Alec Mattinson
Alec leads The Grocer’s expanding coverage of all things finance-related. Follow Alec on Twitter: @AlecMattinson
Contact info
- Tel:
- 01293 610512
- Email:
- alec.mattinson@thegrocer.co.uk
- News
City snapshot: UK grocery growth slows as inflation eases
UK grocery sales growth slowed last month as food price inflation continues to ease and shoppers cut back after Easter
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City snapshot: Haleon grows first quarter sales on price increases
FTSE 100 consumer health player Haleon has posted a ‘solid’ start to the year, despite a volume and headline revenue decline in the first three months of 2024.
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Media Bites 1 May: US fmcg, McDonald’s, Lidl
The world’s largest food and drinks companies have said that poorer consumers in the US are cutting their spending in the face of persistent price rises
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City snapshot: Retail inflation falls to its lowest level since 2021
Shop price annual inflation eased to 0.8% in April and now stands at its lowest level since December 2021
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Media Bites 29 April: Ocado, UK harvests, Loyalty cards
Ocado is facing criticism as it seeks shareholder approval today for a potential bonus worth up to £14.8m for its chief executive, Tim Steiner
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City News: Sainsbury’s posts booming growth but City sceptics remain
Booming sales, rising profits and a bullish forecast were not enough for Sainsbury’s to win over City sceptics this week, as it faced a fall in GM sales and the prospect of tough comparatives
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Butcher’s Pet Care back in the black after £30m sales growth
Petfood player Butcher’s Pet Care has bounced back into the black following stellar sales growth, driven by growth in its range and international reach
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City 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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Media 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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Jacksons 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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City 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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Media 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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City 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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Another 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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City 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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City 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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Media 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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DS 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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City 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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McCain 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