All Finance articles – Page 466
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NewsCity snapshot: Supermarket inflation eases to 1.1% in May
The Grocer Price Index measure of supermarket inflation fell from 1.2% to 1.1% as Tesco recorded its lowest level of inflation for almost a year. Plus Distil shares rise after year of double-digit growth and all the rest of the latest news from the City.
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NewsMedia Bites 8 June: Costa Coffee, M&S, Poundworld
Whitbread has mooted the possibility that it could sell its Costa Coffee or Premier Inn businesses rather than pursue its proposal to demerge its coffee business within the next two years.
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NewsTesco inflation falls but it's still running ahead of rivals
Tesco has recorded its lowest level of inflation for almost a year as the UK’s biggest supermarket looks to step back into line with the other major players.
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NewsM&S chief executive Steve Rowe's earnings slashed by almost a third
The cheif executive of the high street retailer saw his earnings for the year fall by more than £500k, the company’s annual report revealed
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Comment & OpinionMeat, fish and dairy companies must invest in innovation - or risk being disrupted
A new index for investors finds meat, fish and dairy companies are not doing enough to respond to disruption from alternative proteins. FAIRR’s Aarti Ramachandran explains why.
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NewsPoundworld buys time with intention to appoint administrators
The process gives the chain 10 working days’ protection from creditors, after which an administrator will be appointed
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NewsCMA launches phase one inquiry into MFG's takeover of MRH
The CMA’s decision on whether to wave the deal through or proceed to a more in-depth phase two inquiry is expected by 6 August.
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NewsGrocemania restarts crowdfunding following plagiarism claim
Grocemania’s push for £100k was pulled by Crowdcube in April
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NewsCity snapshot: Remy Cointreau upgrades earnings expectations
French spirits group Remy Cointreau has increased its sales and profits targets after posting a 14.1% increase in operating profits last year. Plus, new CFO for Irish agri-services group Origin Enterprises and all the rest of the latest news from the City.
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NewsMedia Bites 7 June: Asda/Sainsbury's, Poundworld, WH Smith
Asda’s headquarters in Leeds is to be demolished and hundreds of Sainsbury’s staff moved from London, following the £14.1billion merger of the two supermarkets, writes The Daily Mail.
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NewsProspective buyer of Poundworld reported to have withdrawn
Alteri Investors pulled out of negotiations within the last 24 hours, according to Sky News
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NewsTulip CEO Steve Francis steps down
Francis was credited with turning the pork supplier around and bringing it back into profitability by parent Danish Crown
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NewsAF Blakemore not ruling out further depot closures
Wholesaler to close Barnsley and Newport sites next week
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NewsEfra warns of Brexit threat to smaller fruit & veg suppliers
Smaller horticulture businesses could suffer if EU support mechanisms for farmers are not replicated, The Committee warns
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NewsCity snapshot: Travel sales jump boosts WH Smith in third quarter
An 8% jump in WH Smith’s travel arm has helped its overall group sales rise 4% in the third quarter while gross margin continued to improve. Plus, cold weather and higher fuel prices hit Applegreen’s early 2018 performance, currency inflation boosts profits at Zambeef and all the rest of the latest news from the City.
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NewsMedia Bites 6 June: Brexit, Tesco, Kraft Heinz
Farmers are nervous about post-Brexit plans following a government consultation that they believe lacks “clarity on funding, delivery and timing”
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NewsTesco contributes £37bn to wider UK economy, finds report
KPMG estimated that Tesco indirectly supported the equivalent of nearly 450,000 jobs in the UK
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NewsDiscounter and online gains set to continue, predicts IGD
Discounters predicted to see 36.7% growth by 2023
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NewsABP Food Group ploughs £17m investment into Perth beef plant
Cash injection will allow plant to ‘become one of the most modern facilities of its kind in the UK’
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NewsWarmer weather boosts retail spending in May
UK retail sales recovered in May as better weather brought consumers back onto British high streets, with sales growth at its fastest for more than four years.