Finance news – Page 623
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NewsSupermarkets set for £6.4bn fortnight as UK delays Christmas food shop
Nervous time for retailers as shoppers leave it late for Christmas
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NewsSainsbury's stays ahead of the market as share hits 16.7%
Strong performances from Sainsbury’s, The Co-operative Group and Aldi and Lidl
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Media Bites 15 Dec: Peroni, Grolsch, living wage, FTSE 100, Sports Direct
Former Diageo boss Paul Walsh is eyeing a £2bn bid for the Peroni and Grolsch lager brands after teaming up with a private equity firm, according to reports.
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NewsCity snapshot: 2 Sisters hails progress despite sales and profits slip
Sales have fallen at 2 Sisters Food Group by 3.5% to £778.3m in the first quarter
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NewsMorrisons launches first of five forecourt pilots
Morrisons returns to the c-store sector with new Daily fascia
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NewsSupermarkets fuelling growth of coffee shop market
Growth was driven mainly by Morrisons adding a further 270 cafés
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NewsGreene King's Rooney Anand appointed Morrisons director
Morrisons taps up Greene King boss Anand for non-exec role
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NewsCity snapshot: Sainsbury's pharmacy sale faces CMA scrutiny
Sainsbury’s sale of its pharmacy business to Lloyds Pharmacy is facing an in-depth investigation by the UK’s monopoly watchdog.
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NewsMedia Bites 14 Dec: Sainsbury’s, Asda, Reckitt Benckiser
Sainsbury’s FD John Rogers gives a bullish interview as he looks forward ‘confidently’ to Christmas and Asda CEO Andy Clarke writes a similarly strident column about ‘weathering the storm’.
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NewsNumber of food and drink makers operating in UK up 6%
The number of food and drink makers operating in the UK has grown 6% to a total of 8,225 businesses, making it one of the country’s most successful industries
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NewsArtisan bakery Bread Holdings records double-digit growth
The north London business, backed by Luke Johnson’s Risk Capital, leapt up the rankings in the recent Grocer Fast 50
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NewsOcado misses its own deadline for an international deal
Ocado looks set to miss its target of a first international tie-up before the year’s end…
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NewsCity Snapshot: Sainsbury’s leads the pre-Christmas price cuts
Sainsbury’s is leading the way among the supermarket price-cutters as the grocers head into the crucial Christmas trading period, according to this month’s GPI
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NewsMedia Bites: Ocado, Whitbread, plain packaging
The papers coverage of Ocado’s latest trading update unsurprisingly focusses on the lack of an update on international deals.
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NewsTwo thirds of global food sector seeking acquisitions next year
67% of global food respondents expect to pursue acquisitions over the next 12 months
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NewsDiageo's Distill Ventures invests £10m in Danish whisky brand
Stauning’s production capacity will grow from 15,000 to 65,000 litres per year
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NewsReal Good Food acquires sport supplement brand ISO2 Nutrition
ISO2 Nutrition is one of the leading suppliers within the sports supplements market
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NewsPZ Cussons shows 'strong' performance over past six months
A continuous innovation pipeline and a new Carex launch has helped PZ Cussons to a “strong” performance
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NewsCity snapshot: Ocado sales up again but no mention of international agreement
Ocado’s sales grew by 15% to £381.6m in the 16 weeks to 29 November
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NewsMedia Bites 10 Dec: Tesco, Morrisons, Taittinger
Tesco shares hit an 18-year low last night in the latest sign that the City is “losing faith in the grocery chain”.