All articles by Alec Mattinson – Page 9
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NewsCity snapshot: Sainsbury’s forecasts profits of £1bn in 2024 on strong grocery growth
Sainsbury’s has posted an uplift in underlying annual profits and forecast another rise in profits in the current financial year. Plus updates from Unilever, Nestlé, CCEP, WH Smith and more
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NewsMedia Bites 24 April: Grocery market share, ABF, Getir
Grocery inflation fell to a 30-month low in April, helped by a rise in promotional spending from consumers
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NewsJacksons of Yorkshire acquires craft bakery Lottie Shaw’s
William Jackson Food Group has acquired Yorkshire-based craft bakery Lottie Shaw’s to add to its Jacksons of Yorkshire bakery arm
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NewsCity snapshot: Grocery price inflation falls amid increase in promotions
Grocery price inflation fell for the 14th consecutive month back to 3.2% last month, aided by a significant increase in promotional spending
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NewsMedia Bites 22 April: Asda, Unilever, Getir
Zuber Issa is close to selling his stake in Asda to TDR Capital in a deal that would tighten the private equity firm’s control over Britain’s third biggest supermarket chain
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NewsCity News: B&M sales jump 10% but City remains unconvinced
Discount retail group B&M European Value reported an annual sales jump of over 10% this week, but concerns swirled in the City over the rate of growth slipping back in its final quarter despite a boost from the early Easter
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NewsAnother year of profit for Thorntons after closure of store estate
Chocolatier Thorntons has posted another year of profit growth after shuttering its loss-making store estate
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NewsCity snapshot: Retail sales flatline in March as food sales fall back
Retail sales volumes were flat in March, despite the boost from an early Easter, as sales in food stores fell
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NewsCity snapshot: Danone posts ’good start to the year’ as Q1 sales rise
French dairy giant Danone has posted ‘broad based’ first quarter growth of 4.1% as sales volumes grew to start its financial year
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NewsMedia Bites 17 April: Getir, DS Smith, B&M
Getir is weighing a string of asset sales as part of crunch restructuring talks
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NewsDS Smith agrees £5.8bn US takeover from International Paper
DS Smith has agreed terms on a £5.8bn all-share takeover from US rival International Paper, which has seemingly won the bidding war with British rival Mondi
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NewsCity snapshot: B&M annual sales up 10% but growth slows in 2024
Discount retail group B&M European Value grew annual revenues by over 10% to £5.5bn, but the rate of growth has slipped back in the final quarter of its financial year
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NewsMcCain GB sales jump but rising potato prices eat into margins
The UK arm of potato giant McCain saw a 19.5% jump in sales last year, but profits were flat as margins declined amid elevated costs and weather challenges
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NewsMedia Bites 14 April: Supermarket property, Getir, Applied Nutrition
Supermarkets, including Asda and Morrisons, are selling their stores to raise quick cash
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NewsCity News: Tesco impresses City with jump in profits and share
The City gave a thumbs-up to Tesco this week in the wake of a double-digit jump in profits, driven by easing price inflation and continued market share gains
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NewsDivine Chocolate sees 10% sales drop amid category decline
Ethical chocolate maker Divine saw a near 10% sales decline last year as consumers shunned premium chocolate amid HFSS regulations and cost of living challenges
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NewsCity snapshot: Economy grows in February as UK emerges from recession
The UK economy grew in February despite high levels of rainfall, suggesting the country is emerging from the recession in the final two quarters of 2023
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NewsMedia Bites 12 April: Jus-Rol, Amazon, Farming
A French pastry maker has been ordered to sell Jus-Rol after losing a second legal challenge against the competition watchdog’s decision
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NewsCity snapshot: Distil fourth quarter sales drop as consumers cut back on spirits
Annual sales were up 17% at listed spirits brand Distil, despite a 47% fall in fourth quarter volumes amid consumer spending pressures
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NewsMedia Bites 10 April: Retail crime, Home Bargains, M&S
ssaulting a shopworker is to be made a separate criminal offence after a government U-turn following pressure from campaigners