Finance news – Page 351
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NewsCity snapshot: Ocado signs international supply deal with Sweden's ICA
Ocado has signed its latest international supply deal with Sweden’s leading grocery retailer, ICA Group, which has about 1,300 stores. Plus, new non-execs at PZ Cussons, Mondelez posts first quarter organic revenue growth of 2.4% and all the rest of the latest news from the City.
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NewsMedia Bites 2 May: Sainsbury's/Asda, Market share, Co-op/Nisa
The UK Pensions Regulator is in “active discussions” with Sainsbury’s about its proposed merger with Asda and the impact this will have on both companies’ retirement schemes
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NewsNew Fairtrade chair Mark Price insists it can 'bounce back'
Lord Price will take over the position from business strategy consultant Michael Jary
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NewsCity snapshot: Grocery growth eases to slowest rate for a year amid 'pivotal moment'
The overall grocery market grew at its slowest rate for over a year at 2%, while a combined Sainsbury’s and Asda would result in a combined entity with a potential grocery market share of 31.4% according to Kantar Worldpanel. Plus, the latest market share figures from Nielsen, Just Eat’s first quarter sales jump 49%, DS Smith posts pre-close update and all the rest of the latest news from the City.
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NewsMedia Bites 1 May: Sainsbury’s/Asda – analysis, predictions and song
A swathe of media coverage is dedicated to the shock Sainsbury’s and Asda merger announced yesterday, looking at the CMA investigation, industry consolidation and Sainsbury’s boss Mike Coupe’s show tunes.
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NewsLuxury cereal start-up Spoon seeks £250k investment from the crowd
The business, founded in 2013, is currently experiencing 100% like-for-like sales growth
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NewsSainsbury’s shares surge on Asda deal confirmation
Sainsbury’s shares have hit their highest level for almost four years this morning, surging 15% on the news that the UK’s second and third largest grocers have agreed merger terms.
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NewsSainsbury's posts underlying sales and profits rise but warns over banking arm prospects
Sainsbury’s has reported a rise in annual sales and underlying profits last year, but the group warned a “significant” drop in banking profits will hit earnings in its 2018/19 financial year.
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NewsSainsbury’s and Asda confirm £51bn mega-merger
Sainsbury’s and Asda have promised “a great deal for customers, colleagues, suppliers and shareholders of both businesses” as the two confirmed a mega-merger worth to create a £51bn retail giant.
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NewsMedia Bites 30 April: Sainsbury’s/Asda merger special
The markets held their breath over the weekend as they awaited official news released to the stock exchange this morning of the £15bn talks between Sainsbury’s and Walmart-owned Asda.
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NewsPip & Nut secures £1m from angels to fund growth plans
The new investment will fund a renewed marketing push and significant NPD
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NewsCo-op to appoint new CEO for Nisa after CMA all-clear
The Co-op has engaged headhunter firm Sam Allen Associates to conduct an executive search for the role
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NewsYo Sushi looks to expand into retail and food-to-go with Taiko
The purchase will help underpin Yo’s shift from restaurateur to a multi-brand, multi-format food group
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NewsVaping firm Supreme Imports announces plans for AIM float
City interest in Supreme took off after vaping regulations were resolved in May 2017
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NewsCity reacts as Whitbread announces Costa spin-off
One of the City’s longest-running sagas was finally settled this week
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NewsCity snapshot: Consumer confidence falls back again in April
GfK’s Consumer Confidence Index decreased two points in April 2018 – the 28th consecutive month without a positive overall index score, trading updates from Coca Cola European Partners, PepsiCo and Hershey after a busy day in the US and all the latest news from the City.
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NewsMedia Bites 27 April: Poundworld, Palm oil, Amazon
Poundworld is finalising plans to shut more than a quarter of its 355 shops to prevent financial collapse, with the discounter is expected to announce proposals for a Company Voluntary Arrangement during the first half of May
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NewsPepsiCo grows sales in first quarter but soft drinks continue to struggle
Sales at US snack and soft-drink giant Pepsico rose 4.3% in the first quarter of 2018, despite struggling soft drink sales.
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NewsPricing drives first quarter growth at CCEP as volumes slide
UK Coke bottler Coca-Cola European Partners has reported a 1% organic growth in sales despite the cold weather and “customer challenges” causing a 2.5% slip in volumes.