All Finance articles – Page 712
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NewsNinth Tesco employee suspended
A ninth person has been suspended as the Serious Fraud Office (SFO) investigation continues into the £263m black hole in Tesco’s accounts…
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Analysis & FeaturesFood and drink SMEs to step up M&A activity in 2015
A new year and a new start is almost upon us, bringing with it that annual sense of optimism which makes us resolve to go to the gym more, eat more fruit and veg, quit smoking and cut down on alcohol.
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Analysis & FeaturesIs the budget end of the grocery market slowing down?
A lot has been made of the “free ride” the mainstream supermarkets have given the discounters over recent months, but today’s Kantar Worldpanel data seems to point to tougher conditions at the value end of the market.
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NewsRussian troubles hit Metro's full-year figures
Christmas trading is picking up for retailing giant Metro Group after a slow start for its food and textile business in Germany, with Metro Cash and Carry and Media-Saturn showing record year-on-year growth in December.
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NewsEach of the big four supermarkets sees market share declines
The UK grocery market has returned to marginal growth as sales picked up driven by pre-Christmas price discounts, according to the latest grocery share figures from Kantar Worldpanel.
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Analysis & FeaturesPastygate seems a long time ago for booming Greggs
As turnaround years go, they rarely come much better than 2014 has proved for Greggs.
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NewsGreggs raises profit forecast thanks to new product range
Greggs has upped profit expectations for the year as customers responded to the baker’s new coffee blend and healthier sandwich range.
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NewsThomas Ridley eyes £70m in revenue following Elveden deal
Thomas Ridley Foodservice is eyeing revenue of £70m in the next five years…
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Analysis & FeaturesMarket caution over Sainsbury's takeover rumours is understandable
One of the market’s unwritten rules is that any company subject to takeover rumours will get a nice share price boost.
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NewsWarning on spread of 'unethical' supplier payment schemes
The grocery industry has been warned that aggressive and potentially unethical financial demands…
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NewsTesco shares plummet again following 'shock' profit warning
It’s getting harder to describe a Tesco profit warning as a “shock” these days – but the fourth warning this year…
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Analysis & FeaturesOcado can reflect on a solid 2014 but the fireworks are still to come
Ocado’s growth may have slowed a touch in the fourth quarter, but it seems a little churlish to pick holes in solid figures that show the company surviving the current grocery retail chaos and coping with tough comparables.
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NewsStefano Pessina to take temporary charge of Walgreens/Alliance Boots
Alliance Boots’ executive chairman, Stefano Pessina, will become acting chief executive on completion of the merger with US pharmacy giant Walgreens, it has been announced.
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NewsOcado's sales growth slows to 14.9% in fourth quarter
Growth at online supermarket Ocado has slowed in the fourth quarter with gross retail sales up 14.9% to £311.4m, compared with a 15.5% boost during the previous three months.
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Analysis & FeaturesGlanbia bulks up for 2015 growth
This week Irish food group Glanbia was selected as one of Jefferies’ top 15 top buy-rated stocks primed for growth 2015…
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NewsAfrican troubles lead to first half PZ Cussons profits drop
PZ Cussons saw a 4% drop in first half profits, driven by “challenging trading conditions” in Africa and the devaluation of the Nigerian Naira.
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Analysis & FeaturesMargin resets and junk status looming: analysts' views of Tesco
We look at analysts’ reaction to Tesco’s latest profits warning and where this leaves Dave Lewis’ plans to turn around the ailing grocery giant as we head into 2015.
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NewsTesco profits warning: what the analysts say
After Tesco revealed its annual profits would be no higher than £1.4bn, we round-up who is saying what
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NewsBlack Friday helps arrest food sales decline
Grocery sales benefitted from a small boost in November as shoppers flocked to supermarkets to grab a bargain on a record-breaking Black Friday, according to the latest BRC-KPMG Retail Sales Monitor released this morning.
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NewsTesco in new profits warning as Dave Lewis promises not to cut corners in January
Tesco issued a profit warning today as CEO Dave Lewis “reset” the business to focus on service, availability and more competitive prices…