Latest Headlines – Page 1039
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NewsCity snapshot: Carrefour sells Chinese retail business in €1.4bn deal
French retail giant Carrefour has announced it has agreed to sell its operations in China to Chinese retail group Suning.com in a €1.4bn deal. Plus, franchise retailer Cake Box has delivered 33% sales growth in its inaugural year as a listed business and all the rest of the latest news from the City.
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NewsMedia Bites 24 June: Patisserie Valerie, Waitrose, Sainsbury’s
Five people have been arrested over the Patisserie Valerie affair as the scandal over the chain’s collapse deepens.
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NewsCauli Rice maker Fullgreen in funding push for US expansion
Alternative rice producer Fullgreen has launched yet another fundraising round to underpin its push into the US and compete in the booming free-from sector.
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NewsEdrington annual sales soar on booming demand for premium brands
Scottish spirits stalwart Edrington reported an “industry-leading” rise in annual revenues on the back of soaring demand for its premium-end whisky.
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NewsSainsbury’s responds to War on Plastic with loose fruit & veg price cuts
The move comes after the programme compared the cost of loose versus packaged items at both Tesco and Sainsbury’s
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NewsAldi to roll out loose veg trial in England
The discounter started selling five lines without plastic wrapping in Scotland earlier this year and is set to do the same
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NewsMcDonald’s to scrap plastic salad containers & McFlurry lids
Salads will be served in cardboard containers, disposing of the plastic bowl, shaker salad cups and lids used currently
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NewsM&S and Ocado shares hit by Tesco Finest possibility
Tesco CEO Dave Lewis may have only made brief mention of the possibility of Tesco creating an upmarket convenience store offering, but the City quickly took it as a threat to Marks & Spencer and Ocado’s new partnership.
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NewsExponent confirms deal to buy Asian food wholesaler TRS
Private equity player Exponent has confirmed a deal to acquire specialist Asian food wholesaler TRS Foods as it readies a consolidation push.
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NewsKarro Food Group losses continue to grow under CapVest
Newly filed accounts in Companies House show pre-tax losses for the year to 29 December 2018 rose to £9.2m…
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NewsWeetabix appoints Gareth Turner to head of brand role
He joins Weetabix Food Co after a five-year stint at Arla
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NewsLactalis declares cheese recalled over listeria fears safe
A recall of Galloway cheddar this week was based on ‘false positive’ results, the supplier said
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NewsTurkish food importer TFC buys London-based wholesaler Starburger
TFC Holdings London has snatched catering sector wholesaler Starburger for an undisclosed sum, completing what it described as its “first major acquisition”.
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NewsSpar kicks off two summer marketing campaigns
The initiative will be supported with radio and organic digital content
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NewsTesco out of pocket after huge redundancy payout error
Those overpaid by less than £500 were told they could keep the money
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NewsBorder Biscuits removes 90% of plastic from packaging
The brand has swapped clear plastic trays for recyclable cardboard
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NewsMeatsnacks Group slips further into red before buyout
The maker of Wild West Jerky, Hogbites Pork Crackling and Bundu Biltong reported a rise in pre-tax losses to £584k in the previous financial year
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NewsWaitrose sees sharp improvements in service and availability
Over the past year, Waitrose climbed from last place to second in the Grocer 33 weekly mystery shopping survey
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NewsSainsbury’s to open meat-free butchers pop-up in London
The pop-up will showcase Sainsbury’s range of meat alternatives
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NewsEros Retail’s Skwishee frozen drink launches in Spar stores
The Skwishee machines are currently in 55 retailers with a target of 150 by the end of the year