All Finance articles – Page 9
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NewsMedia Bites 12 January: Morrisons/Sainsbury’s, Brexit, M&S
Sainsbury’s has joined Morrisons in saying it will enforce the wearing of masks in its supermarkets.
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News
Nomad Foods confirms talks with Fortenova Group to buy frozen foods business
Birds Eye owner Nomad Foods is looking to extend the reach of its frozen empire in Europe after entering exclusive talks with Fortenova Group to buy the Croatian company’s frozen foods brands.
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City News: Christmas sales boom at Sainsbury’s and Morrisons impresses City
The market is used to supermarkets posting bumper sales during coronavirus, but sector sentiment was further boosted by Sainsbury’s saying its bumper Christmas sales would also lead to higher-than-expected profits
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Media Bites 11 Jan: Ocado, Brexit border disruption, M&S
Ocado has become the first large grocer to warn of stock shortages as it is hit by staff absences while hauliers grapple with extra customs controls after Brexit
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City Snapshot: Post Office delivers strong Christmas as online shopping booms
The boom in online Christmas shopping fuelled by the coronavirus crisis has seen the Post Office deliver a 17% rise in December sales. Plus, Commercial landlord British Land has collected less than half the rent due from its retail tenants in December as tightening coronavirus restrictions forced many shops to close once more.
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Kettle back in the black following sale to Valeo Foods
Bagged snacking brand Kettle has bounced back into the black following its acquisition by Valeo Foods, as the CapVest-owned group further expands its snacking empire
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Tesco named top big four player as grocers toast profitable Christmas
The grocery industry enjoyed a bumper Christmas despite shoppers paring back festive plans as coronavirus restrictions were tightened
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City Snapshot: Covid restrictions hit Christmas trading at M&S
Marks & Spencer has reported an 8.4% drop in third quarter sales, with food growth of 2.2% not enough to compensate for a plunge in general merchandise sales.
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Media Bites 8 Jan: Sainsbury’s, Brexit, B&M
Sainsbury’s has hiked its full-year profit forecast after sales surged by nearly a tenth during the key Christmas period
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News
Princes profits more than doubled in lead up to first lockdown, results show
It comes three years after Princes kicked off a major revitalisation plan to bring the business into the 21st century
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Analysis & Features
Four key impacts of the Brexit deal on UK food & drink
The trade deal dodges punishing tariffs, but there are plenty of changes for the UK food industry to adapt to, despite little notice
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City Snapshot: Sainsbury’s raises profits guidance after festive growth of 9.3%
Sainsbury’s has posted Christmas like-for-like sales growth of 9.3% after releasing its festive trading update early due to it raising its profits guidance.
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Media Bites 7 Jan: Greggs, Asda, Northern Ireland
Bakery chain Greggs is heading for its first annual loss since the company was established 82 years ago
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Online drives Christmas grocery sales surge
Supermarket sales grew 8.4% over the festive period with almost £12bn spent at the grocers as online shopping surged during Christmas, according to Nielsen.
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Media Bites 6 Jan: Morrisons, Christmas grocery sales, UK/EU trade deal
Strong demand for luxury Christmas favourites helped to drive an 8.5% rise in sales at Morrisons over the festive period
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FreshDirect completes sale to Ahold Delhaize and Centerbridge Partners
US online fresh food grocer FreshDirect has announced that it closed its sale to global grocery giant Ahold Delhaize and investment firm Centerbridge Partners.
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Morrisons' Christmas sales surge 9.3%
Morrisons has reported a 9.3% growth in group like for like ex-fuel sales over the festive period as rising sales have mitigated the extra costs from the coronavirus tiering rules
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Media Bites 5 Jan: Lockdown, Aldi, Online grocery
The new national lockdown will cause widespread business failures and job losses unless government support for businesses is urgently increased
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Comment & Opinion
What you may have missed part II: Grocery’s city news over Christmas
In a sign of these strange times, the Christmas ‘break’ has been quite a hive of activity
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News
Nomad Foods completes Findus unification with €110m Switzerland deal
Birds Eye owner Nomad Foods has completed the €110m (£99.5m) deal to add Findus Switzerland to its growing frozen empire.
