Channels news – Page 95
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NewsCity News: Ocado shares soar 19% as investors sense ‘jam today’
Ocado shares soared 19% on Tuesday as the grocery tech group outperformed City expectations in the first half, but analysts remain spilt over future prospects.
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NewsCity snapshot: THG sells unwanted OnDemand and ProBikeKit assets
THG has offloaded its unwanted OnDemand business to the division’s management team as part of a strategic review to “simplify and streamline” operations. Plus, UK retail sales beat expectations in June but consumer confidence fell July as household resilience “collapsed”.
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NewsCake Box rejects takeover offer from The Cheesecake Shop owner
Fresh cream cakes retailer Cake Box has rejected a 160p a share offer from an Australian asset management firm as “materially undervaluing” the company
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NewsFarm Shop & Deli Retailer Awards 2024 open for entry
These free-to-enter awards celebrate specialist food and drink retailers and recognise their achievements in the independent retail market
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NewsM&S chief blasts Michael Gove over blocked Oxford Street store plans
The plans were rejected by Gove today on the grounds the public benefits would not outweigh harm to nearby heritage sites
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NewsDefra director David Kennedy to leave for private sector role
Kennedy spent six years at Defra and eight years in total in the civil service, and is now moving on to a role at EY
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NewsArla and Asda extend own label dairy supply deal
The tie-up was described by the pair as ’the UK’s largest private label dairy contract’
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NewsCompetition watchdog probe clears supermarkets of profiteering
The next stage of the probe will look at whether large branded suppliers hold too much sway in negotiations
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NewsSainsbury’s increases number of Aldi Price Match lines by a quarter
However, the recent expansion has involved Sainsbury’s matching a number of different SKUs to a single one at Aldi, helping boost the total
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NewsSysco launches three-tier own-brand range
The ‘Brands’ range includes a selection of products from basic everyday items to more premium ingredients
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NewsOcado ‘gaining customers from the discounters’
The online supermarket this week posted a 10.6% increase in active customers
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NewsPetrolPrices ‘optimistic’ it can win fuel-finding forecourt pricing scheme contract
PetrolPrices lists forecourts by price within a five-mile radius, which is generally updated every 24 hours
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NewsTesco demands suppliers make healthy products more affordable
The move comes as Tesco this week launched its biggest range review since Dave Lewis’s Project Reset
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NewsDepop founder’s foodie app launches chef-made own-label range
Like other products on the platform, they can be collected directly from producers or sent for delivery across the UK
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NewsSupermarkets called to make or break talks in fuel ‘rip-off’ row
Earlier this month the Competition & Markets Authority (CMA) announced plans for a fuel finder scheme
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NewsAmazon to shutter three Fresh stores, including its first physical retail site outside US
Staff at the soon-to-close stores have been offered new roles in nearby Amazon Fresh stores
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NewsPlanet Organic to review all ranges as part of rebuild under Renée Elliott
Elliott is currently writing a business plan for the financial year from September
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NewsKnoops appoints William Gordon-Harris as CEO after 78% growth this year
The business said Gordon-Harris would focus on growing the skillset of the organisation’s senior management team
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NewsGetir selling off bikes, cabinets and delivery boxes as it shutters dark stores
Listing on the Sanderson Weatherall website notes the items are for sale “due to the closure of retail hubs”
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NewsDunns Food & Drinks to expand workforce as it targets £50m turnover
The wholesaler said it planned to grow its team of 116 to more than 130