Finance news – Page 419
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NewsMedia Bites 16 June: Morrisons, High Street, Majestic Wine
More than half of Morrisons shareholders have failed to back the supermarket’s bosses’ pay package in a massive protest vote.
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NewsCity snapshot: Tesco posts sixth consecutive quarter of like-for-like growth
Tesco has announced first quarter UK like-for-like sales growth of 2.3% and a 1% rise in group like-for-like sales, its sixth consecutive quarter of organic sales growth.
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NewsCity News: Majestic Wine slips into the red
Majestic Wine insisted it was “past the tipping point” of its turnaround on Thursday
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NewsBooker deal 'will free up £500m war chest for Tesco'
A successful merger “will give Tesco a £500m war chest to fight against wholesale and supermarket price hikes”…
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NewsUK cereals 'must get match fit for Brexit'
The UK cereals sector should beware “sleepwalking into Brexit” and increase its competitiveness now
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NewsCity snapshot: Majestic Wine slips into the red but is 'past the tipping point'
A “very strong” second half was not enough to keep Majestic Wine out of the red as the wine retailer recorded pre-tax losses of £1.5m.
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NewsLDC declares the end of the “space race” as big four store numbers decline
The Local Data Company has claimed “the great space race is over” as big four store numbers fell last year amidst rising inflation and Brexit uncertainty.
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NewsWeaker pound boosts earnings expectations at BAT
British American Tobacco has announced that first half earnings will be boosted by at 14% currency tailwind as it confirmed it is trading in line with expectations.
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NewsHalo Coffee raising £1.6m to spur global growth
Eco-friendly coffee start-up Halo is seeking £1.6m funding to “aggressively” grow the business in the UK and overseas.
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NewsMark Robertson made First Milk operations director
The dairy industry veteran will take charge of First Milk’s manufacturing operations
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NewsCamelot launches review after National Lottery sales slump
Camelot said it would release an update when it announced its half-year results later in the year…
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NewsOnline grocery set to rise 12% to pass £11bn in 2017
The Mintel research showed 14% of Brits do all of their grocery shopping online
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NewsMoody’s downgrades Reckitt Benckiser after Mead Johnson deal approval
Rating agency Moody’s has cut the long-term credit rating of Reckitt Benckiser (RB) by two notches following the approval of its US$17.9bn acquisition of US baby milk group Mead Johnson.
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NewsCity snapshot: Third quarter like-for-like sales flat at WH Smith
Travel and high street retailer WH Smith has posted top-line sales growth of 2% in the 15 weeks to 10 June, while like-for-like sales were flat as travel sales rose and the high street slumped. Plus trading updates from British American Tobacco and Coca-Cola European Partners and all the rest of the news from the Cit
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NewsMedia Bites 14 June: Online shopping, Sainsbury's, Heineken
The proportion of households who do all their grocery shopping online has doubled since 2014 according to new figures from Mintel.
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NewsUK inflation jumps to 2.9%
The UK’s consumer prices index (CPI) measure of inflation rose to 2.9% in May, up from 2.7% in the previous month.
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NewsWolverhampton shopkeeper jailed for tobacco & alcohol fraud
More than £77,000 worth of non-duty paid tobacco and alcohol was found under the counter and in a nearby storage unit
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NewsCarlsberg kicks off Together Towards Zero sustainability push
The Danish beer giant aims to achieve zero emissions from its breweries by 2030
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NewsCity snapshot: CMA finds Heineken’s Punch Taverns deal could reduce competition in 33 local areas
The Competition and Markets Authoroty has ordered Heineken to address competition concerns over 33 local areas across Great Britain, but said the £305m deal raised no competition issues for brewers. Plus all the latest news from the City
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NewsMedia Bites 13 June: Aldi, Morrisons, Ocado
Cut-price supermarket chain Aldi is seeking to conquer the US market – opening 400 new stores by the end of 2018 and creating 25,000 jobs.