Finance news – Page 479
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NewsWalmart shrugs off Asda woes to post second quarter sales growth
Walmart’s shares rose 2.5% in early trading to $74.75 after sales growth in its home market helped it record a second quarter constant currency sales rise of 2.8% to US$123.6bn.
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NewsAsda suffers sharpest quarterly sales decline in history
The retailer has now suffered eight consecutive quarterly declines in sales
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NewsCity snapshot: Nestlé reports first half organic growth of 3.5%
Nestlé (NESN) has undershot analyst expectations by reporting first half organic sales growth of 3.5% to CHF43.2bn, plus full year results from Treasury Wine Estates and all the rest of today’s news from the City.
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NewsMedia Bites 18 August: Carlsberg, Obesity strategy, Consumer confidence
Carlsberg lost market share in Britain in the first half of the year after Tesco delisted the Danish brewer’s core lagers from thousands of its supermarkets.
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NewsSoft drinks levy and school sport at heart of government's childhood obesity strategy
Money raised from the sugar levy will be invested in programmes to reduce obesity and encourage physical activity
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NewsGlanbia shrugs off dairy market struggles
Glanbia has reported a “strong” first-half performance driven by its performance nutrition division despite the ”challenging” dairy market.
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NewsSweet producer Maxilin Crawford buys rival Tilley’s Sweets
Liquorice sweets and lollipop supplier Maxilin Crawford has snapped up rival sweets manfucaterer Tilley’s Sweets for an undisclosed sum to more than triple its manufacturing capabilties.
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NewsMedia Bites 17 August: Inflation, Morrisons, Unilever
The first economic data post-Brexit gets plenty of coverage in this morning’s papers, with the spotlight also on Morrisons sale of its stake in Fresh Direct.
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NewsCity snapshot: Carlsberg sales improve but UK still flat
Carlsberg has increased organic sales 4% to DKK 31.2bn (£3.6bn) in the first half despite volumes declining and the UK market still proving tough
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NewsMorrisons sells 10% stake in Fresh Direct back to US grocer for £45m
Morrisons took the stake in 2011 when it was exploring options for launching an online grocery offer
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NewsUK inflation hits its highest point since November 2014
UK inflation is at its highest level for almost two years after the Office of National Statistics announced the Consumer Prices Index rose to 0.6% in the year to July.
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NewsThe Co-op hits halfway mark in London store openings plan
The Co-op said London was the fastest-growing region for convenience shopping
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NewsBarney Davis hired as Lanchester Wines commercial boss
Davis left his job as a consultant to wine and spirits supplier Kingsland Drinks earlier this month
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NewsDanny Trejo back on TV for £3.7m Old El Paso Mini push
Half of the new range’s media investment has been spent on online activity
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NewsCity snapshot: Industry unites behind sugar tax fight
The food and drink industry has clubbed together to launch a new campaign to fight the sugar tax
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NewsMedia Bites 16 August: Brexit, Sugar tax, Pensions
“Sterling sinks as market braces for truth on Brexit” is the main story in The Times this morning.
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NewsHigh street footfall creeps up despite predictions of doom
BRC figures also show the national town centre vacancy rate rose to 10.1%
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NewsLidl brings forward commitment to phase out caged hen eggs
Lidl has decided to align with the rest of the market and all other UK supermarkets
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NewsTV push for Hula Hoops Golden Hoops in £1.5m spend
The ad will run until 25 September to promote the crisps as a ‘permissible snacking’ option
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NewsMedia Bites 15 August: Morrisons, Ocado, Walmart, SABMiller
There is plenty to chew over in the papers this week despite the summer season being in full flow.