All Finance articles – Page 326
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NewsMedia Bites 21 June: Domino’s Pizza, Brexit, Kraft Heinz
Domino’s Pizza Group is in advanced talks to replace its chief executive amid unrest among its British franchisees and a disappointing recent share price performance, according to Sky News.
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NewsMorrisons promises no job losses in transfer of staff to Wincanton
The retailer is outsourcing its transport department at three sites and five vehicle maintenance departments
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NewsUK retail sales dip in May as rain dampens growth
UK retailers saw sales fall back last month as April’s record-breaking temperatures gave way to wetter weather in May.
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NewsKroger suffers first quarter earnings slump
Kroger, the largest pure-play grocery chain in the US, has posted a 62% slump in profits for the first quarter of 2019, due to lower gains on business sales and lower gross margins in its pharmacy business.
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NewsMondelez takes majority stake in US fresh-from-fridge energy bars maker Perfect Snack
Mondelez has agreed to acquire a majority stake in refrigerated protein bars maker Perfect Snacks as it looks to expand its healthy snacking portfolio.
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NewsEnergy bar producer Wholebake rescues Bounce Foods from administration
Gluten-free snack manufacturer Wholebake has acquired Bounce Foods for an undisclosed sum, rescuing the Surrey-based brand from administration.
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NewsCook in plan to add 150 concessions in current financial year
Cook has put 181 freezers into 45 convenience stores over the past 12 weeks
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NewsCity snapshot: Online and discounters to drive 12.5% UK grocery market growth by 2025
The UK grocery industry is set to grow by £24.1bn by 2024 driven by surging online and discounter sales according to a report from IGD. Plus all the rest of the latest news from the City.
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NewsMedia Bites 20 June: Tesco, M&S, Ocado
Hundreds of Tesco staff made redundant last month were underpaid or overpaid, prompting the supermarket to ask some to return money.
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NewsFood and grocery sales to rise 12% by 2024, predicts IGD
Discounters predicted to make up £4 in every £10 growth over the next five years
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NewsOcado sells beauty retailer Fabled to Next as focus shifts to M&S deal
Ocado has sold beauty and wellbeing retailer Fabled to FTSE 100 fashion firm Next, as the online grocer plans to shift its focus to the joint venture inked with Marks & Spencer.
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NewsTesco to repurpose excess store space to expand in-store picking
Lewis also confirmed Tesco was considering the idea of launching standalone Finest convenience stores
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NewsBell Food warns on profits as China's swine fever drives up pork prices
Switzerland’s Bell Food Group warned of a 9.4% earnings reduction in the first half of its financial year, due to a “massive” jump in pork prices linked to the outbreak of the African swine fever in China.
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NewsCity snapshot: Coca-Cola HBC completes Bambi confectionery deal
Coca-Cola HBC has completed its acquisition of Bambi, Serbia’s leading confectionery brand. Plus, Whitbread begins to return cash to shareholders following the sale of Costa Coffee to Coca-Cola, Steinhoff cuts annual losses in delayed accounts and all the rest of the latest news from the City.
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NewsMedia Bites 19 June: Tesco, John Lewis, Sainsbury’s
Tesco is mulling the launch of “Finest” upmarket convenience stores to compete with Marks and Spencer’s Simply Food stores.
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NewsAllied Bakeries to cease production at Cardiff site
The cost-cutting move will see the Kingsmill site operate as a logistics centre only
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NewsCatering butcher Nigel Fredericks ceases trading
Catering butcher Nigel Fredericks has ceased trading nine months after it was taken over by three former directors of Russell Hume.
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NewsMordue Brewery closes its doors after failing to find a buyer
North East-based craft brewer Mordue Brewery has collapsed into administration after failing to secure a buyer for the 24-year-old business.
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NewsZero-waste online supermarket Good Club raises £400k
Direct-to-consumer grocer Good Club has successfully raised £400k to underpin its ambition to become “the world’s first zero-waste online supermarket”.
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NewsCity snapshot: Brexit stockpiling to hit future UK economic growth
The British Chambers of Commerce has released its latest economic forecast, upgrading its growth expectations for the UK in 2019 but downgraded forecasts in 2020 and 2021. Plus, Tesco hosts capital markets day and all the rest of the latest news from the City.