Finance news – Page 341
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NewsCity snapshot: Kroger soars on first quarter earnings jump
Shares in US supermarket group Kroger jumped 9.6% yesterday after it announced first quarter earnings comfortably above analyst expectations. Plus all the rest of the latest news from the City.
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NewsMedia Bites 22 June: CO2, Heineken/Beavertown, Premier Foods
Food and drink producers on Thursday warned that a carbon dioxide shortage threatens to halt production and disrupt supply chains across Britain, prompting the UK government to say it was “working to find a solution” to the problem, writes The FT.
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NewsPremier Foods rallies support as activist investor calls for Gavin Darby's departure
Activist investor Oasis Management “intends to vote against” the re-election of Premier Foods CEO Gavin Darby at the company’s AGM next month.
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NewsCO2 crisis: Government urged to step in to prevent shortages
The FDF says there is a worrying lack of clarity over how long shortages will last and what will be done to resolve them
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NewsBeer, fizzy drinks, chicken and meat hit by CO2 shortages
Supplies are running dangerously low right in the middle of World Cup fever and the crucial summer barbecue season
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NewsCity snapshot: Woolworths' £1bn forecourt sale to BP scrapped
Australia grocer Woolworths has announced the proposed A$1.8bn (£1bn) sales of its forecourt business to UK-based energy giant BP has been scrapped due to competition concerns. Plus pay dips for B&M boss Simon Arora and all the rest of the latest news from the City.
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NewsMedia Bites 21 June: Sainsbury's/Asda, Ocado, Poundworld
“MPs pour scorn on Sainsbury-Asda merger” is the headline in The Times (£) after The bosses of J Sainsbury and Asda were accused of lying to MPs.
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NewsM&S Bank to 'totally restructure' branch management roles
The retailer’s banking business is reviewing roles and consulting with employees to redeploy as many as possible
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NewsSainsbury's and Asda bosses given rough ride by Efra MPs about merger
The bosses of Sainsbury’s and Asda were quizzed by MPs about their proposed mega-merger today
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NewsHeineken hit by stock issues amid ongoing CO2 shortage
The brewer has emailed pubs alerting them to plummeting stock levels of Amstel and John Smith’s
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NewsCity snapshot: Starbucks' third quarter to undershoot expectations
Starbucks has announced new sales forecasts for its third quarter trading significantly below analysts’ expectations. Plus, Dairy Crest boss Mark Allen’s pay doubled last year to £2.6m and all the rest of the latest news from the City.
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NewsMedia Bites 20 June: Asda/Sainsbury's, Carbon dioxide, Dairy Crest
MPs have been warned that the £12 billion merger of J Sainsbury and Asda could have “unintended consequences” that will hit British farmers and smaller suppliers hard.
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NewsUK braced for fizzy drinks shortages as suppliers scramble for CO2
A Europe-wide shortage of CO2 is hitting production of carbonated drinks, with sources describing the situation as a ‘mad scramble’ and ‘a perfect storm’
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NewsNew logistics deal for Morrisons and DHL to create 500 jobs
The supermarket has awarded a contract for DHL Supply Chain to manage its wholesale logistics operations for six years
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NewsNestlé to build £55m UK logistics warehouse
Nestlé is investing £55m into creating a state of the art logistics warehouse in the UK, which it claims will be one of the most advanced distribution centres in the world.
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NewsMedia Bites 19 June: Sainsbury's/Asda, Ocado, Deliveroo
The proposed £7.3bn merger of supermarkets Asda and J Sainsbury could endanger competition, encourage price co-ordination and result in suppliers charging higher prices to smaller retailers.
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NewsWilliam Jackson swoops for food service ingredients specialist Wellocks
William Jackson Food Group has further built its food service portfolio with the acquisition of ingredients supplier Wellocks.
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NewsM&S new chief finance officer to join in July
Singer will be working closely with CEO Steve Rowe and the senior leadership team as they continue to accelerate the pace
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NewsCMA responses to Sainsbury's-Asda deal reveal widespread concerns
It is understood the authority received around 30 responses from individual accompanies and a raft of trade bodies, most of which are believed to have been hostile to the deal
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NewsTesco chairman pledges more diverse board
‘We aren’t there as fully as we need to be’ on diversity, John Allan has said