Mark Schneider news, comment and analysis – Page 2
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Analysis & FeaturesThe quest to solve the world’s food allergen problem
Scientists and campaigners are on a mission to solve the growing global food allergy epidemic. What progress has been made? And what are the hurdles still to overcome?
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NewsCity News: Nestlé shares suffer as inflation knocks consumer demand
Nestlé shares suffered this week after it posted weaker than expected sales amid a drop in volumes, as inflation hit demand
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NewsCity snapshot: Nestlé sales volumes fall back as price inflation hits demand
Nestlé has posted a drop in annual sales volumes as “unprecedented inflation” hit consumer demand for its food and beverage products. Plus results from Danone and an acqusition from CCH
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NewsCity News: Nestlé shares sink as shoppers baulk at continued higher prices
Shares in Nestlé sank on Thursday as the world’s biggest food group revealed lower-than-expected sales growth in the first nine months of 2023.
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NewsCity snapshot: Nestlé revenues decline as pressure remains on volumes
Revenues have fallen at Nestlé in the first nine months of 2023 as falling volumes and currency headwinds outweighed higher prices at the Swiss food giant. Plus, Deliveroo reports Q3 update, Science in Sport CEO steps down, McBride profitability jumps despite volatility, Pernod Ricard reports ‘soft’ Q1 and Gusbourn has record harvest.
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NewsCity snapshot: UK retail sales rebound in August despite lower fuel sales
UK retail sales rebounded in August as volumes recovered from a wet July, despite a drop in fuel sales as prices rose
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NewsCity snapshot: Nestlé raises sales guidance on strong first half pricing
Nestlé has raised its full year sales outlook after better than expected price-driven growth in the first half of the year. Plus Britvic buys two bolt-on drinks brands and Ocado Solutions CEO steps down
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NewsCity snapshot: Nestlé first quarter volumes slip back as price hikes near 10%
Nestlé has reported organic growth of over 9% despite a dip in sales volumes. Plus ABF margins hit by cost inflation, Ocado to shut CFC, trading improves at McBride and all the rest of the latest news from the City
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Comment & OpinionOur broken food system is to blame for price rises, not retailers or suppliers
The continuing ramp of food price inflation is becoming increasingly concerning for governments around Europe, says Warren Ackerman, head of European consumer staples research at Barclays
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Analysis & FeaturesWhy it's so hard to prove profiteering and greedflation in food
Questions have been raised about the legitimacy of supplier price increases. But margins at major fmcg giants are almost universally in decline
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NewsCity News: Nestlé’s promise of improved profitability does little to reassure investors
Nestlé’s guidance towards improved profitability this year did little to ease investor concerns around a sharp underperformance of fourth quarter sales volumes, as well as the impact of ongoing price hikes
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NewsCity snapshot: Nestlé targets margin improvement after cost inflation dents profitability
Nestlé has targeted margin improvement in 2023 despite ongoing cost inflation after soaring input costs dented profitability in 2022. Plus updates from CCEP, Pernod Ricard, Kerry Group and SSP Group
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Comment & OpinionWhy food prices won’t peak for a while yet
We still don’t expect food prices to peak until Q2 2023, despite the FAO global food index having just posted its tenth consecutive monthly decline
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Comment & OpinionHow Nestlé, Heineken and Unilever are dealing with a volatile market
Barclays’ Warren Ackerman on the current round of capital markets events
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NewsMedia Bites 30 Nov: Wilko, Christmas turkey, Nestlé
The struggling discount chain Wilko has warned it could run out of money if it is unable to secure additional financing by the end of next year
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NewsCity snapshot: Greencore sales and profits jump on food-to-go rebound
The strong rebound in food to go boosted annual revenues and profits at Greencore, though the group warned of “further substantial inflation” in the coming year. Plus updates from Unilever, Treatt, Supreme and all the rest of the latest news from the City.
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NewsCity snapshot: Food prices hit 42-year high as inflation soars
Food and drink prices have soared to their highest levels in more than 40 years, pushing UK inflation back to highs seen over the summer, according to the latest figures. Plus, rising food prices help Nestlé increase organic sales in Q3, Just Eat Takeaway returns to profitability sooner than expected, and hedge fund Third Point reveals new position in Colgate-Palmolive and pushes for sale of its petcare business
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Comment & OpinionWhat does the end of free money mean for fmcg M&A?
A combination of higher interest rates and double-digit food inflation has the potential to change companies’ capital allocation priorities, says Warren Ackerman, head of European consumer staples research at Barclays
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NewsGlobal giants raise growth targets as prices keep rising
Unilever, Danone, Reckitt Benckiser and Nestlé were among those to report higher-than-expected quarterly sales figures this week
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NewsCity snapshot: Nestlé upgrades sales on pricing and volume growth but margins slip back
Nestlé has upgraded its full year growth expectations as first half sales rose on pricing and volume growth. Plus results from Diageo, AB InBev and Virgin Wines, while Hotel Chocolat’s Japanese JV restructures and Ocado’s COO takes new role.