latest – Page 159
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NewsFood growth not enough to save Christmas for M&S
Marks & Spencer shares fell by 3.5% in early trading today despite a 2.8% rise in third quarter food sales after it revealed a slump in general merchandise revenues.
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NewsMajestic Wine squeezes margins to achieve Christmas sales growth
Majestic Wine has boosted like-for-like UK sales growth by more than 1% over Christmas by squeezing its margins in a bid to offer competitive prices to its customers.
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NewsSainsbury's sales fall amid "challenging" conditions
Sainsbury’s posts 1.7% decline in like-for-like sales in third quarter, chief executive cites “uncertainty”
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NewsWaitrose.com growth outstrips bricks-and-mortar operations over Christmas
Online sales growth at Waitrose outstripped traditional operations over festive period
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NewsSoft drink launches helps PureCircle sales to fizz
Sugar substitute producer PureCircle is expecting increased profitability for the first half as sales grew 24% on the back of contracts with Coca-Cola and Pepsi.
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NewsGreggs raises profit forecast thanks to new product range
Greggs has upped profit expectations for the year as customers responded to the baker’s new coffee blend and healthier sandwich range.
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NewsOcado's sales growth slows to 14.9% in fourth quarter
Growth at online supermarket Ocado has slowed in the fourth quarter with gross retail sales up 14.9% to £311.4m, compared with a 15.5% boost during the previous three months.
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NewsAfrican troubles lead to first half PZ Cussons profits drop
PZ Cussons saw a 4% drop in first half profits, driven by “challenging trading conditions” in Africa and the devaluation of the Nigerian Naira.
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Waitrose 'likely' to sever ties with Ocado, say analysts
Waitrose is “more likely than not” to sever its partnership with Ocado, with its notice to end the agreement…
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NewsLosses escalate at Tesco-backed Harris + Hoole
Annual losses at Tesco-backed coffee chain Harris + Hoole have widened to £12.8m as it counts the cost of its rapid expansion plans.
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NewsPayPoint plans to roll-out retail technology after revenue hike
Payment technologies business PayPoint believes the company can tap into iBeacon to the benefit of its retail customers.
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NewsPoundland on the expansion trail after 15% first half sales growth
Poundland has has given a further indication of the enduring strength of the discount sector with a strong set of half-year results.
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NewsProfits up 18% at Britvic as UK competition intensifies
Shares in drinks maker Britvic fell this morning despite it exceeding full-year profit forecasts as it warned 2015 revenue growth would be constrained by fierce competition.
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NewsGreencore benefits from double-digit food-to-go growth
Greencore has posted a 7.4% like-for-like full-year revenue increase on booming food-to-go sales after a period of significant strategic change.
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NewsPomeGreat returns to 'core values' after disastrous rebrand
PomeGreat boss Adam Pritchard has admitted he got it “spectacularly” wrong after a revamp…
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NewsRaisio buys rights to Benecol in the UK ahead of global growth push
Finish food group Raisio has acquired the rights to cholesterol lowering food brand Benecol in the UK, Ireland and Belgium
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NewsB&M in talks to buy stores after 30% first half growth
B&M European Value Retail is in talks with six retailers to buy more stores as it looks to match its rapid revenue growth by expanding its estate.
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NewsSABMiller suffers slight decline in profit margin
SABMiller has reported a fall in first-half profit margins after weak demand in China and competition in the Australian market damaged sales.
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NewsPeroni and Urquell drive 11% hike in Miller Brands UK revenue
A strong performance by world beer brands Peroni Nastro Azzuro and Pilsner Urquell has driven an 11% rise in Miller Brands UK revenues (less excise and similar taxes) in the six months to September.