All articles by Ed Devlin – Page 220
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NewsCity snapshot: Moody’s downgrades Morrisons
Morrisons recent miserable run has continued as ratings agency Moody’s downgrades the supermarket’s debt following the 35% decline in pre-tax profits reported by the group last week
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NewsMedia Bites 16 September: Tesco, Ocado, Subway, M&S
Tesco is turning up the heat in the battle to win more customers for its challenger bank
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NewsCity snapshot: Sales rise at Ocado
Ocado has yet again reported double-digit revenue growth – ahead of analyst expectations – with group sales up 17.3% in its third quarter
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NewsMedia Bites 15 September: Labour, Living Wage, Poundworld, William Grant & Sons
The focus on the implications of the new Labour leadership continues following Jeremy Corbyn unveiling his shadow cabinet. Plus new research finds three sectors will suffer most from new Living Wage; Poundworld unveils record tradings; and William Grant & Sons ups profits despite sales plunging 17%.
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NewsPoundworld hails ‘landmark progress’ in record year
Discount chain Poundworld has increased operating profits by almost 130% to £14.6m thanks to a record year of trading as sales jump £77m to £422.3m.
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NewsPoundland's Jim McCarthy undeterred by CMA wait
Poundland’s ambition to pursue more deals has not been diminished by four months of in-depth scrutiny…
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NewsConfectioner Hope & Greenwood rescued from administration
Old-fashioned sweetshops in London have closed but the brand lives on thanks to Monty Bojangles manufacturer
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NewsCity snapshot: Crawshaw Group adds CFO and COO
Value butchery chain Crawshaw Group has filled its vacant chief financial officer role and appointed a new chief commercial officer as it moves forward with expansion plans.
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NewsPoundland shares soar on approval of 99p Stores merger
Shares in Poundland have jumped 5.5% this morning as investors reacted positively to news that its £55m acquisition of rival 99p Stores can now go ahead.
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NewsCity snapshot: Poundland takeover of 99p Stores gets green light
Poundland’s £55m takeover of rival discounter 99p Stores has been provisionally cleared by the competition watchdog after facing in-depth scrutiny over the past few months.
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NewsMedia Bites 25 August: Black Monday, Asda Income Tracker, Monsanto
The business sections of today’s papers are dominated by coverage of values on stock markets round the world plunging on ‘Black Monday’
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NewsStock Spirits aims to treble UK revenues
European drinks group Stock Spirits has set its sights on trebling sales in the UK over the next two years after trading difficulties in Poland led to sales and profits plunging in its first half.
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NewsCity snapshot: Naked Wines launches 'text for wine' service
Online crowd funded retailer Naked Wines continues to seek a boost in the fortunes of new owner Majestic Wine
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NewsMedia Bites 24 August: Tesco, BHS, Amazon Fresh
Tesco now looks set to lose out on the sale of its Korean business as well thanks to a slide in the local currency
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Analysis & FeaturesOrange supply squeeze puts pressure on juice suppliers
An expected shortage of fresh oranges from Spain is set to squeeze juice supplies
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Analysis & FeaturesCan Andy Clarke deliver recovery with Asda backs to the wall?
Clarke promises turnaround after worst performance in its history
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NewsWH Smith ignores VAT furore as it beats profit forecasts
Shares in WH Smith fell 1.3% today after the retailer avoided any mention of the ongoing row over alleged pocketing of VAT savings at airports.
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NewsTossed hits fundraising target with support from Andy Murray
Food-to-go retailer Tossed has smashed its fundraising target of £750,000 on crowdfunding platform Seedrs with help from tennis world number two Andy Murray.
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NewsCity Snapshot: Profit warning at Carlsberg as Europe proves tough for new CEO
Carlsberg’s new CEO has issued a profit warning in his first set of results this morning thanks to market decline
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NewsMedia Bites 19 August: M Local, M&S, Asda
Convenience veteran Mike Greene has emerged as the frontman for investment firm Greybull’s bid to takeover M Local; more boardroom upheavel at M&S and Asda’s woes make the papers today.