Finance news – Page 183
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NewsMedia Bites 13 Jan: Northern Ireland food supplies, The Hut Group, Carrefour
The UK’s major supermarkets have warned the government that an ‘urgent intervention’ is needed to prevent further disruption to NI food supplies
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NewsCity snapshot: Pink fizz and festive jumpers drive record Christmas at Lidl
Lidl increased overall sales 17.9% in the four weeks to 27 December compared to Christmas 2019 to outperform its big four rivals and Aldi. Plus, Just Eat sees orders surge again in fourth quarter as new lockdowns benefit the takeaway delivery app.
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NewsValeo Foods adds to snacking empire with Schluckwerder acquisition
Valeo Foods has bolstered its confectionery business with the acquisition of German marzipan and chocolate producer Schluckwerder
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NewsCity snapshot: Nichols annual sales drop 19% as out of home revenues slump
Vimto producer Nichols has reported a 19.3% drop in 2020 revenues as the coronavirus outbreak decimated out of home sales. Plus trading updates from The Hut Group, British Honey Co and Carr’s, while B&M founders sell £218m of shares and all the rest of the latest news from the City.
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NewsMedia Bites 12 January: Morrisons/Sainsbury’s, Brexit, M&S
Sainsbury’s has joined Morrisons in saying it will enforce the wearing of masks in its supermarkets.
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NewsNomad Foods confirms talks with Fortenova Group to buy frozen foods business
Birds Eye owner Nomad Foods is looking to extend the reach of its frozen empire in Europe after entering exclusive talks with Fortenova Group to buy the Croatian company’s frozen foods brands.
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NewsCity News: Christmas sales boom at Sainsbury’s and Morrisons impresses City
The market is used to supermarkets posting bumper sales during coronavirus, but sector sentiment was further boosted by Sainsbury’s saying its bumper Christmas sales would also lead to higher-than-expected profits
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NewsMedia Bites 11 Jan: Ocado, Brexit border disruption, M&S
Ocado has become the first large grocer to warn of stock shortages as it is hit by staff absences while hauliers grapple with extra customs controls after Brexit
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NewsCity Snapshot: Post Office delivers strong Christmas as online shopping booms
The boom in online Christmas shopping fuelled by the coronavirus crisis has seen the Post Office deliver a 17% rise in December sales. Plus, Commercial landlord British Land has collected less than half the rent due from its retail tenants in December as tightening coronavirus restrictions forced many shops to close once more.
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NewsKettle back in the black following sale to Valeo Foods
Bagged snacking brand Kettle has bounced back into the black following its acquisition by Valeo Foods, as the CapVest-owned group further expands its snacking empire
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NewsTesco named top big four player as grocers toast profitable Christmas
The grocery industry enjoyed a bumper Christmas despite shoppers paring back festive plans as coronavirus restrictions were tightened
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NewsCity Snapshot: Covid restrictions hit Christmas trading at M&S
Marks & Spencer has reported an 8.4% drop in third quarter sales, with food growth of 2.2% not enough to compensate for a plunge in general merchandise sales.
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NewsMedia Bites 8 Jan: Sainsbury’s, Brexit, B&M
Sainsbury’s has hiked its full-year profit forecast after sales surged by nearly a tenth during the key Christmas period
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NewsPrinces profits more than doubled in lead up to first lockdown, results show
It comes three years after Princes kicked off a major revitalisation plan to bring the business into the 21st century
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NewsCity Snapshot: Sainsbury’s raises profits guidance after festive growth of 9.3%
Sainsbury’s has posted Christmas like-for-like sales growth of 9.3% after releasing its festive trading update early due to it raising its profits guidance.
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NewsMedia Bites 7 Jan: Greggs, Asda, Northern Ireland
Bakery chain Greggs is heading for its first annual loss since the company was established 82 years ago
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NewsOnline drives Christmas grocery sales surge
Supermarket sales grew 8.4% over the festive period with almost £12bn spent at the grocers as online shopping surged during Christmas, according to Nielsen.
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NewsMedia Bites 6 Jan: Morrisons, Christmas grocery sales, UK/EU trade deal
Strong demand for luxury Christmas favourites helped to drive an 8.5% rise in sales at Morrisons over the festive period
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NewsFreshDirect completes sale to Ahold Delhaize and Centerbridge Partners
US online fresh food grocer FreshDirect has announced that it closed its sale to global grocery giant Ahold Delhaize and investment firm Centerbridge Partners.
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NewsMorrisons' Christmas sales surge 9.3%
Morrisons has reported a 9.3% growth in group like for like ex-fuel sales over the festive period as rising sales have mitigated the extra costs from the coronavirus tiering rules