Finance news – Page 657
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NewsMedia Bites 1 July: Ocado, Morrisons, Asda
Efforts by Ocado to shed its upmarket image appear to have helped it attract a wider range of shoppers
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NewsFamous Grouse owner grows through Eastern single malt success
The company was up 1.8% on the back of 10.5% growth for single malt The Macallan – the market leader in Russia, China, Japan, South Korea and Hong Kong
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Analysts upbeat on latest Ocado figures
Ocado’s results are proof it can continue to build its UK retail operation despite an “extremely difficult” trading environment, analysts at Numis said today
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NewsSnax 24 and Rontec merge to form major roadside retailer
The merger follows a 12-month acquisition spree by Rontec worth £100m
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NewsCity Snapshot: Ocado grows sales and profits as more customers shift to online
Revenue and earnings registered double-digit rises at online grocer Ocado in its first half, up 18.2% to £507.7m and 11.4% to £38.2m respectively
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NewsMedia Bites 30 June: Tesco, Edrington, Tate & Lyle
A survey finds the cost of everyday items at Tesco is rising at its lowest rate for decades, sales and profits fall at Scotch whisky producer Edrington and Tate & Lyle hands new FD £700k in shares.
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NewsCity Snapshot: C-store owners invest heavily to improve shops
C-store owners have invested £162m in the past three months as they prepare to fend off big supermarkets in the war to win over shoppers. Plus a morning of disruption on world’s markets as Greece looks set to default.
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Media Bites 29 June: Ocado, Tesco, c-stores
The business pages are dominated by the desperate battle raging in Greece to save the country’s banks ahead of a potential debt default, but news is a little quieter for the world of grocery.
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NewsMüller acquisition of Dairy Crest takes big step forward
Müller UK & Ireland has offered processing capacity at two sites in the south west of England and South Wales to a third party dairy processor in a bid to allay CMA fears
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NewsTesco/Morrisons shares honeymoon 'will soon be over'
A damning new report on UK supermarkets has warned the sense of investor optimism about the sector will soon be over…
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NewsAhold-Delhaize merger prompts Morrisons-Sainsbury's gossip
The mega-merger of European supermarket giants Ahold and Delhaize will shake up the grocery sector in Europe and the US…
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NewsNisa posts £3m loss and admits 'over-optimism' on lost business
Buying group Nisa has recorded a £3m loss – the first in its history – for the year to April 2015…
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NewsMedia bites 26 June: Supermarket mergers, Tesco, discounters
The Telegraph speculates whether Britain’s supermarkets could be about to merge after the Ahold and Delhaize deal sparked speculation that UK grocers could team up in the face of falling sales.
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NewsCity snapshot: Tesco’s first quarter sales beat expectations
Tesco continued to show an improving sales trend in the first quarter as its like-for-like sales trend improved once more in what CEO David Lewis called “another step in the right direction”
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NewsSainsbury's the latest to cut milk prices
The retailer announced today (26 June) that the price of two pints of its own-label milk had been dropped from 89p to 75p across its supermarkets
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NewsUnilever snaps up Dermalogica
Sold in more than 80 countries, Dermalogica had a turnover of $240m (£153m) last year
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NewsExtension of GCA powers could take years
CMA reveals that any further powers would require fresh investigation or new legislation
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NewsSainsbury's Helen Buck departs for Palmer & Harvey
The supermarket’s business development director had been on the board since 2010
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NewsCity snapshot: B&M Bargains CEO’s salary more than trebles
The basic pay of B&M European Value Retail’s CEO Simon Arora will increase to £575k in the current financial year