Finance news – Page 590
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NewsGrocer Price Index moves to record deflationary level of -3.1%
Supermarket prices have fallen by more than 3% on a year-on-year basis for the first time
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NewsTesco to offload Giraffe to Ranjit Boparan
Tesco has agreed to sell Giraffe to 2 Sisters owner Ranjit Boparan as the supermarket continues its strategy of disposing of non-core assets.
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NewsMedia Bites 10 June: M&S, Argos, Morrisons, Boots
The M&S annual report and the pay of Marc Bolland and Steve Rowe is poured over; the Q1 sales growth for Argos also features, alongside a management shake up at Boots.
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NewsCity snapshot: Iceland slows decline of like-for-like sales
aroIceland has slowed the rate of decline in its like-for-like sales thanks to new initiatives introduced throughout the year. Plus Tesco agrees the sale of Giraffe; and Sainsbury’s CFO John Rogers to take charge of Argos.
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NewsArgos puts in best performance for two years
Home Retail Group has given Sainsbury’s a boost today as it revealed Argos put in its strongest sales growth performance in eight quarters.
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NewsMolson Coors agrees rights deal for Bavaria beer brands
The agreement will cover Bavaria’s portfolio of brands in the UK
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NewsChicken sales soar on back of price cuts
Chicken sales are outpacing the wider fresh meat & poultry category
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NewsAmazon Fresh: what the analysts say
Our round-up of reaction from leading retail and city analysts
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NewsCity snapshot: Amazon pulls trigger on UK grocery launch
Amazon has launched its much anticipated Amazon Fresh grocery delivery service in the UK - plus PZ Cussons’ European growth helps negate African troubles and the market looks favourably on Sainsbury’s first quarter like-for-like sales drop.
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NewsMedia Bites 9 June: Amazon Fresh, BHS, Sainsbury's
“Amazon Fresh launches assault on UK supermarkets” is the headline in The Telegraph this morning on the news that Amazon is launching grocery deliver in 69 post codes across London.
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NewsAmazon Fresh grocery delivery service goes live in the UK
The service, previously only available in the US, will come at a standard monthly price of £6.99 for unlimited deliveries on orders over £40
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NewsWH Smith shares fall despite Q3 sales rise
Sales at WH Smith have increased 2% in the third quarter thanks to continued growth at the retailer’s travel division.
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NewsSainsbury's Q1 results: what the analysts say
Retail and city experts take sceptical view of supermarket’s upbeat Q1 statement
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NewsMedia Bites 8 June: Asda, United Biscuits, Amazon Fresh
Reaction to news that Andy Clarke is preparing to hand over the reigns at Asda; United Biscuits owner is planning London IPO; and more rumours about the timetable for the UK arrival of Amazon Fresh.
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NewsSainsbury's like-for-like sales fall in Q1
Like-for-like sales tumble 0.8% at Sainsbury’s, with total retail sales up just 0.3%
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NewsUnited Biscuits owner eyes London IPO after launch of global snacks firm Pladis
Yildiz Holding aims to launch a FTSE 100 listing within the next five years after unveiling its new global snacks company Pladis
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NewsRefresco rebrands as it eyes global expansion
Refresco Gerber has rebranded following the successful integration of the Refresco and Gerber juice businesses.
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NewsC&C Group signs Singapore distribution deal for Magners
C&C Group has grown its global distribution for Magners after signing a partnership with ThaiBev subsidiary InterBev in Singapore.
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NewsFood sales show best momentum since October
Overall UK retail sales increased by 0.5% on a like-for-like basis from May 2015
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NewsMedia Bites 7 June: BHS, Retail sales, Asda
Calls for more investigations into the collapse of BHS dominate the headlines once more today.