All Inflation articles – Page 118
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NewsCity snapshot: Nestlé raises growth expectations after coffee drives first half sales increase
The world’s largest food group Nestlé has raised its full year growth forecast after posted organic growth of 8.1% in the first half as booming coffee sales drove strong growth. Plus updates from AB InBev, Danone, Diageo, Compass Group, Pets at Home and more.
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NewsMorrisons’ largest investor Silchester publicly rebukes £6.3bn Fortress offer
Silchester International Investors, which holds a 15.1% holding in Morrisons, said in a statement that it was “not inclined” to support the existing offer from Fortress.
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NewsMedia Bites 28 July: Morrisons, Reckitt Benckiser, Iceland
The proposed £9.5bn takeover of Morrisons has been thrown into jeopardy after the supermarket group’s largest shareholder blasted the Fortress-led bid
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NewsGreencore sales bounce back as food to go recovers
Greencore has posted “strong revenue momentum” in its third quarter, with group pro forma revenue 53.1% above prior year levels and only 2.8% below equivalent pre-COVID levels in the same quarter of 2019
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NewsReckitt warns rising costs will eat into 2021 margins
Reckitt Benckiser has posted a drop in first half profitability as mounting costs hit margins and revenues declined due to tough year-on-year comparisons
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Comment & OpinionWhy fmcg can no longer claim to lead the way in commercial excellence
Flatter organisational structures and lower wages have triggered a grocery brain drain, says David Sables, CEO of Sentinel Management Consultants
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NewsCity snapshot: July grocery sales rebound thanks to summer sport and warm weather
Grocery sales improved in the four weeks to July 17 as trading was boosted by better weather and the summer sports events, according to the latest figures from NielsenIQ. Plus, Reckitt’s profits plunge as costs add up, Greencore’s food to go rebounds and all the latest news from the City.
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NewsMedia Bites 26 July: Pingdemic, Morrisons, Philip Morris
An emergency government plan to prevent the spiralling “pingdemic” from hitting food supplies has descended into chaos
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News‘Poultry shortages inevitable’ despite new isolation exemptions
The president of 2 Sisters Food Group Ranjit Singh said the sector was facing a ’food crisis like we’ve never seen before’
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NewsXPO logistics workers threaten strike that could cause UK ‘beer drought’
Workers are being balleted for industrial action after what Unite called a “paltry” a 1.4% pay rise
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NewsAsda gives suppliers 30 days to pay 5% transport costs hike as HGV crisis continues
In a letter to suppliers, obtained by The Grocer, the retailer blamed “Brexit uncertainty” for soaring transportation costs
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NewsCity snapshot: Unilever warns over rising costs despite strong growth
Unilever has posted stronger than expected second quarter underlying sales growth of 5%, but warned mounting cost inflation will hit margin growth
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NewsHousehold cost of food to soar by £160 a year due to new regulations, claim food bosses
The FDF estimates increased costs in 2022-23 alone to exceed £4.4bn
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NewsMedia Bites 20 July: Freedom Day, Ocado, Johnson & Johnson
The papers focus on yesterday’s ‘Freedom Day’ this morning, including the global stock market sell-off and the ongoing ‘pingdemic’.
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NewsFrozen food sales fall fastest as shopper habits return to normal
In the 12 weeks to 13 June, frozen sales fell 5.7% in value and 7.1% in volume, while fresh & chilled saw 1.2% value decline and a 5.1% dip in volume
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NewsCity Snapshot: Parsley Box sales soar in H1 but board warns of slowdown as Covid restrictions end
Revenues at DTC meal delivery firm Parsley Box have soared following its IPO earlier this year as the pandemic continued to drive the number of customers using the service to record levels. However, its shares have tanked 20% this morning on worries over the long-term sustainability of the DTC model as Covid restrictions are fully lifted in the UK.
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Comment & OpinionWill the government pay any attention to Henry Dimbleby’s National Food Strategy report?
While there will be lots of soul searching in the industry about the NFS recommendations, it’s the government’s response that’s key
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Category ReportRise of the supermum: infant & baby care category report 2021
With breastfeeding up and tots being toilet trained earlier, baby care is down. How can brands appeal to the new breed of parents?
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NewsFarmison & Co sales soaring as it holds on to pandemic custom
The platform has seen a 300% expansion in volume sales since 2019
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NewsCity snapshot: Just Eat Takeaway.com ups growth expectations after strong second quarter
Takeaway delivery giant Just Eat has raised its full year growth expectations after first half orders jumped 61%