Finance news – Page 482
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NewsCity snapshot: Morrisons recovery continues as 'price crunch' proves hit with shoppers
Morrisons recovery continued in the third quarter as like-for-like sales rose 2.5%, with its ‘price crunch’ proving popular with shoppers. Plus, Carlsberg lifts full-year profit expectations, Kraft Heinz halts declining sales with a rise in the third quarter; and profits jump 26% at Tate & Lyle in the first half.
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NewsJesús Lorente to take over as Asda merchandising boss
Andrew Moore joined Asda in 2008 as director of George clothing
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NewsMeurig Raymond to step down as NFU president after four years
Pembrokeshire farmer was first elected in 2014, and previously held post of deputy president during Peter Kendall’s eight-year term
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NewsPallet burning on Bonfire Night 'costs UK economy millions'
The average cost of a new pallet can be between £8 and £10
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NewsIceland pledges to accept round pound coins until end of 2017
Iceland had previously said it would accept the coins until 31 October
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NewsBrewDog guns for Trump with 'Make Earth Great Again'
The new brew is made with water from melting Arctic ice caps…
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NewsRefurb by prominent independent Dean Holborn grows sales 13%
Holborn’s store in Nutfield, Surrey, underwent a three-week refurbishment before reopening on 23 September…
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NewsCity snapshot: BRC-Nielsen finds food price inflation remains at 2.2% as fresh prices rise
Food price inflation remained at 2.2% in October, according to the latest BRC-Nielsen shop price index, but fresh food inflation is increasing while ambient inflation eased last month. Plus, Glanbia reports third quarter figures, clothing retailers fall after Next update and all the rest of the latest news from the City.
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NewsMedia Bites 1 Nov: Shopping habits, Interest rates, Just Eat
Jumbo trollies are on their way out, Britain now prefers blueberries to strawberries and sales of vegetarian ready-meals are on the rise, according to a new report on food shopping habits.
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NewsKellogg boosts sales for first time two years
Cereal and snacking giant Kellogg has increased sales for the first time in more than two years as its cost-cutting strategy and expansion into healthier foods showed signs of beginning to work.
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NewsLincolnshire Co-op reports record sales of £312m
The retailer said more chilled food and food-to-go products plus its store refurbishment programme had boosted results
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NewsImprovements to HKS Retail food to go boosts sales 17%
The forecourt operator’s turnover rose to £120.9m for the year ending 31 May 2017…
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NewsCity snapshot: Mondelez beats expectations with solid third quarter
Shares in Cadbury owner Mondelez jumped 4.3% in after hours trading after the global snack group reported a stronger than expected third quarter. Plus, UK consumer confidence shrinks in October, FTSE falls on interest rate rise expectation and all the rest of the latest news from the City.
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NewsMedia Bites 31 Oct: Asda, Mondelez, Sugar
Asda has ousted its latest chief executive as it fights to win back sales from rival supermarkets, writes The Daily Mail.
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NewsWooHa to expand US exports thanks to £700k funding
Scottish start-up WooHa Brewing Company is eyeing further exports in the US after securing £700,000 from an SME fund.
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NewsCMA launches investigation of Refresco £1bn acquisition of Cott
Refresco’s $1.3bn (£1bn) acquisition of the bottling operations of Canadian drinks manufacturer Cott is to be scrutinised by the UK monopoly watchdog.
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NewsRoger Burnley to become Asda president and CEO
Burnley has been Asda COO and deputy CEO since October 2016 from 1 January. Clarke will continue in a new role with Asda’s parent-company Walmart after a break
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NewsCity snapshot: Tesco and Booker expect CMA decision on £3.7bn merger this week
The Competition and Markets authority is expected to unveil its provisional findings on the £3.7bn Tesco takeover of wholesaler and cash & carry operator Booker this week. Plus, the CMA is considering whether the £1bn takeover of Cott’s bottling operations, which includes the business in the UK, by Refresco will lessen competition in the sector.
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NewsMedia Bites 30 October: Planet Organic, Tesco/Booker, palm oil
London-based grocery chain Planet Organic is preparing a sale amid a “healthy-eating” craze, according to the weekend’s papers.
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