All articles by Alec Mattinson – Page 90
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NewsMedia Bites 26 Aug: Retail jobs, Eat Out to Help Out, Co-op Bank
Retail jobs are being cut at the fastest pace in a decade as the government starts to withdraw its job retention scheme (The Times £). Retail job cuts surged to their worst level for more than a decade in August as M&S joined a slew of crisis-hit ...
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NewsCity snapshot: UK food and drink recovers ahead of global Covid recovery trend
The UK’s food and beverage sector was ahead of international Covid-19 recovery trends in July, according to a newly launched Lloyds Bank UK Recovery Tracker
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NewsMedia Bites 24 Aug: Asda, Ocado, John Lewis
Private equity giant Apollo is lining up £3.75bn of debt to fund its proposed acquisition of a stake in Asda, which would be secured against the supermarket’s stores
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NewsCity News: Cranswick shares hit all-time high on soaring first-quarter sales
Meat producer Cranswick surged to an all-time high this week, but the shares eased back downwards through the week as worries surfaced around its ability to maintain this stellar growth
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NewsPetfood and coffee pods drive sales and profits at Nestlé UK
Surging growth in pet food and Nespresso helped Nestlé’s UK sales rise last year, despite a slump in the bottled water market
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NewsM&S to cut 7,000 jobs in response to ‘shift in trade’ caused by Covid
M&S to cut 7,000 jobs in response to ‘shift in trade’ caused by Covid
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NewsCity snapshot: UK retail sales rise back above pre-pandemic levels
UK retail sales rose back above the levels seen before the coronavirus pandemic in July as consumer demand continues to rebound, according to official government figures
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NewsMedia Bites 21 Aug: Asda, Ocado/M&S, UK supermarkets
Two retail heavyweights will clash head-on in a £6.5bn battle to buy supermarket chain Asda
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NewsCity snapshot: Mothercare to relaunch in the UK with Boots
Baby and child retail brand Mothercare has announced it has signed off on a ten year deal to sell its goods through Boots UK following the closure of its own UK store estate.
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NewsCMA launches investigation into £780m Marston’s and Carlsberg deal
The UK competition regulator has launched a probe into the £780m merger of Marston’s and Carlsberg’s UK brewing operations.
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NewsMedia Bites 19 Aug: M&S, Asda, Grocery market share
Marks and Spencer’s cuts 7,000 jobs in the most brutal cull of the UK retail sector since the coronavirus pandemic began causing havoc on Britain’s high streets
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NewsSupermarket sales growth eases as stockpiling subsides
Take-home grocery sales growth slowed to 14.4% year on year during the 12 weeks to 9 August 2020
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NewsLotus Bakeries’ UK snacks brands hit by lockdown sales drop
Nakd, Trek and Bear owner Lotus Bakeries increased sales in the first half of the year despite the coronavirus lockdowns hitting the performance of its UK snacks brands.
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NewsCity snapshot: M&S to cut 7,000 jobs after Covid clothing and home sales slump
Marks & Spencer has announced it plans to cut around 7,000 roles over the next three months as a result of a “material shift in trade” due to the coronavirus outbreak. Plus, grocery growth slows as shopper behaviour returns back towards normal and all the rest latest news from the City.
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NewsMedia Bites 17 Aug: Tesco, Greencore, Business rates
Tesco is planning to offer free delivery on online grocery orders for members of its Clubcard Plus loyalty scheme as an industry price war intensifies
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NewsSurging sales at Just Eat Takeaway.com come at a cost
A flurry of orders from consumers stuck at home saw food delivery giant Just Eat Takeaway.com post surging sales in the first half of the year – but growth came at a substantial cost.
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NewsThorntons loses £35m as sales drop amid retail closures
Chocolatier Thorntons lost a further £35m last year, taking its total losses to more than £100m since being bought by Italian confectionery giant Ferrero
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NewsCity snapshot: Carlsberg posts double-digit sales and profits drop amid lockdown closures
Carlsberg has posted an 12.6% drop in first half revenues and a double-digit fall in operating profits as the coronavirus pandemic hammered its second quarter sales.
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NewsPlant-based meat producer This smashes through fundraising target to net £3.8m
Fast growing plant-based meat alternatives player This has raised almost £3.8m of new funding following the public launch of a convertible bond offer on crowdfunding platform Seedrs.
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NewsLockdown order surge underpins Just Eat Takeaway.com global sales jump
Takeaway food delivery giant Just Eat Takeaway.com has posted a 44% jump in first half sales to over €1bn as a flurry of orders during the global lockdown periods boosted first half trading.