Finance news – Page 474
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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Some 620 products have been withdrawn following outbreak linked to factory in north-west France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.
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NewsCity snapshot: Tesco prices rising faster than industry rivals - GPI
Tesco continued to raise prices faster than its supermarket peers last month, according to the latest Grocer Price Index. Plus, Tesco Clubcard operator Dunnhumby has plunged to a £33m pre-tax loss after a new agreement with its parent company cost the data arm an extra £30m; and Poundstretcher sales fall 7.5% to £397.4m as the chain continued to shrink its store estate
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NewsAsda joins retailers hiking banana prices as supplies tighten
The supermarket has hiked prices across several banana packs…
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NewsSurging gin sales put tonic beyond the £100m mark
Brits bought an extra £31.6m worth of tonic over the last year, a 37.2% uplift [Kantar]
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NewsTesco fraud trial told former MD Bush won't be giving evidence
At the start of Chris Bush’s defence, Southwark Crown Court was told by his barrister he’d opted not to give evidence
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NewsWalmart drops Stores from its name to become Walmart Inc
The US giant will cease to trade as Wal-Mart Stores Inc and become Walmart Inc to better reflect its ecommerce business
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NewsCity snapshot: Coca-Cola HBC appoints CEO to succeed Dimitris Lois
European Coke bottler Coca-Cola HBC has appointed a new CEO to succeed Dimitris Lois, who died in October. Plus, strong first-half results from packaging giant DS Smith; and Irn-Bru maker AG Barr adds Natures Way Foods CEO Susan Barratt to its board as independent non-exec
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NewsMedia Bites 7 December: Whitbread, Unilever, Steinhoff, Hammerson/Intu
An American activist investor has taken a 3.4% position in Whitbread, prompting speculation that it will press for a break-up of the Premier Inn and Costa Coffee operator.
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NewsForecourt contingencies swing into place in wake of P&H demise
Oil giant Shell has admitted there could be the “possibility of interruption” to the supply of products…