All articles by Andrew Don – Page 9
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NewsApplegreen reports solid trading so far in 2019
Forecourt trader Applegreen will continue to explore opportunities in the US, chairman Daniel Kitchen will announce at its AGM this morning.
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NewsMedia Bites 5 June: Sainsbury’s, Camelot, Ferrero
Sainsbury’s chief executive Mike Coupe enjoyed a hike of almost 7% in his overall pay in the past financial year despite the collapse of the group’s planned takeover of Asda
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NewsRetail suffers worst sales performance since 1995
Retail sales have suffered their worst month in nearly a quarter of a century, the latest data from the British Retail Consortium and KPMG has revealed.
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NewsMedia Bites 4 June: Majestic Wine, High Street, Waitrose
Majestic Wine is stepping up preparations to sell its stores after Gatemore Capital Management’s disclosure last week that it had a 3.9% stake in the group.
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NewsCooler spring weather hampers grocery sales growth
The latest grocery market share figures show supermarket sales growth has slumped in recent weeks to due the cooler temperatures compared to last year’s sunny spring weather.
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NewsMedia Bites 29 May: Beyond Meat, WH Smith, Boots
Shares in Beyond Meat surged 9% to $86.67 on Tuesday after the group said it planned to produce its plant-based meat alternative in Europe for the first time.
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NewsCo-op raises £300m in Fairtrade bond first
The Co-operative Group has become the first retailer in the UK to issue a Fairtrade bond as it announced the raising of £300m to fuel growth.
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NewsMedia Bites 28 May: Premier Foods, Majestic Wine, The Co-op
Premier Foods is looking to offload Mr Kipling in a move that could pave the way for a break-up, according to weekend reports.
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NewsM&S announces £600m discounted rights issue to fund Ocado JV
Marks and Spencer has announced a £600m rights issue to fund its joint venture with Ocado as it reveals a 10% drop in pre-tax profits and a 3% drop in annual revenues.
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NewsMedia Bites 22 May: Jamie Oliver, Majestic Wine, WH Smith
Food industry ambassador and celebrity Chef Jamie Oliver’s restaurant chain has collapsed into administration and all but three of its 25 venues have closed.
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NewsCity snapshot: WH Smith CEO Stephen Clarke steps down
WH Smith chief executive Stephen Clarke has decided to step down at the end of October after 15 years with the company. Plus, trading updates from Cranswick, Greencore, Hilton Food Group, Tesco stops mortgage lending and all the rest of the latest news from the City.
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NewsMedia Bites 21 May: Majestic Wine, Coca-Cola HBC, Petrol prices
OpCapita, the controversial former owner of Comet, is among investors circling Majestic Wines’ 200-strong store portfolio
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NewsCheeky Panda tops crowdfunding target
The bamboo tissue brand has raised a seven-figure sum valuing it at almost £25m
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NewsI Love Snacks seeks £300k of crowd cash to grow listings
’Better-for-you’ snacks company I Love Snacks has returned to crowdfunding platform Crowdcube for a second time in a bid to raise £300,000 in return for nearly 11% equity to help it on its next stage of growth. The company, which sells through more than 300 Waitrose outlets, ...
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NewsCity snapshot: Walmart ‘seriously considering’ Asda IPO
Walmart International CEO Judith McKenna has told Asda staff that a public listing of the UK supermarket chain is being ‘seriously considered’ following the collapse of its merger with Sainsbury’s.
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NewsMedia Bites 15 May: Walmart/Asda, Greggs, Dave Lewis
Walmart has told Asda staff it is seriously considering a stock market listing for its UK supermarket group – the first time it has acknowledged the speculation about Asda’s future
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NewsTown centre vacancy rates soar
Vacancy rates in town centres have risen to their highest in four years, according to the latest BRC-Springboard Footfall and Vacancies Monitor.
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NewsMedia Bites 13 May: Tesco, Sainsbury's, Rich list
Tesco chief executive Dave Lewis is to sweep 20% of its 40,000 products off the supermarket chain’s shelves.
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NewsM&S-backed startup accelerator makes first fmcg investment with Rocketo
Marks & Spencer’s brand accelerator programme has made its first grocery brand investment by taking a minority stake in raw dehydrated organic dogfood startup Rocketo.
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NewsMedia Bites 8 May: 2 Sisters, Retail sales, HelloFresh
2 Sisters Food Group is seeking a buyer for its Matthew Walker Christmas puddings maker