All articles by Alec Mattinson – Page 65
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NewsCity Snapshot: EG Group reportedly mulls $15bn sale options
EG Group is exploring options with bankers that could result in a $15bn (£10.8bn) sale, according to reports.
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NewsMedia Bites 10 Sep: Morrisons, EG Group, Costa Coffee
Morrisons has warned it expects “industry-wide” price rises ahead while reporting half-year results showing a 43% slump in profits
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NewsCanO Water nets former Heineken European boss as part of funding round
Canned water brand CanO Water has secured a seven-figure investment sum to further tap into consumer demand for alternatives to single use plastics.
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NewsMorrisons warns of ‘industry-wide retail price inflation’ later this year
The pandemic, rising commodity costs, freight inflation and the shortage of HGV drivers across the UK were all putting pressure on prices, it said
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NewsCity snapshot: Sales and profits slide at Morrisons as it warns of rising costs
Morrisons saw like for like sales fall 3.7% in the second quarter against “tough” year on year comparatives, while first half pre-tax profits fell by more than a third due to Covid costs and business rates.
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![Morrisons_Paper_Bags_2[36]](https://dmrqkbkq8el9i.cloudfront.net/Pictures/100x67/4/4/1/244441_morrisons_paper_bags_236_623262.jpg)
NewsMedia Bites 9 Sep: Morrisons, B&M Bargains, Weetabix
The battle for Morrisons is set to be decided in a head-to-head auction between two private equity bidders
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NewsNaked Collective raises £5.3m to fund US push
Healthy drinks start-up The Naked Collective has secured £5.3m in its latest funding round to boost global growth and expansion in the US
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NewsCity snapshot: Morrisons lays ground for takeover auction
Morrisons is in talks with the UK Takeover Panel in preparation for a bidding auction ahead of a shareholder vote in mid October.
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NewsMedia Bites 8 Sep: John Lewis, Amazon, Iceland
John Lewis is to sell fast fashion range from Waitrose supermarkets in move to bolster turnaround plan
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NewsCity snapshot: Retail sales growth begins to slow in August
Year on year sales growth fell back in August as pent-up post-lockdown demand softened, according to the monthly BRC-KPMG Retail Sales Monitor. Plus interim results from McBride and Parsley Box.
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NewsMedia Bites 7 Sep: Supply chain crisis, Tesco, Border checks
The threat of strike action by lorry drivers at two firms, including Booker, has raised the prospect of further disruption this autumn amid Britain’s worst supply chain meltdown since the 1970s
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NewsBorder Biscuits takes pandemic hit from out-of-home sales slump
Premium snacks supplier Border Biscuits saw a double-digit drop in sales last year as the coronavirus pandemic hit out-of-home sales, but expects to return to growth this year as the out-of-home market reopens.
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NewsCity snapshot: Great Britain loses 8,700 shops in the first half of 2021
More than 8,700 stores disappeared from Great Britain’s high streets in the first six months of 2021 as the level of retail vacancies reached an all time high.
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NewsCity News: WH Smith recovery set back by profit warning
A mixed update said trading in the eight weeks to 28 August had been better than expected
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NewsMedia Bites 6 Sep: Brewdog, Morrisons, M&S
BrewDog has established its first international joint venture with Japan’s Asahi as the UK’s largest craft brewer seeks to increase sales ahead of a planned London IPO
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NewsCity snapshot: Retail footfall still down on pre-pandemic levels despite August bounce
UK retail footfall remains significantly down in pre-pandemic levels despite the relaxation of government Covid restrictions, albeit August saw some tentative signs of recovery.
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NewsMedia Bites 3 Sep: Driver shortage, CCEP, Exports
Supermarkets recruiting lorry drivers by offering higher wages will lead to shortages of hauliers needed to deliver to schools, prisons and wholesalers
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NewsUK food and drink exports to the EU slump by £2bn
The Food and Drink Federation found overall industry exports were down 4.5% to £9.2bn in the first six months of the year
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NewsCity snapshot: CCEP sales rebound as easing of Covid restrictions boosts consumption
Coca-Cola Europacific Partners has reported ‘strong’ first half performance as volumes recovered in the second quarter as coronavirus restrictions eased across key territories.
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NewsOrchard House beefs up leadership team following PE acquisition
New private equity owner Elaghmore is looking to kickstart growth at the supplier