Finance news – Page 234
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NewsFood industry hits out at ‘very slow’ government coronavirus response
The Food Chain Emergency Liaison Group is meeting today for the first time since the outbreak
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NewsWaitrose ‘not for sale’ in new John Lewis Partnership review
The retail chain has announced three Waitrose stores will close later this year
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NewsIndustry calls on chancellor to rethink plans for plastic tax
In a letter to the Chancellor, the FDF warned the planned tax was a ‘blunt approach’ which punished all manufacturers
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NewsHancock: ‘Government working with supermarkets to supply self-isolators’
His intervention comes amid growing fears that supermarkets could face panic buying
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NewsCity snapshot: Waitrose sale ‘not up for debate’ in John Lewis turnaround plan
John Lewis Partnership chairman Sharon White has insisted a sale of Waitrose is not on the table as the group revealed a wide-scale strategic review.
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NewsMedia Bites 6 March: John Lewis/Waitrose, Domino’s Pizza, Coronavirus
Partners at John Lewis will receive their lowest annual bonus since 1953 as new chair Sharon White embarks on an overhaul likely to result in store closures.
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NewsCharlie Bigham’s propelled back into the black with sales boost
Upmarket ready meals supplier Charlie Bigham’s has rebounded back into the black, driven by stellar sales growth that continues to defy the wider slump in the ready meals market.
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NewsBig Drop seeking £500k to push non-alcoholic craft brewing
Alcohol-free craft brewer Big Drop Brewing Co has kicked off a half-a-million pound fundraising drive to underpin its efforts to take the craft revolution to the growing no-alcohol market.
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NewsTulip consults over future of Tipton fresh pork plant
It is planning to shift production to other sites
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NewsCity snapshot: John Lewis profits drop 23% amid writedowns and bonus cut
The John Lewis Partnership has reported a 23% plunge in underlying pre-tax profits while taking a writedown of over £100m on its John Lewis store estate and cutting its staff bonus to 2%. Plus, updates from Domino’s Pizza, Total Produce, Origin Enterprises, PureCircle and all the rest of the latest news from the City.
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NewsMedia Bites 5 March: Tesco, John Lewis/Waitrose, Intu
Tesco is to price-match Aldi on hundreds of branded and own-label goods in a sign of growing confidence in its ability to win back customers from the German-owned discounters.
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NewsTesco to begin price matching Aldi across hundreds of products
The campaign includes both own label and branded goods and will also apply to products ordered online at Tesco.com
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NewsUS trade deal could ‘do more harm than good’ to UK economy
More than three quarters of the global supply chain managers surveyed expressed concern that the government will sacrifice food standards and worker protections
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NewsSupermarkets sell out of hand sanitiser amid coronavirus panic-buying
Tesco, Asda, Sainsbury’s, Morrisons and Waitrose currently have no hand sanitiser SKUs available to buy online
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NewsGreggs hints at expanding concessions across big four grocers
CEO Roger Whiteside said today that if the new trial with Asda was a success, other supermarket rivals may be interested
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NewsCoronavirus threatens British pork production as China exports collapse
With exports to China dwindling since the outbreak of Covid-19, supplies are piling up in British warehouses
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NewsCity snapshot: DS Smith delivers ‘robust’ Christmas performance
FTSE 100 packaging giant DS Smith said it had delivered robust performance since 1 November despite macro-economic uncertainty. Plus, Devro falls to loss amid factory writedowns and all the latest news from the City.
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NewsMedia Bites 4 March: Greggs, Grocery market share, Reckitt Benckiser
The popularity of vegan sausage rolls has resulted in record profits for Greggs, but the bakery chain said yesterday that stormy weather had depressed sales last month as it raised concerns about the impact of the coronavirus outbreak.
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NewsTesco reissues 600,000 Clubcards following online scam
The supermarket said it had discovered attempts by fraudsters to use usernames and passwords stolen from other platforms
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NewsHenderson Foodservice reports 23% surge in sales
MD Cathal Geoghegan attributed the rise to acquisitions and organic growth