Finance news – Page 564
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NewsBrian McNamara appointed CEO of GSK consumer health division
He succeeds Emma Walmsley, who last month was appointed GSK CEO designate
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NewsSainsbury's looks to drive Argos awareness with pop-up shops
Sainsbury’s CEO Mike Coupe said his ambition was to put an Argos concession or click & collect point in all supermarkets
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NewsMedia Bites 11 October: Sainsbury's, AB InBev/SABMiller, Amazon
Sainsbury’s reveals its latest look for the “supermarket of the future”, AB InBev completes it merger with SABMiller, and Amazon is set to open three physical stores in the US.
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NewsCity snapshot: Premier Foods sales plunge after late summer
Premier Foods’ recovery took a hit in the second quarter as branded grocery sales slumped 12.4%, with customers staying away from Bisto gravy and Oxo stock cubes during a hot September.
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NewsBrexit has damaged business, say food & drink suppliers
More than two-thirds of suppliers are less confident about the business environment after the EU referendum
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NewsSugar quota abolition could hit availability, suppliers told
Regime change will not necessarily mean lower prices on the Continent, says Rabobank
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NewsChelmsford Star Co-operative like-for-like food sales fall
The society opened two stores in the last six months but is also set to shut its Exchange Way site
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NewsCity Snaphot: BRC/KPMG record best quarter for food retail since 2013
Total food sales rose 1.6% in the three months to 1 October, according to the September BRC/KPMG Retail Sales Monitor …
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NewsMedia Bites 11 Oct: Morrisons, UK retail sales, Consumer spending
Morrisons briefly overtook J Sainsbury yesterday to become Britain’s second-biggest supermarket chain by stock market value.
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NewsMartin Bailie to leave Lidl after 14 years with company
His move is the latest in a string of senior comings and goings sparked by CEO Ronny Gottschlich’s recent departure
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NewsKolak Food Snacks and Europe Snacks announce merger
The two suppliers have combined their product portfolios with the aim of creating a category leader
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NewsCommons report slams pre-pack Bernard Matthews deal
Work and Pensions Committee report claims deal “carefully crafted” to dump pension liability
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NewsCity Snapshot: BRC warns on impact of Brexit import tariffs
The chairman of the British Retail Consortium has written to the government stressing the organisations concerns over post-Brexit import tariffs …
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NewsMedia Bites 10 Oct: Online grocery, Bernard Matthews, SABMiller/AB InBev
The soaring popularity of grocery delivery has left a £500m black hole in the profits of Britain’s biggest supermarkets which will worsen as more shoppers use the service.
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NewsMars Chocolate back in growth despite top brands' struggles
Mars Chocolate UK returned to top line growth last year as total sales grew 2.9% despite pressure on some of its key brands. Plus globally, Mars merges Wrigley with its chocolate business.
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NewsPrimal Pantry in talks to secure biggest ever funding
Founder Suzie Walker has hired boutique corporate advisory firm Stamford Partners to help with the negotiations
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NewsNetto loss hit £40m in year before JS and Dansk decided to pull plug
Annual pre-tax losses reached almost £40m at Netto in the financial year before Sainsbury’s and Dansk pulled the plug
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NewsMedia Bites 7 October: Walmart, Mars/Wrigley, sterling, Brexit
Asda owner Walmart warned earnings next year would be flat as it pushes online harder. Plus Warren Buffett sells his minority stake in Wrigley to Mars.
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NewsCity snapshot: Prices rising in ambient grocery
Food prices are finally heading higher in the ambient goods category after two years of deflation in the market, the latest Grocer Price Index has found.
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NewsTesco shares rally as Dave Lewis leads bounceback
fDave Lewis’ declaration that Tesco was officially a business “out of crisis” sparked excitement in the City