All Russia-Ukraine conflict articles – Page 17
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NewsMorrisons hit with credit downgrade over debt concerns following CD&R takeover
Plans to refinance Morrisons multibillion-pound debt pile have been dealt a blow as Moody’s downgraded the supermarket’s credit rating
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Comment & OpinionM&S’s ‘everyday essentials’ price cuts could go a long way to boost its competitiveness
The price cuts mean an M&S loaf of bread now costs the same as its equivalent in Sainsbury’s and Tesco, and is only 1p more expensive than Morrisons and Asda.
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NewsGetir partners with surplus food platform Neighbourly
The initial launch will be across 50 stores over the next 30 days, with the aim to be UK-wide by the end of the year
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NewsCity snapshot: Deliveroo posts double-digit first quarter growth against 2021 lockdowns
Deliveroo posted double-digit growth in its first quarter despite benefitting from Covid lockdowns last year, although spend per order fell. Plus retail growth slows in March, Parsley Box targets recovery from “tough” year and all the rest of the latest news from the City.
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NewsMedia Bites 12 April: Waitrose, Morrisons, Pret a Manger, M&S
Waitrose has been left £4m out of pocket through its brief tie-up with an insolvent venture set up by one of Ocado’s founders.
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NewsUkrainian charity vodka named after Volodymyr Zelenskyy launches in UK
The drink is intended to ’provide immediate assistance to those in Ukraine’, with the brand committing to donate 100% of its profits until 2026 to NGOs
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NewsWaitrose and Morrisons ration cooking oils amid shortages caused by Ukraine conflict
The vast majority of the UK’s sunflower oil comes from Ukraine and Russia, with the shortages forcing some suppliers to replace sunflower oil with rapeseed oil
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NewsCod and salmon prices leap in first quarter as doubts about Russian exports grow
Mintec data show rises are due to ‘inflationary environment’ and impact of sanctions on Russia
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NewsJoanna Goff takes over as Morrisons CFO at pivotal time for supermarket’s new owners
Goff has been at the retailer for more than 10 years and replaces Michael Gleeson, who announced his departure last month
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NewsHeating costs add further threat to UK produce sector
Inflationary pressures are driving growers to plant fewer crops
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NewsFood export curbs spreading as Ukraine war fuels global commodity turmoil
Vegetable oils and seeds have been the worst-hit commodities
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Comment & OpinionHow price rises could force an evolution in consumer behaviour
Inflation isn’t new information, but we need to dig deeper to realise the full impact on the UK grocery sector, says Kieran South, senior vice-president UK, IRI
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NewsHopes of HFSS delay crushed as government presses ahead with plans for promotions ban
The guidance accused the food industry’s promotional environment of flying in the face of its healthy eating guidelines
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NewsSoaring fuel prices set to make fishing ‘uneconomical’
Crews throughout the UK had decided not to go fishing at all in recent months
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NewsHolland & Barrett debt payment cleared following Russian sanction concerns
The interest payment on a €415m loan taken by the health and wellness retailer had been held up by HSBC
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Comment & OpinionWill mandatory calorie labelling actually help tackle obesity in the UK?
Doubts have already been raised over whether calorie labelling on menus will make much difference in the fight against obesity
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Comment & OpinionInflation and supply chain shortages threaten global food security
Government shows little sign of appreciating the strategic importance of food security for the world as a whole, says Andrew Kuyk, director general at Provision Trade Federation
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NewsCity snapshot: Revenues soar as Hilton Food Group diversifies further
Meat and fish supplier Hilton Food Group has reported a surge in revenues and profits as it extended its reach across protein categories around the world. Plus, trading updates for Imperial Brands and Distil.
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NewsMedia Bites 6 April: Labour shortages, Petrol, Morrisons/supermarkets
The UK food industry may shrink permanently if ministers fail to address labour shortages from Brexit and coronavirus
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NewsMorrisons new owners look to speed up refinancing despite profits warning
Sources said despite the gloomy predictions in the update given yesterday, it had “cleared the way” for CD&R to seek bank support to refinance more than £6bn of short-term borrowing