Mike Watkins news, comment and analysis – Page 10
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NewsCity snapshot: Sainsbury’s first quarter sales slide amid non-food slump
Sainsbury’s like-for-like sales fell by a further 1.6% in the 16 weeks to 29 June to put further pressure on CEO Mike Coupe after its failed merger with Asda. Plus, PureCircle issues profits warning, shop prices drop but food inflation holds steady and all the rest of the latest news from the City.
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NewsWet weather washes out grocery sales growth
The wet start to the summer compared with last year’s heatwave and the run up to the men’s FIFA World Cup limited grocery market growth, according to the latest grocery market share data.
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NewsCooler spring weather hampers grocery sales growth
The latest grocery market share figures show supermarket sales growth has slumped in recent weeks to due the cooler temperatures compared to last year’s sunny spring weather.
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NewsGrocery sales growth hits 2019 high thanks to bumper Easter
The grocery sector is growing at its fastest rate this year thanks to a record £2.5bn Easter spend when shoppers took home £335m of Easter eggs and seasonal chocolate.
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NewsBad weather drives biggest food price rise in five years
Food prices have surged at the fastest rate in more than five years after poor weather hampered crop production.
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NewsAldi overtakes Morrisons in market share, Nielsen data shows
Lidl was the only other supermarket to see growth, with share rising from 5.9% to 6.3%
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NewsGrocery sales growth drops to slowest rate in a year
Grocery sales growth has fallen to its lowest level since March 2018 as the late Easter and Mother’s Day hit year-on-year comparisons, according to Kantar. Plus, profits slump at palm oil producer MP Evans and all the rest of the latest news from the City.
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NewsGrocery sales growth slows amid Brexit caution
Grocery sales grew by 1.9% in the 12 weeks to 24 February as one in ten shoppers admit to stockpiling food in preparation for a possible disorderly Brexit.
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NewsOcado annual losses rise to £44m as expansion hits bottom line
Ocado grew its annual revenues by 12.3% in 2018, but its pre-tax losses jumped from £9.8m to £44.4m.
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NewsShop prices rise at highest rate in almost six years
Shop prices in January jumped at the highest rate in almost six years despite post-Christmas discounts, data from the British Retail Consortium (BRC) suggests.
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NewsWholesale growth drives 3.6% Morrisons Christmas sales rise
Morrisons has reported a like for like festive sales jump of 3.6%. Plus market share data shows a slowdown in grocery growth over Christmas.
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NewsCity snapshot: Cheaper Christmas as festive food costs 0.4% less than 2017
The cost of Christmas fare fell in 2018 after a currency-fuelled spike in supermarket inflation sent food prices soaring back in 2017. Plus, BRC Nielsen Shop Price Index finds decelerating food inflation, new CFO at McColl’s and all the rest of the latest news from the City.
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Analysis & FeaturesHow flexitarianism and clean eating shaped food & drink habits in 2018
Superfoods and sports nutrition are gaining ground, while tobacco and sugary soft drinks are falling out of favour, The Grocer’s Top Products survey has revealed
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NewsGrocery growth slows as Christmas looms
The latest grocery market share figures have showed the weakest supermarket sales growth since March 2017 as the industry heads into the vital Christmas trading period.
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NewsCity snapshot: Shop price inflation returns amid rising food prices
Food inflation accelerated in November although total shop prices remained almost unchanged since last Christmas. Plus Unilever is reportedly in exclusive talks to finalise a deal for GlaxoSmithKline’s Horlicks.
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NewsGrocery spending slows down in October
Grocery shoppers spent less in October 2018 compared to the same time last year, according to newly released grocery market share data from Nielsen and Kantar Worldpanel.
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NewsGavin Darby announces Premier Foods departure as it seeks Ambrosia sale
Premier Foods’ CEO Gavin Darby has announced he is to step down in January, while it has also said it is in talks to sell its Ambrosia brand
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NewsCity snapshot: Grocery sales cool off after record summer
Grocery sales have cooled off following record summer growth, as shoppers tightened their purse-strings ahead of the expensive Christmas season, British American Tobacco warn that earnings will fall 7%, and the rest of the news from the City
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NewsBooker acquisition helps drive Tesco to first half sales and profits jump
Tesco has posted a double-digit rise in group sales and operating profits as the integration of Booker and a strong second quarter boosted performance
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NewsGlow of summer grocery sales boom begins to fade
The hot weather triggered a bumper summer for the grocers, but the latest market share data suggests spending has slowed in more recent weeks.