Finance news – Page 458
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Media Bites 7 December: Amazon, Lego, Co-op
Amazon’s queue-less, cashier-less – and cash-less – grocery store in Seattle comes under the media spotlight.
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City snapshot: Ahold Delhaize to double online sales by 2020
European food retail giant Ahold Delhaize has outlined a plan to make the most of its international scale following the merger, which includes doubling its online sales in the next four years and a €1bn share buyback.
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Real Good Food shares plunge after commodities price warning
Shares in Liverpool-based food group Real Good Food dropped 5,2% after it warned increased raw material and commodity costs could hit future earnings.
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Rhubarb wins backing of new private equity owner
Private equity firm Livingbridge has snapped up contract caterer and restaurant operator Rhubarb.
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JBS commits again to US float of international business
Brazilian meat giant JBS has announced a second plan to list its international division in the US after its first scheme, which included moving the division to Ireland, was scrapped.
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Oatly sells stake to fund global expansion
Oat-based milk alternative brand Oatly has raised cash for a global push with the sale of a minority stake.
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Phil Whitehead made Molson Coors UK & Ireland MD in reshuffle
He has replaced Frederic Landtmeters, who has relocated to become the brewer’s Canada CEO
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City snapshot: Food drives November retail sales rise as Black Friday falls flat
UK retail sales were up 0.6% like-for-like in November, driven by a strong rise in total food sales as Black Friday failed to boost general merchandise sales. Plus the rest of this morning’s news from the City
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Media Bites 6 Dec: Fortnum & Mason, Retail sales, M&S, BAT
Fortnum & Mason has said sales of its monogrammed hampers have risen by 20% this Christmas despite fierce competition from a cheaper rival.
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Brewdog launches new £10m Crowdfunding bond pitch
Craft brewer BrewDog has launched another crowdfunding pitch to raise up to £10m and help fund its continued global expansion.
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Government publishes plans for Soft Drinks Industry Levy
Dairy drinks are excluded from the tax, but the government will talk to dairy companies about reducing sugar
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Ferrero completes deal for Belgian biscuit brand Delacre
Italian confectionery giant Ferrero has announced the completion of its deal to buy Belgian luxury biscuit brand Delacre from UK-based Pladis.
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Fortnum & Mason thanks Aldi for Christmas hamper sales boost
The upmarket retailer also announced record-breaking sales and profits for the third year running…
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Iceland trademark dispute set to continue as delegation fails
Iceland CEO Malcolm Walker claimed the country’s government had no interest in a compromise
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Media Bites 5 December: Brexit, shop prices, Fortnum & Mason, M&S, Walmart
Brexit could lead to cheaper food for consumers if the right policies are adopted, an official from the OBR claims. Plus, shop prices decline for 43rd month in a row.
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Food price deflation slows significantly
Inflationary pressures squeezing suppliers are beginning to filter through to the supermarkets as food price deflation slowed significantly in November, the latest BRC – Nielsen shop price index reveals.
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Biscuit sales suffer as consumer snacking habits change
Brits have lost their taste for everyday biscuits, buying 48.4 million fewer packs over the past year
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Tesco and Waitrose follow rivals with banana price rise
Increasing import costs cited by Tesco as price of iconic SKU rises from 68p to 72p
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City snapshot: Chaucer Food Group bought in $120m Japanese deal
Chaucer is the latest UK-headquartered food group to be snapped up by a foreign buyer in a deal worth more than $120m (£95.4m), The Grocer can reveal. Plus, FTSE 100 fmcg stocks hit by the pound’s recovery and all the rest of today’s news from the City.
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Media Bites 2 Dec: Pack sizes, Christmas spending, Currencies, M&S
Food groups are increasingly turning to ‘shrinkflation’ to cope with rising costs, according to The Financial Times as suppliers change package sizes to maintain margins.