All articles by Charlie Wright – Page 46
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Cadbury confirms 580 jobs to go in new round of cuts
Cadbury is to slash almost 600 jobs from its workforce – including staff from its UK head office – despite yesterday posting a rise in sales for the past three months of 11%.
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Cadbury splits regions as UK sales surge 11%
Cadbury has announced robust third-quarter financial results and is to overhaul its regional management structure as part of a continuing bid by the confectionery giant to drive down costs.
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Morrisons movie tracks apple from tree to till
Morrisons has produced a film that follows its apples from orchard to its shelves in a bid to highlight its credentials for offering UK-sourced fruit and vegetables.
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Ad of the Week: Guinness bangs the drum
Good things come to those who wait… and Guinness has finally moved on from that age-old slogan in its latest onscreen extravaganza.
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Thorntons checks in modest first quarter
Thorntons has announced a modest rise in like-for-like sales of just under 1% for the past three months.
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UK ‘facing food crisis’
A food crisis is likely to hit the UK and could have a major impact on coming elections, according to a stark warning from influential thinktank Chatham House.
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Food sales slump as M&S struggles
Food sales at Marks & Spencer have nosedived by almost 6% over the last three months, the struggling high street icon revealed today. And the day after fashion retailer ASOS reported a 104% rise in sales, M&S also saw a dip in clothes sales of 3.5% for the period.
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Cadbury CFO quits for car company
Cadbury has announced the departure of its chief financial officer, Ken Hanna. Hanna is leaving the confectionery giant after five years to become chairman of FTSE 250-listed car retailer Inchcape from May next year.
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Cadbury caught up in China milk alarm
Cadbury has been caught up in the Chinese milk scandal amid fears that chocolates made by the confectionery giant could be contaminated with melamine.
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Muslim worker sues Tesco in alcohol row
Tesco is facing legal action from a Muslim former employee who quit the his job with the supermarket giant “in protest” after having to carry alcohol as part of his duties.
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Ice cream maker Hill Station freezes trading
The future of Loseley ice cream manufacturer Hill Station was hanging in the balance today after shares in the premium ice cream manufacturer were suspended from trading, for the second time, yesterday.
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Co-op’s Marks next to say food inflation has peaked
The Co-operative Group has joined Andy Bond in claiming food inflation has peaked, less than two weeks after the Asda chief predicted prices would soon start to fall.
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Confident Co-op unveils record H1 performance
The Co-operative Group has underlined its readiness to join a supermarket 'big five' as its food division pushed the group to record profits and sales for the first half of the year.
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Tesco pulls sweets in wake of China milk scare
Tesco has withdrawn from sale a line of Chinese sweets known as White Rabbit Creamy Candies as the fall-out from the China milk scandal continues to spread.
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Waitrose, Booths shake on surprise buying alliance
Waitrose has signed a surprise deal with supermarket rival Booths to pool their resources and share buying duties on a range of products. Booths, which enjoys a similarly upmarket reputation to its larger partner, will co-operate with Waitrose on sourcing a number of products in a bid to lower costs.
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Ex-Asda chief Leighton ends Royal Mail tenure
Allan Leighton, the former boss of supermarket giant Asda, is to step down from his role as chairman of Royal Mail next year. Leighton, who headed Asda as chief executive during the 1990s alongside former chairman Archie Norman, will stand down from his current role by March.
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Ad of the Week: Domestos calls in the Grotbuster
Unilever’s latest ruse to clean up in household goods is a triptych of ‘How to’ movies plugging the Domestos Grotbuster on Videojug (imagine a professionally shot, vaguely useful version of YouTube with far fewer users). Explicitly targeting female...
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Glenfiddich maker extends Euro tie-up
William Grant & Sons, the distiller behind Glenfiddich scotch, has agreed a deal with continental rival Remy Cointreau that will see the duo share distribution duties across a number of European markets.
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Tate & Lyle stays positive as FD hunt begins
Tate & Lyle has said it expects first-half profits to be in line with earlier predictions despite tough market conditions and soaring energy costs in the UK and abroad. Tate & Lyle said that despite “[operating] in a very difficult market while surplus stock is absorbed against a backdrop of reducing institutional prices” it was confident “market equilibrium between supply and demand for EU sugar [would] be restored”.
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Dairy giant shaken by China baby milk deaths
Arla Foods, the Scandinavian dairy processor, has been linked to a growing scandal in China over the contamination of baby milk that has so far resulted in three deaths and thousands falling ill. Arla’s Chinese joint venture partner, Mengniu Dairy, has emerged as one of more than 20 companies whose formula milk had tested positive for melamine contamination.