Finance news – Page 524
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NewsCity snapshot: Sainsbury’s profits dip in 'challenging' grocery market
Sainsbury’s underlying profit before tax fell by 1% in the year to 11 March amid a ’competitive and uncertain trading environment’
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NewsDobbies strikes five-year deal with Ocado
The garden centre business will sell its full range online early next year using Ocado’s general merchandise warehouse
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NewsProduct recall hits first quarter sales at Altria
Net revenues at Marlboro cigarette maker Altria were held back by a sharp drop sales of non-tobacco products after a product recall in January.
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NewsM&S rumoured to be eyeing Ocado tie-up for online grocery trial
The pair are believed to be starting talks in the coming weeks, but neither will comment on speculation
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NewsJust Eat's sales jump 46% in first quarter
The UK’s appetite for takeaway food shows no sign of waning despite concerns over a squeeze on consumer spending as Just Eat reported another 46% jump in first quarter sales
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NewsMedia Bites 2 May: M&S, Sainsbury's Imperial Brands
Marks & Spencer and Ocado are eyeing a surprise tie-up that could result in the high street stalwart finally launching an online grocery delivery service.
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NewsBoparan boosts waste creds of 2 Sisters with Crawshaws investment
Ranjit Boparan is aiming to boost the waste credentials of his 2 Sisters Food Group thanks to a private investment in lossmaking value meat retail chain Crawshaws.
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NewsFine wine prices soar as weak sterling attracts overseas buyers
The Liv-ex Fine Wine 100 Index closed at its highest level for five years last month
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NewsPepsi adapting quicker than Coke, earnings updates reveal
Pepsi beat analyst expectations with a 41% jump in first-quarter net income and a better than forecast 1.6% rise
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NewsCity snapshot: Consumer confidence erodes as general election looms
Four of the five measures used in GFK’s consumer confidence index fell in April, further eroding the overall index ahead of June’s snap general election. Plus Tate & Lyle pins recovery hopes on post-Brexit Britain and all the rest of this morning’s news from the City
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NewsMedia Bites 28 March: M&S, Amazon, Pret a Manger
Marks & Spencer is to launch an online grocery shopping service this autumn as it looks to cash in on the success of its food halls.
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NewsTate & Lyle Sugars blames EU for annual trading loss
Tate & Lyle Sugars is pinning turnaround hopes on a new post-Brexit regulatory approach to sugar imports after blaming the EU for another annual trading loss.
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NewsP&G looks to ‘irresistible superiority’ to boost performance after Q3 slide
The principle will apply to everything from R&D to marketing
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NewsPret A Manger notches up 12th consecutive year of growth
Across the period, Pret opened 50 new stores including 31 in the UK
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NewsYoung's faces battle with PE to buy Icelandic Seachill
It is understood Young’s is keen on a deal, and has been looking at the business for several months
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NewsCity snapshot: Packaging firm DS Smith on target to hit full-year expectations
Packing firm DS Smith is on target to hit full-year expectations after “good” volume growth in its financial year to 30 April. Nivea owner Beiersdorf has has started the 2017 fiscal year with “strong growth momentum”, plus all the rest of the latest news from the City
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NewsMedia Bites 27 April: High street, Airport duty free, Nichols, P&G
Britain’s shops are slashing workers as they try to cut costs in the face of rising prices and falling sales.
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NewsP&G sales down 1% in third quarter amid tough market conditions
P&G has reported a 1% drop in third quarter revenues amid market growth slowdown, geopolitical disruptions and foreign exchange headwinds.
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NewsFDF urges exporters to look to £6bn target by 2020
New guide launched at parliamentary event sets ambition to grow exports of UK branded goods by a third
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NewsBoparan strikes deal for 50% of value meat retailer Crawshaw Group
Ranjit Boparan has agreed to invest £5.1m in struggling value chain Crawshaw for an initial 30% stake, with options to take a further 20%