Finance news – Page 549
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NewsCity snapshot: Sales rise at Ocado
Ocado has yet again reported double-digit revenue growth – ahead of analyst expectations – with group sales up 17.3% in its third quarter
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NewsMedia Bites 15 September: Labour, Living Wage, Poundworld, William Grant & Sons
The focus on the implications of the new Labour leadership continues following Jeremy Corbyn unveiling his shadow cabinet. Plus new research finds three sectors will suffer most from new Living Wage; Poundworld unveils record tradings; and William Grant & Sons ups profits despite sales plunging 17%.
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NewsPoundworld hails ‘landmark progress’ in record year
Discount chain Poundworld has increased operating profits by almost 130% to £14.6m thanks to a record year of trading as sales jump £77m to £422.3m.
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NewsApplegreen’s revenues boosted by rising food sales
Newly listed Irish forecourt operator Applegreen saw revenues rise by 16% in its first interim results as a listed company, boosted by a 9% rise in like-for-like non-fuel sales.
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NewsAccolade Wines extends into Chile with Viña Anakena
Accolade Wines claims to have become the first company to have a footprint in all major New World wine regions
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NewsChris Welham appointed CEO at Wadworth & Co brewery
Wiltshire brewery Wadworth & Co has appointed Chris Welham, MD of Spirit Pub Company’s Spirit Leased division, as CEO
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NewsSainsbury's and Alibaba link to sell premium lines into China
Five years after a failed attempt to penetrate China, Sainsbury’s has announced that it will work with Alibaba
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NewsCity snapshot: Gross profits up 35% at newly listed Applegreen
Irish forecourt operator Applegreen saw a 35% increase in gross profits in its first interim results as a listed company
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NewsMedia Bites 14 Sep: Tesco, Morrisons, John Lewis
Tesco bosses’ lack of shareholding is “raising eyebrows”, according to weekend reports.
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NewsMondelez looks to grow healthier snacking options
Cadbury owner Mondelez has told investors it plans to shift its focus towards healthier snacks and target more affluent consumers.
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NewsWaitrose carves out strong position in tough price war
In the current grocery market, any gain is a positive
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NewsCity snapshot: Waitrose weekly sales nudge up 1.2%
Fresh from updating the market on its half year results yesterday, Waitrose has reported a 1.2% uplift in ex petrol sales for the week to 5 September.
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NewsMedia Bites 11 Sep: Morrisons, Waitrose, Lidl
The papers react to sliding sales and profits at Morrisons and Waitrose
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NewsMorrisons launches six-point turnaround plan in wake of store closures and profits slump
Morrisons CEO David Potts has revealed a six-point turnaround plan after reporting a 47.2% fall in half year profits
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NewsHilton Food Group hints at more expansion after solid results
Meat packing firm Hilton Food Group has not ruled out further expansion in both the UK and Australia
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NewsKarro Food Group returns to profitability
Karro Food Group has returned to profitability in its second year of trading as an independent business after years of annual losses.
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NewsPick Your Own ‘not hitting profits’, says Waitrose CEO
Mark Price has insisted the scheme is boosting sales and margins have not declined
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NewsCity snapshot: Morrisons’ first half like for likes fall by 2.7%
Morrisons (MRW) has announced a 5.1% fall in first half revenues and a 2.7% drop in like-for-like sales
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NewsMedia Bites 10 Sep: Morrisons/M Local, Monitise, Sports Direct
Morrisons decided to “cut its losses” on its convenience business, according to the papers this morning.
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NewsWaitrose profits hit as property woes blight JLP
Waitrose has seen its profits fall again as ‘turmoil’ in the grocery market and a loss of property profits hits