Finance news – Page 308
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NewsMedia Bites 11 January: Tesco, Marks & Spencer, John Lewis
Tesco achieved its highest rate of Christmas sales growth in the UK since December 2009
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NewsTesco holds supplier meetings over Brexit stockpiling
Tesco wanted to do what it could with suppliers to minimise disruption, said Lewis
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NewsCity snapshot: Tesco outperforms market with 2.6% festive sales growth
A hectic morning sees Christmas trading updates from grocery stalwarts Tesco, John Lewis Partnership, Marks & Spencer as well as B&M, C&C Group, McBride and Hilton Food Group.
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NewsMedia Bites 10 Jan: Sainsbury's, UK retail, Greggs
“Shoppers pull the plug on Sainsbury’s Christmas sales” is headline in The Times (£) as the supermarket’s sales fell back over Christmas.
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NewsSainsbury's attributes falling sales to cautious shoppers
Like-for-like sales from Argos stores open for over a year in Sainsbury’s supermarkets increased 10% year on year
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NewsHartley's & Mulberrys off-licence owner appoints liquidators
Its creditor BNP Paribas Leasing Solutions petitioned to have the business wound up in December
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NewsSainsbury's festive sales fall 1.1% despite grocery growth
Sainsbury’s has blamed “cautious consumer spending” for a 1.1% fall in like-for-like sales over the Christmas period, Naked Wines has driven growth at Majestic, and much more on a busy day in the City
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NewsMedia Bites 9 Jan: Morrisons, Grocery market share, John Lewis
Morrisons reported a like for like festive sales jump of 3.6%, though its core retail business grew by a more modest 0.6%
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NewsIceland still selling own-label palm oil products
About 30 Iceland own label products containing palm oil remain on sale
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NewsAndrew Mann joins M&S to lead on customer loyalty
Mann was previously Asda’s vice president of insight, pricing & digital customer relationship management
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NewsWholesale growth drives 3.6% Morrisons Christmas sales rise
Morrisons has reported a like for like festive sales jump of 3.6%. Plus market share data shows a slowdown in grocery growth over Christmas.
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NewsMedia Bites 8 Jan: Aldi, Supermarket price cuts, Luke Johnson
Aldi rang up nearly £1 billion of sales in December in another record period for Christmas trading in Britain
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NewsKit's Peanut Chutney reaches out to crowd for £100k cash boost
The unique condiment brand was founded last year by former Candy Kittens head of digital marketing Max Maharajh and his uncle Kit
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NewsMindful Chef secures £6m investment from PE firm Piper
The healthy recipe box business received the cash boost to drive rapid growth plans
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NewsSelfridges reports 8% rise in sales for Christmas period
Sales were up also up 8% in the week leading up to Christmas 2018
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NewsMedia Bites 7 Jan: Marks & Spencer, Morrisons, Christmas trading
Marks & Spencer is set to lose the battle of the Christmas aisles as its struggling food arm posts its worst festive performance for a decade
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NewsMeal kit supplier Gousto secures £18m cash injection
The direct-to-consumer business received the funding from fitness guru Joe Wicks, alongside a group of existing investors
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NewsUS expansion puts Baxters back in the black
Soup maker Baxters Food Group is back in the black after a year of US expansion grew sales.
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NewsCheaper Christmas as festive food costs 0.4% less than 2017
The cost of Christmas fare fell in 2018 after a currency-fuelled spike in supermarket inflation sent food prices soaring back in 2017.