Finance news – Page 352
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NewsMedia Bites 29 Oct: Brexit stockpiling, Just Eat, Boots
Britain’s biggest retailers have been ramping up their stockpiling efforts to record levels in the run-up to Brexit.
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NewsBoots UK sales and profits fall in face of ‘very challenging’ UK market
Sales decreased by 1.8% on a constant currency basis, mainly because of a 2.1% decline in Boots UK
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NewsOcado’s GSCOP designation under review following structural shake-up
Ocado Group requested the review, arguing that from 5 August 2019 it had no involvement in the grocery retail side of the business
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NewsUK e-retailer deals rise as high street woes increase online focus
The number of M&A deals for UK e-retailers has risen by 50% in the past year as retail groups come under pressure to accelerate online sales growth amid a wider high street slump.
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NewsMedia Bites 28 October: Just Eat, AB InBev, Asda
Just Eat has accepted that its multibillion-pound merger with Takeaway.com is dead in its present form, according to The Times.
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NewsLabour shortages set to hike apple prices
British Apples & Pears warns the total amount of unpicked top fruit “could be much more” than previously thought
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NewsRefresco hit with £8.1m charge following acquisition of Cott
Bottling giant Refresco was hit with an £8.1m exceptional charge last year resulting from its £935m acquisition of fellow bottling firm Cott.
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NewsBear reports sales fall amid intensifying competition in the fruit snacking space
Fruit snacking brand Bear has seen a reversal of its rapid growth as fierce competition and lower-priced rivals have stunted sales.
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NewsMedia Bites 26 Oct: Amazon, Impossible Foods, Coca Cola
Amazon’s investment in expanding its one-day delivery service triggered the first fall in quarterly oprating profits in over two years, spooking investors and wiping $80bn from the retailer’s market cap.
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NewsP&G announces move to cut 9,000 tonnes of plastic from supply chain
It is the latest in a swathe of big fmcg businesses to crack down on plastics over recent weeks
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NewsLabour shortages putting pressure on supermarkets to raise warehouse pay
Shortage means workers can pick and choose, while DCs are having to relax job requirements, says leading recruiter
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NewsCCEP invests in two tech-driven delivery start-ups
Coca-Cola European Partners has made its first investments under a new venture arm after taking stakes in two tech-based start-ups.
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NewsMedia Bites 24 Oct: Just Eat, Beyond Meat, Impossible Foods, Retail jobs
The hostile suitor trying to buy Just Eat must pay an extra £1bn to take it over, a major shareholder has said.
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Brain Füd turns to the crowd to fund switch to cans
A legal spat with Red Bull has forced a change to Brain Füd’s packaging and slogan
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NewsGrocemania expands out of London with dozens of new retailers
New symbol retailers include a Nisa, Costcutter and Simply Fresh stores
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NewsUp to 270 jobs at risk as Tulip starts consultation at Bodmin meat plant
The site is understood to have lost about £20m during the past two years
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NewsUber Eats makes convenience move with Costcutter delivery tie-up
Retailers within the symbol group will be able to sign up to Uber Eats through the Costcutter Supermarkets Group
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NewsCity snapshot: Heineken third quarter sales rise on Asia-Pacific strength
Heineken has reported a 2.3% organic increase in beer sold during the third quarter driven by double-digit growth in Asia-Pacific. Plus, Carrefour Q3 like for like sales up 2.3% despite French weakness and all the rest of the latest news from the City.
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NewsMedia Bites 23 Oct: Just Eat, Uber Eats, Tariffs
Naspers, the South African tech conglomerate, has tried to gatecrash a merger of two of Europe’s biggest food delivery groups
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NewsSoft drinks maker Clearly Drinks buys Revolution Waves water
Soft drinks maker Clearly Drinks has acquired flavoured water brand Revolution Waves for an undisclosed sum.