All articles by Alec Mattinson – Page 95
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NewsAdelie Foods ceases trading as rescue talks fail
The UK’s third-largest sandwich maker has permanently ceased trading after its administrator was unable to secure a swift rescue package
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NewsMedia Bites 1 June: Pret a Manger, Supermarket exec pay, Sainsbury’s
Pret A Manger has called in consultants to help overhaul its fast food business model as its core customer base of commuters remains working from home
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NewsThatchers sales top £106m as it bucks downward cider trend
Cidermaker Thatchers “outperformed” the wider market last year as its annual sales continued past £100m and profits grew.
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NewsCity snapshot: DIY and gardening sales boom boosts revenues at B&M
B&M European Value Retail has announced today it has seen a double digit jump in like for like sales during the lockdown period, despite a “significant fall” in customer numbers. Plus trading updates from Eage Eye, Young’s and all the rest of the latest news from the City.
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NewsInvestors raise a glass to merger of Marston’s and Carlsberg brewing arms
Investors and analysts raised a much-needed glass in celebration of the beer industry on Friday last week…
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NewsAdelie food-to-go customers up for grabs as it enters administration
The UK sandwich market is set for further consolidation into a duopoly after number three player Adelie fell into administration this week
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NewsMedia Bites 28 May: Grocery market share, Retail landlords, Harrods
Tesco and Sainsbury’s have increased sales at a faster rate than discounter Aldi for the first time in a decade, as the coronavirus pandemic spurred weekly shops and more online ordering
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NewsDeloitte seeks buyer for Adelie as it falls into administration
Adelie has appointed administrator Deloitte after its business was hammered by the widespread closure of food-to-go outlets
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NewsCity snapshot: Grocery sales surge 17.2% as lockdown eases
British take-home grocery sales surged by 17.2% over the past four weeks to take 12-week grocery growth to its highest level since records began, according to Kantar. Plus, Britvic posts ‘robust’ performance despite coronavirus impact, Supermarket Income Reit creates JV to invest in Sainsbury’s supermarkets and all the rest of the latest news from the City.
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NewsMedia Bites 26 May: Retail reopening, Marston’s/Carlsberg, Boparan/Carluccio’s
High street shops, department stores and shopping centres are set to reopen on June 15 in the biggest easing of the lockdown since coronavirus hit Britain, PM Boris Johnson has announced.
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NewsBoparan seals deal to buy Carluccio’s from administration and save 800 jobs
Boparan Restaurant Group, the casual dining arm of 2 Sisters owner Boparan, has agreed a deal to rescue Italian chain Carluccio’s from administration and safeguard 800 jobs.
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NewsCarlsberg UK and Marston’s agree to £780m merger of brewing arms
Carlsberg UK and Marston’s will merge their brewing arms to create a new joint venture in the UK
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NewsMedia Bites 22 May: Mars/JAB, Pets at Home, Amazon/Deliveroo
Mars has sued JAB Holdings over allegations that a former executive handed the Pret a Manger owner stolen business secrets.
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NewsCity snapshot: Tate & Lyle posts rise in annual sales and profits
Annual sales and profits rose at sucralose and ingredients supplier Tate & Lyle last year as it continues to trade strongly through the coronavirus crisis, albeit with a more mixed April. Plus, Hilton Food Group issues positive trading statement, Pets at Home warns on first half profits despite annual sales and profits jump and all the rest of the latest news from the City.
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NewsCity snapshot: M&S profits slump despite food ‘outperformance’
Strong sales and profit growth in Marks & Spencer’s food business was not enough to turn around the group’s falling profits as weaker clothing and home sales hit its bottom line.
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NewsMorrisons share buoyed by lockdown durability
The Bradford-based grocer reported a 5.7% jump in first quarter like-for-like sales excluding fuel, as its retail sales su…
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NewsSupermarket price inflation spikes under lockdown as retailers halt deals
The Grocer Price Index recorded year-on-year inflation of 2% during the first full month of the UK lockdown in April
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NewsCity snapshot: Supermarket price inflation spikes as retailers halt deals
The Grocer Price Index recorded year-on-year inflation of 2% during the first full month of the UK lockdown in April. That’s up from 0.4% in March
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NewsMedia Bites 15 May: WH Smith, Sainsbury’s, Food Price Inflation
The closure of major transport hub stores caused sales at WH Smith’s travel arm to collapse by more than 90% in April
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NewsCity snapshot: WH Smith revenues plunge 85% in global lockdown period
WH Smith has said its revenues slumped by 85% year-on-year in April amid widespread coronavirus lockdowns and a collapse in air travel as the coronavirus outbreak has a “significant” impact on its business.