All articles by Alec Mattinson – Page 82
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NewsCity snapshot: Covid Primark closures cost ABF a further £220m
Associated British Foods has said the tightening of coronavirus restrictions will cost the group an extra £220m on top of the previously announced £430m. Plus, the FTSE starts the year strongly after Brexit deal and all the rest of the latest news from the City.
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NewsMedia Bites 4 Jan: Retail jobs, Cafe Nero, Kirin
The high street shed 177,000 jobs in 2020 according to a study that predicts an even more devastating toll on retail jobs this year
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NewsCity snapshot: BRC calls for ‘pragmatic solution’ to border chaos
The BRC has called on the government and the EU to find a “pragmatic solution” to the closure of traffic from France and avoid impacting the supply of Fresh produce to the UK. Plus, FTSE and pound plunge, Bestway Wholesale to buy Costcutter and all the rest of the latest news from the City.
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NewsMedia Bites 21 Dec: Border closures/food supply, Retail/Tier 4, Asda
Boris Johnson is holding emergency talks to avert Christmas food shortages after France banned freight and travel from the UK
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News‘Trend-setter’ Unilever to give shareholders say on climate changes plans
Unilever this week pledged to become the first FTSE 100 company to offer investors a vote to approve of its plans to tackle climate change.
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NewsInnocent global growth drives sales surge as it slips to loss
Innocent’s sales surged past £400m last year, though the group fell to a loss as it funded expansion across Europe and beyond
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NewsKerry Group mulls €1bn-plus sale of consumer foods business
Kerry Group is considering selling off its consumer foods division, which includes brands such as Richmond sausages and Dairygold, according to reports today
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Analysis & FeaturesShare prices: who were food and drink’s winners and losers of 2020?
Coronavirus has caused some food and drink share prices to soar but it’s not been as simple as adding extra sales
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NewsCity Snapshot: November retail sales fall back on second lockdown
Retail sales fell back in November as shops shut their doors again during the second coronavirus lockdown
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NewsMedia Bites 18 Dec: The Grocer’s Top Products, SSP Group, Scotch
Supermarket sales figures have captured the way Covid has caused big changes in the way we live
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Analysis & FeaturesSavoury pastries & meat snacks: Top Products report 2020
Six of the top 10 savoury pastry brands have actually achieved volume growth this year
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NewsCapVest set to win IPN auction
Capvest has seen off competition from Cranswick as well as fellow private equity players Ontario Teachers and Bridgepoint
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NewsCity Snapshot: SSP Group loses £426m amid COVID sales collapse
Travel specialist SSP Group has reported a near-50% plunge in annual revenues and a £426m pre-tax loss due to the coronavirus. Plus, Cranswick withdraws from IPN race, Sainsbury’s Bank names new chair and all the rest of the latest news from the City.
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NewsCranswick plots return to petfood market with IPN acquisition
Pork and meat supplier Cranswick is mulling a move into the fast-growing premium petfood sector with the potential acquisition of Inspired Pet Nutrition
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NewsCity snapshot: Ocado completes $262m Kindred Systems robotics acquisition
Ocado has announced it has completed the deal for US piece picking robotics company Kindred Systems.
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NewsMedia Bites 14 Dec: Brexit stockpiling, Asda, Unilever
Supermarkets are stockpiling food and other goods after being told by ministers that a no-deal Brexit is on the cards
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NewsCity News: Ocado shares drop despite profits upgrade
It’s not often a profits upgrade is accompanied by a share price plunge
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NewsSupermarket prices move into deflation ahead of possible Brexit cost shocks
Supermarket prices have fallen back into deflation for the first time in over a year, just as the industry prepares for a potential price shock from the UK’s exit from the EU
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NewsAsda paid Walmart £1.15bn dividend despite profits drop
Asda paid a £1.15bn dividend to US owner Walmart last year, even as its profits slumped by more than a quarter
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NewsSupermarket prices fall into deflation for first time fourteen months
Supermarket prices have fallen back into deflation for the first time in over a year ahead of EU exit