Finance news – Page 297
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NewsCity snapshot: Sainsbury’s Christmas grocery growth mitigates Argos decline
Sainsbury’s has posted a decline in like for like retail sales in its crucial third quarter. Plus, Greggs has posted another quarter of strong organic growth to take its full year sales up 13.5% year-on-year while committing to pay staff £7m and all the rest of the latest news from the City.
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NewsMedia Bites 8 Jan: Morrisons, Grocery market share, Poundland
Cautious shoppers, heavy discounting and a decision to shun Black Friday triggered a fall in sales at Morrisons
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NewsCotswolds Distillery nets over £1m in latest funding push
Since its launch in 2014, the gin and whisky maker has raised over £12m
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NewsEnfield retail park to be redeveloped for online sellers after M&G sale to Prologis
Ravenside Retail Park in north London’s Edmonton had been owned by M&G, the investment firm that last month banned withdrawals by investors from its property fund
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NewsEuro Food Brands hails ‘strong’ outlook despite Illy’s foodservice demerger
The specialist distributor said it was able to replace lost revenue with new growth from existing and new customers
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NewsPotts blames ‘year of uncertainty’ as Morrisons posts Q3 sales decline
Potts said there had been “no Boris bounce” for supermarkets after the election
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NewsCity snapshot: Morrisons sales slide in the run-up to Christmas
Morrisons like for like retail sales slid 1.7% in the 22 weeks to 5 January. Plus, the UK grocery industry has experienced its worst Christmas period since 2014 according to the latest market share figures and all the rest of the latest news from the City.
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NewsMedia Bites 7 Jan: Aldi, Jamie Oliver, Brexit
Christmas sales at Aldi topped £1bn for the first time, but the discounter experienced a slowdown in UK sales growth during the busy festive period
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NewsPasta straws maker Stroodles raises £180k to disrupt straw market
The brand producing a pasta alternative to plastic straws will use the funds to expand its sales team, fund marketing and NPD
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NewsTesco launches new wave of price cuts and Clubcard discounts
The offers will cover brands including PG Tips, Birds Eye, Cathedral City, Colgate and Persil
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NewsCity snapshot: Aldi sales surge 7.9% over Christmas
Aldi has announced its total sales jumped 7.9% in the four weeks to 24 December to break £1bn for the first time.
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NewsMedia Bites 6 Jan: Supermarket sales, Just Eat, Compass Group
The supermarket giants will reveal underwhelming Christmas sales figures this week, as the relentless pressure from discount rivals continues to cast a shadow over the sector.
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NewsScandinavian Tobacco Group acquires Dutch cigar maker Agio Beheer BV
STG first announced the deal on 16 September and it completed yesterday (2 January)
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NewsASF pandemic makes pork fraud a real threat, warns Chris Elliott
Soaring demand for pork created by ASF left the sector open to fraud, warned industry group FIIN
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NewsFestive online sales surge at Next to beat expectations
Retail bellwether Next has posted solid growth in the festive period, though in-store sales continued to fall as customers shifted to online.
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NewsMedia Bites 3 Jan: Retail footfall, US vaping, Vegan food to go
Footfall across Britain’s shopping destinations fell over the crucial post-Christmas trading period even as retailers slashed prices to lure customers.
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NewsDash Water nets £1.6m funding and new senior management trio
The brand raised the sum from existing and new investors
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NewsNational minimum wage hikes will hit high street hard, warns the ACS
The wage is set to rise by 51p in April to £8.72 per hour
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NewsAldi to expand its Scotland estate with six stores
The discounter said the new stores would lead to the creation of 200 jobs