Finance news – Page 315
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NewsMedia bites 20 November: Consumer spending, Energy drinks, Beyond Meat
Online shopping and food retailers are forecast to be the winners this Christmas as consumers keep a tight rein on spending on clothing, homewares and other non-food items
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NewsNational Lottery ticket sales leap by 5.4% this year
Sales across the National Lottery’s range of scratchcards and online instant win games also rose by £136m
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NewsThird quarter earnings slump 9% at Dole after oversupply
Earnings fell 9% for the third quarter at fresh produce supplier Dole, after an oversupply resulted in lower pricing
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NewsMedia Bites 19 Nov: Brexit, Colman's, Kimberley-Clark
Britain is running out of food warehousing space as retailers and manufacturers rush to stockpile amid growing fears of a no-deal Brexit
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NewsThe Ethical Butcher seeks £350k to launch direct-to-consumer arm
The meat wholesaler has launched a Crowdcube campaign to fund the new service for carbon negative meat
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NewsUS-based Lineage Logistics acquires Yearsley Group
The deal was struck due to synergies between both businesses operating models
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NewsScandal-hit Patisserie Valerie hires ex-Tulip boss Francis as new CEO
Francis has replaced Paul May at the helm of the crisis-hit bakery chain
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NewsWorld foods supplier TRS Group eyes sale
The £109m-turnover business hired advisors Stamford to prepare for a sale early next year, The Grocer understands
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NewsPremier to seek 'over £100m' from Ambrosia sale, say analysts
The company confirmed plans to divest its third-largest brand on Tuesday 13 Nov, as Gavin Darby announced his departure
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NewsCity snapshot: Asian foods specialist TRS Group seeks buyer
World foods supplier TRS Group is eyeing up potential buyers after the £109m-turnover business hired advisors to prepare for a sale, The Grocer understands. Plus, Imperial Brands responds to new proposals to regulate vaping and menthol product sales and all the rest of the latest news from the City.
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NewsMedia Bites 16 Nov: Asda, US tobacco bans, Patisserie Valerie
Asda revival continues as sales rise again, writes The BBC as the media also reports on US restrictions on vaping and menthol tobacco and boardroom changes at Patisserie Valerie.
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NewsAsda reports sixth quarter of like-for-like sales growth
Asda said it had benefited from a 13.8% growth in online grocery sales in the quarter
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NewsFirst brand launched by Danone accelerator scheme rolls out
Ayem is a bircher-style breakfast pot brand made from a blend of almonds, milk, fruit and seeds
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NewsRetailers and wholesalers join action against Europe lorry cartel
Poundland, Lincolnshire Co-op and JJ Food Service have joined a group action
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NewsDevro warns on volume growth over Russia slowdown
Sausage skin supplier Devro has warned that weaker than expected sales in Russia will result in lower than expected full year sales volumes as it begins the search for a new chairman.
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NewsMedia Bites 15 Nov: Brexit, Inflation, Campbell Soup
The chancellor and the business secretary thanked dozens of senior figures from FTSE 100 companies last night for their stark warnings over the impact of a no-deal Brexit.
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NewsCMA reveals supplier fears over Sainsbury's-Asda merger
Two suppliers, who both asked to remain anonymous, have set out their concerns about the merger
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NewsScience in Sport to acquire PHD Nutrition for £32m
Sports nutrition supplier Science in Sport is set to acquire protein brand PHD Nutrition in a £32m deal.
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NewsMedia Bites 14 November: Premier Foods, B&M, Supermarket sales
Premier Foods’ chief executive Gavin Darby will step down after six years at the helm of the maker of Mr Kipling cakes
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NewsGrocery spending slows down in October
Grocery shoppers spent less in October 2018 compared to the same time last year, according to newly released grocery market share data from Nielsen and Kantar Worldpanel.