Archive of all news articles – Page 189
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City snapshot: THG sells unwanted OnDemand and ProBikeKit assets
THG has offloaded its unwanted OnDemand business to the division’s management team as part of a strategic review to “simplify and streamline” operations. Plus, UK retail sales beat expectations in June but consumer confidence fell July as household resilience “collapsed”.
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Media Bites 21 July: CMA, Wilko, M&S, Premier Foods
Another packed morning of fmcg news, with the papers covering the CMA findings on ‘greedflation’, M&S anger over the future of its Oxford Street store, and Premier Foods trading update.
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Cake Box rejects takeover offer from The Cheesecake Shop owner
Fresh cream cakes retailer Cake Box has rejected a 160p a share offer from an Australian asset management firm as “materially undervaluing” the company
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Farm Shop & Deli Retailer Awards 2024 open for entry
These free-to-enter awards celebrate specialist food and drink retailers and recognise their achievements in the independent retail market
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M&S chief blasts Michael Gove over blocked Oxford Street store plans
The plans were rejected by Gove today on the grounds the public benefits would not outweigh harm to nearby heritage sites
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Defra director David Kennedy to leave for private sector role
Kennedy spent six years at Defra and eight years in total in the civil service, and is now moving on to a role at EY
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Arla and Asda extend own label dairy supply deal
The tie-up was described by the pair as ’the UK’s largest private label dairy contract’
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Competition watchdog probe clears supermarkets of profiteering
The next stage of the probe will look at whether large branded suppliers hold too much sway in negotiations
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Sainsbury’s increases number of Aldi Price Match lines by a quarter
However, the recent expansion has involved Sainsbury’s matching a number of different SKUs to a single one at Aldi, helping boost the total
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Naksha launches meal kit trio with Singapore Tourism Board
The recipes were created by Haikal Johari, who is head chef at Michelin-starred Singapore restaurant Alma
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Sysco launches three-tier own-brand range
The ‘Brands’ range includes a selection of products from basic everyday items to more premium ingredients
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Andria Vidler made Allwyn CEO as it prepares to run National Lottery
Vidler, a former CEO of Centaur Media and EMI UK, will join Allywn on 1 October
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Ocado ‘gaining customers from the discounters’
The online supermarket this week posted a 10.6% increase in active customers
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PetrolPrices ‘optimistic’ it can win fuel-finding forecourt pricing scheme contract
PetrolPrices lists forecourts by price within a five-mile radius, which is generally updated every 24 hours
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Tesco demands suppliers make healthy products more affordable
The move comes as Tesco this week launched its biggest range review since Dave Lewis’s Project Reset
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Depop founder’s foodie app launches chef-made own-label range
Like other products on the platform, they can be collected directly from producers or sent for delivery across the UK
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Supermarkets called to make or break talks in fuel ‘rip-off’ row
Earlier this month the Competition & Markets Authority (CMA) announced plans for a fuel finder scheme
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City snapshot: Premier Foods vows to hold prices as inflation passes peak
Premier Foods has pledged no further price rises in 2023 as the Bisto, Batchelors and Mr Kipling owner revealed a strong start to the year and declared that the period of soaring costs had peaked.
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Media Bites 20 July: Asda, inflation, Cake Box
Asda executives were accused of damaging the company’s brand after an “extraordinary” meeting with MPs at which they were reprimanded for not “complying” with a string of questions.
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Old El Paso targets health-conscious shoppers with burrito bowl kit
The innovation is the first of three new products to be launched by Old El Paso over the coming months