Alec Mattinson
Alec was previously The Grocer's finance editor
Contact info
- Tel:
- 01293 610512
- Email:
- [email protected]
NewsInnocent slashes annual losses on factory ramp-up and market share gains
Innocent Drinks has slashed its losses after heavy investment in its new Rotterdam factory drove efficiencies amid rising sales and regaining market share
NewsValeo ‘on track to be sweets champ’ despite ongoing losses
Valeo Foods is on track to become “the undisputed European sweets and treats champion” despite annual losses topping €100m, its boss has said.
NewsChristmas retail deflation likely to be temporary reprieve
Shop prices fell in December, according to the monthly BRC-NIQ shop price index, but the report predicts economic headwinds this year will see the return of higher prices
NewsMeek Christmas fails to save 2024 retail trading
UK retail sales increased by just 0.7% last year after a weak final quarter, as non-food sales remained in decline despite persistent inflation
Analysis & FeaturesStock market review of 2024: who were the major risers and fallers in the City?
M&S and Greencore were among the City’s major winners for 2024, while Ocado and B&M had a tough year
NewsKroger’s $25bn takeover of Albertsons collapses over regulatory objections
Kroger’s $25bn North American grocery mega-merger with Albertsons has been called off after Albertsons terminated the merger and vowed to sue its larger contemporary
NewsEG Group refinances $3.5bn of loans to unlock investment cash
Forecourt giant EG Group has refinanced $3.5bn of debt as it continues to deleverage and unlock additional cash to invest in the business
NewsBuckfast sales jump despite ‘unprecedented’ duty hike
Sales of Buckfast jumped by 11.8% last year despite the fortified wine brand facing an “unprecedented” duty increase and pressures from the rising cost of living
NewsCocoa-free chocolate startup Planet A Foods raises $30m for global scale-up
B2B foodtech startup Planet A Foods has raised a further $30m to fund international expansion, including a launch into the UK in 2025
NewsSurya Foods takes major stake in popped seeds brand Karma Bites
World foods player Surya Foods has boosted its global snacking portfolio by acquiring bagged snacks brand Karma Bites
NewsCommodity prices help Treatt bounce back from destocking
Global ingredients player Treatt bounced back from a weak first quarter to grow full-year revenues and profits as higher commodity prices and growth in China boosted performance
NewsCold brew coffee player GoodBrew seeks crowd cash for UK retail push
Dublin-based cold brew coffee startup GoodBrew is seeking €500k from crowd investors to underpin a push into UK retailers next year
NewsButternut Box reports surge in sales surge with losses cut
High-growth fresh petfood brand Butternut Box continued its rapid European expansion last year while cutting losses as margins improved
NewsKiril Mischeff buys Italian foods specialist Annessa Imports
Annessa imports Italian goods and them to the retail and foodservice trade
NewsWaken Mouthcare seeks £900k to follow in Bulldog Skincare’s footsteps
Waken Mouthcare is seeking to raise £900k via crowdfunding to grow retail listings and boost marketing
NewsAssociated British Foods boosts profitability despite damp summer
Associated British Foods shrugged off a damp UK summer and sharp drop in sugar prices at the end of the year to deliver annual profitability above expectations
NewsOatly cuts losses as it targets profitable growth
Listed plant milk group Oatly moved close to breaking even in its third quarter as it continues its turnaround efforts to get into the black
NewsKP Snacks enters nut butters with Whole Earth Foods deal
KP Snacks has moved into the nut butter category with the acquisition of branded leader Whole Earth Foods
Analysis & FeaturesWhy is Unilever selling its ice cream business?
Unilever wants to spin off its £7bn-sales global ice cream business. Why? Who wants to buy it? And will it work?
NewsCity News: Carlsberg hikes profit expectations after ‘exciting year’
Carlsberg has hiked its profit expectations after “an exciting year” of volume growth, despite sales being held back by bad weather in Europe