All Finance articles – Page 566
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Comment & OpinionJustin King is being conservative: the only way prices can go is up
Justin King during his time as Sainsbury’s CEO Not many ex-supermarket CEOs have escaped the upheaval of the last few years with their reputations intact. Justin King is one of them. Former peers include Phil Clarke (Tesco 2011-2014), Dalton Philips (Morrisons 2010-2015) and Andy Clarke ...
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NewsAutumn Statement 2016: UK economy wobbles as Brexit feeds uncertainty
Chancellor Philip Hammond has warned that growth in the UK economy is set to slow down and borrowing will rise in the wake of uncertainty created by Brexit.
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NewsAutumn Statement 2016: Snap industry reaction
Following this afternoon’s autumn statement announcement by the chancellor Philip Hammond, here is a round-up of comments from industry figures on the likely effect on the UK economy over the next fiscal year
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NewsMedia Bites 23 November: Morrisons, Aldi/Lidl, Brexit, FDF, Compass
Morrisons’ revival of the Safeway brand after 11 years as part of an attempt to get back into the fast-growing convenience market comes under the media glare.
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NewsFinsbury Food takes steps to battle rising input costs
Finsbury Food Group has modified its promotional activity and weighed up reformulating its products to battle the big jump in input costs caused by the decline in sterling.
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NewsDr Pepper Snapple swoops for $1.7bn health drinks group
Dr Pepper Snapple Group has announced it has agreed to buy US health drinks group Bai Brands for $1.7bn ($1.37bn).
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Comment & OpinionThere’s method to Morrisons' Safeway ‘madness’
You’d think Morrisons would want nothing more to do with the name Safeway ever again
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NewsMorrisons revives Safeway brand and trials Rontec food offer
The Safeway brand will be used on a range for independent retailers
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NewsFood and drink exports hit record levels in Q3
Food and non-alcoholic drink exports soared 12.1% to £3.4bn in the third quarter, with trade to non-EU markets growing at twice the rate of countries in Europe.
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NewsNorth America boosts annual results for Compass Group
FTSE 100 catering giant Compass Group has reported to 5% boost to annual organic revenues. Plus all the rest of today’s news from the City …
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NewsMedia Bites 22 Nov: Truck drivers, Exports, TPP, Theresa May
Christmas deliveries in the UK could be hampered by a shortage of lorry drivers as the potential pool of workers shrunk to its lowest level since records began in 2005, writes the FT.
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NewsDiageo workers vote to strike over pension cuts
Diageo is facing mass walkouts across its Scottish bottling operations in the run up to Christmas as staff voted for industrial action over pension cuts.
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NewsSt. Ewe Eggs secures six-figure bank loan
The Cornish egg producer has invested in equipment to tap into the sports nutrition market, supplying its UK customers with pasteurised eggs for the first time.
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NewsIndustry groups hit out over curbs on business rates appeals
A collection of retail and leisure business groups have called on the UK government to rethink proposals that limit firms appealing that their categorisation of business rates is too high.
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NewsMedia Bites 21 Nov: Petrol prices, Business rates, Tesco
Morrisons is cutting the price of petrol to below £1 a litre for the first time since the Brexit vote, escalating a pre-Christmas price war among Britain’s biggest supermarkets.
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NewsEagle Eye growth accelerates in first quarter
Grocery tech group Eagle Eye has accelerated its growth rate in its first quarter as relationships with Asda and Sainsbury’s powered revenues 74% higher year on year.
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NewsWeetabix acquires majority stake in Weetabix East Africa in search of growth
Weetabix has taken a big bite out of its East African partner in a bid to bolster its international growth strategy and boost flagging sales.
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NewsGreencore boosts US sales to $1.3bn with Peacock Foods deal
Greencore’s desire to penetrate the US supermarket sector was the prime motivation for its £600m acquisition
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NewsCity News: Majestic shares rise as dividend returns
Majestic Wine insisted this week its turnaround plans remain firmly on track despite plunging to a first-half £4.4m loss
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NewsCity snapshot: Pork sale puts focus back on Dunbia's red meat business
The sale of the Dunbia pork division to Cranswick has reignited speculation that a deal for the remaining red meat business is moving closer. Plus, One Stop’s franchise business made a trading loss of £2m and all the latest news from the City.