe Chuckling Cheese Co hits £110k crowdfunding target
Speciality flavoured cheese supplier The Chuckling Cheese Co has raised a six figure sum to grow its brand
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NewsCrosstown Doughnuts agrees sale to Karali Snacks
Artisan doughnut brand Crosstown Doughnuts has secured new growth funding after being sold to Karali Snacks, an arm of former Burger King UK franchisee Karali Group
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NewsCity snapshot: B&M sales and profits rise on new store openings
B&M Bargains owner B&M Europan Value Retail saw an uplift in sales and profits last year, driven by volume growth and new store openings
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NewsMedia Bites 5 June: Asda, Tesco, Ocado
Asda is now the UK’s most expensive supermarket fuel seller, according to an analysis by the RAC motoring organisation
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NewsCity snapshot: mild recovery for retail sales in May as election looms
UK retail sales gained 0.7% in May as rising food sales continue to mitigate weakness in the non-food sector
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NewsMedia Bites 4 April: Marks & Spencer, Sainsbury’s. Getir
Marks and Spencer’s chief executive received the biggest pay package the retailer has awarded in a decade, taking home £4.7mn as the group continued to improve its fortunes
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NewsMarks & Spencer CEO Stuart Machin sees pay rise by £2m
Machin saw his overall pay package rise by more than £2m last year to £4.7m due to a sharp increase in bonuses and share awards
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NewsCity snapshot: MP Evans Group expands palm oil estate with $14m acquisition
Indonesian palm oil producer MP Evans Group has added 1,700 hectares to its estate with the 5% acquisition of its Indonesian subsidiary trading companies
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NewsMedia Bites 3 June: Nestlé, grocery market share, Ocado
The chief executive of Nestlé said feeding ageing populations had become a major priority
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NewsCity News: Pets at Home profits fall amid concern over CMA vet probe
Shareholders were buoyed this week by the petcare retailer holding its forecast for the new financial year, even in the face of a CMA investigation into the vet industry.
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NewsNewlat backtracks to meet £700m Princes asking price
The owner of canned giant Princes struck a £700m deal this week with Newlat as the Italian food group went back on an earlier decision to walk away from the deal
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NewsCity snapshot: Improved weather drives uptick in UK grocery sales
UK supermarket sales remained strong in May, rising 3.3% as shoppers responded to the warmer weather to drive value sales growth to a two-month high
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NewsMedia Bites 31 May: retail footfall, Daylesford Organic, Red Bull
Retail footfall across the UK remains well down on last year as bank holidays and improving weather failed to lure customers