All The Grocer articles in 31 October 2020 – Page 2
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NewsCity snapshot: Premier Foods redeems £40m of bonds amid ‘strong’ trading
Premier Foods has bought back £40m of corporate bond notes due to continued strong trading momentum in the first half of its financial year. Plus, Glanbia annonces new chairman and all the rest of the latest news from the City.
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NewsDanone to sell remaining €500m stake in Yakult
French food conglomerate Danone has announced plans to sell its remaining 6.6% stake in probiotic yoghurt brand Yakult to strengthen its balance sheet.
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Comment & OpinionA Ferrero takeover would be good news for Fox’s – and free up 2 Sisters to focus on what matters
A takeover of Fox’s would see Ferrero become the fourth biggest player in the growing UK sweet biscuits market overnight
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NewsCity Snapshot: Tesco sales soar during pandemic but £553m Covid costs drag on profits
Sales at Tesco soared 6.6% in the first half to £26.7bn as shoppers relied more heavily on supermarkets during the coronavirus pandemic, but costs also ballooned to weigh on profits. The supermarket also announced Tate & Lyle CFO Imran Nawaz as its news chief financial officer.
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NewsMedia Bites 7 Oct: Tesco, Ocado, Deliveroo
Tesco will complete the overhaul of its top executive team by raiding Tate & Lyle to recruit its new finance chief
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NewsFerrero acquires Fox’s Biscuits from 2 Sisters for £246m
Ferrero has snapped up Fox’s Biscuits from 2 Sisters Food Group for £246m to add to its growing biscuit portfolio across the world.
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NewsPoundland to set more prices in ‘25p increments’
The business sees the move as in line with its ‘simple price’ strategy on the basis that multiples of 25p should remain easy for customers to add up
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NewsMolson Coors to drop Coors ‘Lite’ in beer overhaul
The brewing giant is set to give its namesake beer a major makeover, with a new look and plans to launch a slew of NPD
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NewsExtra 100 million sq ft on online warehouse space needed by 2024, analysis suggests
Growth of online grocery alone could create demand for an extra 7.1 million sq ft of warehouse space in four years, according to real estate advisor Knight Frank
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NewsNutri-Genetix seeks £150k from the crowd to expand DNA nutrition brand
Nutri-Genetix, which claims to have developed the world’s first genetically personalised nutrition shake, has launched a crowdfunding pitch to raise £150,000.
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NewsMedia Bites 8 October: Tesco, Ferrero/Fox’s, Greene King
There is a wealth of coverage for Tesco’s half-year results across all the papers today.
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NewsInsect protein startup raises $372m to fund world’s largest insect farm
The new capital will fund completion of an insect farm in Amiens, France in early 2022
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NewsCity snapshot: Imperial Brands sees consumers turn to tobacco during Covid crisis
Imperial Tobacco said it has seen stronger than expected tobacco sales volumes during the coronavirus crisis as consumers in Europe and the US have shifted spend to tobacco products.
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NewsOff-trade wine sales soar by almost £1bn since lockdown
Still wines accounted for the lion’s share of that sum, rising 32.5% to £3,049m, while sparkling wines mustered growth of 21.1% to £391m
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NewsAldi creates ‘healthy basket’ of 49 essentials for under £45
The basket is claimed to meet proportions set in the NHS Eatwell Guide while also containing popular products as defined by the ONS
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NewsLidl dissolves its digital logistics company
Lidl Digital Logistics was widely taken as a sign of the discounter’s online ambitions when it was created in 2018
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NewsCity snapshot: Shoppers spend an extra £260m on supermarket alcohol in preparation for new lockdown
Grocery sales jumped almost 11% in September as shoppers prepared for new lockdown restrictions, with consumers spending an extra £261m. Plus, the latest figures from Nielsen, BRC-KPMG retail sales monitor and Barclaycard spending report.
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NewsGrocery heroes honoured by the Queen in this year’s birthday list
Meet the grocery heroes honoured by the Queen for their roles during the pandemic
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NewsLWC Drinks battles hospitality downturn with retail focus for rum and gin
LWC said the push into retail was crucial as its trading was currently 60% down on pre-coronavirus levels
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NewsMedia Bites 14 Oct: Grocery market share, Amazon, Tesco
Alcohol sales at supermarkets soared in recent weeks after the Government imposed a 10pm curfew on pubs and bars