Finance news – Page 361
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NewsGrocery retail market share for 12 weeks to 25 February 2018
Morrisons pulled level with Tesco as the fastest-growing grocer during the 12 weeks to 25 February 2018
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NewsJust Eat's City halo slips on earnings guidance cut
The company admitted to far higher investment requirements than anticipated
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NewsTwo-thirds wiped off value of Conviviality after shock profits warning
Shares in Bargain Booze owner Conviviality plunged by more than two-thirds after the alcohol retailer and wholesaler issued a shock profits warning.
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NewsCity snapshot: Inflation gap between Tesco and rivals expands
The inflationary gap between Tesco and its big four rivals has reached a new high even as inflation across the big four supermarkets flattens. Conviviality shares hammered after shock profits warning, Yeo Valley profits hit by rising milk prices and all the rest of the latest news from the City.
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NewsMedia Bites 9 March: The Co-op, John Lewis/Waitrose, Conviviality
A bumper day of grocery news sees heavy coverage of the investigation into The Co-op’s treatment of suppliers, John Lewis Partnership’s trading troubles and a share price plunge at Conviviality.
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NewsSoaring milk prices hit profits at Yeo Valley
Yeo Valley returned to top-line growth last year, but profits were hit by soaring milk prices and the devaluation of the pound as the business prepares to sell its dairy arm to Arla Foods.
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NewsKFC returns to Bidvest after chicken supply crisis
The fast-food chain had egg on its face after axing Bidvest in favour of DHL
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NewsKraft Heinz hunts for organic and 'authentic' brands with startup incubator programme
The fmcg giant has launched Springboard, a new platform to nurture and support fast-growing disruptor brands
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NewsWaitrose profits down by more than a third
Operating profit before exceptional items was down 32.1% to £172 million for the 52 weeks to 27 January
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NewsAdjudicator launches investigation into Co-op over supplier delistings
Adjudicator Christine Tacon says ’there is reasonable suspicion’ that the retailer has been systematically delisting suppliers and is appealing for more information
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NewsCity snapshot: Domino's defies UK consumer caution with sales jump
Domino’s Pizza Group, the UK-based master franchise business, has shrugged of a the struggles of the high street dining sector by posting a double-digit rise in revenues. Plus all the rest of the latest news from the City.
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NewsMedia Bites 8 March: Jack Daniel’s, Energy drinks, John Lewis
The company behind Jack Daniel’s whisky has warned that it could become “an unfortunate and unintended victim” of Donald Trump’s steel tariff proposal
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NewsPotatoes and asparagus hit by 'Beast from the East' weather
Impact of last week’s weather could delay start of the asparagus season in some affected areas by about two weeks, growers have warned
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NewsAsahi loses big four listings after Super Dry beer relaunch
Tesco, Asda, Morrisons and Sainsbury’s have all dropped the beer since it relaunched in January with a new recipe
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NewsCity snapshot: Stock Spirits profits hit by tough conditions in Poland
Central and Eastern European spirits producer the Stock Spirits Group has revealed a year-on-year increase in revenue and sales, but a decrease in profits on troubles in its core Polish business. Plus, Aldi signs up to UK Plastics Pact, FTSE 100 dips on trade worries and all the rest of the morning’s news from the City.
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NewsMedia Bites 7 March: Sainsbury's, Just Eat, Coca-Cola
Sainsbury’s is facing opposition to a pay shake-up it says will give its 130,000 store staff a “leading rate” in the sector
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NewsStrong US performance returns PureCircle to double-digit growth
Stevia sweetener producer PureCircle has returned double digit growth of 13.3%, driven by an excellent performance in the United States and Europe.
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NewsJust Eat shares plunge 11% after shock £180m write-down
Just Eat shares have dropped by 10.8% today after the company revealed a £180m write-down on the value of its Australian and New Zealand business drove it to a £76m full-year loss.
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NewsSainsbury's to boost wages of in-store staff
The supermarket proposes to introduce the new base national pay rate from September, trumping Aldi’s £8.85ph….
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NewsFreya Birch Spirit kicks off £750k funding drive to boost expansion
The brand’s owner, Pure Wild Spirits, has launched a campaign with online investment platform Growthdeck…