All The Grocer articles in 13 June 2015 – Page 8
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News
Media Bites: Ocado, Whitbread, plain packaging
The papers coverage of Ocado’s latest trading update unsurprisingly focusses on the lack of an update on international deals.
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News
Pizza supplier Stateside Foods sees five-fold profits increase
Reported profits for the full-year to 28 February 2015 rose from £1.3m to £7.6m on sales that grew 6.9%
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City snapshot: Black Friday fails to boost November retail sales
UK retail sales decreased 0.4% on a like-for-like basis from November 2014, according to the latest figures from the BRC-KPMG Retail Sales Monitor, plus all the latest news from the City.
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Two-thirds of fmcg and retailer companies eye 2016 acquisitions
Some 66% of fmcg and retail executives said they would actively look for M&A opportunities next year
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Media Bites: UK retail sales, WH Smith, Keurig
Most of the papers this morning have a story about the failure of Black Friday to boost retailers’ sales figures.
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News
SABMiller confirms Peroni, Grolsch and Meantime are for sale
SABMiller confirmed to the market this morning that AB InBev intends to explore sale of its premium European brands
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Media Bites 3 Dec: Tesco, Greene King, British American Tobacco
Losses at Tesco’s Giraffe restaurant business have ballooned to £4.1m after it opened new outlets and wrote down the value of some existing sites
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Tesco's Dunnhumby records 9% profits drop despite acquisition-driven revenue growth
Tesco’s data arm Dunnhumby has reported a 9.1% fall in full-year pre-tax profits for the year to 28 February 2015, despite acquisitions driving 27% growth in revenues.
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News
Rugby World Cup boosts Greene King off-trade sales
Greene King’s take home volumes grew by 12.4% in the 24 weeks to 18 October as the Rugby World Cup boosted sales of Speckled Hen.
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Morrisons teeters on the verge of FTSE 100 demotion
Morrisons (MRW) is facing a further share price slump if it is demoted from the FTSE 100 index after hitting a new 12-month share price low yesterday.
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City snapshot: Emperador expands European footprint with Beam Suntory deal
Philippines-based spirits group Emperador has agreed to buy Beam Suntory’s Spanish brandy and sherry businesses, including Harveys, for €275m. Plus Morrisons on the verge for FTSE 100 exit and all the latest news from the City.
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Media Bites 1 Dec: Cyber Monday, Emperador, Morrisons
Sales on Cyber Monday were expected to have risen by 31% on last year, but to have still fallen short of the record £1.1bn spent on Black Friday.
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Analysis and Features
AB InBev’s willingness to shed Peroni and Grolsch shows where its priorities lie
It’s no secret that a combined AB InBev and SABMiller will be forced to sell-off a number of brands to get the deal past various regulators, but news that top European brands are potentially being lined up for sale comes as more of a surprise.
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City snapshot: Cranswick shares boosted by strong pork sales
Cranswick has reported a pre tax profit increase of 22% in the six months to 30 September after a strong rise in pork sales, plus the market reacts to the low key Black Friday and the week ahead in the City.
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Media Bites 30 Nov: AB InBev/SABMiller, Cyber Monday, Black Friday
AB InBev is to put Peroni and Grolsch up for sale as it tries to “squeeze” a £177bn merger with SAB Miller past EU regulators. Plus the latest coverage of Black Friday and Cyber Monday.
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R&R Ice Cream revenues up 17.3% for first nine months
Revenues at R&R Ice Cream were up 17.3% in the nine months to 30 September as last year’s acquisition of Peters boosted sales.
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Paypoint chief admits to commission charges mistakes
PayPoint chief executive Dominic Taylor has publicly admitted for the first time that the payment technologies company fell short in its communication of changes to its commission structure earlier this year.
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Greencore to extend food to go facilities amid booming sales
Greencore has announced the opening of a further £12m investment in its Northampton food to go base to open a new facility to cope with stronger than expected volumes.
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City Snapshot: Supermarket deflation back towards record highs
The Grocer Price Index shows deflation is ractcheting upwards again to move back towards the record high recorded in March, meat producer Stoddarts bought by a group of investors and all the rest of today’s news from the City.
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Media Bites 13 Nov: SABMiller, Morrisons, Tesco
SABMiller’s first half result announcement yesterday is the major topic for the papers this morning.