Finance news – Page 380
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NewsKevin Lane to step down as Ornua CEO in June 2018
Lane has overseen international and domestic expansion for the Irish dairy co-op
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NewsBAT set for second half profit growth but currency tailwind reduces
British American Tobacco has issued a second half pre-close trading update, stating it is on course to hit earnings growth expectations amid market share growth, but currency tailwinds are declining.
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NewsMedia Bites 13 Dec: Grocery market share, P&H, Shopping centres
Shoppers prepare for £4.2bn Christmas supermarket sweep, writes The Times (£) on yesterday’s market share figures.
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NewsMorrisons and Sainsbury’s shares plunge on market share losses
Shares in both Morrisons and Sainsbury’s have fallen by over 4.5% today on poorer than expected performance in the latest grocery market share figures from Kantar Worldpanel and Nielsen.
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NewsUK inflation rises to highest level since 2012
The UK Consumer Prices Index has risen to 3.1% in November – its highest level since March 2012.
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NewsMedia Bites 12 Dec: Whitbread, Transport, Tesco
An activist investor that has built a position in Premier Inn and Costa Coffee owner Whitbread is likely to push for a break-up, a shareholder has predicted.
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NewsCity snapshot: Highest inflation since 2013 drives 12-week grocery sales up 3.1%
Grocery sales for the 12 weeks to 3 December rose by 3.1%, according to the latest market share figures from Kantar Worldpanel
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NewsExperts warn meat tax would gamble with consumer health
Mick Sloyan of AHDB warned a meat tax was an “incredibly blunt tool for a complex problem”
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NewsLactalis salmonella scare 'does not affect UK' FSA confirms
Some 620 products have been withdrawn following outbreak linked to factory in north-west France
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NewsSnow across UK disrupts online grocery orders
Sainsbury’s has warned of potential delays due to adverse road conditions
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NewsCautious consumers to sap 'sparkle' from Christmas trading - BRC warns
Black Friday deals helped improve shopper footfall in November but depleted consumer confidence could prove a drag on Christmas trading, the British Retail Consortium warned.
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NewsMedia Bites 11 December: Flora, Ocado, Iceland, Steinhoff
Flora margarine is on the verge of changing hands as bidders prepare to submit formal offers for Unilever’s £6bn spreads business, according to reports in the weekend’s papers.
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NewsTesco inflationary price hikes outstrip big four rivals
Tesco shares were boosted after Goldman Sachs suggested it was passing on less of the inflationary pressures to customers
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NewsChris Edwards to drive recovery of Poundstretcher as CEO
Value retailer Poundstretcher is understood to have brought in former Poundworld boss Chris Edwards to lead its battle against falling sales
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NewsGraham’s Family Dairy profits fall 9% despite double-digit sales jump
Scottish dairy group Graham’s has boosted annual revenues by 20% but profits declined 9% as margins remained tight amid challenging industry conditions.
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NewsDublin delivery service Buymie sources funds for UK launch
Start-up has raised £328,700 on Crowdcube in 10 days
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NewsDunnhumby hit by £33m loss in wake of new Tesco terms
With Tesco abandoning its £2bn sale in 2015, Dunnhumby fell to a £33m pre-tax loss in the year to 28 February 2017
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NewsGoldman analysis of Tesco, Morrisons and Sainsbury’s excites City
The fortunes of the three listed grocers are looking up after an unexpected early Christmas present from analysts at Goldman
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News2 Sisters profits hit by site closure and rising commodities
Operating profits at 2 Sisters fell 58% to £8.4m in the 13 weeks to 28 October…
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NewsMedia Bites 8 December: Asda, Steinhoff, Tesco, DS Smith
More than 800 senior Asda shop floor staff are facing a pay cut or redundancy, a report revealed last night.