Finance news – Page 513
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NewsCamelot launches review after National Lottery sales slump
Camelot said it would release an update when it announced its half-year results later in the year…
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NewsOnline grocery set to rise 12% to pass £11bn in 2017
The Mintel research showed 14% of Brits do all of their grocery shopping online
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NewsMoody’s downgrades Reckitt Benckiser after Mead Johnson deal approval
Rating agency Moody’s has cut the long-term credit rating of Reckitt Benckiser (RB) by two notches following the approval of its US$17.9bn acquisition of US baby milk group Mead Johnson.
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NewsCity snapshot: Third quarter like-for-like sales flat at WH Smith
Travel and high street retailer WH Smith has posted top-line sales growth of 2% in the 15 weeks to 10 June, while like-for-like sales were flat as travel sales rose and the high street slumped. Plus trading updates from British American Tobacco and Coca-Cola European Partners and all the rest of the news from the Cit
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NewsMedia Bites 14 June: Online shopping, Sainsbury's, Heineken
The proportion of households who do all their grocery shopping online has doubled since 2014 according to new figures from Mintel.
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NewsUK inflation jumps to 2.9%
The UK’s consumer prices index (CPI) measure of inflation rose to 2.9% in May, up from 2.7% in the previous month.
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NewsWolverhampton shopkeeper jailed for tobacco & alcohol fraud
More than £77,000 worth of non-duty paid tobacco and alcohol was found under the counter and in a nearby storage unit
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NewsCarlsberg kicks off Together Towards Zero sustainability push
The Danish beer giant aims to achieve zero emissions from its breweries by 2030
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NewsCity snapshot: CMA finds Heineken’s Punch Taverns deal could reduce competition in 33 local areas
The Competition and Markets Authoroty has ordered Heineken to address competition concerns over 33 local areas across Great Britain, but said the £305m deal raised no competition issues for brewers. Plus all the latest news from the City
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NewsMedia Bites 13 June: Aldi, Morrisons, Ocado
Cut-price supermarket chain Aldi is seeking to conquer the US market – opening 400 new stores by the end of 2018 and creating 25,000 jobs.
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NewsReckitt Benckiser secures regulatory clearance for $17.9bn Mead Johnson takeover
Reckitt said the acquisition would considerably strengthen its presence in developing markets, particularly China where Mead Johnson has sales of more than $1bn.
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NewsOcado & Morrisons' Birch Coppice DC bought by Tritax Big Box
The Dordon facility was purpose built for Ocado in 2012
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NewsOcado seeks to borrow £200m to grow capacity and improve offer
The online retailer today said it was keen to take advantage of “historically low financing costs”
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NewsConsumer spending falls in May as shoppers display caution
High street footfall also declined in May with a fall of 2%
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NewsNisa Retail explores potential sale of member-owned buying group
Nisa told its members this weekend that it had received ’a number of enquires and proposals’
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NewsMedia Bites 12 June: Nisa, Poundstretcher, Morrisons, Tesco
The shockwaves from Thursday’s election dominate the papers this weekend, but there is still plenty of grocery news, including Nisa Retail hiring bankers to explore a shock sale.
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NewsCity snapshot: Industry welcomes Michael Gove as Defra secretary
Michael Gove has been appointed as Defra secretary in a cabinet reshuffle by Prime Minister Theresa May in a move welcomed by the food and drink industry. Plus, sterling stabilises after crashing on the shock general election result.
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NewsCity News: Ocado international deal fails to excite analysts
It all started so well. Ocado shares leapt above 338p to a year high on Monday morning
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NewsSainsbury's hit hardest by shock election result as Tesco to benefit
Sainsbury’s is likely to be the hardest hit of the listed grocers by the ongoing political and economic uncertainty brought by a hung parliament thanks to its exposure to the high street with Argos, analysts have warned today.
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NewsSNP losses mean independence vote 'unlikely' says SGF
The SNP lost 21 seats in the General Election…