All articles by Alec Mattinson – Page 94
-
NewsMedia Bites 18 June: Card fees, UK inflation, UK/EU trade
Supermarkets are in line for a cash injection worth “billions” after winning a long-running legal battle against MasterCard and Visa over swipe fees.
-
NewsDomino’s Pizza UK sales boosted by lockdown but bottom line suffers
Domino’s Pizza Group has reported a rise in first half sales, driven by “rapid” growth in its UK delivery business during the coronavirus lockdown period.
-
NewsSupermarket promotions pick up further but still not at pre-Covid levels
Promotions are still down 35% at Tesco, 28% at Ocado, 23% at Asda, 14% at Sainsbury’s and 12% at Morrisons
-
NewsMedia Bites 15 June: Retail reopening, UK economy, US trade deal
High Street chains were braced this morning for the reopening of stores as they tempt shoppers back, with the City watching for signs that consumers are not afraid to head out.
-
NewsCity News: Premier Foods shares boosted by news of possible Hovis sale
The bread brand’s 51% owner Gores Group has reportedly hired banker Baird to find a buyer for Hovis
-
NewsCity Snapshot: Bakkavor sales ‘showing signs of recovery’ despite May sales drop
UK ready meals player Bakkavor has said its sales volumes have stabilised and show “early signs of recovery in all markets”. Plus, UK GDP posts the worst monthly fall in history, Mitchells & Butlers renegotiates lending facilities and all the rest of the latest news from the City
-
Comment & OpinionUnilever restructure represents a starting gun for change
The restructure suggests plans for more divestments and acquisitions are in the pipeline as it looks to modernise its portfolio and prioritise growth assets
-
NewsMedia Bites 11 June: Ocado, Just Eat/Grubhub, Morrisons
The surge in online food shopping has prompted Ocado to tap investors for £1bn to build more of its robotic warehouses
-
NewsCity snapshot: Restaurant Group to close 125 Frankie and Benny’s sites via CVA
The Restaurant Group has announced its intention to close 125 Frankie and Benny’s restaurants and seek rent reductions for a further 85 sites after instigating a company voluntary arrangement.
-
NewsMedia Bites 9 June: Retail sales, Tesco, Iceland
Hopes for an economic rebound have been lifted by signs that the collapse in retail sales may be short-lived
-
NewsVeganuary co-founder Matthew Glover launches vegan investment fund
Vegan entrepreneur Veganuary co-founder Matthew Glover has launched launch of a not-for-profit investment venture to help fund growth companies in the plant-based food space.
-
NewsMedia Bites 8 June: Sunday trading, Government loans, Supermarket exec pay
Sunday trading laws could be suspended for a year in a move the government hopes will stimulate the economy
-
NewsCity News: SSP Group returns to shareholders to ask for more
This week SSP Group pleaded with shareholders to reinvest the dividend payment it was obligated to pay, having already tapped them for £216m in March.
-
NewsFood and drink firms tap Bank of England for £1.9bn in coronavirus loans
Compass Group, John Lewis, M&S, Greggs and Brakes Bros are among the firms to raise cash from the Bank of England’s Covid Corporate Financing Facility
-
NewsAdelie Foods rescue deal scuppered by competition concerns
The Grocer understands listed food-to-go giant Greencore had agreed a deal to take on Adelie as a going concern
-
NewsCity snapshot: Greencore rescue package for Adelie scuppered by competition concerns
Competition concerns scuppered a rescue deal for the UK’s third-largest sandwich maker Adelie Foods resulting in its collapse and the loss of almost 2,200 jobs.
-
NewsCity snapshot: Fever-Tree reports off-trade sales surge amid wider lockdown hit
Fever-Tree has experienced a jump in off-trade sales during the coronavirus shutdown, but has warned the closure of bars and restaurants across its key markets will have a “material impact” on full-year trading
-
NewsMedia Bites 3 June: Shop prices, Tesco, Government loans
Shop prices fell last month at their fastest rate in 14 years as retailers made cuts to shift stock and grocers were forced to compete with home-grown produce.
-
NewsBusinesses claim £31.3bn of government-backed emergency coronavirus funding
Lenders have approved over £31.3bn in funding through government-backed coronavirus schemes, according to new figures from the Treasury
-
NewsTesco CFO Alan Stewart to step down
Tesco has announced that its chief financial officer Alan Stewart will retire and leave the company next year.