All David Potts articles – Page 13
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Comment & OpinionMorrisons and Tesco look to revive fortunes of own-label value brands
Overhaul of Morrisons’ own-label budget range, with new packaging and prices cut to as low as 20p for some everyday food items, involves more than 250 SKUs at launch
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NewsMorrisons enters 'growth phase' of three-pronged fightback
Dave Potts said core store growth was combining with growth into wholesale markets, including a deal with McColl’s
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NewsCity snapshot: 'Strong year' for Morrisons sees progress on sales, profits and debt
Morrisons has announced a 2.8% rise in annual like-for-like sales, a double-digit jump in profits and a large reduction of net debt as its recovery under CEO David Potts continues. Plus, Conviviality shares suspended “pending an announcement”, Greencore drops 30% on yesterday’s profits warning and all the rest of the latest news from the City.
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NewsCity snapshot: Retail footfall falls again in February
Retail footfall declined by 0.5% in February according to the latest BRC – Springboard footfall and vacancies monitor, though this latest decline marked an improvement on recent falls in shopper numbers. Plus, consumer spending made its weakest start to the year since 2012 and all the rest of the latest news from the City.
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NewsLidl wins Christmas but the surprise package is... Asda
Tesco had been tipped to ‘win’ Christmas, but it was hit by sluggish general merchandise sales and a hit from the collapse of wholesaler Palmer & Harvey
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Analysis & FeaturesHow much could Dave Lewis earn as Unilever boss?
Yesterday’s ‘Fat Cat Thursday’ focussing on the pay of FTSE 100 bosses illustrated that grocery chiefs are relative paupers compared to the vast earnings of some of their contemporaries.
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NewsMorrisons reports festive sales boost
Morrisons has reported a 2.8% uplift in group like for like sales excluding fuel over the ten weeks to 7 January and a 3.7% jump over the Christmas period.
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NewsMedia Bites 19 December: Hershey/Amplify, Campbell's/Snyder's-Lance, Majestic Wine, Morrisons
Two mega deals in the US are featured in the papers on a quiet morning for food and drink as things wind down before Christmas.
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Analysis & FeaturesThe Claus come out: how sharp is this year's festive offer?
The Grocer went shopping to check out the displays and ranges as the battle looms for share of spend this Christmas
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NewsCity unmoved by an eighth consecutive quarter of like-for-like sales growth at Morrisons
Investors in supermarkets remain a tough bunch to please
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NewsMedia Bites 3 November: Morrisons, Tesco, Tate & Lyle, Fever-Tree, Blue Apron
Morrisons third quarter update and a day in court for Tesco CEO Dave Lewis generate plenty of coverage in the papers today.
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NewsMorrisons pledges price freeze on 100 key Christmas lines
Pledge comes as Morrisons reported a 2.5% like-for-like sales increase in the third quarter of this year
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Analysis & FeaturesMorrisons third quarter sales: what the analysts say
Group like-for-like sales including fuel increased 3.4% in the period, with total sales for the quarter, excluding fuel, up 2.3%
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NewsCity snapshot: Morrisons recovery continues as 'price crunch' proves hit with shoppers
Morrisons recovery continued in the third quarter as like-for-like sales rose 2.5%, with its ‘price crunch’ proving popular with shoppers. Plus, Carlsberg lifts full-year profit expectations, Kraft Heinz halts declining sales with a rise in the third quarter; and profits jump 26% at Tate & Lyle in the first half.
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Analysis & FeaturesAs Nisa readies for date with destiny Nick Read's job is done
But while the CEO turned Nisa around and helped secure Co-op offer, his tenure was marred by a fractious relationship with…
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Comment & OpinionHow a focus on British has helped forge a new Morrisons
Morrisons’ commitment to sourcing home-grown food has helped drive a remarkable recovery for the grocer, says tcc global analyst Bryan Roberts
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NewsMorrisons to drive further recovery by expanding The Best
Morrisons is to double the size of its The Best premium own-label range by the end of the year
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NewsCity Snapshot: Coca-Cola HBC CEO to take illness leave of absence
The CEO of FTSE 100 Coca-Cola bottler Coca-Cola HBC is to take a four month leave of absence to treat a medical conditions. Plus, Nestlé acquires a majority stake in Blue Bottle Coffee, the pound soards but leaves UK fmcg companies nursing share price losses and all the rest of the latest news from the City
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NewsMedia Bites 15 Sep: Morrisons, John Lewis, Booker
A busy day for the retail news sees this morning’s papers consider the good results and subsequent share price drop for Morrisons, John Lewis’ profits slump, the strengthening pound, Booker’s cigarette sales and more.
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NewsMorrisons' seventh quarter of growth: what the analysts say
Industry commentators continue to be impressed by CEO David Potts’ turnaround of the retailer