All articles by Ed Devlin – Page 224
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NewsCarrefour shares rise as international growth pushes up sales
Shares in French supermarket giant Carrefour have risen 2.5% to €30.89 thanks to continued sales growth in its second quarter
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NewsLidl sales climb £700m to record £4bn as new HQ plans unveiled
Lidl has hiked its UK sales by £700m to a record £4bn for the 2014 financial year as more shoppers desert the mainstream grocers for the discounters
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NewsCity Snapshot: Carr's food volumes hold up
Volumes in Carr’s Group food division, which supplies flour to the likes of Warburtons, are ahead of a year ago
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NewsSquare Pie targets £2m from launch of ‘pie bond’
Gourmet pie business Square Pie, which has listings in Tesco and Ocado is aiming to raise up to £2m from a crowdfunding campaign to add new products to its supermarket range.
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NewsCity Snapshot: Dairy Crest reports strong cheese quarter
Dairy Crest says its expectations are unchanged on the back of strong cheese growth, while Ferrero reaches 72% of Thorntons ownership
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NewsMedia Bites 14 July: Living wage, Tesco, GCA, Bargain Booze
George Osborne’s new national living wage is likely to lead to higher prices at the supermarket checkout, according to Moody’s. Plus Tesco brings in new click & collect charges, the GCA asks questions of Morrisons and profits and sales rise at Conviviality retail.
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Analysis & FeaturesConviviality Retails sidesteps takeover questions to focus on growth story
Conviviality Retail sought to shake any shadow potentially cast over today’s full-year results by the headline-grabbing reverse takeover bid of wine wholesale Matthew Clark by refusing to answer any questions on the subject.
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NewsBargain Booze owner lays foundations for growth
Conviviality Retail boss Diana Hunter has said the group is in a “strong position” to grow in the coming years after the Bargain Booze owner increased revenues 2.4% to £364.1m.
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NewsConviviality Retail confirms bid for Matthew Clark
Conviviality Retail has emerged as a front runner in the £200m sale of specialist wine wholesaler Matthew Clark…
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NewsCoty and P&G shares dip following mega-merger agreement
Shares in beauty giants Coty and Procter & Gamble slipped 4.7% to $30 and 0.4% to $80.66 respectively as investors weighed up the benefits of the $12.5bn deal for P&G’s beauty business.
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NewsCity Snapshot: Waitrose sales soar as sun shines
Sales at Waitrose soared 6% to £132.2m in the 22nd week of its current financial year thanks to “summer sunshine, British sporting heroics and US Independence Day parties”. Plus stevia producer PureCircle appoints two former Pepsi and Coke execs to the board.
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NewsMedia Bites 10 July: Bargain Booze, petrol prices, PepsiCo
Bargain Booze confirms its in the race for wine supplier Matthew Clark, fallout from the living wage announcement, Sainsbury’s and Tesco prices at the pump, PepsiCo beats market expectations and Procter & Gamble has agreed to sell 43 beauty brands to Coty.
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NewsWalgreens Boots beats profit forecasts for third quarter
Global pharmacy and health giant Walgreens Boots Alliance has beaten profit expectations in the third quarter as sales across its divisions grew following the official formation of the larger group.
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NewsAssociated British Foods stock climbs as revenues grow
Shares have increased almost 5% at Associated British Foods after the group said revenues were ahead of last year.
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NewsConviviality Retail confirms reverse takeover talks with Matthew Clark
Conviviality Retail has suspended trading in its shares “due to media speculation” it is seeking to acquire UK drinks supplier Matthew Clark.
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Analysis & FeaturesLiving wage dominates Sainsbury's AGM
No sooner had Mike Coupe said there was no way he could commit to a living wage at Sainsbury’s by next year’s AGM than George Osborne announced a new compulsory national pay scale for everybody over the age of 25.
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NewsCity Snapshot: Nomad Foods seeks more cash for big deals
Nomad Foods has issued a rallying call to institutional investors in a bid to raise more cash for further big deals. Plus shares soar is Fever-Tree as it ups full-year expectations, SABMiller appoints new CFO, Booker reports Q1 figures ahead of AGM and the BRC’s latest shop prices index.
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NewsMedia Bites 8 July: M&S, Sunday trading, Tesco
Investor angst at M&S following reversal in Q1 clothing sales, fallout from George Osborne Sunday trading law plans and KKR rejoin the shortlist of five bidders for Tesco’s South Korean business.
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NewsM&S invests in every day prices in first quarter
Marks & Spencer dipped its toes in the UK supermarket price war during its first quarter in a bid to stay competitive in a challenging sector, according to CEO Mark Bolland.
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NewsShop closures slow as economy turns the corner - Deloitte
Retail administrations have slowed dramatically in the first half of 2015 as the economy stabilises, according to research from Deloitte.