Latest Headlines – Page 388
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NewsPepsiCo shakes up senior sales team with string of promotions
The Walkers and Pepsi owner has appointed Nursen Sirin Ulker to the newly created role of head of sales, and appointed Rob Bland as general manager for Tesco Group
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NewsCity snapshot: Imperial Brands launches £1bn share buyback scheme
Tobacco player Imperial Brands has announced the launch of a multi-year share buyback programme, with the intention of buying back £1bn shares by the end of September 2023. Plus a trading update from Diageo and all the rest of the latest news from the City.
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NewsMedia Bites 6 October: Tesco, Unilever, Ocado
Coverage of the latest results from Tesco makes up the bulk of retail news in this morning’s papers.
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NewsHackney Gelato to increase marketing investment after hitting £600k crowd target
It has so far raised £667k from more than 312 backers on the Crowdcube platform, with the campaign valuing the challenger at £10m.
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NewsTrading Standards warns not to expect ‘rigorous and ongoing’ enforcement of HFSS
In the financial year 2022/23, £179,000 is being made available for enforcement, with £102,000 in each of the following two years
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NewsM&S Food strikes exclusive partnership with Ireland’s Applegreen
Applegreen operates 500 forecourt sites across the UK, Ireland and the US. It currently has almost 200 locations in the Irish market
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NewsCost of living crisis impacting top-up missions and impulse purchasing for c-stores
Report highlighted the impact on top-up missions of shoppers trading out of convenience in search of more competitive prices at supermarkets and discounters
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NewsTesco as competitive with discounters as ever, claims CEO Ken Murphy
Tesco said its products from its Aldi Price Match now featured in 99% of all large baskets and over 80% of top-up shops
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NewsWaitrose launches new £12 dine in meal deal in stores
Customers will be able to choose from 11 mains, eight sides and six desserts. Waitrose confirmed this would be an ongoing meal deal
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NewsPrinces enters mixers with trio of blended juice drinks
The drinks are intended to be mixed with alcohol or enjoyed by themselves over ice
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NewsEat 17 pauses hunt for franchise partners to focus on existing estate
It announced the franchise arm pre-Covid and published a prospectus for potential partners in 2021
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NewsLeaf unveils latest Leaf Marque Standard for more sustainable farming
The revisions have been made to ‘raise the bar on important sustainable farming issues’
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NewsSainsbury’s launches trial of Heineken branded low & no fixtures
They also feature other brands such as Lucky Saint and Gordon’s
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NewsMayor announces over £20m in funding for London markets amid cost of living crisis
City Hall will be investing £20m from its Good Growth Fund plus an additional £3m to support street markets, covered markets and wholesale markets in the capital
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NewsMedia Bites 5 October: Greggs, fuel prices, Christmas retail
UK bakery chain Greggs has defied hospitality industry gloom with a 15% rise in sales
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NewsNurture Brands expands snacking portfolio with Indie Bay Snacks
Nurture Brands, owner of Rebel Kitchen and The Primal Pantry, has agreed a deal to acquire pretzel supplier Indie Bay Snacks
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NewsCity snapshot: Tesco profits squeezed as customers ‘watch every penny’
Profits at Tesco fell back in the first half as customers faced “a tough time” but rising food prices helped Britain’s biggest supermarket grow sales.
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NewsThe Grocer New Own-Label Awards Virtual Event to take place on 14 October
From 11am, we’ll live-stream our New Own-Label Awards Virtual Event, recognising the most outstanding products from the UK’s leading grocers
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NewsNew ad push to bang drum for UK food and drink exporters
After criticism of recent trade deals, food businesses have been given top billing in DIT’s new ad campaign
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NewsVegan ready meal brand The Brook closes after ‘challenging’ six months
In a recent LinkedIn post, CEO Thea Brook wrote that the business had ‘battled hard through one economic crisis after another’ since its launch in 2019