Mike Watkins news, comment and analysis – Page 11
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NewsPernod Ricard ups profit forecasts as Jameson helps drive growth
The world’s second largest distiller Pernod Ricard increased its profit forecast after profits jumped 6.3% for the year.
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NewsHot weather and branded growth boost supermarket sales by 3.5%
Growth of branded products, which outstripped own-label sales for the first time since May 2015, helped grocery sales rise 3.5% over the 12 weeks to 12 August according to Kantar Worldpanel.
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NewsHot weather helps AG Barr recover to 5% sales growth
Irn Bru and Rubicon manufacturer AG Barr recorded a 5% increase in sales for the first half of 2018.
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NewsWorld Cup and hot weather drive supermarket sales surge
Grocery sales have jumped 3.6% in the 12 weeks to 15 July as the World Cup and the prolonged hot weather boosted trading according to Kantar Worldpanel.
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NewsCity snapshot: Sainsbury's like for like growth slows to 0.2% in first quarter
Sainsbury’s like-for-like sales growth slowed to 0.2% in the first quarter of 2018 as it instigated price cuts to battle a “competitive market”.
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NewsWarm weather and World Cup help grow supermarket sales by 2.1%
Warm weather and the start of the World Cup have helped overall supermarket sales rise 2.1% in the 12 weeks to 17 June, marking 25 consecutive periods of industry growth, according to Kantar Worldpanel.
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Analysis & FeaturesGrocer Gold Awards 2018: all the winners revealed
Aldi, Budweiser, MuscleFood and Spoon Guru among winners as disruptors and innovators dominate The Grocer Gold Awards
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NewsCity snapshot: Asda annual profits drop 13% as investment in price weighs on bottom line
Asda has posted a 13% drop in annual operatings profits as it invested in price and new products to regrow sales. Plus, Supermarket Income REIT has bought the Tesco Extra supermarket in Scunthorpe, plus all the rest of the latest news from the City.
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NewsCity snapshot: Kerry volumes up 3.7% in first quarter
Global taste & nutrition and consumer foods group Kerry has posted 3.7% growth in business volumes in the first quarter of 2018 and reaffirmed its earnings guidance for the full year. Plus, organic net sales fall again at Kraft Heinz, food inflation edges up according to BRC-Nielsen and all the rest of the latest news from the City.
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NewsCity snapshot: Grocery growth eases to slowest rate for a year amid 'pivotal moment'
The overall grocery market grew at its slowest rate for over a year at 2%, while a combined Sainsbury’s and Asda would result in a combined entity with a potential grocery market share of 31.4% according to Kantar Worldpanel. Plus, the latest market share figures from Nielsen, Just Eat’s first quarter sales jump 49%, DS Smith posts pre-close update and all the rest of the latest news from the City.
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NewsC&C Group in talks to buy Conviviality's Matthew Clark and Bibendum
C&C Group, with the support of AB InBev, is in advanced talks to buy Matthew Clark and Bibendum from stricken Conviviality for a nominal sum.
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NewsMedia Bites 4 April: Conviviality, Shop prices, Young’s Seafood
Chinese private equity firm ZQ Capital is front runner to buy Conviviality, according to the Daily Mail, with ZQ likely to bid for the whole group.
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NewsCity snapshot: Strong February propels grocery sales up by 3.2%
Grocery sales jumped by by 3.2% in the 12 weeks up to February 25, according to the latest grocery market share results from Kantar Worldpanel. Plus market share figures from Nielsen, sales surge at Just Eat but shares hit by surprise loss, PureCircle returns to growth and all the rest of the latest news from the City.
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NewsCity snapshot: Ocado slips back into the red as cost of technology weighs on earnings
Ocado has reported a £0.5m 52-week loss despite double digit revenue growth as the cost of funding expansion and new technology hit the bottom line. Inflation drives strong grocery sales according to latest market share figures and global market slump hammers UK shares.
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NewsMarket share figures point to bumper Christmas for grocers
The latest grocery market share figures from Kantar Worldpanel and Nielsen suggest UK consumers shrugged off any worries about the wider economy to increase their grocery spend over the festive period.
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NewsMorrisons reports festive sales boost
Morrisons has reported a 2.8% uplift in group like for like sales excluding fuel over the ten weeks to 7 January and a 3.7% jump over the Christmas period.
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NewsCity snapshot: Food prices jump in run up to Christmas
Food inflation gathered steam in December despite supermarkets investing in price on key lines to win over shoppers during the crucial Christmas period, according to the latest figures from the BRC-Nielsen. Plus, like-for-like sales slump 6.1% at Crawshaw in December as shoppers desert value meat chain.
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NewsHow Brexit is shaking up the grocery price landscape
The clearest picture yet of how Brexit is changing the way Britain eats, drinks and shops is revealed in our Top Products 2017 survey
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NewsCity snapshot: Highest inflation since 2013 drives 12-week grocery sales up 3.1%
Grocery sales for the 12 weeks to 3 December rose by 3.1%, according to the latest market share figures from Kantar Worldpanel
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NewsCity snapshot: P&H collapse set to cause £160m dent in Imperial Brands profits
Tobacco supplier Imperial Brands is preparing to take a £160m hit to its profits this year after the collapse of wholesaler Palmer & Harvey last night. Plus, positive full-year results send Britvic shares soaring; and food price inflation eases in November.