Finance news – Page 290
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NewsBlocked Asda deal costs Sainsbury’s £46m
Sainsbury’s collapsed merger with Asda cost it £46m in the year to 9 March, contributing to one-off costs that drove a 41% reduction in pre-tax profits to £239m.
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NewsMedia Bites 1 May: Sainsbury’s, Tesco, Mondelez
Sainsbury’s has overtaken Asda to reclaim its place as the UK’s second-largest grocer by market share.
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NewsBeyond Meat ups float ambitions
Beyond Meat has raised its price guidance for its US IPO, now valuing the meat alternatives manufacturer at up to $1.5bn.
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NewsGrocery sales growth hits 2019 high thanks to bumper Easter
The grocery sector is growing at its fastest rate this year thanks to a record £2.5bn Easter spend when shoppers took home £335m of Easter eggs and seasonal chocolate.
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NewsMedia Bites 30 April: Sainsbury’s, High Street, Whisky
Sainsbury’s has launched the nation’s first till-free grocery store at its Local convenience branch at Holborn Circus, in the City
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NewsTesco gives Clubcard members up to 50% off range of products
Customers will get money off ‘a whole range of products, from coffee to cat food, as well as F&F clothing and BBQ tools in…
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NewsSainsbury's opens first till-free store
Customers will scan their shopping with their smartphones, bag it and leave the till-free Holborn store
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NewsOcado shares hit by robot electrical fault fire admission
Ocado shares dropped 2.7% this morning to their lowest level in a month after news emerged late on Friday that the fire that devastated its Andover warehouse in February was caused by an electrical fault related to the charging of its robots.
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NewsMedia Bites 29 April: Sainsbury's, Ocado, Hop Stuff
Mike Coupe is expected to come out fighting at the company’s full-year results later this week, having secured the backing of the board after the collapse of his plan to buy rival Asda
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NewsBeyond Meat aims for $1.2bn valuation despite mounting losses
Plant-based protein poster child Beyond Meat is aiming for a stock market valuation of over a billion dollars after outlining plans to raise investor cash to underpin its global expansion ambitions.
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NewsThe Curators raises seven-figure funding boost from investors
Premium meat snacks specialist The Curators has received a seven-figure funding boost to build its brand and expand further into the high-protein snacking category.
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NewsSignature Flatbreads profits treble back under family control
Private label tortilla and naan manufacturer Signature Flatbreads has grown sales and profits in the year the company was taken back under family ownership.
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NewsZetar confectionery and snacks divisions return to profit
Confectionery and natural snacks maker Zetar has turned a corner after two years of losses.
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NewsJoe & Seph’s wins funds to back push into posh confectionery
Gourmet popcorn brand Joe & Seph’s has clinched new funding from the Business Growth Fund to support the launch of new premium confectionery ranges.
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NewsCloud computing and advertising behind record Amazon profits
Amazon also announced plans to spend $800m cutting delivery times for Prime members
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NewsScotmid Co-operative posts 11% profit boost after hot summer
Strong sales across its food business boosted by the hot summer were the key drivers
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NewsMike Coupe rages at CMA as Sainsbury's-Asda deal dies
The final report, issued on Thursday, concluded the merger would lead to rising prices and reduced quality for UK shoppers
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NewsCity snapshot: Just Eat first quarter sales rise 28% as UK slows down
Online takeaway marketplace Just Eat has reported a 28% jump in first quarter sales to £227.9m, despite a slowdown in UK sales. Plus, Sainsbury’s shares sink to 30-year low and all the rest of the latest news from the City.
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NewsMedia Bites 26 April: Sainsbury's/Asda fallout special
The papers look at the ramifications of the collapse of the £12bn Saisbury/Asda merger and what is next for the two supermarkets and their management teams.
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NewsMüller considering closure of UK dairies in cost-cutting push
The move is part of the dairy giant’s far-reaching Project Darwin cost-cutting drive